<ARTICLE>	6

<CIK>	0000320351

<NAME>	Fidelity Select Portfolios



	<NUMBER>	27

	<NAME>	Select-Multimedia

<MULTIPLIER>	1,000







<PERIOD-TYPE>
6-MOS
<FISCAL-YEAR-END>
FEB-28-2001
<PERIOD-END>
AUG-31-2000
<INVESTMENTS-AT-COST>
203,334
<INVESTMENTS-AT-VALUE>
258,443
<RECEIVABLES>
1,097
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
259,540
<PAYABLE-FOR-SECURITIES>
74
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
29,628
<TOTAL-LIABILITIES>
29,702
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
168,520
<SHARES-COMMON-STOCK>
4,637
<SHARES-COMMON-PRIOR>
4,470
<ACCUMULATED-NII-CURRENT>
(128)
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
6,338
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
55,108
<NET-ASSETS>
229,838
<DIVIDEND-INCOME>
460
<INTEREST-INCOME>
676
<OTHER-INCOME>
44
<EXPENSES-NET>
1,291
<NET-INVESTMENT-INCOME>
(111)
<REALIZED-GAINS-CURRENT>
7,112
<APPREC-INCREASE-CURRENT>
(12,944)
<NET-CHANGE-FROM-OPS>
(5,943)
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
0
<DISTRIBUTIONS-OF-GAINS>
10,846
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
1,341
<NUMBER-OF-SHARES-REDEEMED>
1,393
<SHARES-REINVESTED>
219
<NET-CHANGE-IN-ASSETS>
(8,774)
<ACCUMULATED-NII-PRIOR>
(17)
<ACCUMULATED-GAINS-PRIOR>
14,366
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
670
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
1,307
<AVERAGE-NET-ASSETS>
233,369
<PER-SHARE-NAV-BEGIN>
53.390
<PER-SHARE-NII>
(.020)
<PER-SHARE-GAIN-APPREC>
(1.320)
<PER-SHARE-DIVIDEND>
0
<PER-SHARE-DISTRIBUTIONS>
2.500
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
49.570
<EXPENSE-RATIO>
109