FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

INVESTMENT COMPANY ACT FILE NUMBER: 811-01352

EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Devonshire Trust

Fund Name: Fidelity Real Estate Investment 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: JULY 31

DATE OF REPORTING PERIOD: 06/30/2006

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 Devonshire Trust

BY:  /s/ CHRISTINE REYNOLDS*
CHRISTINE REYNOLDS, PRESIDENT AND TREASURER
DATE: 08/10/2006 10:00:56 AM

*BY:  /s/ CLAIRE S. WALPOLE
CLAIRE S. WALPOLE, VICE PRESIDENT, FIDELITY MANAGEMENT & RESEARCH COMPANY, PURSUANT TO A POWER OF ATTORNEY DATED JULY 31, 2006 AND FILED HEREWITH.

EXHIBIT A

VOTE SUMMARY REPORT
Fidelity Real Estate Investment Portfolio
07/01/2005 - 06/30/2006

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: AMERICAN CAMPUS COMMUNITIES, INC. MEETING DATE: 05/11/2006
TICKER: ACC     SECURITY ID: 024835100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM C. BAYLESS JR. AS A DIRECTOR	Management	For	For
1.2	ELECT R.D. BURCK AS A DIRECTOR	Management	For	For
1.3	ELECT G. STEVEN DAWSON AS A DIRECTOR	Management	For	For
1.4	ELECT CYDNEY DONNELL AS A DIRECTOR	Management	For	For
1.5	ELECT MICHAEL J. HENNEMAN AS A DIRECTOR	Management	For	For
1.6	ELECT EDWARD LOWENTHAL AS A DIRECTOR	Management	For	For
1.7	ELECT BRIAN B. NICKEL AS A DIRECTOR	Management	For	For
1.8	ELECT SCOTT H. RECHLER AS A DIRECTOR	Management	For	For
1.9	ELECT WINSTON W. WALKER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF ERNST & YOUNG AS OUR INDEPENDENT AUDITORS FOR 2006	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: APARTMENT INVESTMENT AND MANAGEMENT MEETING DATE: 05/10/2006
TICKER: AIV     SECURITY ID: 03748R101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT TERRY CONSIDINE AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES N. BAILEY AS A DIRECTOR	Management	For	For
1.3	ELECT RICHARD S. ELLWOOD AS A DIRECTOR	Management	For	For
1.4	ELECT J. LANDIS MARTIN AS A DIRECTOR	Management	For	For
1.5	ELECT THOMAS L. RHODES AS A DIRECTOR	Management	For	For
1.6	ELECT MICHAEL A. STEIN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP TO SERVE AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR AIMCO FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
3	TO APPROVE THE SALE OF HIGH PERFORMANCE UNITS.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: AVALONBAY COMMUNITIES, INC. MEETING DATE: 05/17/2006
TICKER: AVB     SECURITY ID: 053484101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BRYCE BLAIR AS A DIRECTOR	Management	For	For
1.2	ELECT BRUCE A. CHOATE AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN J. HEALY, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT GILBERT M. MEYER AS A DIRECTOR	Management	For	For
1.5	ELECT TIMOTHY J. NAUGHTON AS A DIRECTOR	Management	For	For
1.6	ELECT LANCE R. PRIMIS AS A DIRECTOR	Management	For	For
1.7	ELECT H. JAY SARLES AS A DIRECTOR	Management	For	For
1.8	ELECT ALLAN D. SCHUSTER AS A DIRECTOR	Management	For	For
1.9	ELECT AMY P. WILLIAMS AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BABIS VOVOS SA MEETING DATE: 07/18/2005
TICKER: --     SECURITY ID: X0281R104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE TO COMPLETE THE COMPANY S BUSINESS GOAL FOR CONSTRUCTING HOTELS AND TOURISTIC BUILDINGS AND EXPANDING OVERSEAS WITH RELEVANT MODIFICATION TO THE ARTICLE 4 OF THE COMPANY S ARTICLES OF ASSOCIATION	Management	Unknown	Take No Action
2	AMEND THE COMPANY S SEAT AND ARTICLE 2 OF THE COMPANY S ARTICLES OF ASSOCIATION	Management	Unknown	Take No Action
3	MISCELLANEOUS ANNOUNCEMENTS	Management	Unknown	Take No Action
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BABIS VOVOS SA MEETING DATE: 06/29/2006
TICKER: --     SECURITY ID: X0281R104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	PLEASE NOTE THAT THIS IS AN OGM. THANK YOU.	N/A	N/A	N/A
2	APPROVE THE ANNUAL FINANCIAL STATEMENTS FOR THE FY 2005, PROFITS DISTRIBUTIONAND DIVIDEND PAYMENT OF EUR 0.40 PER SHARE	Management	Unknown	Take No Action
3	GRANT DISCHARGE TO THE BOARD OF DIRECTOR MEMBERS AND THE AUDITORS FROM ANY LIABILITY FOR INDEMNITY FOR THE FY 2005	Management	Unknown	Take No Action
4	ELECT THE CHARTERED AUDITORS REGULAR AND SUBSTITUTE FOR THE FY 2006 AND DETERMINE THEIR REMUNERATION	Management	Unknown	Take No Action
5	ELECT THE NEW BOARD OF DIRECTOR AND SPECIFICATION OF THEIR CAPACITY	Management	Unknown	Take No Action
6	AUTHORIZE THE MEMBERS OF BOARD OF DIRECTORS, ACCORDING TO THE ARTICLE 23 PARAGRAPH 1 OF C.L. 2190/1920 AS CURRENTLY IN FORCE, FOR THEIR PARTICIPATION IN BOARD OF DIRECTORS OR IN THE MANAGEMENT OF VOVOS GROUP OF COMPANIES, PURSUING THE SAME OR SIMILAR BUSINESS GOALS	Management	Unknown	Take No Action
7	APPROVE THE BOARD OF DIRECTOR MEMBER FEE, ACCORDING TO THE ARTICLE 24 PARAGRAPH 2 OF C.L. 2190/1920 AS CURRENTLY IN FORCE, FOR RENDERING HIS SERVICES FOR THE FY 2005 AND PREAPPROVE THE BOARD OF DIRECTOR REMUNERATION FOR THE FY 2006	Management	Unknown	Take No Action
8	APPROVE TO CANCEL, ACCORDING TO THE ARTICLE 10 OF C.L. 2190/1920, THE DECISION MADE BY THE EGM ON 22 DEC 2005 FOR A REAL ESTATE PURCHASE	Management	Unknown	Take No Action
9	VARIOUS ANNOUNCEMENTS	Management	Unknown	Take No Action
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BOSTON PROPERTIES, INC. MEETING DATE: 05/03/2006
TICKER: BXP     SECURITY ID: 101121101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM M. DALEY AS A DIRECTOR	Management	For	For
1.2	ELECT EDWARD H. LINDE AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID A. TWARDOCK AS A DIRECTOR	Management	For	For
2	TO CONSIDER AND ACT UPON A STOCKHOLDER PROPOSAL CONCERNING THE ANNUAL ELECTION OF DIRECTORS, IF PROPERLY PRESENTED AT THE ANNUAL MEETING.	Shareholder	Against	For
3	TO CONSIDER AND ACT UPON A STOCKHOLDER PROPOSAL CONCERNING EXECUTIVE COMPENSATION, IF PROPERLY PRESENTED AT THE ANNUAL MEETING.	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CAPITAL & REGIONAL PLC MEETING DATE: 06/05/2006
TICKER: --     SECURITY ID: G18676109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ADOPT THE ACCOUNTS FOR THE PERIOD ENDED 30 DEC 2005 AND THE REPORTS OF THE DIRECTORS AND THE AUDITORS THEREON	Management	For	For
2	DECLARE A FINAL DIVIDEND OF 11P PER ORDINARY SHARE	Management	For	For
3	RE-APPOINT MR. W. SUNNUCKS AS A DIRECTOR OF THE COMPANY	Management	For	For
4	RE-APPOINT MR. P.Y. GERBEAU AS A DIRECTOR OF THE COMPANY	Management	For	For
5	RE-APPOINT MR. H. MAUTNER AS A DIRECTOR OF THE COMPANY	Management	For	For
6	RE-APPOINT MR. P. STOBART AS A DIRECTOR OF THE COMPANY	Management	For	For
7	RE-APPOINT DELOITTE & TOUCHE LLP AS THE AUDITORS FOR THE PERIOD PRESCRIBED BYSECTION 385(2) OF THE COMPANIES ACT 1985 AND AUTHORIZE THE DIRECTORS TO DETERMINE THEIR REMUNERATION FOR THE ENSURING YEAR	Management	For	For
8	APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE PERIOD ENDED 30 DEC 2005	Management	For	For
9	AUTHORIZE THE DIRECTORS, FOR THE PURPOSE OF SECTION 80 OF THE COMPANIES ACT 1985, TO ALLOT RELEVANT SECURITIES WITH IN THE MEANING OF THAT SECTION UP TO AN AGGREGATE NOMINAL AMOUNT OF GBP 2,366,682; AUTHORITY EXPIRES AT THE CONCLUSION OF THE AGM OF THE COMPANY IN 2007 ; AND THE COMPANY MAY ALLOT RELEVANT SECURITIES AFTER THE EXPIRY OF THIS AUTHORITY IN PURSUANCE OF SUCH AN OFFER OR AGREEMENT MADE PRIOR TO SUCH EXPIRY	Management	For	For
10	AUTHORIZE THE DIRECTORS, PURSUANT TO SECTION 95 OF THE COMPANIES ACT 1985, TOALLOT EQUITY SECURITIES WITHIN THE MEANING OF SECTION 94(2) TO SECTION 94(3A) OF THE SAID ACT FOR CASH PURSUANT TO THE AUTHORITY CONFERRED BY RESOLUTION 9, DISAPPLYING THE STATUTORY PRE-EMPTION RIGHTS SECTION 89(1) , PROVIDED THAT THIS POWER IS LIMITED TO THE ALLOTMENT OF EQUITY SECURITIES I) IN CONNECTION WITH A RIGHTS ISSUE, IN FAVOR OF HOLDERS OF ORDINARY SHAREHOLDERS OF 10 P EACH IN THE COMPANY; AND II) UP TO AN ...	Management	For	For
11	AUTHORIZE THE COMPANY, IN COMPLIANCE WITH SECTION 166 OF THE COMPANIES ACT 1985, TO MAKE MARKET PURCHASES OF UP TO 7,100,047 ORDINARY SHARES OF 10P EACH IN THE COMPANY, AT A MINIMUM PRICE OF 10P AND UP TO 105% ABOVE THE AVERAGE MIDDLE MARKET QUOTATIONS FOR SUCH SHARES DERIVED FROM THE LONDON STOCK EXCHANGE DAILY OFFICIAL LIST, OVER THE PREVIOUS 5 BUSINESS DAYS; AUTHORITY EXPIRES THE EARLIER OF THE CONCLUSION OF THE AGM OF THE COMPANY IN 2007 OR 15 MONTHS	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CAPITAL AUTOMOTIVE REIT MEETING DATE: 12/14/2005
TICKER: CARS     SECURITY ID: 139733109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE AGREEMENT AND PLAN OF MERGER, DATED AS OF SEPTEMBER 2, 2005, BY AND AMONG CAPITAL AUTOMOTIVE REIT, FLAG FUND V LLC, CA ACQUISITION REIT, CAPITAL AUTOMOTIVE L.P. AND CALP MERGER L.P., AND APPROVAL OF THE MERGER.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CATELLUS DEVELOPMENT CORPORATION MEETING DATE: 09/14/2005
TICKER: CDX     SECURITY ID: 149113102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ADOPTION OF THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JUNE 5, 2005, BY AND AMONG PROLOGIS, PALMTREE ACQUISITION CORPORATION AND CATELLUS DEVELOPMENT CORPORATION, AS AMENDED, PURSUANT TO WHICH CATELLUS WILL MERGE WITH AND INTO PALMTREE ACQUISITION CORPORATION.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CBL & ASSOCIATES PROPERTIES, INC. MEETING DATE: 05/08/2006
TICKER: CBL     SECURITY ID: 124830100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARTIN J. CLEARY AS A DIRECTOR	Management	For	For
1.2	ELECT MATTHEW S. DOMINSKI AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN N. FOY AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF DELOITTE & TOUCHE, LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE COMPANY S FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CEDAR SHOPPING CENTERS, INC. MEETING DATE: 06/13/2006
TICKER: CDR     SECURITY ID: 150602209
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES J. BURNS AS A DIRECTOR	Management	For	For
1.2	ELECT RICHARD HOMBURG AS A DIRECTOR	Management	For	For
1.3	ELECT PAUL G. KIRK, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT EVERETT B. MILLER, III AS A DIRECTOR	Management	For	For
1.5	ELECT LEO S. ULLMAN AS A DIRECTOR	Management	For	For
1.6	ELECT BRENDA J. WALKER AS A DIRECTOR	Management	For	For
1.7	ELECT ROGER M. WIDMANN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CENTERPOINT PROPERTIES TRUST MEETING DATE: 03/07/2006
TICKER: CNT     SECURITY ID: 151895109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	PROPOSAL TO APPROVE THE MERGER OF SOLSTICE MERGER TRUST WITH AND INTO CENTERPOINT PROPERTIES TRUST PURSUANT TO THE AGREEMENT AND PLAN OF MERGER, DATED AS OF DECEMBER 7, 2005, AS AMENDED BY THAT AMENDMENT TO AGREEMENT AND PLAN OF MERGER, DATED FEBRUARY 2, 2006, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CENTRACORE PROPERTIES TRUST MEETING DATE: 04/27/2006
TICKER: CPV     SECURITY ID: 15235H107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CLARENCE E. ANTHONY AS A DIRECTOR	Management	For	For
1.2	ELECT DONNA ARDUIN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF CENTRACORE PROPERTIES TRUST FOR THE FISCAL YEAR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: COLUMBIA EQUITY TRUST, INC. MEETING DATE: 05/12/2006
TICKER: COE     SECURITY ID: 197627102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT OLIVER T. CARR, III AS A DIRECTOR	Management	For	For
1.2	ELECT BRUCE M. JOHNSON AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT J. MCGOVERN AS A DIRECTOR	Management	For	For
1.4	ELECT REBECCA L. OWEN AS A DIRECTOR	Management	For	For
1.5	ELECT JOHN A. SCHISSEL AS A DIRECTOR	Management	For	For
1.6	ELECT HAL A. VASVARI AS A DIRECTOR	Management	For	For
1.7	ELECT THOMAS A. YOUNG, JR. AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: DEVELOPERS DIVERSIFIED REALTY CORP. MEETING DATE: 05/09/2006
TICKER: DDR     SECURITY ID: 251591103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DEAN S. ADLER AS A DIRECTOR	Management	For	For
1.2	ELECT TERRANCE R. AHERN AS A DIRECTOR	Management	For	For
1.3	ELECT MOHSEN ANVARI AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT H. GIDEL AS A DIRECTOR	Management	For	For
1.5	ELECT VICTOR B. MACFARLANE AS A DIRECTOR	Management	For	For
1.6	ELECT CRAIG MACNAB AS A DIRECTOR	Management	For	For
1.7	ELECT SCOTT D. ROULSTON AS A DIRECTOR	Management	For	For
1.8	ELECT BARRY A. SHOLEM AS A DIRECTOR	Management	For	For
1.9	ELECT WILLIAM B. SUMMERS, JR. AS A DIRECTOR	Management	For	For
1.10	ELECT SCOTT A. WOLSTEIN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR THE COMPANY S FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: DUKE REALTY CORPORATION MEETING DATE: 04/26/2006
TICKER: DRE     SECURITY ID: 264411505
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BARRINGTON H. BRANCH AS A DIRECTOR	Management	For	For
1.2	ELECT GEOFFREY BUTTON AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM CAVANAUGH III AS A DIRECTOR	Management	For	For
1.4	ELECT NGAIRE E. CUNEO AS A DIRECTOR	Management	For	For
1.5	ELECT CHARLES R. EITEL AS A DIRECTOR	Management	For	For
1.6	ELECT R. GLENN HUBBARD AS A DIRECTOR	Management	For	For
1.7	ELECT MARTIN C. JISCHKE AS A DIRECTOR	Management	For	For
1.8	ELECT L. BEN LYTLE AS A DIRECTOR	Management	For	For
1.9	ELECT WILLIAM O. MCCOY AS A DIRECTOR	Management	For	For
1.10	ELECT DENNIS D. OKLAK AS A DIRECTOR	Management	For	For
1.11	ELECT JACK R. SHAW AS A DIRECTOR	Management	For	For
1.12	ELECT ROBERT J. WOODWARD, JR. AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: EQUITY LIFESTYLE PROPERTIES, INC. MEETING DATE: 05/03/2006
TICKER: ELS     SECURITY ID: 29472R108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DONALD S. CHISHOLM AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS E. DOBROWSKI AS A DIRECTOR	Management	For	For
1.3	ELECT THOMAS P. HENEGHAN AS A DIRECTOR	Management	For	For
1.4	ELECT PHILIP C. CALIAN AS A DIRECTOR	Management	For	For
1.5	ELECT SHELI Z. ROSENBERG AS A DIRECTOR	Management	For	For
1.6	ELECT HOWARD WALKER AS A DIRECTOR	Management	For	For
1.7	ELECT GARY L. WATERMAN AS A DIRECTOR	Management	For	For
1.8	ELECT SAMUEL ZELL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF SELECTION OF INDEPENDENT ACCOUNTANTS PROPOSAL TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: EQUITY OFFICE PROPERTIES TRUST MEETING DATE: 05/24/2006
TICKER: EOP     SECURITY ID: 294741103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARILYN A. ALEXANDER AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS E. DOBROWSKI AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM M. GOODYEAR AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES D. HARPER, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT RICHARD D. KINCAID AS A DIRECTOR	Management	For	For
1.6	ELECT SHELI Z. ROSENBERG AS A DIRECTOR	Management	For	For
1.7	ELECT STEPHEN I. SADOVE AS A DIRECTOR	Management	For	For
1.8	ELECT SALLY SUSMAN AS A DIRECTOR	Management	For	For
1.9	ELECT J.H.W.R. VAN DER VLIST AS A DIRECTOR	Management	For	For
1.10	ELECT SAMUEL ZELL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE AUDIT COMMITTEE S APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: EQUITY RESIDENTIAL MEETING DATE: 05/25/2006
TICKER: EQR     SECURITY ID: 29476L107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN W. ALEXANDER AS A DIRECTOR	Management	For	For
1.2	ELECT CHARLES L. ATWOOD AS A DIRECTOR	Management	For	For
1.3	ELECT STEPHEN O. EVANS AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES D. HARPER, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT BOONE A. KNOX AS A DIRECTOR	Management	For	For
1.6	ELECT DAVID J. NEITHERCUT AS A DIRECTOR	Management	For	For
1.7	ELECT DESIREE G. ROGERS AS A DIRECTOR	Management	For	For
1.8	ELECT SHELI Z. ROSENBERG AS A DIRECTOR	Management	For	For
1.9	ELECT GERALD A. SPECTOR AS A DIRECTOR	Management	For	For
1.10	ELECT B. JOSEPH WHITE AS A DIRECTOR	Management	For	For
1.11	ELECT SAMUEL ZELL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITOR FOR THE YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: FIDELITY CASH CENTRAL FUND MEETING DATE: 02/15/2006
TICKER: --     SECURITY ID: 31635A105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DENNIS J. DIRKS AS A DIRECTOR	Management	For	For
1.2	ELECT ALBERT R. GAMPER, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT M. GATES AS A DIRECTOR	Management	For	For
1.4	ELECT GEORGE H. HEILMEIER AS A DIRECTOR	Management	For	For
1.5	ELECT EDWARD C. JOHNSON 3D AS A DIRECTOR	Management	For	For
1.6	ELECT STEPHEN P. JONAS AS A DIRECTOR	Management	For	For
1.7	ELECT MARIE L. KNOWLES AS A DIRECTOR	Management	For	For
1.8	ELECT NED C. LAUTENBACH AS A DIRECTOR	Management	For	For
1.9	ELECT WILLIAM O. MCCOY AS A DIRECTOR	Management	For	For
1.10	ELECT ROBERT L. REYNOLDS AS A DIRECTOR	Management	For	For
1.11	ELECT CORNELIA M. SMALL AS A DIRECTOR	Management	For	For
1.12	ELECT WILLIAM S. STAVROPOULOS AS A DIRECTOR	Management	For	For
1.13	ELECT KENNETH L. WOLFE AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: FOREST CITY ENTERPRISES, INC. MEETING DATE: 06/15/2006
TICKER: FCEA     SECURITY ID: 345550107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL P. ESPOSITO, JR AS A DIRECTOR	Management	For	For
1.2	ELECT JOAN K. SHAFRAN AS A DIRECTOR	Management	For	For
1.3	ELECT LOUIS STOKES AS A DIRECTOR	Management	For	For
1.4	ELECT STAN ROSS AS A DIRECTOR	Management	For	For
2	TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS A COMMON STOCK.	Management	For	For
3	TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS B COMMON STOCK.	Management	For	Against
4	TO ELIMINATE CERTAIN CLASS VOTING RIGHTS.	Management	For	Against
5	TO ELIMINATE REFERENCE TO CLASS A COMMON STOCK PREFERENCE DIVIDEND.	Management	For	Against
6	TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF PREFERRED STOCK.	Management	For	Against
7	AMENDMENT OF THE AMENDED ARTICLES OF INCORPORATION RELATING TO THE EXPRESS TERMS OF THE PREFERRED STOCK.	Management	For	Against
8	TO MODERNIZE THE REGULATIONS IN LIGHT OF CHANGES TO THE OHIO GENERAL CORPORATION LAW.	Management	For	Against
9	TO ESTABLISH THE SIZE OF THE BOARD OF DIRECTORS BY THE SHAREHOLDERS.	Management	For	Against
10	AMENDMENT OF THE CODE OF REGULATIONS REGARDING NOMINATION PROCEDURES FOR DIRECTORS.	Management	For	Against
11	AMENDMENT OF THE CODE OF REGULATIONS REGARDING THE OFFICES AND OFFICERS OF THE COMPANY.	Management	For	Against
12	AMENDMENT OF THE CODE OF REGULATIONS REGARDING INDEMNIFICATION PROVISIONS.	Management	For	Against
13	AMENDMENT OF THE CODE OF REGULATIONS REGARDING ISSUANCE OF UNCERTIFICATED SHARES.	Management	For	Against
14	THE RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE FISCAL YEAR ENDING JANUARY 31, 2007.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: GENERAL GROWTH PROPERTIES, INC. MEETING DATE: 05/16/2006
TICKER: GGP     SECURITY ID: 370021107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ADAM METZ AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT MICHAELS AS A DIRECTOR	Management	For	For
1.3	ELECT THOMAS NOLAN AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN RIORDAN AS A DIRECTOR	Management	For	For
2	AMENDMENT OF THE 2003 INCENTIVE STOCK PLAN TO PROVIDE FOR AN ANNUAL AWARD OF RESTRICTED STOCK TO OUR NON-EMPLOYEE DIRECTORS AND TO PERMIT ISSUANCES UNDER THE PLAN TO BE EFFECTED ELECTRONICALLY.	Management	For	For
3	RATIFICATION OF THE SELECTION OF INDEPENDENT PUBLIC ACCOUNTANTS.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: HELICAL BAR PLC MEETING DATE: 12/14/2005
TICKER: --     SECURITY ID: G43904195
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE THE ADOPTION OF THE 2006 HELICAL BAR PLC EXECUTIVE BONUS PLAN THE 2006 PLAN AS SPECIFIED	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: HERITAGE PROPERTY INVESTMENT TRUST, MEETING DATE: 05/12/2006
TICKER: HTG     SECURITY ID: 42725M107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KENNETH K. QUIGLEY, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM M. VAUGHN III AS A DIRECTOR	Management	For	For
1.3	ELECT RITCHIE E. REARDON AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT J. WATSON AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: HOME PROPERTIES, INC. MEETING DATE: 05/04/2006
TICKER: HME     SECURITY ID: 437306103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM BALDERSTON, III AS A DIRECTOR	Management	For	For
1.2	ELECT JOSH E. FIDLER AS A DIRECTOR	Management	For	For
1.3	ELECT ALAN L. GOSULE AS A DIRECTOR	Management	For	For
1.4	ELECT LEONARD F. HELBIG, III AS A DIRECTOR	Management	For	For
1.5	ELECT ROGER W. KOBER AS A DIRECTOR	Management	For	For
1.6	ELECT NORMAN P. LEENHOUTS AS A DIRECTOR	Management	For	For
1.7	ELECT NELSON B. LEENHOUTS AS A DIRECTOR	Management	For	For
1.8	ELECT EDWARD J. PETTINELLA AS A DIRECTOR	Management	For	For
1.9	ELECT CLIFFORD W. SMITH, JR. AS A DIRECTOR	Management	For	For
1.10	ELECT PAUL L. SMITH AS A DIRECTOR	Management	For	For
1.11	ELECT THOMAS S. SUMMER AS A DIRECTOR	Management	For	For
1.12	ELECT AMY L. TAIT AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: HOMEBANC CORP. MEETING DATE: 05/25/2006
TICKER: HMB     SECURITY ID: 43738R109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PATRICK S. FLOOD AS A DIRECTOR	Management	For	For
1.2	ELECT KEVIN D. RACE AS A DIRECTOR	Management	For	For
1.3	ELECT GLENN T. AUSTIN, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT LAWRENCE W. HAMILTON AS A DIRECTOR	Management	For	For
1.5	ELECT WARREN Y. JOBE AS A DIRECTOR	Management	For	For
1.6	ELECT JOEL K. MANBY AS A DIRECTOR	Management	For	For
1.7	ELECT ROBERT C. PATTON AS A DIRECTOR	Management	For	For
1.8	ELECT BONNIE L. PHIPPS AS A DIRECTOR	Management	For	For
1.9	ELECT JOHN W. SPIEGEL AS A DIRECTOR	Management	For	For
1.10	ELECT JAMES B. WITHEROW AS A DIRECTOR	Management	For	For
2	TO APPROVE THE AMENDMENTS TO THE HOMEBANC CORP. AMENDED AND RESTATED 2004 LONG-TERM INCENTIVE PLAN.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS HOMEBANC CORP S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: HOST HOTELS & RESORTS MEETING DATE: 05/18/2006
TICKER: HST     SECURITY ID: 44107P104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT M. BAYLIS AS A DIRECTOR	Management	For	For
1.2	ELECT TERENCE C. GOLDEN AS A DIRECTOR	Management	For	For
1.3	ELECT ANN M. KOROLOGOS AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD E. MARRIOTT AS A DIRECTOR	Management	For	For
1.5	ELECT JUDITH A. MCHALE AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN B. MORSE, JR. AS A DIRECTOR	Management	For	For
1.7	ELECT CHRISTOPHER J. NASSETTA AS A DIRECTOR	Management	For	For
2	RATIFY APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS.	Management	For	For
3	STOCKHOLDER PROPOSAL TO ELECT DIRECTORS BY A MAJORITY VOTE STANDARD.	Shareholder	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: HOST MARRIOTT CORPORATION MEETING DATE: 04/05/2006
TICKER: HST     SECURITY ID: 44107P104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ISSUANCE OF SHARES OF HOST MARRIOTT CORPORATION COMMON STOCK IN THE TRANSACTIONS	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: INLAND REAL ESTATE CORPORATION MEETING DATE: 06/22/2006
TICKER: IRC     SECURITY ID: 457461200
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROLAND W. BURRIS AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS P. D'ARCY AS A DIRECTOR	Management	For	For
1.3	ELECT DANIEL L. GOODWIN AS A DIRECTOR	Management	For	For
1.4	ELECT JOEL G. HERTER AS A DIRECTOR	Management	For	For
1.5	ELECT HEIDI N. LAWTON AS A DIRECTOR	Management	For	For
1.6	ELECT THOMAS H. MCAULEY AS A DIRECTOR	Management	For	For
1.7	ELECT THOMAS R. MCWILLIAMS AS A DIRECTOR	Management	For	For
1.8	ELECT ROBERT D. PARKS AS A DIRECTOR	Management	For	For
1.9	ELECT JOEL D. SIMMONS AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: INNKEEPERS USA TRUST MEETING DATE: 05/03/2006
TICKER: KPA     SECURITY ID: 4576J0104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JEFFREY H. FISHER AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS J. CROCKER AS A DIRECTOR	Management	For	For
1.3	ELECT ROLF E. RUHFUS AS A DIRECTOR	Management	For	For
2	APPROVE 2006 NON-EMPLOYEE TRUSTEES SHARE INCENTIVE PLAN.	Management	For	For
3	APPROVE DELETION OF ARTICLE XII OF THE COMPANY S AMENDED AND RESTATED DECLARATION OF TRUST, WHICH LIMITS THE COMPANY S INDEBTEDNESS TO 50% OF INVESTMENT IN HOTEL PROPERTIES, AT COST.	Management	For	For
4	RATIFY APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: KILROY REALTY CORPORATION MEETING DATE: 05/18/2006
TICKER: KRC     SECURITY ID: 49427F108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN B. KILROY, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT DALE F. KINSELLA AS A DIRECTOR	Management	For	For
2	APPROVAL OF 2006 INCENTIVE AWARD PLAN	Management	For	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: KIMCO REALTY CORPORATION MEETING DATE: 05/18/2006
TICKER: KIM     SECURITY ID: 49446R109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT M. KIMMEL AS A DIRECTOR	Management	For	For
1.2	ELECT M. COOPER AS A DIRECTOR	Management	For	For
1.3	ELECT R. DOOLEY AS A DIRECTOR	Management	For	For
1.4	ELECT M. FLYNN AS A DIRECTOR	Management	For	For
1.5	ELECT J. GRILLS AS A DIRECTOR	Management	For	For
1.6	ELECT D. HENRY AS A DIRECTOR	Management	For	For
1.7	ELECT F.P. HUGHES AS A DIRECTOR	Management	For	For
1.8	ELECT F. LOURENSO AS A DIRECTOR	Management	For	For
1.9	ELECT R. SALTZMAN AS A DIRECTOR	Management	For	For
2	TO APPROVE A RECOMMENDATION BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS THAT THE NUMBER OF SHARES OF THE COMPANY S COMMON STOCK, PAR VALUE $0.01 PER SHARE, SUBJECT TO OPTION UNDER THE COMPANY S 1998 EQUITY PARTICIPATION PLAN BE INCREASED BY 5,000,000.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
4	TO CONSIDER AND VOTE ON THE STOCKHOLDER PROPOSAL IF PROPERLY PRESENTED AT THE MEETING.	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: KITE REALTY GROUP TRUST MEETING DATE: 05/04/2006
TICKER: KRG     SECURITY ID: 49803T102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ALVIN E. KITE, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN A. KITE AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM E. BINDLEY AS A DIRECTOR	Management	For	For
1.4	ELECT DR. RICHARD A. COSIER AS A DIRECTOR	Management	For	For
1.5	ELECT EUGENE GOLUB AS A DIRECTOR	Management	For	For
1.6	ELECT GERALD L. MOSS AS A DIRECTOR	Management	For	For
1.7	ELECT MICHAEL L. SMITH AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS FOR KITE REALTY GROUP TRUST FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MERISTAR HOSPITALITY CORPORATION MEETING DATE: 04/27/2006
TICKER: MHX     SECURITY ID: 58984Y103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE MERGER OF MERISTAR HOSPITALITY CORPORATION WITH AND INTO ALCOR ACQUISITION LLC AND THE OTHER TRANSACTIONS CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER, DATED AS OF FEBRUARY 20, 2006, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MISSION WEST PROPERTIES, INC. MEETING DATE: 05/17/2006
TICKER: MSW     SECURITY ID: 605203108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CARL E. BERG AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN C. BOLGER AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM A. HASLER AS A DIRECTOR	Management	For	For
1.4	ELECT LAWRENCE B. HELZEL AS A DIRECTOR	Management	For	For
1.5	ELECT RAYMOND V. MARINO AS A DIRECTOR	Management	For	For
2	RATIFY THE SELECTION OF BURR, PILGER & MAYER, LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: NEWCASTLE INVESTMENT CORP. MEETING DATE: 05/18/2006
TICKER: NCT     SECURITY ID: 65105M108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KEVIN J. FINNERTY* AS A DIRECTOR	Management	For	For
1.2	ELECT STUART A. MCFARLAND** AS A DIRECTOR	Management	For	For
1.3	ELECT PETER M. MILLER** AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PAN PACIFIC RETAIL PROPERTIES, INC. MEETING DATE: 04/28/2006
TICKER: PNP     SECURITY ID: 69806L104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOSEPH P. COLMERY AS A DIRECTOR	Management	For	For
1.2	ELECT BERNARD M. FELDMAN AS A DIRECTOR	Management	For	For
1.3	ELECT MARK J. RIEDY AS A DIRECTOR	Management	For	For
1.4	ELECT STUART A. TANZ AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PENNSYLVANIA REAL ESTATE INVESTMENT MEETING DATE: 06/01/2006
TICKER: PEI     SECURITY ID: 709102107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEPHEN B. COHEN** AS A DIRECTOR	Management	For	For
1.2	ELECT JOSEPH F. CORADINO* AS A DIRECTOR	Management	For	For
1.3	ELECT M. WALTER D'ALESSIO** AS A DIRECTOR	Management	For	For
1.4	ELECT LEONARD I. KORMAN** AS A DIRECTOR	Management	For	For
1.5	ELECT DONALD F. MAZZIOTTI** AS A DIRECTOR	Management	For	For
1.6	ELECT RONALD RUBIN** AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF KPMG LLP AS INDEPENDENT AUDITOR FOR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PLUM CREEK TIMBER COMPANY, INC. MEETING DATE: 05/03/2006
TICKER: PCL     SECURITY ID: 729251108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICK R. HOLLEY AS A DIRECTOR	Management	For	For
1.2	ELECT IAN B. DAVIDSON AS A DIRECTOR	Management	For	For
1.3	ELECT ROBIN JOSEPHS AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN G. MCDONALD AS A DIRECTOR	Management	For	For
1.5	ELECT ROBERT B. MCLEOD AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN H. SCULLY AS A DIRECTOR	Management	For	For
1.7	ELECT STEPHEN C. TOBIAS AS A DIRECTOR	Management	For	For
1.8	ELECT CARL B. WEBB AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR 2006.	Management	For	For
3	STOCKHOLDER PROPOSAL TO INCREASE THE VOTING THRESHOLD BY WHICH INDIVIDUALS ARE ELECTED TO THE BOARD OF DIRECTORS.	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: POST PROPERTIES, INC. MEETING DATE: 05/18/2006
TICKER: PPS     SECURITY ID: 737464107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT C. GODDARD, III AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID P. STOCKERT AS A DIRECTOR	Management	For	For
1.3	ELECT HERSCHEL M. BLOOM AS A DIRECTOR	Management	For	For
1.4	ELECT DOUGLAS CROCKER II AS A DIRECTOR	Management	For	For
1.5	ELECT WALTER M. DERISO, JR. AS A DIRECTOR	Management	For	For
1.6	ELECT RUSSELL R. FRENCH AS A DIRECTOR	Management	For	For
1.7	ELECT NICHOLAS B. PAUMGARTEN AS A DIRECTOR	Management	For	For
1.8	ELECT CHARLES E. RICE AS A DIRECTOR	Management	For	For
1.9	ELECT STELLA F. THAYER AS A DIRECTOR	Management	For	For
1.10	ELECT RONALD DE WAAL AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT REGISTERD PUBLIC ACCOUNTANTS FOR 2006.	Management	For	For
3	TO ACT UPON A SHAREHOLDER PROPOSAL RELATING TO VOTING STANDARDS IN THE ELECTION OF DIRECTORS.	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PROLOGIS MEETING DATE: 09/14/2005
TICKER: PLD     SECURITY ID: 743410102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE ISSUANCE OF PROLOGIS COMMON SHARES OF BENEFICIAL INTEREST CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JUNE 5, 2005, BY AND AMONG PROLOGIS, PALMTREE ACQUISITION CORPORATION AND CATELLUS DEVELOPMENT CORPORATION, AS AMENDED.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PROLOGIS MEETING DATE: 05/26/2006
TICKER: PLD     SECURITY ID: 743410102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT K. DANE BROOKSHER AS A DIRECTOR	Management	For	For
1.2	ELECT STEPHEN L. FEINBERG AS A DIRECTOR	Management	For	For
1.3	ELECT GEORGE L. FOTIADES AS A DIRECTOR	Management	For	For
1.4	ELECT CHRISTINE N. GARVEY AS A DIRECTOR	Management	For	For
1.5	ELECT DONALD P. JACOBS AS A DIRECTOR	Management	For	For
1.6	ELECT WALTER C. RAKOWICH AS A DIRECTOR	Management	For	For
1.7	ELECT NELSON C. RISING AS A DIRECTOR	Management	For	For
1.8	ELECT JEFFREY H. SCHWARTZ AS A DIRECTOR	Management	For	For
1.9	ELECT D. MICHAEL STEUERT AS A DIRECTOR	Management	For	For
1.10	ELECT J. ANDRE TEIXEIRA AS A DIRECTOR	Management	For	For
1.11	ELECT WILLIAM D. ZOLLARS AS A DIRECTOR	Management	For	For
1.12	ELECT ANDREA M. ZULBERTI AS A DIRECTOR	Management	For	For
2	APPROVAL AND ADOPTION OF THE 2006 LONG-TERM INCENTIVE PLAN.	Management	For	Against
3	RATIFY THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
4	TO VOTE AND OTHERWISE REPRESENT THE UNDERSIGNED ON ANY OTHER MATTER THAT MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENT OR POSTPONEMENT THEREOF IN THE DISCRETION OF THE PROXY HOLDER.	Management	For	Abstain
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: RAMCO-GERSHENSON PROPERTIES TRUST MEETING DATE: 06/14/2006
TICKER: RPT     SECURITY ID: 751452202
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEPHEN R. BLANK* AS A DIRECTOR	Management	For	For
1.2	ELECT JOEL M. PASHCOW* AS A DIRECTOR	Management	For	For
1.3	ELECT MICHAEL A. WARD** AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON LLP AS THE TRUST S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: RECKSON ASSOCIATES REALTY CORP. MEETING DATE: 05/25/2006
TICKER: RA     SECURITY ID: 75621K106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT SCOTT H. RECHLER AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL MATURO AS A DIRECTOR	Management	For	For
1.3	ELECT DOUGLAS CROCKER II AS A DIRECTOR	Management	For	For
1.4	ELECT ELIZABETH MCCAUL AS A DIRECTOR	Management	For	For
1.5	ELECT RONALD H. MENAKER AS A DIRECTOR	Management	For	For
1.6	ELECT PETER QUICK AS A DIRECTOR	Management	For	For
1.7	ELECT LEWIS S. RANIERI AS A DIRECTOR	Management	For	For
1.8	ELECT JOHN F. RUFFLE AS A DIRECTOR	Management	For	For
1.9	ELECT STANLEY STEINBERG AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SAXON CAPITAL, INC. MEETING DATE: 06/13/2006
TICKER: SAX     SECURITY ID: 80556T106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD A. KRAEMER AS A DIRECTOR	Management	For	For
1.2	ELECT LOUIS C. FORNETTI AS A DIRECTOR	Management	For	For
1.3	ELECT ANASTASIA D. KELLY AS A DIRECTOR	Management	For	For
1.4	ELECT MICHAEL L. SAWYER AS A DIRECTOR	Management	For	For
1.5	ELECT THOMAS J. WAGEMAN AS A DIRECTOR	Management	For	For
1.6	ELECT DAVID D. WESSELINK AS A DIRECTOR	Management	For	For
2	INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM: RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SIMON PROPERTY GROUP, INC. MEETING DATE: 05/11/2006
TICKER: SPG     SECURITY ID: 828806109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BIRCH BAYH AS A DIRECTOR	Management	For	For
1.2	ELECT MELVYN E. BERGSTEIN AS A DIRECTOR	Management	For	For
1.3	ELECT LINDA WALKER BYNOE AS A DIRECTOR	Management	For	For
1.4	ELECT KAREN N. HORN AS A DIRECTOR	Management	For	For
1.5	ELECT REUBEN S. LEIBOWITZ AS A DIRECTOR	Management	For	For
1.6	ELECT J. ALBERT SMITH, JR. AS A DIRECTOR	Management	For	For
1.7	ELECT PIETER S. VAN DEN BERG AS A DIRECTOR	Management	For	For
2	APPROVAL OF PROPOSED AMENDMENT TO STOCK INCENTIVE PLAN.	Management	For	For
3	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
4	TO CONSIDER AND VOTE ON A STOCKHOLDER PROPOSAL	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SL GREEN REALTY CORP. MEETING DATE: 05/17/2006
TICKER: SLG     SECURITY ID: 78440X101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN H. ALSCHULER, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT STEPHEN L. GREEN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SOVRAN SELF STORAGE, INC. MEETING DATE: 05/18/2006
TICKER: SSS     SECURITY ID: 84610H108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT J. ATTEA AS A DIRECTOR	Management	For	For
1.2	ELECT KENNETH F. MYSZKA AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN E. BURNS AS A DIRECTOR	Management	For	For
1.4	ELECT MICHAEL A. ELIA AS A DIRECTOR	Management	For	For
1.5	ELECT ANTHONY P. GAMMIE AS A DIRECTOR	Management	For	For
1.6	ELECT CHARLES E. LANNON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR FISCAL YEAR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: STARWOOD HOTELS & RESORTS WORLDWIDE, MEETING DATE: 05/02/2006
TICKER: HOT     SECURITY ID: 85590A203
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HEYER AS A DIRECTOR	Management	For	For
1.2	ELECT BARSHEFSKY AS A DIRECTOR	Management	For	For
1.3	ELECT CHAPUS AS A DIRECTOR	Management	For	For
1.4	ELECT DUNCAN AS A DIRECTOR	Management	For	For
1.5	ELECT GALBREATH AS A DIRECTOR	Management	For	For
1.6	ELECT HIPPEAU AS A DIRECTOR	Management	For	For
1.7	ELECT QUAZZO AS A DIRECTOR	Management	For	For
1.8	ELECT RYDER AS A DIRECTOR	Management	For	For
1.9	ELECT YIH AS A DIRECTOR	Management	For	For
1.10	ELECT YOUNGBLOOD AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: TANGER FACTORY OUTLET CENTERS, INC. MEETING DATE: 05/12/2006
TICKER: SKT     SECURITY ID: 875465106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STANLEY K. TANGER AS A DIRECTOR	Management	For	For
1.2	ELECT STEVEN B. TANGER AS A DIRECTOR	Management	For	For
1.3	ELECT JACK AFRICK AS A DIRECTOR	Management	For	For
1.4	ELECT WILLIAM G. BENTON AS A DIRECTOR	Management	For	For
1.5	ELECT THOMAS E. ROBINSON AS A DIRECTOR	Management	For	For
1.6	ELECT ALLAN L. SCHUMAN AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: TAUBMAN CENTERS, INC. MEETING DATE: 05/15/2006
TICKER: TCO     SECURITY ID: 876664103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM S. TAUBMAN AS A DIRECTOR	Management	For	For
1.2	ELECT GRAHAM T. ALLISON AS A DIRECTOR	Management	For	For
1.3	ELECT PETER KARMANOS, JR. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM RATIFICATION OF THE SELECTION OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: TRIZEC PROPERTIES, INC. MEETING DATE: 05/18/2006
TICKER: TRZ     SECURITY ID: 89687P107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PETER MUNK AS A DIRECTOR	Management	For	For
1.2	ELECT TIMOTHY CALLAHAN AS A DIRECTOR	Management	For	For
1.3	ELECT L. JAY CROSS AS A DIRECTOR	Management	For	For
1.4	ELECT BRIAN MULRONEY AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES O'CONNOR AS A DIRECTOR	Management	For	For
1.6	ELECT GLENN RUFRANO AS A DIRECTOR	Management	For	For
1.7	ELECT RICHARD THOMSON AS A DIRECTOR	Management	For	For
1.8	ELECT POLYVIOS VINTIADIS AS A DIRECTOR	Management	For	For
2	APPROVE THE ADOPTION OF THE TRIZEC PROPERTIES, INC. AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
3	RATIFY THE RE-APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS TRIZEC S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: U-STORE-IT TRUST MEETING DATE: 05/25/2006
TICKER: YSI     SECURITY ID: 91274F104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT J. AMSDELL AS A DIRECTOR	Management	For	For
1.2	ELECT BARRY L. AMSDELL AS A DIRECTOR	Management	For	For
1.3	ELECT THOMAS A. COMMES AS A DIRECTOR	Management	For	For
1.4	ELECT J.C. (JACK) DANNEMILLER AS A DIRECTOR	Management	For	For
1.5	ELECT W.M. DIEFENDERFER III AS A DIRECTOR	Management	For	For
1.6	ELECT HAROLD S. HALLER AS A DIRECTOR	Management	For	For
1.7	ELECT DAVID J. LARUE AS A DIRECTOR	Management	For	For
1.8	ELECT DEAN JERNIGAN AS A DIRECTOR	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: UNITED DOMINION REALTY TRUST, INC. MEETING DATE: 05/02/2006
TICKER: UDR     SECURITY ID: 910197102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KATHERINE A. CATTANACH AS A DIRECTOR	Management	For	For
1.2	ELECT ERIC J. FOSS AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT P. FREEMAN AS A DIRECTOR	Management	For	For
1.4	ELECT JON A. GROVE AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES D. KLINGBEIL AS A DIRECTOR	Management	For	For
1.6	ELECT ROBERT C. LARSON AS A DIRECTOR	Management	For	For
1.7	ELECT THOMAS R. OLIVER AS A DIRECTOR	Management	For	For
1.8	ELECT LYNNE B. SAGALYN AS A DIRECTOR	Management	For	For
1.9	ELECT MARK J. SANDLER AS A DIRECTOR	Management	For	For
1.10	ELECT THOMAS W. TOOMEY AS A DIRECTOR	Management	For	For
1.11	ELECT THOMAS C. WAJNERT AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS OUR INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2006.	Management	For	For
3	PROPOSAL TO RATIFY AND APPROVE THE 1999 LONG-TERM INCENTIVE PLAN.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: VENTAS, INC. MEETING DATE: 05/19/2006
TICKER: VTR     SECURITY ID: 92276F100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DEBRA A. CAFARO AS A DIRECTOR	Management	For	For
1.2	ELECT DOUGLAS CROCKER II AS A DIRECTOR	Management	For	For
1.3	ELECT JAY M. GELLERT AS A DIRECTOR	Management	For	For
1.4	ELECT RONALD G. GEARY AS A DIRECTOR	Management	For	For
1.5	ELECT CHRISTOPHER T. HANNON AS A DIRECTOR	Management	For	For
1.6	ELECT SHELI Z. ROSENBERG AS A DIRECTOR	Management	For	For
1.7	ELECT THOMAS C. THEOBALD AS A DIRECTOR	Management	For	For
2	DIRECTORS PROPOSAL: TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS FOR FISCAL YEAR 2006.	Management	For	For
3	DIRECTORS PROPOSAL: TO APPROVE THE ADOPTION OF THE VENTAS, INC. 2006 INCENTIVE PLAN.	Management	For	Against
4	DIRECTORS PROPOSAL: TO APPROVE THE ADOPTION OF THE VENTAS, INC. 2006 STOCK PLAN FOR DIRECTORS.	Management	For	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: VORNADO REALTY TRUST MEETING DATE: 05/18/2006
TICKER: VNO     SECURITY ID: 929042109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEVEN ROTH AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL D. FASCITELLI AS A DIRECTOR	Management	For	For
1.3	ELECT RUSSELL B. WIGHT, JR. AS A DIRECTOR	Management	For	For
2	APPROVAL OF FULL ALLOTMENT OF SHARES AVAILABLE UNDER THE 2002 OMNIBUS SHARE PLAN, AS AMENDED.	Management	For	Against
3	RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: WEINGARTEN REALTY INVESTORS MEETING DATE: 05/01/2006
TICKER: WRI     SECURITY ID: 948741103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STANFORD ALEXANDER AS A DIRECTOR	Management	For	For
1.2	ELECT ANDREW M. ALEXANDER AS A DIRECTOR	Management	For	For
1.3	ELECT J. MURRY BOWDEN AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES W. CROWNOVER AS A DIRECTOR	Management	For	For
1.5	ELECT ROBERT J. CRUIKSHANK AS A DIRECTOR	Management	For	For
1.6	ELECT MELVIN A. DOW AS A DIRECTOR	Management	For	For
1.7	ELECT STEPHEN A. LASHER AS A DIRECTOR	Management	For	For
1.8	ELECT DOUGLAS W. SCHNITZER AS A DIRECTOR	Management	For	For
1.9	ELECT MARC J. SHAPIRO AS A DIRECTOR	Management	For	For
2	RATIFICATION OF DELOITTE & TOUCHE LLP AS WEINGARTEN S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
3	APPROVE THE AMENDMENT OF THE 2001 LONG TERM INCENTIVE PLAN.	Management	For	For
4	SHAREHOLDER PROPOSAL ENTITLED PAY-FOR-SUPERIOR-PERFORMANCE .	Shareholder	Against	Against
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: WEYERHAEUSER COMPANY MEETING DATE: 04/20/2006
TICKER: WY     SECURITY ID: 962166104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD F. HASKAYNE AS A DIRECTOR	Management	For	For
1.2	ELECT DONALD F. MAZANKOWSKI AS A DIRECTOR	Management	For	For
1.3	ELECT NICOLE W. PIASECKI AS A DIRECTOR	Management	For	For
2	SHAREHOLDER PROPOSAL ON DIRECTOR ELECTION BY MAJORITY	Shareholder	Against	Against
3	SHAREHOLDER PROPOSAL ON MAJORITY VOTE	Shareholder	Against	Against
4	SHAREHOLDER PROPOSAL ON EXECUTIVE COMPENSATION	Shareholder	Against	Against
5	SHAREHOLDER PROPOSAL ON FOREST STEWARDSHIP COUNCIL (FSC) CERTIFICATION	Shareholder	Against	Against
6	SHAREHOLDER PROPOSAL ON AN INDEPENDENT CHAIRMAN	Shareholder	Against	Against
7	APPROVAL, ON AN ADVISORY BASIS, OF THE APPOINTMENT OF AUDITORS	Management	For	For
Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

POWER OF ATTORNEY

I, the undersigned Treasurer of the following investment companies:

Colchester Street Trust Fidelity Aberdeen Street Trust Fidelity Advisor Series I Fidelity Advisor Series II Fidelity Advisor Series IV Fidelity Advisor Series VIII Fidelity California Municipal Trust Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Charles Street Trust Fidelity Commonwealth Trust Fidelity Concord Street Trust Fidelity Contrafund Fidelity Court Street Trust Fidelity Court Street Trust II Fidelity Destiny Portfolios Fidelity Devonshire Trust Fidelity Financial Trust Fidelity Hastings Street Trust Fidelity Hereford Street Trust Fidelity Investment Trust Fidelity Magellan Fund Fidelity Massachusetts Municipal Trust Fidelity Money Market Trust Fidelity School Street Trust Fidelity Union Street Trust Fidelity Union Street Trust II Newbury Street Trust Variable Insurance Products Fund Variable Insurance Products Fund II Variable Insurance Products Fund III Variable Insurance Products Fund IV

plus any other investment company for which Fidelity Management & Research Company or an affiliate acts as investment adviser and for which the undersigned individual serves as Treasurer (collectively, the "Funds"), hereby constitute and appoint Nicholas Steck and Claire Walpole my true and lawful attorneys-in-fact, each of them singly, with full power of substitution, and with full power to sign for me and in my name in the appropriate capacities, all Reports of the Proxy Voting Records of the Funds on Form N-PX under the Investment Company Act of 1940, as amended (the "Act"), or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate to cause such Form to be completed and filed in accordance with the Act and all related requirements of the Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitute may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after August 1, 2006.

WITNESS my hand on this 31st of July 2006.

/s/ Christine Reynolds

Christine Reynolds

Treasurer