UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number   811-3114

Fidelity Select Portfolios	(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts  02210	(Address of principal executive offices)       (Zip code)

Marc Bryant, Secretary

245 Summer St.

Boston, Massachusetts  02210(Name and address of agent for service)

Registrant's telephone number, including area code:	617-563-7000

|Date of fiscal year end:  | January 31      
|------------------------- | ----------------
|                          |                 
|Date of reporting period: | October 31, 2013

Item 1.		Schedule of Investments

Quarterly Holdings Report

for

Fidelity®Telecom and 
Utilities Fund

October 31, 2013

`1.809082.110`

`UIF-QTLY-1213`

---

# Investments October 31, 2013 (Unaudited)

Showing Percentage of Net Assets

|Common Stocks - 99.5%                               
|----------------------------------------------------
|                                                    
|CONSUMER DISCRETIONARY - 6.9%                       
|Media - 6.9%                                        
|Comcast Corp. Class A                               
|DISH Network Corp. Class A                          
|                                                    
|ENERGY - 6.4%                                       
|Oil, Gas & Consumable Fuels - 6.4%                  
|Cheniere Energy, Inc. (a)                           
|Energen Corp.                                       
|Energy Transfer Equity LP                           
|Plains GP Holdings LP Class A                       
|                                                    
|FINANCIALS - 4.4%                                   
|Real Estate Investment Trusts - 4.4%                
|American Tower Corp.                                
|TELECOMMUNICATION SERVICES - 28.9%                  
|Diversified Telecommunication Services - 19.5%      
|AT&T, Inc.                                          
|Level 3 Communications, Inc. (a)                    
|tw telecom, Inc. (a)                                
|Verizon Communications, Inc.                        
|                                                    
|Wireless Telecommunication Services - 9.4%          
|America Movil S.A.B. de CV Series L sponsored ADR   
|China Mobile Ltd. sponsored ADR                     
|SBA Communications Corp. Class A (a)                
|T-Mobile U.S., Inc. (a)                             
|Telephone & Data Systems, Inc.                      
|TIM Participacoes SA sponsored ADR                  
|Vodafone Group PLC sponsored ADR                    
|                                                    
|TOTAL TELECOMMUNICATION SERVICES                    
|UTILITIES - 52.9%                                   
|Electric Utilities - 26.7%                          
|American Electric Power Co., Inc.                   
|Duke Energy Corp.                                   
|Edison International                                
|Entergy Corp.                                       
|Common Stocks - continued                           
|                                                    
|UTILITIES - continued                               
|Electric Utilities - continued                      
|ITC Holdings Corp.                                  
|NextEra Energy, Inc.                                
|NRG Yield, Inc. Class A                             
|OGE Energy Corp.                                    
|                                                    
|Gas Utilities - 3.0%                                
|ONEOK, Inc.                                         
|Independent Power Producers & Energy Traders - 8.5% 
|Calpine Corp. (a)                                   
|NRG Energy, Inc.                                    
|The AES Corp.                                       
|                                                    
|Multi-Utilities - 13.9%                             
|CenterPoint Energy, Inc.                            
|NiSource, Inc.                                      
|PG&E Corp.                                          
|Sempra Energy                                       
|                                                    
|Water Utilities - 0.8%                              
|American Water Works Co., Inc.                      
|TOTAL UTILITIES                                     
|TOTAL COMMON STOCKS
(Cost $896,145)                 
|Money Market Funds - 1.1%                           
|                                                    
|Fidelity Cash Central Fund, 0.09% (b)
(Cost $11,123)
|TOTAL INVESTMENT PORTFOLIO - 100.6%
(Cost $907,268) 
|NET OTHER ASSETS (LIABILITIES) - (0.6)%             
|NET ASSETS - 100%                                   

|Legend                                                                                                                                                                                                                                                                                                                                                                                                                                           
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a)	Non-income producing                                                                                                                                                                                                                                                                                                                                                                                                                         
|(b)	Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the
annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon
request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|Affiliated Central Funds                                                                                                                                                                                                                                                                                                                                                                                                                         
|Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:                                                                                                                                                                                                                                                                                                                    

|Fund                                          | Income earned
(Amounts in thousands)
|--------------------------------------------- | ------------------------------------
|Fidelity Cash Central Fund                    | $	16                                
|Fidelity Securities Lending Cash Central Fund | 52                                  
|Total                                         | $	68                                

|Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the
risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this
listing.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Income Tax Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|At October 31, 2013, the cost of investment securities for income tax purposes was $907,885,000. Net unrealized appreciation aggregated $164,801,000, of
which $168,947,000 related to appreciated investment securities and $4,146,000 related to depreciated investment securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|Investment Valuation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In
accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third
party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or
reliable, investments will be fair valued in good faith by the Fidelity SelectCo, LLC (SelectCo) Fair Value Committee (the Committee), in accordance with
procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The
frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's
valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to
valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical
investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 -
unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in
or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
|Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing
price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the
last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise,
comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted
prices for similar securities may be used and would be categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in
transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market
activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as
Level 1 in the hierarchy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most
recent semiannual or annual shareholder report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

Quarterly Report

|The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general
information of the fund's shareholders. For more information regarding the fund and its holdings, please
see the fund's most recent prospectus and annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the
property of FMR LLC
or an affiliate.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Quarterly Report

Item 2.		Controls and Procedures

(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that
the Fidelity Select Portfolios's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date
within 90 days of the filing date of this report.

(a)(ii)  There was no change in the Trust's internal control over financial reporting (as
defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the
Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially
affect, the Trust's internal control over financial reporting.

Item 3.		Exhibits

|Certification pursuant to Rule 30a-2(a) under the Investment Company
Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit
99.CERT.
|-------------------------------------------------------------------------------------------------------------------------------------------------------

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

Fidelity Select Portfolios

|By:   | /s/Adrien E. Deberghes 
|----- | -----------------------
|      | Adrien E. Deberghes    
|      | President and Treasurer
|      |                        
|Date: | December 30, 2013      

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

|By:   | /s/ Adrien E. Deberghes
|----- | -----------------------
|      | Adrien E. Deberghes    
|      | President and Treasurer
|      |                        
|Date: | December 30, 2013      

|By:   | /s/Christine Reynolds  
|----- | -----------------------
|      | Christine Reynolds     
|      | Chief Financial Officer
|      |                        
|Date: | December 30, 2013