(36_logos_of various_select_portfolios)SEL-93-2(Fidelity_logo)July 1, 1993
FIDELITY
SELECT
PORTFOLI
OS
FUND MANAGER
BIOGRAPHIES
SUPPLEMENT TO THE
APRIL 21, 1993 PROSPECTUS
(Registered trademark)
Fidelity Select Portfolios' Managers
IF YOU'RE INTERESTED IN LEARNING MORE ABOUT THE BACKGROUNDS OF THE FIDELITY
SELECT PORTFOLIOS' MANAGERS, PLEASE USE THE FOLLOWING LIST TO FIND THE
MANAGER'S NAME. THE BIOGRAPHIES THAT FOLLOW ARE IN ALPHABETICAL ORDER. EACH
FOCUSES ON THE MANAGER'S EXPERIENCE FOR THE PAST FIVE YEARS. THE FUND
MANAGERS' OVERVIEWS OF PERFORMANCE ARE INCLUDED IN THE SELECT PORTFOLIOS'
ANNUAL AND SEMIANNUAL REPORTS, AVAILABLE BY CALLING US AT 1-800-544-8888.
SELECT PORTFOLIO   MANAGER
Air Transportation Brenda Reed
American Gold Malcolm MacNaught
Automotive Richard Patton
Biotechnology Karen Firestone
Broadcast and Media Stephen DuFour
Brokerage and Investment Management Arieh Coll
Chemicals Steven Wymer
Computers Harry Lange
Construction and Housing Katherine Collins
Consumer Products Stephen Pesek
Defense and Aerospace Stephen Binder
Developing Communications Paul Antico
Electric Utilities John Muresianu
   Electronics Harry Lange    
Energy Robert Bertelson
Energy Service William Mankivsky
Environmental Services Philip Barton
Financial Services Stephen Binder
Food and Agriculture William Mankivsky
Health Care Charles Mangum
Home Finance David Ellison
Industrial Equipment Albert Ruback
Industrial Materials Louis Salemy
Insurance Robert Chow
Leisure Deborah Wheeler
Medical Delivery Louis Salemy
Money Market John Todd
   Natural Gas Michael Tempero    
Paper and Forest Products Scott Offen
Precious Metals and Minerals Malcolm MacNaught
Regional Banks Stephen Binder
   Retailing Jeff Feinberg    
Software and Computer Services Arieh Coll
Technology Harry Lange
Telecommunications Fergus Shiel
Transportation Beso Sikharulidze
Utilities John Muresianu
 
Fund Manager Biographies
PAUL ANTICO has been portfolio manager of Fidelity Select Developing
Communications Portfolio since November 1993. Previously, he served as an
analyst for the telecommunications equipment and restaurant industries. He
also served as an assistant on Fidelity Balanced Fund and Fidelity
Equity-Income II Fund. He joined Fidelity in 1991 after receiving a B.S. in
economics from the Massachusetts Institute of Technology.
PHILIP BARTON has been portfolio manager of Fidelity Select Environmental
Services Portfolio since October 1993. Previously, he managed Fidelity
Select Developing Communications Portfolio and was senior European
technology analyst at Fidelity International in London. Barton joined the
company in 1986 as an analyst following first the banking industry and then
software and computer services. He received his C.F.A. in 1988. 
ROBERT BERTELSON has been portfolio manager of Fidelity Select Energy
Portfolio since January 1992. He joined the company as an equity analyst in
1991. Before that, Bertelson was vice president and research analyst at
Wellington Management Company.
STEPHEN BINDER has been portfolio manager of Fidelity Select Financial
Services since December 1993, Fidelity Select Defense and Aerospace
Portfolio since October 1992, and Fidelity Select Regional Banks Portfolio
since May 1990. He joined Fidelity in 1989 as an equity analyst after
receiving an M.B.A. in finance and accounting from the University of
Chicago.
ROBERT CHOW has been portfolio manager of Fidelity Select Insurance
Portfolio since June 1993. He has also served as manager of Fidelity Select
Computers, Paper and Forest Products and Technology Portfolios, and as an
assistant on Fidelity Growth & Income Portfolio. Chow joined the
company as a summer intern in 1989. Before that, he was a sub-project
manager at TRW, an aerospace company. Chow received an M.B.A. in finance
from the University of Chicago in 1990.
ARIEH COLL has been portfolio manager of Fidelity Select Brokerage and
Investment Management Portfolio since November 1993 and Fidelity Select
Software and Computer Services Portfolio since October 1991. Previously, he
managed Fidelity Select Technology Portfolio. He joined Fidelity in 1989
after receiving an M.B.A. from Northwestern University.
KATHERINE COLLINS has been portfolio manager of the Select Construction and
Housing Portfolio since June 1992. She joined the company in July 1990 as
an equity analyst following the home-building and construction industries.
She received her B.A. from Wellesley College in economics and Japanese
studies in 1990.
STEPHEN DUFOUR has been portfolio manager of Fidelity Select Broadcast and
Media Portfolio since July 1993. He joined Fidelity as a media analyst in
1992, after receiving an M.B.A. from the University of Chicago. Previously,
he worked as a financial analyst at PaineWebber. In 1988, DuFour received a
B.A. from the University of Notre Dame.
DAVID ELLISON has been portfolio manager of Fidelity Select Home Finance
Portfolio since December 1985. Previously, he managed the Fidelity Select
Brokerage and Investment Management and Financial Services Portfolios. He
has also been a banking and finance analyst.
   JEFF FEINBERG has been portfolio manager of Fidelity Select Retailing
Portfolio since February 1994. Previously, he served as an analyst
following the footware and specialty retail industries. Feinberg joined
Fidelity in March 1992 while attending Harvard Business School. He received
his M.B.A. from Harvard in 1993. Before that, Feinberg was a merger and
acquisitions analyst at Wasserstein Perella & Co.    
KAREN FIRESTONE has been portfolio manager of Fidelity Select Biotechnology
Portfolio since August 1992. Previously, she managed Fidelity Select Air
Transportation, Broadcast and Media, Leisure, and Transportation
Portfolios. Firestone joined the company in 1983.
       HARRY LANGE    has been portfolio manager of Fidelity Select
Electronics Portfolio since January 1994, Fidelity Select Technology
Portfolio since November 1993, and Fidelity Select Computers Portfolio
since June 1992. Previously, he managed Fidelity Select Automation and
Machinery and Capital Goods Portfolios. He joined the company in 1987.    
MALCOLM MACNAUGHT has been portfolio manager of Fidelity Select American
Gold Portfolio since December 1985 and Fidelity Select Precious Metals and
Minerals Portfolio since July 1981. He also manages Fidelity Advisor Global
Natural Resources Portfolio.
CHARLES MANGUM has been portfolio manager of Fidelity Select Health Care
Portfolio since March 1992. Previously, he managed Fidelity Select Medical
Delivery Portfolio. He received an M.B.A. from the University of Chicago in
1990. Before joining Fidelity in 1990, he worked as a financial analyst at
Eppler, Guerin and Turner, a Dallas-based brokerage house. 
WILLIAM MANKIVSKY has been portfolio manager of Fidelity Select Food and
Agriculture Portfolio since April 1993 and Fidelity Select Energy Service
Portfolio since January 1992. He joined Fidelity in 1991 as an equity
analyst following the energy service and medical devices industries. He
received an M.B.A. in finance and accounting from the University of Chicago
in 1991. Before that, he was an analyst at the Prudential Property Company
in Chicago.
JOHN MURESIANU has been portfolio manager of Fidelity Select Utilities
Portfolio and Fidelity Utilities Income Fund since December 1992.
Previously, he was portfolio manager of Fidelity Select Natural Gas and
Electric Utilities Portfolios and served as senior research analyst
following natural gas pipelines, life insurance, service companies,
Canadian stocks, and foreign currencies. He has also been a pension fund
manager with the company. Muresianu joined Fidelity in 1986. 
SCOTT OFFEN has been portfolio manager of Fidelity Select Paper and Forest
Products since November 1993. Previously, he managed Fidelity Select
Brokerage and Investment Management and Life Insurance Portfolios. Offen
joined the company in 1985 as an insurance and finance analyst.
STEPHEN PESEK has been portfolio manager of Fidelity Select Consumer
Products Portfolio since April 1993.  Previously he managed the Fidelity
Select Chemicals, Industrial Materials, Insurance and Transportation
Portfolios.  He joined the company in 1987, after receiving an M.B.A. from
Columbia University.
RICHARD PATTON has been portfolio manager of Fidelity Select Automotive
Portfolio since July 1993.  He joined Fidelity as a specialty chemicals
analyst in 1992 after receiving an M.B.A. from Harvard Business School.
Previously, Patton was an associate with Breau Capital Management and
president and founder of several businesses.
BRENDA REED has been portfolio manager of Fidelity Select Air
Transportation since December 1992. She joined the company in 1992 as an
equity analyst following the apparel and textile industries. Previously,
she was an equity analyst at the Putnam Companies and vice president of New
England Research and Management. Reed received an M.B.A. from Dartmouth
College in 1992, and a B.S. in financial management from Boston University
in 1989.
ALBERT RUBACK has been portfolio manager of Fidelity Select Industrial
Equipment Portfolio since September 1991. He joined Fidelity in 1991 after
receiving an M.B.A. from Harvard University in 1991. Previously, he was a
research associate for Sanford C. Bernstein and Co.
LOUIS SALEMY has been portfolio manager of Fidelity Select Medical Delivery
Portfolio since April 1993 and Fidelity Select Industrial Materials
Portfolio since August 1992. He joined Fidelity in April 1992. Previously,
he was a security analyst for Loomis, Sayles and Company. Salemy received
an M.B.A. in finance from New York University in 1989.
FERGUS SHIEL has been portfolio manager of  Fidelity Select
Telecommunications Portfolio since June 1992. Previously, Shiel managed
Fidelity Select Broadcast and Media Portfolio. He joined the company in
1989 after receiving an M.B.A. in finance from Columbia University.
BESO SIKHARULIDZE has been portfolio manager of Fidelity Select
Transportation Portfolio since November 1993. He joined Fidelity as an
equity analyst in 1992, after receiving an M.B.A. from Harvard Business
School. From January to August 1990, he worked at Pioneer Hybrid, a
multinational agricultural company based in Des Moines, Iowa. In 1988, he
co-founded the Science and Engineering Development Center, an engineering
and consulting firm in Soviet Georgia, where he served as chief operating
officer.
       MICHAEL TEMPERO    has been portfolio manager of Fidelity Select
Natural Gas Portfolio since February 1994. He joined Fidelity in May 1993
as an analyst following domestic oil and gas exploration and production as
well as conglomerates. Tempero received his M.B.A from the University of
Chicago in 1993 and his masters in economics from the London School of
Economics in 1992.    
JOHN TODD has been portfolio manager of Fidelity Select Money Market
Portfolio since January 1991. He has also managed Spartan(Registered
trademark) Money Market Fund since 1989. He joined the company in 1981.
DEBORAH WHEELER has been portfolio manager of Fidelity Select Leisure
Portfolio since August 1992. Previously, Wheeler managed the Fidelity
Select Food and Agriculture, Housing, and Retailing Portfolios. She was
also an assistant on Fidelity Magellan(Registered trademark) Fund. Wheeler
joined Fidelity in 1986.
STEVEN WYMER has been portfolio manager of Fidelity Select Chemicals
Portfolio since January 1993. He is also an assistant on Fidelity Magellan
Fund. Previously, he was portfolio manager of Fidelity Select Automotive
Portfolio and an assistant on Fidelity Growth & Income Portfolio. Wymer
joined the company in 1989 after receiving an M.B.A. from the University of
Chicago.