0000320351-01-500044 Sample Contracts

MANAGEMENT CONTRACT BETWEEN FIDELITY SELECT PORTFOLIOS: CYCLICAL INDUSTRIES PORTFOLIO AND FIDELITY MANAGEMENT & RESEARCH COMPANY
Management Contract • October 29th, 2001 • Fidelity Select Portfolios • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of April 2001, by and between Fidelity Select Portfolios, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Fund"), on behalf of Cyclical Industries Portfolio (hereinafter called the "Portfolio"), and Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the "Adviser") as set forth in its entirety below.

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SUB-ADVISORY AGREEMENT BETWEEN FIDELITY MANAGEMENT & RESEARCH COMPANY AND FIDELITY MANAGEMENT & RESEARCH (U.K.) INC. AND FIDELITY SELECT PORTFOLIOS: ON BEHALF OF MULTIMEDIA PORTFOLIO
Sub-Advisory Agreement • October 29th, 2001 • Fidelity Select Portfolios • Massachusetts

AMENDMENT made this 1st day of April, 2001, by and between Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the "Advisor"); Fidelity Management & Research (U.K.) Inc. (hereinafter called the "Sub-Advisor"); and Fidelity Select Portfolios, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Trust") on behalf of Multimedia Portfolio (hereinafter called the "Portfolio").

SUB-ADVISORY AGREEMENT between FMR CO., INC. and FIDELITY MANAGEMENT & RESEARCH COMPANY
Sub-Advisory Agreement • October 29th, 2001 • Fidelity Select Portfolios • Massachusetts

AGREEMENT made this 1st day of January, 2001, by and between FMR Co., Inc., a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the ´´Sub-Adviser") and Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the ´´Adviser").

MANAGEMENT CONTRACT BETWEEN FIDELITY SELECT PORTFOLIOS: NATURAL RESOURCES PORTFOLIO AND FIDELITY MANAGEMENT & RESEARCH COMPANY
Fidelity Select Portfolios • October 29th, 2001 • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of April 2001, by and between Fidelity Select Portfolios, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Fund"), on behalf of Natural Resources Portfolio (hereinafter called the "Portfolio"), and Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the "Adviser") as set forth in its entirety below.

SUB-ADVISORY AGREEMENT BETWEEN FIDELITY MANAGEMENT & RESEARCH COMPANY AND FIDELITY MANAGEMENT & RESEARCH (U.K.) INC. AND FIDELITY SELECT PORTFOLIOS: ON BEHALF OF CONSTRUCTION AND HOUSING PORTFOLIO
Sub-Advisory Agreement • October 29th, 2001 • Fidelity Select Portfolios • Massachusetts

AMENDMENT made this 1st day of April, 2001, by and between Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the "Advisor"); Fidelity Management & Research (U.K.) Inc. (hereinafter called the "Sub-Advisor"); and Fidelity Select Portfolios, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Trust") on behalf of Contruction and Housing Portfolio (hereinafter called the "Portfolio").

SUB-ADVISORY AGREEMENT BETWEEN FIDELITY MANAGEMENT & RESEARCH COMPANY AND FIDELITY MANAGEMENT & RESEARCH (Far East) INC. AND FIDELITY SELECT PORTFOLIOS: ON BEHALF OF PAPER AND FOREST PRODUCTS PORTFOLIO
Sub-Advisory Agreement • October 29th, 2001 • Fidelity Select Portfolios • Massachusetts

AMENDMENT made this 1st day of April, 2001, by and between Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the "Advisor"); Fidelity Management & Research (Far East) Inc. (hereinafter called the "Sub-Advisor"); and Fidelity Select Portfolios, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Trust") on behalf of Paper and Forest Products Portfolio (hereinafter called the "Portfolio").

SUB-ADVISORY AGREEMENT BETWEEN FIDELITY MANAGEMENT & RESEARCH COMPANY AND FIDELITY MANAGEMENT & RESEARCH (Far East) INC. AND FIDELITY SELECT PORTFOLIOS: ON BEHALF OF DEFENSE AND AEROSPACE PORTFOLIO
Sub-Advisory Agreement • October 29th, 2001 • Fidelity Select Portfolios • Massachusetts

AMENDMENT made this 1st day of April, 2001, by and between Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the "Advisor"); Fidelity Management & Research (Far East) Inc. (hereinafter called the "Sub-Advisor"); and Fidelity Select Portfolios, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Trust") on behalf of Defense and Aerospace Portfolio (hereinafter called the "Portfolio").

MANAGEMENT CONTRACT BETWEEN FIDELITY SELECT PORTFOLIOS: MONEY MARKET PORTFOLIO AND FIDELITY MANAGEMENT & RESEARCH COMPANY
Management Contract • October 29th, 2001 • Fidelity Select Portfolios • Massachusetts

AGREEMENT AMENDED and RESTATED as of this 1st day of April 2001, by and between Fidelity Select Portfolios, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Fund"), on behalf of Money Market Portfolio (hereinafter called the "Portfolio"), and Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the "Adviser") as set forth in its entirety below.

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