-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F1n92F7WNh8RYopdFnii11FNoKp7IYSMeyUDEm5Rn4nrwx0dhpZANkUo6IkrTJD1 xPhQ5Ynw3g7LbSEYzSDYSg== 0000356173-05-000018.txt : 20050611 0000356173-05-000018.hdr.sgml : 20050611 20050610144245 ACCESSION NUMBER: 0000356173-05-000018 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050610 DATE AS OF CHANGE: 20050610 EFFECTIVENESS DATE: 20050610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 IRS NUMBER: 042732797 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-69972 FILM NUMBER: 05889613 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-1413 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MAILZONE Z1C CITY: BOSTON STATE: MA ZIP: 02109 497 1 main.htm

SUPPLEMENT TO THE

FIDELITY^® SELECT PORTFOLIOS^®

STATEMENT OF ADDITIONAL INFORMATION

April 29, 2005

Charles Hebard has replaced Matthew Fruhan as the portfolio manager of Select Financial Services Portfolio. All references of Matthew Fruhan are removed from the "Management Contracts" section.

The following information supplements the similar information found in the "Management Contract" section on page 72 .

The following table provides information relating to other accounts managed by Mr. Hebard as of April 30, 2005:

	Registered Investment Companies*	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	4	None	None
Number of Accounts Managed with Performance-Based Advisory Fees	None	None	None
Assets Managed (in millions)	$ 1,044	None	None
Assets Managed with Performance-Based Advisory Fees (in millions)	None	None	None

* Includes Financial Services Portfolio ($436 (in millions) assets managed).

The following information supplements the similar information found in the "Management Contracts" section on Page 76.

Sector Fund Manager	Select Fund(s)	Dollar Range of Shares
Charles Hebard	Financial Services	None

SELB-05-02 June 11, 2005
1.475630.119

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