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COMMENTS RECEIVED ON APRIL 5, 2005

FROM CHRISTIAN SANDOE

FIDELITY CALIFORNIA MUNICIPAL TRUST (File Nos. 002-83367 and 811-03725)

Spartan California Municipal Income Fund

POST-EFFECTIVE AMENDMENT NO. 46

FIDELITY CALIFORNIA MUNICIPAL TRUST II (File Nos. 033-42890 and 811-06397)

Fidelity California Municipal Money Market Fund and Spartan California Municipal Money Market Fund

POST-EFFECTIVE AMENDMENT NO. 26

FIDELITY CONCORD STREET TRUST (File Nos. 033-15983 and 811-05251)

Spartan Total Market Index Fund, Spartan Extended Market Index Fund, Spartan International Index Fund,
Fidelity U.S. Bond Index Fund, and Spartan U.S. Equity Index Fund

POST-EFFECTIVE AMENDMENT NO. 42

FIDELITY OXFORD STREET TRUST (File Nos. 002-77909 and 811-03480)

Fidelity Four-in-One Index Fund

POST-EFFECTIVE AMENDMENT NO. 56

FIDELITY SELECT TRUST (File Nos. 002-69972 and 811-03114)

Fidelity Select Air Transportation Portfolio, Fidelity Select Automotive Portfolio, Fidelity Select Banking
Portfolio, Fidelity Select Biotechnology Portfolio, Fidelity Select Brokerage and Investment Management
Portfolio, Fidelity Select Business Services and Outsourcing Portfolio, Fidelity Select Chemicals Portfolio,
Fidelity Select Computers Portfolio, Fidelity Select Construction and Housing Portfolio, Fidelity Select
Consumer Industries Portfolio, Fidelity Select Cyclical Industries Portfolio, Fidelity Select Defense and
Aerospace Portfolio, Fidelity Select Developing Communications Portfolio, Fidelity Select Electronics
Portfolio, Fidelity Select Energy Portfolio, Fidelity Select Energy Service Portfolio, Fidelity Select
Environmental portfolio, Fidelity Select Financial Services Portfolio, Fidelity Select Food and Agriculture
Portfolio, Fidelity Select Gold Portfolio, Fidelity Select Health Care Portfolio, Fidelity Select Home
Finance Portfolio, Fidelity Select Industrial Equipment Portfolio, Fidelity Select Industrial Materials
Portfolio, Fidelity Select Insurance Portfolio, Fidelity Select Leisure Portfolio, Fidelity Select Medical
Delivery Portfolio, Fidelity Select Medical Equipment and Systems Portfolio, Fidelity Select Multimedia
Portfolio, Fidelity Select Natural Gas Portfolio, Fidelity Select Natural Resources Portfolio, Fidelity Select
Networking and Infrastructure Portfolio, Fidelity Select Paper and Forest Products Portfolio, Fidelity Select
Pharmaceuticals Portfolio, Retailing Portfolio, Fidelity Select Software and Computer Services Portfolio,
Fidelity Select Technology Portfolio, Fidelity Select Telecommunications Portfolio, Fidelity Select
Transportation Portfolio, Fidelity Select Utilities Growth Portfolio, Fidelity Select Wireless Portfolio,
Fidelity Select Money Market Portfolio

POST-EFFECTIVE AMENDMENT NO. 80

1.	All funds

	Performance Charts, Fee Tables, Financial Highlights, Portfolio Manager Compensation, and Trustee
Compensation Tables (prospectuses and statements of additional information (SAIs))

	C:	Please submit completed performance charts, fee tables, financial highlights, portfolio manager
compensation, and the trustee compensation tables when the information becomes available.

	R:	The requested information will be sent to you when it becomes available.

2.	All funds

"Investment Summary" (prospectuses)

"Principal Investment Strategies"

(All Funds (except Fidelity Four-in-One Index Fund, Spartan Total Market Index Fund, Spartan Extended
Market Index Fund, Spartan International Index Fund, and Spartan U.S. Equity Index Fund))

"Fidelity Management & Research Company (FMR)'s principal investment strategies include:"

(Fidelity Four-in-One Index Fund)

"Strategic Advisers, Inc. (Strategic Advisers)'s principal investment strategies include:"

(Spartan Total Market Index Fund, Spartan Extended Market Index Fund, Spartan International Index Fund,
and Spartan U.S. Equity Index Fund)

"Geode Capital Management, LLC (Geode)'s principal investment strategies include:"

	C:	The Staff indicated that all investment strategies of the fund should be addressed, therefore the
use of the word "include" may suggest that the fund has other principal investment strategies
which are not described. As such, the Staff suggests changing the word "include" to the word
"are."

	R:	The introductory clause will be removed in the funds' next filing.

3.	Fidelity U.S. Bond Index Fund, Spartan Total Market Index Fund, Spartan Extended Market Index Fund,
Spartan International Index Fund, and Spartan U.S. Equity Index Fund

"Investment Summary" (prospectuses)

"Principal Investment Strategies"

(Fidelity U.S. Bond Index Fund Fund)

"Normally investing at least 80% of the fund's assets in bonds included in the Lehman Brothers Aggregate
Bond Index."

(Spartan Total Market Index Fund)

"Normally investing at least 80% of assets in common stocks included in the Dow Jones Wilshire 5000
Composite Index (Dow Jones Wilshire 5000), which represents the performance of a broad range of U.S.
stocks."

(Spartan Extended Market Index Fund)

"Normally investing at least 80% of assets in common stocks included in the Dow Jones Wilshire 4500
Completion Index (Dow Jones Wilshire 4500), which represents the performance of stocks of mid- to
small-capitalization U.S. companies."

(Spartan International Index Fund)

"Normally investing at least 80% of assets in common stocks included in the Morgan Stanley Capital
International Europe Australia, Far East (MSCI EAFE) Index, which represents the performance of foreign
stock markets."

(Spartan U.S. Equity Index Fund)

"Normally investing at least 80% of the fund's assets in common stocks included in the Standard & Poors
Index (S&P 500), which broadly represents the performance of common stocks publicly traded in the
United States."

	C:	The Staff would like us to add disclosure showing the market capitalization ranges for the
indices noted above as of a recent date.

	R:	As the capitalization range of an index varies over time, we believe it is more appropriate to
identify well-publicized indices by name rather than giving a snapshot of the capitalization
range of an index as of a single date. Accordingly, we have not modified the disclosure.

4.	Spartan U.S. Equity Index Fund

"Investment Summary" (prospectus)

"Principal Investment Strategies"

"Lending securities to earn income for the fund"

	C:	The Staff believes that corresponding risk disclosure should be included in the "Principal
Investment Risks" section.

	R:	We believe that the risks involved in using other investment strategies are adequately described
in the "Investment Details" section (See, e.g., "Issuer Specific Changes"). The corresponding
risk disclosure under "Principal Investment Risks" in the "Investment Summary" section is
meant to only be a summary of this disclosure in accordance with Item 2(c)(1)(i) of Form N-1A.

5.	Spartan Total Market Index Fund

"Investment Summary" (prospectus)

"Principal Investment Risks"

	C:	The Staff notes that if the fund invests or has the potential to invest in "small" and "mid" cap
securities corresponding risk disclosure should be added.

	R:	Consistent with Item 2(b) of Form N-1A, the disclosure provided in the "Investment Summary"
section summarizes how the fund intends to achieve its investment objective by identifying the
fund's principal investment strategies. The fund does not have a principal investment strategy of
investing in securities of companies with a particular market capitalization, nor does the fund
have a principal investment strategy emphasizing a particular investment style. Therefore, such
disclosure is not applicable for the fund. Accordingly we have not modified the disclosure.

6.	Fidelity U.S. Bond Index Fund

"Investment Summary" (prospectus)

"Principal Investment Risks"

"Issuer-Specific Changes. The value of an individual security or particular type of security can be more
volatile than the market as a whole and can perform differently from the value of the market as a whole."

	C:	The Staff believes that the "Issuer-Specific Changes" risk disclosure does not reflect the credit
risks involved in investing in debt securities and believes that corresponding credit risk
disclosure should be added under the sub-heading "Principal Investment Risks" in the
"Investment Summary" section.

	R:	The disclosure at issue summarizes the risks associated with changes in an issuer's credit quality
by recognizing that, for reasons specific to a particular issuer, "[t]he value of an individual
security or particular type of security can be more volatile than the market as a whole and can
perform differently from the value of the market as a whole." Many issuer-specific risk factors,
including changes in the financial condition of a particular issuer and changes in the economic
and political environment that may impact issuers of a particular type, relate to an issuer's credit
quality and can cause the value of its securities to decline when the market as a whole may be
rising.

7.	All funds (except Fidelity California Municipal Money Market Fund, Spartan California Municipal Money
Market Fund, and Fidelity Select Money Market Portfolio)

"Performance" (prospectuses)

"Average Annual Returns"

	C:	The Staff believes that the index descriptions following the average annual returns table should
be presented in a footnote. Otherwise, this disclosure is not appropriate in this section.

	R:	We believe that the information is presented in a way that is clear to investors. Additionally, we
do not believe that there is any requirement to present the disclosure that follows the Average
Annual Returns table in a footnote, and would prefer not to change the current presentation.

8.	All Funds (except Fidelity U.S. Bond Index Fund, Spartan California Municipal Income Fund and Spartan
U.S. Equity Index Fund)

"Fee Table" (prospectuses)

	C:	The "Shareholder fees" and "Annual operating expenses" information should be presented as
one table with all footnotes following the table in its entirety. The Staff believes that inserting
footnotes after the "Shareholder fees" information results in two tables instead of one.

	R:	As we have previously discussed with the Staff, we believe that the information included under
the subheadings "Shareholder fees" and "Annual operating expenses" in the "Fee Table" section
of the prospectus is presented in a manner consistent with Item 3 of Form N-1A. The footnotes
that support the information under each subheading are provided in the closest proximity
possible to that information to facilitate shareholder understanding of the information presented.
We note that General Instruction C.1(a) to Form N-1A states that a fund should use document
design techniques that promote effective communication, and we believe this format most
effectively communicates the information presented.

9.	Fidelity Four-In-One Index Fund

"Fee Table" (prospectus)

	C:	The Staff requests that the disclosure following the "Annual operating expenses" table
concerning the fund's total operating expense and combined total expense ratio should be
presented in a footnote.

	R:	We believe that presenting disclosure in narrative form rather than in an additional footnote to
the fee table provides a clearer presentation for the shareholder.

10.	All funds (except Fidelity California Municipal Money Market Fund, Spartan California Municipal Money
Market Fund, Fidelity Four-in-One Index Fund, and Fidelity Select Money Market Portfolio)

"Investment Details" (prospectuses)

"Principal Investment Strategies"

(Spartan Total Market Index Fund, Spartan Extended Market Index Fund, Spartan International Index Fund,
and Spartan U.S. Equity Index Fund)

"In addition to the principal investment strategies discussed above, Geode may use various techniques, such
as buying and selling futures contracts, swaps, and exchange traded funds, to increase or decrease the fund's
exposure to changing security prices or other factors that affect security values. If Geode's strategies do not
work as intended, the fund may not achieve its objective."

(Fidelity U.S. Bond Index Fund)

"In addition to the principal investment strategies discussed above, FMR may use various techniques, such as
buying and selling futures contracts, swaps, and exchange traded funds, to increase or decrease the fund's
exposure to changing security prices, interest rates or other factors that affect security values. FMR may
invest the fund's assets in investment-grade debt securities by investing in other funds. If FMR's strategies do
not work as intended, the fund may not achieve its objective."

(Spartan California Municipal Income Fund)

"In addition to the principal investment strategies discussed above, FMR may invest the fund's assets in
lower-quality debt securities, and may use various use various techniques, such as buying and selling futures
contracts, swaps, and exchange traded funds, to increase or decrease the fund's exposure to changing security
prices, interest rates or other factors that affect security values. FMR may invest the fund's assets in municipal
debt securities by investing in other funds. If FMR's strategies do not work as intended, the fund may not
achieve its objective."

(Fidelity Select Stock Portfolios)

"In addition to the principal investment strategies discussed above, FMR may lend the fund's securities to
broker-dealers or other institutions to earn income for the fund."

	C:	The Staff suggests that these are not principal strategies and they should be deleted from this
section and possibly moved into a newly created section.

	R:	We believe that the phrase "In addition to the principal investment strategies discussed above,"
added to disclosure pursuant to the Staff's previous comments, adequately conveys that the
strategies that follow are not currently considered principal. In addition, General Instruction
C.(3)(b) permits a fund to include in its prospectus (except in the Item 2 and Item 3 sections of
the prospectus) information that is not otherwise required, provided the information is not
incomplete, inaccurate, or misleading, and the disclosure does not obscure or impede
understanding of the information that is required to be included. We feel the disclosure provides
shareholders with additional significant information about the funds' strategies and propose to
retain it in this section.

11.	Fidelity Four-in-One Index Fund

"Investment Details" (prospectus)

"Description of Underlying Fidelity Funds"

	C:	The Staff believes that a discussion of the Fidelity U.S. Bond Index Fund's maturity policy and
dollar-weighted average maturity should be included in this section.

	R:	The fund is an index fund that does not have a principal investment strategy to invest in
securities of a particular maturity and therefore we have not changed the disclosure.

12.	Fidelity Four-in-One-Index Fund

"Investment Details" (prospectus)

"Description of Underlying Fidelity Funds"

	C:	What is the market capitalization strategy for Spartan 500 Index Fund, Spartan Extended Market
Index Fund, and Spartan International Index Fund.

	R:	The funds do not have a principal investment strategy of investing in securities of companies
with a particular market capitalization.

13.	 All Funds (except Fidelity California Municipal Money Market Fund, Spartan California Municipal Money
Market Fund, and Fidelity Select Portfolios)

"Buying and Selling Shares" (prospectuses)

"The fund's Treasurer is authorized to suspend the fund's policies during periods of severe market turbulence
or national emergency. There is no assurance that the fund's Treasurer will exercise this authority or, if the
Treasurer does so, that the fund will be protected from the risks associated with frequent trading."

	C:	The Staff questions whether the above underlined language is related to the Treasurer's
withdrawn ability to grant exemptions and if so whether the language is still relevant.

	R:	The underlined language is related to the