FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

INVESTMENT COMPANY ACT FILE NUMBER: 811-03114

EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Select Portfolios

Fund Name: Select Defense and Aerospace Portfolio

82 DEVONSHIRE STREET, BOSTON, MA 02109
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

ERIC D. ROITER, SECRETARY, 82 DEVONSHIRE STREET, BOSTON, MA 02109
(NAME AND ADDRESS OF AGENT FOR SERVICE)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 617-563-7000

DATE OF FISCAL YEAR END: FEBRUARY 28

DATE OF REPORTING PERIOD: 06/30/2005

SIGNATURES

PURSUANT TO THE REQUIREMENTS OF THE INVESTMENT COMPANY ACT OF 1940, THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THERE UNTO DULY AUTHORIZED.

Fidelity Select Portfolios

BY:  /s/ CHRISTINE REYNOLDS
-----------------------------------------------------
CHRISTINE REYNOLDS, TREASURER, FIDELITY MANAGEMENT & RESEARCH COMPANY
DATE: 08/09/2005 05:18:07 PM

EXHIBIT A

VOTE SUMMARY REPORT
Select Defense and Aerospace Portfolio
07/01/2004 - 06/30/2005

Note: The Security ID will be the CUSIP (Committee on Uniform Securities Identification Procedures) when available. When CUSIP is not available, an alternate identifier, e.g., CINS, will be provided.

ISSUER NAME: AAR CORP. MEETING DATE: 10/13/2004
TICKER: AIR     SECURITY ID: 000361105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES E. GOODWIN AS A DIRECTOR	Management	For	For
1.2	ELECT MARC J. WALFISH AS A DIRECTOR	Management	For	For

ISSUER NAME: AEROFLEX INCORPORATED MEETING DATE: 11/10/2004
TICKER: ARXX     SECURITY ID: 007768104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PAUL ABECASSIS AS A DIRECTOR	Management	For	For
1.2	ELECT LEONARD BOROW AS A DIRECTOR	Management	For	For
1.3	ELECT MILTON BRENNER AS A DIRECTOR	Management	For	For
1.4	ELECT ERIC EDELSTEIN AS A DIRECTOR	Management	For	For

ISSUER NAME: ALLIANT TECHSYSTEMS INC. MEETING DATE: 08/03/2004
TICKER: ATK     SECURITY ID: 018804104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FRANCES D. COOK AS A DIRECTOR	Management	For	For
1.2	ELECT GILBERT F. DECKER AS A DIRECTOR	Management	For	For
1.3	ELECT RONALD R. FOGLEMAN AS A DIRECTOR	Management	For	For
1.4	ELECT JONATHAN G. GUSS AS A DIRECTOR	Management	For	For
1.5	ELECT DAVID E. JEREMIAH AS A DIRECTOR	Management	For	For
1.6	ELECT ROMAN MARTINEZ IV AS A DIRECTOR	Management	For	For
1.7	ELECT PAUL DAVID MILLER AS A DIRECTOR	Management	For	For
1.8	ELECT DANIEL J. MURPHY, JR. AS A DIRECTOR	Management	For	For
1.9	ELECT ROBERT W. RISCASSI AS A DIRECTOR	Management	For	For
1.10	ELECT MICHAEL T. SMITH AS A DIRECTOR	Management	For	For
1.11	ELECT WILLIAM G. VAN DYKE AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For
3	STOCKHOLDER PROPOSAL - WEAPONIZATION OF SPACE/MISSILE DEFENSE	Shareholder	Against	Against

ISSUER NAME: ANAREN, INC. MEETING DATE: 11/04/2004
TICKER: ANEN     SECURITY ID: 032744104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HERBERT I. CORKIN AS A DIRECTOR	Management	For	For
1.2	ELECT MATTHEW S. ROBISON AS A DIRECTOR	Management	For	For
2	APPROVE THE ANAREN, INC. COMPREHENSIVE LONG-TERM INCENTIVE PLAN.	Management	For	For
3	RATIFICATION OF APPOINTMENT OF KPMG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For

ISSUER NAME: BOMBARDIER INC MEETING DATE: 06/07/2005
TICKER: --     SECURITY ID: 097751200
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECT MR. LAURENT BEAUDOIN AS A DIRECTOR	Management	Unknown	For
2	ELECT MR. PIERRE BEAUDOIN AS A DIRECTOR	Management	Unknown	For
3	ELECT MR. ANDR; B; RARD AS A DIRECTOR	Management	Unknown	For
4	ELECT MR. J.R. ANDR; BOMBARDIER AS A DIRECTOR	Management	Unknown	For
5	ELECT MR. JANINE BOMBARDIER AS A DIRECTOR	Management	Unknown	For
6	ELECT MR. L. DENIS DESAUTELS AS A DIRECTOR	Management	Unknown	For
7	ELECT MR. MICHAEL J. DURHAM AS A DIRECTOR	Management	Unknown	For
8	ELECT MR. JEAN-LOUIS FONTAINE AS A DIRECTOR	Management	Unknown	For
9	ELECT MR. DANIEL JOHNSON AS A DIRECTOR	Management	Unknown	For
10	ELECT MR. JEAN C. MONTY AS A DIRECTOR	Management	Unknown	For
11	ELECT MR. ANDR; NAVARRI AS A DIRECTOR	Management	Unknown	For
12	ELECT MR. JAMES E. PERRELLA AS A DIRECTOR	Management	Unknown	For
13	ELECT MR. CARLOS E. REPRESAS AS A DIRECTOR	Management	Unknown	For
14	ELECT MR. FEDERICO SADA G. AS A DIRECTOR	Management	Unknown	For
15	ELECT MR. HEINRICH WEISS AS A DIRECTOR	Management	Unknown	For
16	APPOINT ERNST & YOUNG LLP, CHARTERED ACCOUNTANTS AS THE AUDITORS1	Management	Unknown	For
17	APPROVE THE SHAREHOLDER PROPOSAL AS SPECIFIED	Management	Unknown	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: DRS TECHNOLOGIES, INC. MEETING DATE: 08/05/2004
TICKER: DRS     SECURITY ID: 23330X100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM F. HEITMANN AS A DIRECTOR	Management	For	For
1.2	ELECT C. SHELTON JAMES AS A DIRECTOR	Management	For	For
1.3	ELECT RADM S.F. PLATT USN RET AS A DIRECTOR	Management	For	For
1.4	ELECT ERIC J. ROSEN AS A DIRECTOR	Management	For	For
2	TO APPROVE THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM RATIFICATION	Management	For	For

ISSUER NAME: EDO CORPORATION MEETING DATE: 04/26/2005
TICKER: EDO     SECURITY ID: 281347104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT E. ALLEN AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT ALVINE AS A DIRECTOR	Management	For	For
1.3	ELECT DENNIS C. BLAIR AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT M. HANISEE AS A DIRECTOR	Management	For	For
1.5	ELECT MICHAEL J. HEGARTY AS A DIRECTOR	Management	For	For
1.6	ELECT LESLIE F. KENNE AS A DIRECTOR	Management	For	For
1.7	ELECT PAUL J. KERN AS A DIRECTOR	Management	For	For
1.8	ELECT RONALD L. LEACH AS A DIRECTOR	Management	For	For
1.9	ELECT JAMES ROTH AS A DIRECTOR	Management	For	For
1.10	ELECT JAMES M. SMITH AS A DIRECTOR	Management	For	For
1.11	ELECT ROBERT S. TYRER AS A DIRECTOR	Management	For	For
1.12	ELECT ROBERT WALMSLEY AS A DIRECTOR	Management	For	For
2	TO APPROVE THE EDO CORPORATION INCENTIVE COMPENSATION PLAN.	Management	For	For

ISSUER NAME: ENGINEERED SUPPORT SYSTEMS, INC. MEETING DATE: 09/15/2004
TICKER: EASI     SECURITY ID: 292866100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	AMENDMENT OF THE COMPANY S ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 30,000,000 TO 85,000,000.	Management	For	For
2	ENGINEERED SUPPORT SYSTEMS, INC. EXECUTIVE INCENTIVE PERFORMANCE PLAN.	Management	For	For
3	GRANT TO THE PROXYHOLDERS THE AUTHORITY TO VOTE, IN THEIR DISCRETION, WITH RESPECT TO THE APPROVAL OF ANY PROPOSAL TO POSTPONE OR ADJOURN THE SPECIAL MEETING TO A LATER DATE TO SOLICIT ADDITIONAL PROXIES IN FAAVOR OF THE APPROVAL OF THE AMENDMENT OF THE COMPANY S ARTICLES OF INCORPORATION AND THE EXECUTIVE INCENTIVE PERFORMANCE PLAN.	Management	For	Abstain

ISSUER NAME: ENGINEERED SUPPORT SYSTEMS, INC. MEETING DATE: 03/01/2005
TICKER: EASI     SECURITY ID: 292866100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GERALD A. POTTHOFF AS A DIRECTOR	Management	For	For
1.2	ELECT GARY C. GERHARDT AS A DIRECTOR	Management	For	For
1.3	ELECT THOMAS J. GUILFOIL AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES A. SCHAEFER AS A DIRECTOR	Management	For	For
1.5	ELECT MG GEORGE E. FRIEL AS A DIRECTOR	Management	For	For
1.6	ELECT C.T. ROBERTSON, JR. AS A DIRECTOR	Management	For	For
2	ENGINEERED SUPPORT SYSTEMS, INC. 2005 NON-EXECUTIVE STOCK OPTION PLAN AND THE ALLOCATION OF 400,000 SHARES OF ENGINEERED SUPPORT SYSTEMS, INC. COMMON STOCK TO THE NON-EXECUTIVE STOCK OPTION PLAN.	Management	For	For

ISSUER NAME: ESSEX CORPORATION MEETING DATE: 05/10/2005
TICKER: KEYW     SECURITY ID: 296744105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN G. HANNON AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT W. HICKS AS A DIRECTOR	Management	For	For
1.3	ELECT ANTHONY M. JOHNSON AS A DIRECTOR	Management	For	For
1.4	ELECT RAY M. KEELER AS A DIRECTOR	Management	For	For
1.5	ELECT H. JEFFREY LEONARD AS A DIRECTOR	Management	For	For
1.6	ELECT MARIE S. MINTON AS A DIRECTOR	Management	For	For
1.7	ELECT ARTHUR L. MONEY AS A DIRECTOR	Management	For	For
1.8	ELECT LEONARD E. MOODISPAW AS A DIRECTOR	Management	For	For
1.9	ELECT TERRY M. TURPIN AS A DIRECTOR	Management	For	For
2	RATIFY AND APPROVE AN AMENDMENT AND RESTATEMENT OF THE COMPANY S 2004 STOCK INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES RESERVED FOR ISSUANCE THEREUNDER FROM 1,000,000 SHARES TO 1,300,000 SHARES.	Management	For	Against
3	RATIFY THE SELECTION OF STEGMAN & COMPANY AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ESTERLINE TECHNOLOGIES CORPORATION MEETING DATE: 03/02/2005
TICKER: ESL     SECURITY ID: 297425100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LEWIS E. BURNS* AS A DIRECTOR1	Management	For	For
1.2	ELECT ROBERT W. CREMIN* AS A DIRECTOR1	Management	For	For
1.3	ELECT A.P. FRANCESCHINI* AS A DIRECTOR1	Management	For	For
1.4	ELECT ADM. C.R. LARSON** AS A DIRECTOR1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: GENCORP INC. MEETING DATE: 03/30/2005
TICKER: GY     SECURITY ID: 368682100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES J. DIDION AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES M. OSTERHOFF AS A DIRECTOR	Management	For	For
1.3	ELECT SHEILA E. WIDNALL AS A DIRECTOR	Management	For	For
2	TO RATIFY THE AUDIT COMMITTEE S APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: GENERAL DYNAMICS CORPORATION MEETING DATE: 05/04/2005
TICKER: GD     SECURITY ID: 369550108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT N.D. CHABRAJA AS A DIRECTOR	Management	For	For
1.2	ELECT J.S. CROWN AS A DIRECTOR	Management	For	For
1.3	ELECT L. CROWN AS A DIRECTOR	Management	For	For
1.4	ELECT W.P. FRICKS AS A DIRECTOR	Management	For	For
1.5	ELECT C.H. GOODMAN AS A DIRECTOR	Management	For	For
1.6	ELECT J.L. JOHNSON AS A DIRECTOR	Management	For	For
1.7	ELECT G.A. JOULWAN AS A DIRECTOR	Management	For	For
1.8	ELECT P.G. KAMINSKI AS A DIRECTOR	Management	For	For
1.9	ELECT J.M. KEANE AS A DIRECTOR	Management	For	For
1.10	ELECT L.L. LYLES AS A DIRECTOR	Management	For	For
1.11	ELECT C.E. MUNDY, JR. AS A DIRECTOR	Management	For	For
1.12	ELECT R. WALMSLEY AS A DIRECTOR	Management	For	For
2	SELECTION OF INDEPENDENT AUDITORS	Management	For	For
3	SHAREHOLDER PROPOSAL WITH REGARD TO FUTURE SEVERANCE AGREEMENTS	Shareholder	Against	Against
4	SHAREHOLDER PROPOSAL WITH REGARD TO FOREIGN MILITARY SALES	Shareholder	Against	Against

ISSUER NAME: GOODRICH CORPORATION MEETING DATE: 04/19/2005
TICKER: GR     SECURITY ID: 382388106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DIANE C. CREEL AS A DIRECTOR	Management	For	For
1.2	ELECT GEORGE A. DAVIDSON, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT HARRIS E. DELOACH, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES W. GRIFFITH AS A DIRECTOR	Management	For	For
1.5	ELECT WILLIAM R. HOLLAND AS A DIRECTOR	Management	For	For
1.6	ELECT MARSHALL O. LARSEN AS A DIRECTOR	Management	For	For
1.7	ELECT DOUGLAS E. OLESEN AS A DIRECTOR	Management	For	For
1.8	ELECT ALFRED M. RANKIN, JR. AS A DIRECTOR	Management	For	For
1.9	ELECT JAMES R. WILSON AS A DIRECTOR	Management	For	For
1.10	ELECT A. THOMAS YOUNG AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE YEAR 2005.1	Management	For	For
3	APPROVE AN AMENDMENT AND RESTATEMENT OF THE 2001 STOCK OPTION PLAN.	Management	For	Against
4	APPROVE AN AMENDMENT AND RESTATEMENT OF THE SENIOR EXECUTIVE MANAGEMENT INCENTIVE PLAN.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: HARRIS CORPORATION MEETING DATE: 10/22/2004
TICKER: HRS     SECURITY ID: 413875105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HOWARD L. LANCE AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS A. DATTILO AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES C. STOFFEL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: HEXCEL CORPORATION MEETING DATE: 05/19/2005
TICKER: HXL     SECURITY ID: 428291108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOEL S. BECKMAN AS A DIRECTOR	Management	For	For
1.2	ELECT H. ARTHUR BELLOWS, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID E. BERGES AS A DIRECTOR	Management	For	For
1.4	ELECT JEFFREY C. CAMPBELL AS A DIRECTOR	Management	For	For
1.5	ELECT SANDRA L. DERICKSON AS A DIRECTOR	Management	For	For
1.6	ELECT JAMES J. GAFFNEY AS A DIRECTOR	Management	For	For
1.7	ELECT SANJEEV K. MEHRA AS A DIRECTOR	Management	For	For
1.8	ELECT PETER M. SACERDOTE AS A DIRECTOR	Management	For	For
1.9	ELECT ROBERT J. SMALL AS A DIRECTOR	Management	For	For
1.10	ELECT MARTIN L. SOLOMON AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE HEXCEL CORPORATION MANAGEMENT INCENTIVE COMPENSATION PLAN.	Management	For	For
3	APPROVAL OF THE HEXCEL CORPORATION 2003 INCENTIVE STOCK PLAN.	Management	For	For
4	PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For

ISSUER NAME: HONEYWELL INTERNATIONAL INC. MEETING DATE: 04/25/2005
TICKER: HON     SECURITY ID: 438516106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARSHALL N. CARTER AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID M. COTE AS A DIRECTOR	Management	For	For
1.3	ELECT BRADLEY T. SHEARES AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN R. STAFFORD AS A DIRECTOR	Management	For	For
1.5	ELECT MICHAEL W. WRIGHT AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF INDEPENDENT ACCOUNTANTS	Management	For	For
3	PROPOSAL TO AMEND THE RESTATED CERTIFICATE OF INCORPORATION AND BY-LAWS TO ELIMINATE THE CLASSIFIED STRUCTURE OF THE BOARD OF DIRECTORS	Management	For	For
4	PROPOSAL TO AMEND THE RESTATED CERTIFICATE OF INCORPORATION AND BY-LAWS TO ELIMINATE SUPERMAJORITY VOTING PROVISIONS	Management	For	For
5	MAJORITY VOTE SHAREHOLDER COMMITTEE	Shareholder	Against	Against
6	SEPARATION OF CHAIRMAN/CEO	Shareholder	Against	Against
7	EXECUTIVE PAY DISPARITY REPORT	Shareholder	Against	Against
8	EXECUTIVE COMPENSATION LIMIT	Shareholder	Against	Against
9	COMMONSENSE EXECUTIVE COMPENSATION FRAMEWORK PROPOSAL	Shareholder	Against	Against

ISSUER NAME: L-3 COMMUNICATIONS HOLDINGS, INC. MEETING DATE: 04/26/2005
TICKER: LLL     SECURITY ID: 502424104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FRANK C. LANZA AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN M. SHALIKASHVILI AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN P. WHITE AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: LOCKHEED MARTIN CORPORATION MEETING DATE: 04/28/2005
TICKER: LMT     SECURITY ID: 539830109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT E.C."PETE"ALDRIDGE, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT NOLAN D. ARCHIBALD AS A DIRECTOR	Management	For	For
1.3	ELECT MARCUS C. BENNETT AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES O. ELLIS, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT GWENDOLYN S. KING AS A DIRECTOR	Management	For	For
1.6	ELECT DOUGLAS H. MCCORKINDALE AS A DIRECTOR	Management	For	For
1.7	ELECT EUGENE F. MURPHY AS A DIRECTOR	Management	For	For
1.8	ELECT JOSEPH W. RALSTON AS A DIRECTOR	Management	For	For
1.9	ELECT FRANK SAVAGE AS A DIRECTOR	Management	For	For
1.10	ELECT ANNE STEVENS AS A DIRECTOR	Management	For	For
1.11	ELECT ROBERT J. STEVENS AS A DIRECTOR	Management	For	For
1.12	ELECT JAMES R. UKROPINA AS A DIRECTOR	Management	For	For
1.13	ELECT DOUGLAS C. YEARLEY AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For
3	MANAGEMENT PROPOSAL-AMENDMENTS TO THE 2003 PERFORMANCE INCENTIVE AWARD PLAN	Management	For	For
4	STOCKHOLDER PROPOSAL BY EVELYN Y. DAVIS	Shareholder	Against	Against
5	STOCKHOLDER PROPOSAL BY JOHN CHEVEDDEN	Shareholder	Against	Against
6	STOCKHOLDER PROPOSAL BY THE CATHOLIC FUNDS AND OTHER GROUPS	Shareholder	Against	Against
7	STOCKHOLDER PROPOSAL BY THE SISTERS OF MERCY AND OTHER GROUPS	Shareholder	Against	Against

ISSUER NAME: MERCURY COMPUTER SYSTEMS, INC. MEETING DATE: 11/15/2004
TICKER: MRCY     SECURITY ID: 589378108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DR. ALBERT P BELLE ISLE AS A DIRECTOR	Management	For	For
1.2	ELECT LEE C. STEELE AS A DIRECTOR	Management	For	For
1.3	ELECT DR. RICHARD P. WISHNER AS A DIRECTOR	Management	For	For
2	TO APPROVE AN AMENDMENT TO THE MERCURY COMPUTER SYSTEMS, INC. 1997 STOCK OPTION PLAN TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE THEREUNDER BY 1,000,000 SHARES, FROM 7,650,000 SHARES TO 8,650,000 SHARES.	Management	For	Against
3	TO APPROVE AN AMENDMENT TO THE MERCURY COMPUTER SYSTEMS, INC. ARTICLES OF ORGANIZATION TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE THEREUNDER BY 20,000,000 SHARES, FROM 65,000,000 SHARES TO 85,000,000 SHARES.	Management	For	For

ISSUER NAME: NORTHROP GRUMMAN CORPORATION MEETING DATE: 05/17/2005
TICKER: NOC     SECURITY ID: 666807102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PHILLIP FROST AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN B. SLAUGHTER AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITOR.1	Management	For	For
3	PROPOSAL TO AMEND THE COMPANY S RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR ANNUAL ELECTION OF DIRECTORS.	Management	For	For
4	PROPOSAL TO AMEND THE 1993 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS TO INCREASE THE NUMBER OF SHARES AVAILABLE.	Management	For	For
5	SHAREHOLDER PROPOSAL REGARDING THE SIMPLE MAJORITY VOTE.	Shareholder	Against	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ORBITAL SCIENCES CORPORATION MEETING DATE: 04/28/2005
TICKER: ORB     SECURITY ID: 685564106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DANIEL J. FINK AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT J. HERMANN AS A DIRECTOR	Management	For	For
1.3	ELECT JANICE I. OBUCHOWSKI AS A DIRECTOR	Management	For	For
1.4	ELECT FRANK L. SALIZZONI AS A DIRECTOR	Management	For	For
2	TO APPROVE THE ADOPTION OF THE ORBITAL SCIENCES CORPORATION 2005 STOCK INCENTIVE PLAN.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.	Management	For	For

ISSUER NAME: PANAMSAT CORPORATION MEETING DATE: 08/13/2004
TICKER: SPOT     SECURITY ID: 697933109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	A PROPOSAL TO ADOPT THE TRANSACTION AGREEMENT BY AND AMONG PANAMSAT CORPORATION, THE DIRECTV GROUP, INC., PAS MERGER SUB, INC., AND CONSTELLATION, LLC, AN ACQUISITION VEHICLE AFFILIATED WITH KOHLBERG KRAVIS ROBERTS & CO. L.P., PURSUANT TO WHICH, AMONG OTHER THINGS, PAS MERGER SUB, INC. WILL MERGE WITH AND INTO PANAMSAT CORPORATION.1	Management	For	For
2.1	ELECT MR. CAREY AS A DIRECTOR	Management	For	For
2.2	ELECT MR. CHURCHILL AS A DIRECTOR	Management	For	For
2.3	ELECT MR. COSTELLO AS A DIRECTOR	Management	For	For
2.4	ELECT MR. DOYLE AS A DIRECTOR	Management	For	For
2.5	ELECT MR. HARTENSTEIN AS A DIRECTOR	Management	For	For
2.6	ELECT MR. HIGHTOWER AS A DIRECTOR	Management	For	For
2.7	ELECT MR. HOAK AS A DIRECTOR	Management	For	For
2.8	ELECT MR. HUNTER AS A DIRECTOR	Management	For	For
2.9	ELECT MR. KAHN AS A DIRECTOR	Management	For	For
2.10	ELECT MR. WRIGHT AS A DIRECTOR	Management	For	For
3	RATIFICATION OF SELECTION OF DELOITTE & TOUCHE LLP AS INDEPENDENT PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PRECISION CASTPARTS CORP. MEETING DATE: 08/11/2004
TICKER: PCP     SECURITY ID: 740189105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PETER R. BRIDENBAUGH AS A DIRECTOR	Management	For	For
1.2	ELECT STEVEN G. ROTHMEIER AS A DIRECTOR	Management	For	For
1.3	ELECT J. FRANK TRAVIS AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For

ISSUER NAME: RAYTHEON COMPANY MEETING DATE: 05/04/2005
TICKER: RTN     SECURITY ID: 755111507
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BARBARA M. BARRETT AS A DIRECTOR	Management	For	For
1.2	ELECT FREDERIC M. POSES AS A DIRECTOR	Management	For	For
1.3	ELECT LINDA G. STUNTZ AS A DIRECTOR	Management	For	For
2	RATIFICATION OF INDEPENDENT AUDITORS	Management	For	For
3	AMENDMENT TO CERTIFICATE OF INCORPORATION TO DECLASSIFY THE BOARD OF DIRECTORS	Management	For	For
4	AMENDMENTS TO 2001 STOCK PLAN	Management	For	Against
5	AMENDMENTS TO 1997 NONEMPLOYEE DIRECTORS RESTRICTED STOCK PLAN	Management	For	Against
6	MACBRIDE PRINCIPLES	Shareholder	Against	Against
7	MAJORITY VOTING FOR DIRECTORS	Shareholder	Against	Against
8	ELECT RETIREE AS DIRECTOR	Shareholder	Against	Against

ISSUER NAME: REMEC, INC. MEETING DATE: 05/18/2005
TICKER: --     SECURITY ID: 759543101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE THE SALE OF REMEC DEFENSE & SPACE PURSUANT TO THE MERGER AGREEMENT1	Management	For	For
2	APPROVE THE RECLASSIFICATION OF REMEC, INC. S COMMON STOCK BY AUTHORIZING THE CERTIFICATE OF AMENDMENT TO REMEC, INC. S RESTATED ARTICLES OF INCORPORATION.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ROCKWELL COLLINS, INC. MEETING DATE: 02/15/2005
TICKER: COL     SECURITY ID: 774341101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT M.P.C. CARNS AS A DIRECTOR	Management	For	For
1.2	ELECT C.A. DAVIS AS A DIRECTOR	Management	For	For
1.3	ELECT J.F. TOOT, JR. AS A DIRECTOR	Management	For	For
2	THE SELECTION OF DELOITTE & TOUCHE LLP AS OUR AUDITORS FOR FISCAL YEAR 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SRA INTERNATIONAL, INC. MEETING DATE: 10/29/2004
TICKER: SRX     SECURITY ID: 78464R105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL R. KLEIN AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID H. LANGSTAFF AS A DIRECTOR	Management	For	For
1.3	ELECT ERNST VOLGENAU AS A DIRECTOR	Management	For	For
2	TO APPROVE THE ADOPTION OF THE SRA INTERNATIONAL, INC. 2004 EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
3	TO RATIFY THE SELECTION BY THE AUDIT COMMITTEE OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING JUNE 30, 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: THE BOEING COMPANY MEETING DATE: 05/02/2005
TICKER: BA     SECURITY ID: 097023105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KENNETH M. DUBERSTEIN AS A DIRECTOR	Management	For	For
1.2	ELECT W. JAMES MCNERNEY, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT LEWIS E. PLATT AS A DIRECTOR	Management	For	For
1.4	ELECT MIKE S. ZAFIROVSKI AS A DIRECTOR	Management	For	For
2	ADVISE ON APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS.1	Management	For	For
3	ADOPT HUMAN RIGHTS POLICIES.	Shareholder	Against	Against
4	PREPARE A REPORT ON MILITARY CONTRACTS.	Shareholder	Against	Against
5	PREPARE A REPORT ON POLITICAL CONTRIBUTIONS.	Shareholder	Against	Against
6	DECLASSIFY THE BOARD OF DIRECTORS.	Shareholder	Against	For
7	ADOPT SIMPLE MAJORITY VOTE.	Shareholder	Against	For
8	CREATE A MAJORITY VOTE SHAREHOLDER COMMITTEE.	Shareholder	Against	Against
9	REQUIRE AN INDEPENDENT BOARD CHAIRMAN.	Shareholder	Against	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: THE DIRECTV GROUP, INC. MEETING DATE: 06/01/2005
TICKER: DTV     SECURITY ID: 25459L106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RALPH F. BOYD, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES M. CORNELIUS AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID F. DEVOE AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS	Management	For	For

ISSUER NAME: THE TITAN CORPORATION MEETING DATE: 06/07/2005
TICKER: TTN     SECURITY ID: 888266103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL B. ALEXANDER AS A DIRECTOR	Management	For	For
1.2	ELECT EDWARD H. BERSOFF AS A DIRECTOR	Management	For	For
1.3	ELECT JOSEPH F. CALIGIURI AS A DIRECTOR	Management	For	For
1.4	ELECT PETER A. COHEN AS A DIRECTOR	Management	For	For
1.5	ELECT SUSAN GOLDING AS A DIRECTOR	Management	For	For
1.6	ELECT ROBERT M. HANISEE AS A DIRECTOR	Management	For	For
1.7	ELECT ROBERT E. LA BLANC AS A DIRECTOR	Management	For	For
1.8	ELECT ANTHONY J. PRINCIPI AS A DIRECTOR	Management	For	For
1.9	ELECT GENE W. RAY AS A DIRECTOR	Management	For	For
1.10	ELECT JAMES ROTH AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF KPMG LLP AS THE COMPANY S AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.	Management	For	For

ISSUER NAME: TRIMBLE NAVIGATION LIMITED MEETING DATE: 05/19/2005
TICKER: TRMB     SECURITY ID: 896239100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEVEN W. BERGLUND AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT S. COOPER AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN B. GOODRICH AS A DIRECTOR	Management	For	For
1.4	ELECT WILLIAM HART AS A DIRECTOR	Management	For	For
1.5	ELECT ULF J. JOHANSSON AS A DIRECTOR	Management	For	For
1.6	ELECT BRADFORD W. PARKINSON AS A DIRECTOR	Management	For	For
1.7	ELECT NICKOLAS W. VANDE STEEG AS A DIRECTOR	Management	For	For
2	TO APPROVE AN AMENDMENT TO THE COMPANY S 2002 STOCK PLAN TO ALLOW THE GRANTING OF STOCK AWARDS THEREUNDER.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE CURRENT FISCAL YEAR ENDING DECEMBER 30, 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: TRIUMPH GROUP, INC. MEETING DATE: 07/12/2004
TICKER: TGI     SECURITY ID: 896818101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD C. ILL AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN R. BARTHOLDSON AS A DIRECTOR	Management	For	For
1.3	ELECT RICHARD C. GOZON AS A DIRECTOR	Management	For	For
1.4	ELECT CLAUDE F. KRONK AS A DIRECTOR	Management	For	For
1.5	ELECT JOSEPH M. SILVESTRI AS A DIRECTOR	Management	For	For
1.6	ELECT WILLIAM O. ALBERTINI AS A DIRECTOR	Management	For	For
1.7	ELECT GEORGE S. SIMPSON AS A DIRECTOR	Management	For	For
1.8	ELECT TERRY D. STINSON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS.1	Management	For	For
3	APPROVAL OF THE TRIUMPH GROUP, INC. 2004 STOCK INCENTIVE PLAN.	Management	For	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: UNITED DEFENSE INDUSTRIES, INC. MEETING DATE: 05/10/2005
TICKER: UDI     SECURITY ID: 91018B104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO ADOPT THE AGREEMENT AND PLAN OF MERGER DATED AS OF MARCH 6, 2005, AMONG THE COMPANY, BAE SYSTEMS NORTH AMERICA INC., A DELAWARE CORPORATION, AND UTE ACQUISITION COMPANY INC., A DELAWARE CORPORATION AND A WHOLLY OWNED SUBSIDIARY OF BAE SYSTEMS NORTH AMERICA INC.	Management	For	For
2.1	ELECT FRANK C. CARLUCCI AS A DIRECTOR	Management	For	For
2.2	ELECT PETER J. CLARE AS A DIRECTOR	Management	For	For
2.3	ELECT WILLIAM E. CONWAY, JR. AS A DIRECTOR	Management	For	For
2.4	ELECT C. THOMAS FAULDERS, III AS A DIRECTOR	Management	For	For
2.5	ELECT ROBERT J. NATTER AS A DIRECTOR	Management	For	For
2.6	ELECT J.H. BINFORD PEAY, III AS A DIRECTOR	Management	For	For
2.7	ELECT THOMAS W. RABAUT AS A DIRECTOR	Management	For	For
2.8	ELECT FRANCIS RABORN AS A DIRECTOR	Management	For	For
2.9	ELECT JOHN M. SHALIKASHVILI AS A DIRECTOR	Management	For	For
3	TO GRANT DISCRETIONARY AUTHORITY TO ADJOURN THE ANNUAL MEETING, IF NECESSARY, FOR THE PURPOSE OF SOLICITING ADDITIONAL PROXIES.	Management	For	Abstain

ISSUER NAME: UNITED TECHNOLOGIES CORPORATION MEETING DATE: 04/13/2005
TICKER: UTX     SECURITY ID: 913017109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GEORGE DAVID AS A DIRECTOR	Management	For	For
1.2	ELECT JEAN-PIERRE GARNIER AS A DIRECTOR	Management	For	For
1.3	ELECT JAMIE S. GORELICK AS A DIRECTOR	Management	For	For
1.4	ELECT CHARLES R. LEE AS A DIRECTOR	Management	For	For
1.5	ELECT RICHARD D. MCCORMICK AS A DIRECTOR	Management	For	For
1.6	ELECT HAROLD MCGRAW III AS A DIRECTOR	Management	For	For
1.7	ELECT FRANK P. POPOFF AS A DIRECTOR	Management	For	For
1.8	ELECT H. PATRICK SWYGERT AS A DIRECTOR	Management	For	For
1.9	ELECT ANDRE VILLENEUVE AS A DIRECTOR	Management	For	For
1.10	ELECT H.A. WAGNER AS A DIRECTOR	Management	For	For
1.11	ELECT CHRISTINE TODD WHITMAN AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For
3	APPROVAL OF UNITED TECHNOLOGIES CORPORATION 2005 LONG TERM INCENTIVE PLAN	Management	For	For
4	SHAREOWNER PROPOSAL CONCERNING DISCLOSURE OF EXECUTIVE COMPENSATION	Shareholder	Against	Against
5	SHAREOWNER PROPOSAL CONCERNING ETHICAL CRITERIA FOR MILITARY CONTRACTS	Shareholder	Against	Against
6	SHAREOWNER PROPOSAL CONCERNING CEO COMPENSATION	Shareholder	Against	Against

ISSUER NAME: VIASAT, INC. MEETING DATE: 09/09/2004
TICKER: VSAT     SECURITY ID: 92552V100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT B. ALLEN LAY AS A DIRECTOR	Management	For	For
1.2	ELECT DR. JEFFREY M. NASH AS A DIRECTOR	Management	For	For