<ARTICLE>	6

<CIK>	0000320351

<NAME>	Fidelity Select Portfolios



	<NUMBER>	34

	<NAME>	Select-Banking

<MULTIPLIER>	1,000







<PERIOD-TYPE>
6-MOS
<FISCAL-YEAR-END>
FEB-28-2001
<PERIOD-END>
AUG-31-2000
<INVESTMENTS-AT-COST>
347,558
<INVESTMENTS-AT-VALUE>
445,384
<RECEIVABLES>
4,349
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
449,733
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
3,558
<TOTAL-LIABILITIES>
3,558
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
365,691
<SHARES-COMMON-STOCK>
14,456
<SHARES-COMMON-PRIOR>
13,732
<ACCUMULATED-NII-CURRENT>
4,344
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(21,686)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
97,826
<NET-ASSETS>
446,175
<DIVIDEND-INCOME>
5,908
<INTEREST-INCOME>
1,017
<OTHER-INCOME>
3
<EXPENSES-NET>
2,584
<NET-INVESTMENT-INCOME>
4,344
<REALIZED-GAINS-CURRENT>
(16,065)
<APPREC-INCREASE-CURRENT>
98,117
<NET-CHANGE-FROM-OPS>
86,396
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
1,508
<DISTRIBUTIONS-OF-GAINS>
31,788
<DISTRIBUTIONS-OTHER>
5,621
<NUMBER-OF-SHARES-SOLD>
8,664
<NUMBER-OF-SHARES-REDEEMED>
9,274
<SHARES-REINVESTED>
1,335
<NET-CHANGE-IN-ASSETS>
82,638
<ACCUMULATED-NII-PRIOR>
3,725
<ACCUMULATED-GAINS-PRIOR>
85,640
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
1,220
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
2,648
<AVERAGE-NET-ASSETS>
424,081
<PER-SHARE-NAV-BEGIN>
26.470
<PER-SHARE-NII>
 .290
<PER-SHARE-GAIN-APPREC>
6.620
<PER-SHARE-DIVIDEND>
 .100
<PER-SHARE-DISTRIBUTIONS>
2.480
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
30.860
<EXPENSE-RATIO>
122