497 1 main.htm

Supplement to the
Fidelity Advisor® Materials Fund
Institutional Class
April 29, 2015
Prospectus

Effective July 1, 2015, Institutional Class will be renamed Class I. The features and policies of the class will not change.

AMFI-15-01		June 1, 2015
1.855559.110

Supplement to the
Fidelity Advisor® International Real Estate Fund
Institutional Class
September 29, 2014
Prospectus

Effective July 1, 2015, Institutional Class will be renamed Class I. The features and policies of the class will not change.

AIREI-15-01		June 1, 2015
1.855554.110

Supplement to the Fidelity Advisor® Consumer Staples Fund
Institutional Class
April 29, 2014
Prospectus

Effective July 1, 2015, Institutional Class will be renamed Class I. The features and policies of the class will not change.

ACSFI-15-01		June 1, 2015
1.855552.109

Supplement to the
Fidelity Advisor® Gold Fund
Institutional Class
April 29, 2015
Prospectus

Effective July 1, 2015, Institutional Class will be renamed Class I. The features and policies of the class will not change.

AGLDI-15-01		June, 1 2015
1.853418.111

Supplement to the

 

Class A

Class T

Class B

Class C

Institutional
Class

Fidelity Advisor® Consumer Staples Fund

FDAGX

FDTGX

FDBGX

FDCGX

FDIGX

Fidelity Advisor Gold Fund

FGDAX

FGDTX

FGDBX

FGDCX

FGDIX

Fidelity Advisor Materials Fund

FMFAX

FMFTX

FMFBX

FMFCX

FMFEX

Fidelity Advisor Telecommunications Fund

FTUAX

FTUTX

FTUBX

FTUCX

FTUIX

Fidelity Advisor Consumer Staples Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Consumer Staples Portfolio; Fidelity Advisor Gold Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Gold Portfolio; Fidelity Advisor Materials Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Materials Portfolio; and Fidelity Advisor Telecommunications Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Telecommunications Portfolio

Funds of Fidelity Select Portfolios

STATEMENT OF ADDITIONAL INFORMATION

April 29, 2015

Effective July 1, 2015, Institutional Class will be renamed Class I. The features and policies of this class will not change.

FASFB-15-01		June 1, 2015
1.848947.113

Supplement to the

Fidelity Advisor® International Real Estate Fund

Class A (FIRAX), Class T (FIRTX), Class B (FIRBX), Class C (FIRCX), and Institutional Class (FIRIX)

Classes of shares of Fidelity® International Real Estate Fund

A Fund of Fidelity Select Portfolios

STATEMENT OF ADDITIONAL INFORMATION

September 29, 2014

Effective July 1, 2015, Institutional Class will be renamed Class I. The features and policies of the class will not change.

The following information replaces similar information found in the "Trustees and Officers" section on page 42.

The following table sets forth information describing the dollar range of equity securities beneficially owned by each Trustee in the fund and in all funds in the aggregate within the same fund family overseen by the Trustee for the calendar year ended December 31, 2013 (or as of March 31, 2014 for Mr. Hogan, Trustee as of March 18, 2014).

Interested Trustee

DOLLAR RANGE OF
FUND SHARES

Brian B. Hogan

 

The fund

none

 

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

 

Independent Trustees

DOLLAR RANGE OF
FUND SHARES

David A. Rosow

Garnett A. Smith

Michael E. Wiley

The fund

none

none

none

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

$10,001 - $50,000

over $100,000

AIRE-AIREIB-15-01		June 1, 2015
1.881503.106