SUPPLEMENT TO THE
FIDELITY SELECT
PORTFOLIOS(registered trademark)
PROSPECTUS
DATED APRIL 30, 1994
Effective August 3, 1994,
Select Utilities Portfolio will
change its name to Select
Utilities Growth Portfolio.
Effective August 2, 1994 the
following information replaces
the discussion of portfolio
manager Arieh Coll found in the
"FMR AND ITS AFFILIATEs" section
on page P-34.
JOHN HURLEY is manager of
Fidelity Select Software &
Computer Services Portfolio,
which he has managed since
August 1994. Previously, he
was a Fidelity analyst covering
PC databases, mainframe and
software companies. Mr. Hurley
joined Fidelity in 1993.
Effective May 16, 1994 the
following information replaces
the discussion of portfolio
manager Richard Patton and
supplements the information
regarding Brenda Reed found
in the "FMR AND ITS AFFILIATEs"
section on page P-35.
BRENDA REED has been
portfolio manager of
Automotive since May 1994
and portfolio manager of Air
Transportation since December
1992. She joined the company
in 1992 as an equity analyst
following the apparel and textile
industries. Previously, she was
an equity analyst at the Putnam
Companies and vice president
of New England Research and
Management. Reed received
an M.B.A. from Dartmouth
College in 1992, and a B.S. in
financial management from
Boston University in 1989.
SEL - 94 - 3 August 8, 1994
SUPPLEMENT TO THE
FIDELITY SELECT
PORTFOLIOS(registered trademark)
PROSPECTUS
DATED APRIL 30, 1994
Effective August 3, 1994,
Select Utilities Portfolio will
change its name to Select
Utilities Growth Portfolio.
Effective August 2, 1994 the
following information replaces
the discussion of portfolio
manager Arieh Coll found in the
"FMR AND ITS AFFILIATEs" section
on page P-34.
JOHN HURLEY is manager of
Fidelity Select Software &
Computer Services Portfolio,
which he has managed since
August 1994. Previously, he
was a Fidelity analyst covering
PC databases, mainframe and
software companies. Mr. Hurley
joined Fidelity in 1993.
Effective May 16, 1994 the
following information replaces
the discussion of portfolio
manager Richard Patton and
supplements the information
regarding Brenda Reed found
in the "FMR AND ITS AFFILIATEs"
section on page P-35.
BRENDA REED has been
portfolio manager of
Automotive since May 1994
and portfolio manager of Air
Transportation since December
1992. She joined the company
in 1992 as an equity analyst
following the apparel and textile
industries. Previously, she was
an equity analyst at the Putnam
Companies and vice president
of New England Research and
Management. Reed received
an M.B.A. from Dartmouth
College in 1992, and a B.S. in
financial management from
Boston University in 1989.
SEL - 94 - 3 August 8, 1994
