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: 06/30/2007

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/ KIMBERLEY MONASTERIO*
KIMBERLEY MONASTERIO, TREASURER
DATE: 08/13/2007 02:27:08 PM

*BY:  /s/ CLAIRE S. WALPOLE
CLAIRE S. WALPOLE, VICE PRESIDENT, FIDELITY MANAGEMENT & RESEARCH COMPANY, PURSUANT TO A POWER OF ATTORNEY DATED JULY 10, 2007 AND FILED HEREWITH.

VOTE SUMMARY REPORT
Fidelity Real Estate Investment Portfolio
07/01/2006- 06/30/2007

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: ALEXANDRIA REAL ESTATE EQUITIES, INC MEETING DATE: 05/23/2007
TICKER: ARE     SECURITY ID: 015271109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JOEL S. MARCUS AS A DIRECTOR	Management	For	For
1. 2	ELECT JAMES H. RICHARDSON AS A DIRECTOR	Management	For	For
1. 3	ELECT JOHN L. ATKINS, III AS A DIRECTOR	Management	For	For
1. 4	ELECT RICHARD B. JENNINGS AS A DIRECTOR	Management	For	For
1. 5	ELECT RICHARD H. KLEIN AS A DIRECTOR	Management	For	For
1. 6	ELECT MARTIN A. SIMONETTI AS A DIRECTOR	Management	For	For
1. 7	ELECT ALAN G. WALTON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 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: AMERICAN FINANCIAL REALTY TRUST MEETING DATE: 06/06/2007
TICKER: AFR     SECURITY ID: 02607P305
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT RICHARD J. BERRY AS A DIRECTOR	Management	For	For
1. 2	ELECT JOHN R. BIGGAR AS A DIRECTOR	Management	For	For
1. 3	ELECT RAYMOND GAREA AS A DIRECTOR	Management	For	For
1. 4	ELECT JOHN P. HOLLIHAN III AS A DIRECTOR	Management	For	For
1. 5	ELECT RICHARD A. KRAEMER AS A DIRECTOR	Management	For	For
1. 6	ELECT ALAN E. MASTER AS A DIRECTOR	Management	For	For
1. 7	ELECT HAROLD W. POTE AS A DIRECTOR	Management	For	For
1. 8	ELECT LEWIS S. RANIERI 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: APARTMENT INVESTMENT AND MANAGEMENT MEETING DATE: 04/30/2007
TICKER: AIV     SECURITY ID: 03748R101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JAMES N. BAILEY AS A DIRECTOR	Management	For	For
1. 2	ELECT TERRY CONSIDINE AS A DIRECTOR	Management	For	For
1. 3	ELECT RICHARD S. ELLWOOD AS A DIRECTOR	Management	For	For
1. 4	ELECT THOMAS L. KELTNER AS A DIRECTOR	Management	For	For
1. 5	ELECT J. LANDIS MARTIN AS A DIRECTOR	Management	For	For
1. 6	ELECT ROBERT A. MILLER AS A DIRECTOR	Management	For	For
1. 7	ELECT THOMAS L. RHODES AS A DIRECTOR	Management	For	For
1. 8	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, 2007.	Management	For	For
3	TO APPROVE THE AIMCO 2007 STOCK AWARD AND INCENTIVE PLAN.	Management	For	Against
4	TO APPROVE THE AIMCO 2007 EMPLOYEE STOCK PURCHASE 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: AVALONBAY COMMUNITIES, INC. MEETING DATE: 05/16/2007
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, 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: BRE PROPERTIES, INC. MEETING DATE: 05/17/2007
TICKER: BRE     SECURITY ID: 05564E106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ROBERT A. FIDDAMAN AS A DIRECTOR	Management	For	For
1. 2	ELECT ROGER P. KUPPINGER AS A DIRECTOR	Management	For	For
1. 3	ELECT IRVING F. LYONS, III AS A DIRECTOR	Management	For	For
1. 4	ELECT EDWARD E. MACE AS A DIRECTOR	Management	For	For
1. 5	ELECT CHRISTOPHER J. MCGURK AS A DIRECTOR	Management	For	For
1. 6	ELECT MATTHEW T. MEDEIROS AS A DIRECTOR	Management	For	For
1. 7	ELECT CONSTANCE B. MOORE AS A DIRECTOR	Management	For	For
1. 8	ELECT JEANNE R. MYERSON AS A DIRECTOR	Management	For	For
1. 9	ELECT GREGORY M. SIMON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 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: BROOKFIELD PPTYS CORP MEETING DATE: 04/26/2007
TICKER: --     SECURITY ID: 112900105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECT MR. GORDON E. ARNELL AS A DIRECTOR	Management	For	For
2	ELECT MR. WILLIAM T. CAHILL AS A DIRECTOR	Management	For	For
3	ELECT MR. RICHARD B. CLARK AS A DIRECTOR	Management	For	For
4	ELECT MR. JACK L. COCKWELL AS A DIRECTOR	Management	For	For
5	ELECT MR. J.BRUCE FLATT AS A DIRECTOR	Management	For	For
6	ELECT MR. RODERICK D. FRASER AS A DIRECTOR	Management	For	For
7	ELECT MR. PAUL D. MCFARLANE AS A DIRECTOR	Management	For	For
8	ELECT MR. ALLAN S. OLSON AS A DIRECTOR	Management	For	For
9	ELECT MR. SAMUEL P.S. POLLOCK AS A DIRECTOR	Management	For	For
10	ELECT MS. LINDA D. RABBITT AS A DIRECTOR	Management	For	For
11	ELECT MR. ROBERT L. STELZL AS A DIRECTOR	Management	For	For
12	ELECT MS. DIANA L. TAYLOR AS A DIRECTOR	Management	For	For
13	ELECT MR. JOHN E. ZUCCOTTI AS A DIRECTOR	Management	For	For
14	APPOINT DELOITTE & TOUCHE LLP AS AUDITORS AND AUTHORIZE THE DIRECTORS TO FIX AUDITORS REMUNERATION	Management	For	For
15	AMEND THE CORPORATION S SHARE OPTION PLAN TO REFLECT CHANGES IN RESPECT OF THE PLAN S AMENDMENT PROVISIONS AND THE EXPIRY OF OPTIONS DURING BLACKOUT PERIODS AS SPECIFIED	Management	For	Against
16	APPROVE A 3 FOR 2 SUBDIVISION OF THE CORPORATION S COMMON SHARES, A 9 FOR 4 SUBDIVISION OF THE CLASS A REDEEMABLE VOTING PREFERRED SHARES AND CERTAIN INCIDENTAL AMENDMENTS TO THE CORPORATION ARTICLES 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: BROOKFIELD PROPERTIES CORPORATION MEETING DATE: 04/26/2007
TICKER: BPO     SECURITY ID: 112900105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT GORDON E. ARNELL AS A DIRECTOR	Management	For	For
1. 2	ELECT WILLIAM T. CAHILL AS A DIRECTOR	Management	For	For
1. 3	ELECT RICHARD B. CLARK AS A DIRECTOR	Management	For	For
1. 4	ELECT JACK L. COCKWELL AS A DIRECTOR	Management	For	For
1. 5	ELECT J. BRUCE FLATT AS A DIRECTOR	Management	For	For
1. 6	ELECT RODERICK D. FRASER AS A DIRECTOR	Management	For	For
1. 7	ELECT PAUL D. MCFARLANE AS A DIRECTOR	Management	For	For
1. 8	ELECT ALLAN S. OLSON AS A DIRECTOR	Management	For	For
1. 9	ELECT SAMUEL P.S. POLLOCK AS A DIRECTOR	Management	For	For
1. 10	ELECT LINDA D. RABBITT AS A DIRECTOR	Management	For	For
1. 11	ELECT ROBERT L. STELZL AS A DIRECTOR	Management	For	For
1. 12	ELECT DIANA L. TAYLOR AS A DIRECTOR	Management	For	For
1. 13	ELECT JOHN E. ZUCCOTTI AS A DIRECTOR	Management	For	For
2	THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS AUDITORS AND AUTHORIZING THE DIRECTORS TO FIX THE AUDITORS REMUNERATION.	Management	For	For
3	THE AMENDMENT OF THE CORPORATION S SHARE OPTION PLAN TO REFLECT CHANGES IN RESPECT OF THE PLAN S AMENDMENT PROVISIONS AND THE EXPIRY OF OPTIONS DURING BLACKOUT PERIODS, AS MORE PARTICULARLY DESCRIBED IN THE CORPORATION S MANAGEMENT PROXY CIRCULAR DATED MARCH 9, 2007;	Management	For	Against
4	THE SPECIAL RESOLUTION TO APPROVE A THREE FOR TWO SUBDIVISION OF THE CORPORATION S COMMON SHARES, A NINE FOR FOUR SUBDIVISION OF THE CLASS A REDEEMABLE VOTING PREFERRED SHARES AND CERTAIN INCIDENTAL AMENDMENTS TO THE CORPORATION ARTICLES, AS MORE PARTICULARLY DESCRIBED IN THE CORPORATION S MANAGEMENT PROXY CIRCULAR DATED MARCH 9, 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: CAPITAL & REGIONAL PLC MEETING DATE: 06/11/2007
TICKER: --     SECURITY ID: G18676109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ADOPT THE ACCOUNTS FOR THE PERIOD ENDED 30 DEC 2006 AND THE REPORTS OF THE DIRECTORS AND THE AUDITORS THEREON	Management	For	For
2	DECLARE A FINAL DIVIDEND OF 17P PER ORDINARY SHARE	Management	For	For
3	RE-APPOINT MR. T. CHANDOS AS A DIRECTOR OF THE COMPANY	Management	For	For
4	RE-APPOINT MR. M. BARBER AS A DIRECTOR OF THE COMPANY	Management	For	For
5	RE-APPOINT MR. M. WOLSTENHOLME AS A DIRECTOR OF THE COMPANY	Management	For	For
6	RE-APPOINT MR. P. NEWTON 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 2006	Management	For	For
9	AUTHORIZE THE DIRECTORS, FOR THE PURPOSE OF SECTION 80 OF THE COMPANIES ACT 1985, TO ALLOT RELEVANT SECURITIES BWITH IN THE MEANING OF THAT SECTIONC UP TO AN AGGREGATE NOMINAL AMOUNT OF GBP 2,412,957; BAUTHORITY EXPIRES AT THE CONCLUSION OF THE AGM OF THE COMPANY IN 2008C; 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 BWITHIN THE MEANING OF SECTION 94(2) TO SECTION 94(3A) OF THE SAID ACTC FOR CASH PURSUANT TO THE AUTHORITY CONFERRED BY RESOLUTION 9, DISAPPLYING THE STATUTORY PRE-EMPTION RIGHTS BSECTION 89(1)C, 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 10,785,920 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; BAUTHORITY EXPIRES THE EARLIER OF THE CONCLUSION OF THE AGM OF THE COMPANY IN 2008 OR 15 MONTHSC	Management	For	For
12	AMEND THE ARTICLES OF ASSOCIATION OF THE COMPANY BY DELETING THE EXISTING ARTICLE 186 BINDEMNITYC AND ARTICLE 187 BINSURANCEC AND REPLACING THEM WITH THE FOLLOWING NEW ARTICLES 186, 187, 188 AND 189 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: CBL & ASSOCIATES PROPERTIES, INC. MEETING DATE: 05/07/2007
TICKER: CBL     SECURITY ID: 124830100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT STEPHEN D. LEBOVITZ* AS A DIRECTOR	Management	For	For
1. 2	ELECT WINSTON W. WALKER* 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, 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: CEDAR SHOPPING CENTERS, INC. MEETING DATE: 06/19/2007
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 AMEND THE ARTICLES OF INCORPORATION TO INCREASE AUTHORIZED COMMON STOCK AND PREFERRED STOCK.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 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: CORPORATE OFFICE PROPERTIES TRUST MEETING DATE: 05/17/2007
TICKER: OFC     SECURITY ID: 22002T108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT DOUGLAS M. FIRSTENBERG AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT CLAY W. HAMLIN, III AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT JAY H. SHIDLER AS A DIRECTOR	Management	For	Withhold
1. 4	ELECT KENNETH S. SWEET, JR. AS A DIRECTOR	Management	For	Withhold
2	EXTENSION OF THE TERM OF THE AMENDED AND RESTATED 1998 LONG-TERM INCENTIVE PLAN FOR A PERIOD OF TEN YEARS.	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: DCT INDUSTRIAL TRUST MEETING DATE: 05/03/2007
TICKER: DCT     SECURITY ID: 233153105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT THOMAS G. WATTLES AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT PHILIP L. HAWKINS AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT PHILLIP R. ALTINGER AS A DIRECTOR	Management	For	Withhold
1. 4	ELECT THOMAS F. AUGUST AS A DIRECTOR	Management	For	Withhold
1. 5	ELECT JOHN S. GATES, JR. AS A DIRECTOR	Management	For	Withhold
1. 6	ELECT TRIPP H. HARDIN AS A DIRECTOR	Management	For	Withhold
1. 7	ELECT JAMES R. MULVIHILL AS A DIRECTOR	Management	For	Withhold
1. 8	ELECT JOHN C. O'KEEFE AS A DIRECTOR	Management	For	Withhold
1. 9	ELECT BRUCE L. WARWICK AS A DIRECTOR	Management	For	Withhold
2	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 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: DEVELOPERS DIVERSIFIED REALTY CORP. MEETING DATE: 05/08/2007
TICKER: DDR     SECURITY ID: 251591103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO FIX THE NUMBER OF DIRECTORS AT NINE.	Management	For	For
2. 1	ELECT DEAN S. ADLER AS A DIRECTOR	Management	For	For
2. 2	ELECT TERRANCE R. AHERN AS A DIRECTOR	Management	For	For
2. 3	ELECT ROBERT H. GIDEL AS A DIRECTOR	Management	For	For
2. 4	ELECT VICTOR B. MACFARLANE AS A DIRECTOR	Management	For	For
2. 5	ELECT CRAIG MACNAB AS A DIRECTOR	Management	For	For
2. 6	ELECT SCOTT D. ROULSTON AS A DIRECTOR	Management	For	For
2. 7	ELECT BARRY A. SHOLEM AS A DIRECTOR	Management	For	For
2. 8	ELECT WILLIAM B. SUMMERS, JR. AS A DIRECTOR	Management	For	For
2. 9	ELECT SCOTT A. WOLSTEIN AS A DIRECTOR	Management	For	For
3	TO APPROVE AN AMENDMENT TO THE COMPANY S AMENDED AND RESTATED ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED COMMON SHARES OF THE COMPANY FROM 200,000,000 TO 300,000,000, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
4	TO APPROVE AN AMENDMENT TO THE COMPANY S CODE OF REGULATIONS TO AUTHORIZE THE COMPANY TO NOTIFY SHAREHOLDERS OF RECORD OF SHAREHOLDER MEETINGS BY ELECTRONIC OR OTHER MEANS OF COMMUNICATION AUTHORIZED BY THE SHAREHOLDERS.	Management	For	For
5	TO APPROVE AN AMENDMENT TO THE COMPANY S CODE OF REGULATIONS TO AUTHORIZE SHAREHOLDERS AND OTHER PERSONS ENTITLED TO VOTE AT SHAREHOLDER MEETINGS TO APPOINT PROXIES BY ELECTRONIC OR OTHER VERIFIABLE COMMUNICATIONS.	Management	For	For
6	TO APPROVE AN AMENDMENT TO THE COMPANY S CODE OF REGULATIONS TO AUTHORIZE THE COMPANY TO ISSUE SHARES WITHOUT PHYSICAL CERTIFICATES.	Management	For	For
7	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR THE COMPANY S FISCAL YEAR ENDING DECEMBER 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: DOUGLAS EMMETT, INC. MEETING DATE: 05/31/2007
TICKER: DEI     SECURITY ID: 25960P109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT DAN A. EMMETT AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT JORDAN L. KAPLAN AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT KENNETH M. PANZER AS A DIRECTOR	Management	For	Withhold
1. 4	ELECT LESLIE E. BIDER AS A DIRECTOR	Management	For	Withhold
1. 5	ELECT VICTOR J. COLEMAN AS A DIRECTOR	Management	For	Withhold
1. 6	ELECT G. SELASSIE MEHRETEAB AS A DIRECTOR	Management	For	Withhold
1. 7	ELECT THOMAS E. O'HERN AS A DIRECTOR	Management	For	Withhold
1. 8	ELECT DR. ANDREA RICH AS A DIRECTOR	Management	For	Withhold
1. 9	ELECT WILLIAM WILSON III AS A DIRECTOR	Management	For	Withhold
2	PROPOSAL TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 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: DUKE REALTY CORPORATION MEETING DATE: 04/25/2007
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 REAPPOINTMENT OF KPMG LLP AS ITS 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: EQUITY OFFICE PROPERTIES TRUST MEETING DATE: 02/07/2007
TICKER: EOP     SECURITY ID: 294741103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE THE MERGER OF EQUITY OFFICE PROPERTIES TRUST WITH AND INTO BLACKHAWK ACQUISITION TRUST AND THE AGREEMENT AND PLAN OF MERGER, DATED AS OF NOVEMBER 19, 2006, AS AMENDED, AMONG EQUITY OFFICE PROPERTIES TRUST, EOP OPERATING LIMITED PARTNERSHIP, BLACKHAWK PARENT LLC, BLACKHAWK ACQUISITION TRUST AND BLACKHAWK ACQUISITION L.P., AS FULLY DESCRIBED IN THE ENCLOSED STATEMENT.	Management	For	For
2	TO APPROVE ANY ADJOURNMENTS OF THE SPECIAL MEETING FOR THE PURPOSE OF SOLICITING ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES AT THE SPECIAL MEETING TO APPROVE THE MERGER AND THE AGREEMENT AND PLAN OF MERGER, 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: EQUITY RESIDENTIAL MEETING DATE: 05/24/2007
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 BOONE A. KNOX AS A DIRECTOR	Management	For	For
1. 5	ELECT JOHN E. NEAL 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, 2007. THE BOARD RECOMMENDS A VOTE AGAINST PROPOSAL 3.	Management	For	For
3	SHAREHOLDER PROPOSAL: ADOPTION OF A MAJORITY VOTE STANDARD FOR THE ELECTION OF TRUSTEES.	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: FOREST CITY ENTERPRISES, INC. MEETING DATE: 06/21/2007
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	THE RATIFICATION OF PRICEWATERHOUSECOOPERS LLP, PUBLIC ACCOUNTANTS, AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE FISCAL YEAR ENDING JANUARY 31, 2008.	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: 05/15/2007
TICKER: GGP     SECURITY ID: 370021107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JOHN BUCKSBAUM AS A DIRECTOR	Management	For	For
1. 2	ELECT ALAN COHEN AS A DIRECTOR	Management	For	For
1. 3	ELECT ANTHONY DOWNS AS A DIRECTOR	Management	For	For
2	AMENDMENT AND RESTATEMENT OF THE EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
3	RATIFICATION OF THE SELECTION OF INDEPENDENT PUBLIC ACCOUNTANTS.	Management	For	For
4	STOCKHOLDER PROPOSAL TO DECLASSIFY THE BOARD OF DIRECTORS.	Shareholder	Against	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: GMH COMMUNITIES TRUST MEETING DATE: 09/06/2006
TICKER: GCT     SECURITY ID: 36188G102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT FREDERICK F. BUCHHOLZ AS A DIRECTOR	Management	For	For
1. 2	ELECT RADM J.W EASTWOOD (RET) AS A DIRECTOR	Management	For	For
1. 3	ELECT MICHAEL D. FASCITELLI AS A DIRECTOR	Management	For	For
1. 4	ELECT GARY M. HOLLOWAY, SR. AS A DIRECTOR	Management	For	For
1. 5	ELECT STEVEN J. KESSLER AS A DIRECTOR	Management	For	For
1. 6	ELECT DENIS J. NAYDEN AS A DIRECTOR	Management	For	For
1. 7	ELECT DENNIS J. O'LEARY AS A DIRECTOR	Management	For	For
1. 8	ELECT BRUCE F. ROBINSON AS A DIRECTOR	Management	For	For
1. 9	ELECT RICHARD A. SILFEN 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: GMH COMMUNITIES TRUST MEETING DATE: 06/14/2007
TICKER: GCT     SECURITY ID: 36188G102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT GARY M. HOLLOWAY, SR. AS A DIRECTOR	Management	For	For
1. 2	ELECT BRUCE F. ROBINSON AS A DIRECTOR	Management	For	For
1. 3	ELECT FREDERICK F. BUCHHOLZ AS A DIRECTOR	Management	For	For
1. 4	ELECT RADM J.W EASTWOOD (RET) AS A DIRECTOR	Management	For	For
1. 5	ELECT MICHAEL D. FASCITELLI AS A DIRECTOR	Management	For	For
1. 6	ELECT STEVEN J. KESSLER AS A DIRECTOR	Management	For	For
1. 7	ELECT DENIS J. NAYDEN AS A DIRECTOR	Management	For	For
1. 8	ELECT DENNIS J. O'LEARY AS A DIRECTOR	Management	For	For
1. 9	ELECT RICHARD A. SILFEN 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: GREAT PORTLAND ESTATES PLC MEETING DATE: 12/13/2006
TICKER: --     SECURITY ID: G40712179
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	AMEND, WITH EFFECT FROM BAND INCLUDINGC 01 JAN 2007, THE ARTICLES OF ASSOCIATION BY INSERTING OF ARTICLE 3A OF THE ARTICLE OF ASSOCATION, 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: HEALTH CARE PROPERTY INVESTORS, INC. MEETING DATE: 05/10/2007
TICKER: HCP     SECURITY ID: 421915109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT M.A. CIRILLO-GOLDBERG AS A DIRECTOR	Management	For	For
1. 2	ELECT ROBERT R. FANNING, JR. AS A DIRECTOR	Management	For	For
1. 3	ELECT JAMES F. FLAHERTY III AS A DIRECTOR	Management	For	For
1. 4	ELECT DAVID B. HENRY AS A DIRECTOR	Management	For	For
1. 5	ELECT MICHAEL D. MCKEE AS A DIRECTOR	Management	For	For
1. 6	ELECT HAROLD M. MESSMER, JR. AS A DIRECTOR	Management	For	For
1. 7	ELECT PETER L. RHEIN AS A DIRECTOR	Management	For	For
1. 8	ELECT KENNETH B. ROATH AS A DIRECTOR	Management	For	For
1. 9	ELECT RICHARD M. ROSENBERG AS A DIRECTOR	Management	For	For
1. 10	ELECT JOSEPH P. SULLIVAN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2007.	Management	For	For
3	STOCKHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION.	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: HERSHA HOSPITALITY TRUST MEETING DATE: 05/24/2007
TICKER: HT     SECURITY ID: 427825104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT HASU P. SHAH AS A DIRECTOR	Management	For	For
1. 2	ELECT MICHAEL A. LEVEN AS A DIRECTOR	Management	For	For
1. 3	ELECT KIRAN P. PATEL AS A DIRECTOR	Management	For	For
1. 4	ELECT JOHN M. SABIN AS A DIRECTOR	Management	For	For
2	RATIFICATION OF KPMG LLP AS THE COMPANY S 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: HILTON HOTELS CORPORATION MEETING DATE: 05/24/2007
TICKER: HLT     SECURITY ID: 432848109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF DIRECTOR: A. STEVEN CROWN	Management	For	For
2	ELECTION OF DIRECTOR: JOHN H. MYERS	Management	For	For
3	ELECTION OF DIRECTOR: DONNA F. TUTTLE	Management	For	For
4	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2007.	Management	For	For
5	A STOCKHOLDER PROPOSAL CONCERNING AN INDEPENDENT CHAIRMAN OF THE BOARD.	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: HOME PROPERTIES, INC. MEETING DATE: 05/01/2007
TICKER: HME     SECURITY ID: 437306103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT JOSH E. FIDLER AS A DIRECTOR	Management	For	For
1. 2	ELECT ALAN L. GOSULE AS A DIRECTOR	Management	For	For
1. 3	ELECT LEONARD F. HELBIG, III AS A DIRECTOR	Management	For	For
1. 4	ELECT ROGER W. KOBER AS A DIRECTOR	Management	For	For
1. 5	ELECT NORMAN P. LEENHOUTS AS A DIRECTOR	Management	For	For
1. 6	ELECT NELSON B. LEENHOUTS AS A DIRECTOR	Management	For	For
1. 7	ELECT EDWARD J. PETTINELLA AS A DIRECTOR	Management	For	For
1. 8	ELECT CLIFFORD W. SMITH, JR. AS A DIRECTOR	Management	For	For
1. 9	ELECT PAUL L. SMITH AS A DIRECTOR	Management	For	For
1. 10	ELECT THOMAS S. SUMMER AS A DIRECTOR	Management	For	For
1. 11	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 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: HOST HOTELS & RESORTS, INC. MEETING DATE: 05/17/2007
TICKER: HST     SECURITY ID: 44107P104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ELECTION OF DIRECTOR: ROBERT M. BAYLIS	Management	For	For
2	ELECTION OF DIRECTOR: TERENCE C. GOLDEN	Management	For	For
3	ELECTION OF DIRECTOR: ANN M. KOROLOGOS	Management	For	For
4	ELECTION OF DIRECTOR: RICHARD E. MARRIOTT	Management	For	For
5	ELECTION OF DIRECTOR: JUDITH A. MCHALE	Management	For	For
6	ELECTION OF DIRECTOR: JOHN B. MORSE, JR.	Management	For	For
7	ELECTION OF DIRECTOR: CHRISTOPHER J. NASSETTA	Management	For	For
8	RATIFY 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: INLAND REAL ESTATE CORPORATION MEETING DATE: 06/20/2007
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, 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: KILROY REALTY CORPORATION MEETING DATE: 05/17/2007
TICKER: KRC     SECURITY ID: 49427F108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT WILLIAM P. DICKEY 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: KIMCO REALTY CORPORATION MEETING DATE: 05/17/2007
TICKER: KIM     SECURITY ID: 49446R109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT M. KIMMEL AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT M. COOPER AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT R. DOOLEY AS A DIRECTOR	Management	For	Withhold
1. 4	ELECT M. FLYNN AS A DIRECTOR	Management	For	Withhold
1. 5	ELECT J. GRILLS AS A DIRECTOR	Management	For	Withhold
1. 6	ELECT D. HENRY AS A DIRECTOR	Management	For	Withhold
1. 7	ELECT F.P. HUGHES AS A DIRECTOR	Management	For	Withhold
1. 8	ELECT F. LOURENSO AS A DIRECTOR	Management	For	Withhold
1. 9	ELECT R. SALTZMAN AS A DIRECTOR	Management	For	Withhold
2	A PROPOSAL TO AMEND THE CHARTER OF THE COMPANY TO (A) INCREASE THE NUMBER OF SHARES OF STOCK; (B) INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK OF THE COMPANY; (C) INCREASE THE NUMBER OF AUTHORIZED SHARES OF EXCESS STOCK OF THE COMPANY.	Management	For	For
3	THE RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S 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: LAND SECURITIES GROUP PLC MEETING DATE: 12/15/2006
TICKER: --     SECURITY ID: G5375M118
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	AMEND, WITH EFFECT FROM BAND INCLUDINGC THE FIRST DAY OF THE FIRST SPECIFIED ACCOUNTING PERIOD FOLLOWING THE DATE OF THIS RESOLUTION IN RESPECT OF WHICH THE COMPANY HAS GIVEN A VALID NOTICE UNDER SECTION 109 OF THE FINANCE ACT 2006, THE ARTICLES OF ASSOCIATION BY INSERTING THE NEW ARTICLE 41A IMMEDIATELY FOLLOWING ARTICLE 41 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: MISSION WEST PROPERTIES, INC. MEETING DATE: 05/17/2007
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, 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: MITSUBISHI ESTATE COMPANY,LIMITED MEETING DATE: 06/28/2007
TICKER: --     SECURITY ID: J43916113
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	PLEASE NOTE THIS ANNOUNCEMENT IS BEING PROVIDED TO INFORM YOU THAT THE TRUE AGENDA HAS BEEN RELEASED AND IS AVAILABLE FOR YOUR REVIEW. (PLEASE REFER TO THE ATTACHED PDF FILES.)	N/A	N/A	N/A
2	APPROVE APPROPRIATION OF RETAINED EARNINGS	Management	For	For
3	AMEND THE ARTICLES OF INCORPORATION	Management	For	For
4	APPOINT A DIRECTOR	Management	For	For
5	APPOINT A DIRECTOR	Management	For	For
6	APPOINT A DIRECTOR	Management	For	For
7	APPOINT A DIRECTOR	Management	For	For
8	APPOINT A DIRECTOR	Management	For	For
9	APPOINT A DIRECTOR	Management	For	For
10	APPOINT A DIRECTOR	Management	For	For
11	APPOINT A DIRECTOR	Management	For	For
12	APPOINT A DIRECTOR	Management	For	For
13	APPOINT A DIRECTOR	Management	For	For
14	APPOINT A DIRECTOR	Management	For	For
15	APPOINT A DIRECTOR	Management	For	For
16	APPOINT A DIRECTOR	Management	For	For
17	APPOINT A CORPORATE AUDITOR	Management	For	For
18	APPROVE POLICY REGARDING LARGE-SCALE PURCHASES OF COMPANY SHARES	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: 09/25/2006
TICKER: PNP     SECURITY ID: 69806L104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE MERGER OF KRC ACQUISITION, INC. WITH AND INTO PAN PACIFIC RETAIL PROPERTIES, INC. AND THE OTHER TRANSACTIONS CONTEMPLATED PURSUANT TO THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JULY 9, 2006, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
2	APPROVAL OF AN ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IF THERE ARE INSUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE 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: PATRIZIA IMMOBILIEN AG, AUGSBURG MEETING DATE: 06/13/2007
TICKER: --     SECURITY ID: D5988D110
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	PLEASE NOTE THAT THESE SHARES MAY BE BLOCKED DEPENDING ON SOME SUBCUSTODIANSPROCESSING IN THE MARKET. PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE TO OBTAIN BLOCKING INFORMATION FOR YOUR ACCOUNTS.	N/A	N/A	N/A
2	PRESENTATION OF THE FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE 2006 FY WITH THE REPORT OF THE SUPERVISORY BOARD, THE GROUP FINANCIAL STATEMENTS AND GROUP ANNUAL REPORT	N/A	N/A	N/A
3	RESOLUTION ON THE APPROPRIATION OF THE DISTRIBUTABLE PROFIT OF EUR 12,706,940.70 AS FOLLOWS: PAYMENT OF A DIVIDEND OF EUR 0.15 PER SHARE EUR 4,887,440.70 SHALL BE CARRIED FORWARD EX-DIVIDEND AND PAYABLE DATE: 14 JUN 2007	Management	For	For
4	RATIFICATION OF THE ACTS OF THE BOARD OF MANAGING DIRECTORS	Management	For	For
5	RATIFICATION OF THE ACTS OF THE SUPERVISORY BOARD	Management	For	For
6	APPOINTMENT OF THE AUDITORS FOR THE 2007 FY: DELOITTE + TOUCHE GM BH, MUNICH	Management	For	For
7	ELECTION TO THE SUPERVISORY BOARD	Management	For	For
8	RESOLUTION ON THE SUPERVISORY BOARD REMUNERATION FOR THE 2006 FY, EACH SUPERVISORY BOARD MEMBER SHALL RECEIVE A REMUNERATION OF EUR 10,000, THE CHAIRMAN RECEIVING 1.5 TIMES THE AMOUNT, AS OF THE 2007 FY, EACH MEMBER SHALL RECEIVE A FIXED ANNUAL REMUNERATION OF EUR 18,750 PLUS A DIVIDEND-LINKED REMUNERATION, THE CHAIRMAN SHALL RECEIVE 1.33 TIMES THE AMOUNTS	Management	For	For
9	RESOLUTION ON THE REVISION OF THE AUTHORIZED CAPITAL, AND THE CORRESPONDING AMENDMENTS TO THE ARTICLES OF ASSOCIATION, THE AUTHORIZATION TO INCREASE THE SHARE CAPITAL BY UP TO EUR 15,470,000 ON OR BEFORE 23 FEB 2011, SHALL BE REVOKED; THE BOARD OF MANAGING DIRECTORS SHALL BE AUTHORIZED, WITH THE CONSENT OF THE SUPERVISORY BOARD, TO INCREASE THE SHARE CAPITAL BY UP TO EUR 26,065,000 THROUGH THE ISSUE OF NEW SHARES AGAINST PAYMENT IN CASH AND/OR KIND, ON OR BEFORE 12 JUN 2012 BNEW AUTHORIZED CAPIT...	Management	For	For
10	RESOLUTION ON THE AUTHORIZATION TO ISSUE BONDS AND/OR PROFIT-SHARING RIGHTS, THE CREATION OF CONTINGENT CAPITAL, AND THE CORRESPONDING AMENDMENTS TO THE ARTICLES OF ASSOCIATION, THE BOARD OF MANAGING DIRECTORS SHALL BE AUTHORIZED, WITH THE CONSENT OF THE SUPERVISORY BOARD, TO ISSUE BONDS OR PROFIT-SHARING RIGHTS OF UP TO 750,000,000, HAVING A TERM OF UP TO 20 YEARS AND CONFERRING A CONVERSION OR OPTION RIGHT FOR NEW SHARES OF THE COMPANY, ON OR BEFORE 12 JUN 2012, SHAREHOLDERS SHALL BE GRANTED S...	Management	For	For
11	APPROVAL OF THE ENTERPRISE AGREEMENT WITH PATRIZIA IMMOBILIEN KAPITALANLAGEGESELLSCHAFT MBH, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY	Management	For	For
12	APPROVAL OF THE CONTROL AND PROFIT TRANSFER AGREEMENTS WITH TEN BYET TO BE FOUNDEDC SUBSIDIARIES OF THE COMPANY	Management	For	For
13	APPROVAL OF THE CONTROL AND PROFIT TRANSFER AGREEMENT WITH PATRIZIA PROJEKT 260 GMBH, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY	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: 05/15/2007
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	RATIFY THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 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: PUBLIC STORAGE, INC. MEETING DATE: 05/03/2007
TICKER: PSA     SECURITY ID: 74460D109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT B. WAYNE HUGHES AS A DIRECTOR	Management	For	For
1. 2	ELECT RONALD L. HAVNER, JR. AS A DIRECTOR	Management	For	For
1. 3	ELECT HARVEY LENKIN AS A DIRECTOR	Management	For	For
1. 4	ELECT DANN V. ANGELOFF AS A DIRECTOR	Management	For	For
1. 5	ELECT WILLIAM C. BAKER AS A DIRECTOR	Management	For	For
1. 6	ELECT JOHN T. EVANS AS A DIRECTOR	Management	For	For
1. 7	ELECT URI P. HARKHAM AS A DIRECTOR	Management	For	For
1. 8	ELECT B. WAYNE HUGHES, JR. AS A DIRECTOR	Management	For	For
1. 9	ELECT GARY E. PRUITT AS A DIRECTOR	Management	For	For
1. 10	ELECT DANIEL C. STATON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2007.	Management	For	For
3	APPROVAL OF THE 2007 EQUITY AND PERFORMANCE-BASED INCENTIVE COMPENSATION PLAN.	Management	For	Against
4	APPROVAL OF THE PROPOSAL TO REORGANIZE FROM A CALIFORNIA CORPORATION TO A MARYLAND REAL ESTATE INVESTMENT TRUST.	Management	For	For
5	APPROVAL OF ADJOURNMENTS OR POSTPONEMENTS OF THE ANNUAL MEETING IF NECESSARY.	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: 10/31/2006
TICKER: SAX     SECURITY ID: 80556T106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE THE MERGER, ON THE TERMS AND SUBJECT TO THE CONDITIONS SET FORTH IN THE AGREEMENT AND PLAN OF MERGER, DATED AS OF AUGUST 8, 2006, BY AND AMONG SAXON CAPITAL, INC., MORGAN STANLEY MORTGAGE CAPITAL INC. AND ANGLE MERGER SUBSIDIARY CORPORATION, A WHOLLY-OWNED SUBSIDIARY OF MORGAN STANLEY MORTGAGE CAPITAL INC., AS MORE FULLY DESCRIBED IN THE STATEMENT.	Management	For	For
2	TO APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING, IF DEEMED NECESSARY TO FACILITATE THE APPROVAL OF THE MERGER PROPOSAL, INCLUDING TO PERMIT THE SOLICITATION OF ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE THE MERGER PROPOSAL.	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: 05/10/2007
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	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2007.	Management	For	For
3	TO CONSIDER AND VOTE ON A STOCKHOLDER PROPOSAL TO LINK PAY TO PERFORMANCE.	Shareholder	Against	Against
4	TO CONSIDER AND VOTE ON A STOCKHOLDER PROPOSAL REGARDING AN ADVISORY STOCKHOLDER VOTE ON EXECUTIVE COMPENSATION.	Shareholder	Against	Abstain
5	TO CONSIDER AND VOTE ON A STOCKHOLDER PROPOSAL REGARDING STOCKHOLDER APPROVAL OF FUTURE SEVERANCE AGREEMENTS.	Shareholder	Against	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: 05/21/2007
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 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: STARWOOD HOTELS & RESORTS WORLDWIDE, MEETING DATE: 05/24/2007
TICKER: HOT     SECURITY ID: 85590A401
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT DUNCAN AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT ARON AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT BARSHEFSKY AS A DIRECTOR	Management	For	Withhold
1. 4	ELECT CHAPUS AS A DIRECTOR	Management	For	Withhold
1. 5	ELECT GALBREATH AS A DIRECTOR	Management	For	Withhold
1. 6	ELECT HIPPEAU AS A DIRECTOR	Management	For	Withhold
1. 7	ELECT QUAZZO AS A DIRECTOR	Management	For	Withhold
1. 8	ELECT RYDER AS A DIRECTOR	Management	For	Withhold
1. 9	ELECT YOUNGBLOOD AS A DIRECTOR	Management	For	Withhold
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, 2007.	Management	For	For
3	APPROVAL OF AN AMENDMENT AND RESTATEMENT OF THE COMPANY S CHARTER.	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: SUMITOMO REALTY & DEVELOPMENT CO LTD MEETING DATE: 06/28/2007
TICKER: --     SECURITY ID: J77841112
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE APPROPRIATION OF RETAINED EARNINGS	Management	For	For
2	AMEND THE ARTICLES OF INCORPORATION	Management	For	For
3	APPOINT A DIRECTOR	Management	For	For
4	APPOINT A DIRECTOR	Management	For	For
5	APPOINT A DIRECTOR	Management	For	For
6	APPOINT A DIRECTOR	Management	For	For
7	APPOINT A DIRECTOR	Management	For	For
8	APPOINT A DIRECTOR	Management	For	For
9	APPOINT A DIRECTOR	Management	For	For
10	APPOINT A DIRECTOR	Management	For	For
11	APPOINT A DIRECTOR	Management	For	For
12	APPOINT A DIRECTOR	Management	For	For
13	APPOINT A CORPORATE AUDITOR	Management	For	For
14	APPROVE POLICY REGARDING LARGE-SCALE PURCHASES OF COMPANY SHARES	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: TANGER FACTORY OUTLET CENTERS, INC. MEETING DATE: 05/30/2007
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
2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2007.	Management	For	For
3	TO CONSIDER A PROPOSAL BY THE DIRECTORS TO AMEND THE COMPANY S ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF COMMON SHARES AUTHORIZED FOR ISSUANCE FROM 50 MILLION COMMON SHARES TO 150 MILLION COMMON SHARES. THE PROPOSED AMENDMENT IS SET FORTH IN FULL IN THE ENCLOSED PROXY STATEMENT.	Management	For	For
4	TO CONSIDER A PROPOSAL BY THE DIRECTORS TO AMEND THE COMPANY S ARTICLES OF INCORPORATION TO CREATE FOUR NEW CLASSES OF PREFERRED SHARES, EACH CLASS HAVING FOUR MILLION SHARES WITH A PAR VALUE OF $.01 PER SHARE AND TO INCREASE THE NUMBER OF COMMON SHARES AUTHORIZED FOR ISSUANCE FROM 50 TO 150 MILLION COMMON SHARES.	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: TRIZEC PROPERTIES, INC. MEETING DATE: 09/12/2006
TICKER: TRZ     SECURITY ID: 89687P107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	THE AGREEMENT AND PLAN OF MERGER AND ARRANGEMENT AGREEMENT, DATED AS OF JUNE 5, 2006, BY AND AMONG TRIZEC PROPERTIES, INC., TRIZEC HOLDINGS OPERATING LLC, TRIZEC CANADA INC., GRACE HOLDINGS LLC, GRACE ACQUISITION CORPORATION, 4162862 CANADA LIMITED, AND GRACE OP LLC, PURSUANT TO WHICH GRACE ACQUISITION CORPORATION WOULD MERGE WITH AND INTO TRIZEC PROPERTIES, INC.	Management	For	For
2	APPROVAL OF ANY ADJOURNMENTS OF THE SPECIAL MEETING OF STOCKHOLDERS FOR THE PURPOSE OF SOLICITING ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES AT THE SPECIAL MEETING OF STOCKHOLDERS TO ADOPT THE AGREEMENT AND PLAN OF MERGER AND ARRANGEMENT AGREEMENT.	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: 05/08/2007
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, 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: VORNADO REALTY TRUST MEETING DATE: 05/22/2007
TICKER: VNO     SECURITY ID: 929042109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ROBERT P. KOGOD AS A DIRECTOR	Management	For	For
1. 2	ELECT DAVID MANDELBAUM AS A DIRECTOR	Management	For	For
1. 3	ELECT RICHARD R. WEST AS A DIRECTOR	Management	For	For
2	RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
3	SHAREHOLDER PROPOSAL REGARDING MAJORITY VOTING FOR TRUSTEES.	Shareholder	Against	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: 05/03/2007
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 JAMES W. CROWNOVER AS A DIRECTOR	Management	For	For
1. 4	ELECT ROBERT J. CRUIKSHANK AS A DIRECTOR	Management	For	For
1. 5	ELECT MELVIN A. DOW AS A DIRECTOR	Management	For	For
1. 6	ELECT STEPHEN A. LASHER AS A DIRECTOR	Management	For	For
1. 7	ELECT DOUGLAS W. SCHNITZER AS A DIRECTOR	Management	For	For
1. 8	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
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 VII Fidelity Advisor Series VIII Fidelity Beacon Street Trust Fidelity Boylston Street Trust Fidelity California Municipal Trust Fidelity California Municipal Trust II Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Central Investment Portfolios II LLC Fidelity Charles Street Trust Fidelity Commonwealth Trust Fidelity Concord Street Trust Fidelity Congress Street Trust Fidelity Contrafund Fidelity Court Street Trust Fidelity Court Street Trust II Fidelity Covington Trust Fidelity Destiny Portfolios Fidelity Devonshire Trust Fidelity Exchange Fund Fidelity Financial Trust Fidelity Fixed-Income Trust Fidelity Garrison Street Trust Fidelity Hanover Street Trust Fidelity Hastings Street Trust Fidelity Hereford Street Trust Fidelity Income Fund Fidelity Investment Trust Fidelity Magellan Fund Fidelity Massachusetts Municipal Trust Fidelity Money Market Trust Fidelity Mt. Vernon Street Trust Fidelity Municipal Trust Fidelity Municipal Trust II Fidelity New York Municipal Trust Fidelity New York Municipal Trust II Fidelity Oxford Street Trust Fidelity Phillips Street Trust Fidelity Puritan Trust Fidelity Revere Street Trust Fidelity School Street Trust Fidelity Securities Fund Fidelity Select Portfolios Fidelity Summer Street Trust Fidelity Trend Fund 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 Variable Insurance Products Fund V

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, 2007.

WITNESS my hand on this 10th of July 2007.

/s/ Kimberley Monasterio

Kimberley Monasterio

Treasurer