-----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, A0zhrSyIPB2R2Y4HhQ5MORhCGFlZ5tC7rXjcd+uqL+iOrdE2PrO2By/pYFOkwKjM r+4JzpUhsqFo3izQqQ6/og== 0000880195-07-000162.txt : 20070629 0000880195-07-000162.hdr.sgml : 20070629 20070629160419 ACCESSION NUMBER: 0000880195-07-000162 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070629 DATE AS OF CHANGE: 20070629 EFFECTIVENESS DATE: 20070629 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: 07950967 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 0000320351 S000007463 Consumer Staples Portfolio C000040616 Fidelity Advisor Consumer Staples Fund: Class A C000040617 Fidelity Advisor Consumer Staples Fund: Class B C000040618 Fidelity Advisor Consumer Staples Fund: Class C C000040619 Fidelity Advisor Consumer Staples Fund: Class T C000040620 Fidelity Advisor Consumer Staples Fund: Institutional Class 0000320351 S000007465 Gold Portfolio C000040621 Fidelity Advisor Gold Fund: Institutional Class C000040622 Fidelity Advisor Gold Fund: Class A C000040623 Fidelity Advisor Gold Fund: Class B C000040624 Fidelity Advisor Gold Fund: Class C C000040625 Fidelity Advisor Gold Fund: Class T 0000320351 S000007469 Materials Portfolio C000040626 Fidelity Advisor Materials Fund: Class A C000040627 Fidelity Advisor Materials Fund: Class B C000040628 Fidelity Advisor Materials Fund: Class C C000040629 Fidelity Advisor Materials Fund: Class T C000040630 Fidelity Advisor Materials Fund: Institutional Class 0000320351 S000007485 Telecommunications Portfolio C000040631 Fidelity Advisor Telecommunications Fund: Class A C000040632 Fidelity Advisor Telecommunications Fund: Class B C000040633 Fidelity Advisor Telecommunications Fund: Class C C000040634 Fidelity Advisor Telecommunications Fund: Class T C000040635 Fidelity Advisor Telecommunications Fund: Institutional Class 497 1 main.htm

Supplement to the

Fidelity Advisor Consumer Staples Fund
Class A, Class T, Class B, Class C, and Institutional Class
Classes of Consumer Staples Portfolio

Fidelity Advisor Gold Fund
Class A, Class T, Class B, Class C, and Institutional Class
Classes of Gold Portfolio

Fidelity Advisor Materials Fund
Class A, Class T, Class B, Class C, and Institutional Class
Classes of Materials Portfolio

Fidelity Advisor Telecommunications Fund
Class A, Class T, Class B, Class C, and Institutional Class
Classes of Telecommunications Portfolio

Funds of Fidelity® Select Portfolios®

STATEMENT OF ADDITIONAL INFORMATION

April 28, 2007

The following information supplements the information found in the "Management Contracts" section beginning on page 33.

The following table provides information relating to other accounts managed by Mr. Fischer as of April 30, 2007:

Registered
Investment
Company*

Other Pooled
Investment
Vehicle

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)

$ 758

none

none

Assets Managed with Performance-Based Advisory Fees (in millions)

none

none

none

* Includes Materials Portfolio ($326 (in millions) assets managed).

The following information replaces similar information found in the "Fund Holdings Information" section on page 46.

Each fund will provide a full list of holdings monthly on www.advisor.fidelity.com 30 days after the month-end (excluding high income security holdings, which generally will be presented as an aggregate position monthly and included in a list of full holdings 60 days after its fiscal quarter end).

FASFB-07-01 June 29, 2007
1.848947.100

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