FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

INVESTMENT COMPANY ACT FILE NUMBER: 811-03587

EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Financial Trust

Fund Name: Fidelity Convertible Securities Fund

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: NOVEMBER 30

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 Financial Trust

BY:  /s/ KIMBERLEY MONASTERIO*
KIMBERLEY MONASTERIO, TREASURER
DATE: 08/13/2007 12:01:37 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 Convertible Securities Fund
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: AMERICAN STANDARD COMPANIES, INC. MEETING DATE: 05/03/2007
TICKER: ASD     SECURITY ID: 029712106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT STEVEN E. ANDERSON AS A DIRECTOR	Management	For	For
1. 2	ELECT STEVEN F. GOLDSTONE AS A DIRECTOR	Management	For	For
1. 3	ELECT RUTH ANN MARSHALL AS A DIRECTOR	Management	For	For
2	DIRECTORS PROPOSAL - AMENDMENT TO THE AMERICAN STANDARD COMPANIES INC. 2002 OMNIBUS INCENTIVE PLAN.	Management	For	Against
3	DIRECTORS PROPOSAL - 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
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: AMKOR TECHNOLOGY, INC. MEETING DATE: 08/08/2006
TICKER: AMKR     SECURITY ID: 031652100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ROGER A. CAROLIN AS A DIRECTOR	Management	For	For
1. 2	ELECT WINSTON J. CHURCHILL AS A DIRECTOR	Management	For	For
1. 3	ELECT GREGORY K. HINCKLEY AS A DIRECTOR	Management	For	For
1. 4	ELECT JAMES J. KIM AS A DIRECTOR	Management	For	For
1. 5	ELECT JOHN T. KIM AS A DIRECTOR	Management	For	For
1. 6	ELECT CONSTANTINE N PAPADAKIS AS A DIRECTOR	Management	For	For
1. 7	ELECT JAMES W. ZUG AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF 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: CELANESE CORPORATION MEETING DATE: 08/14/2006
TICKER: CE     SECURITY ID: 150870103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT MARTIN G. MCGUINN AS A DIRECTOR	Management	For	For
1. 2	ELECT JOHN K. WULFF 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: CELANESE CORPORATION MEETING DATE: 04/26/2007
TICKER: CE     SECURITY ID: 150870103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT CHINH E. CHU AS A DIRECTOR	Management	For	For
1. 2	ELECT MARK C. ROHR AS A DIRECTOR	Management	For	For
1. 3	ELECT DAVID N. WEIDMAN AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT 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: CHARTER COMMUNICATIONS, INC. MEETING DATE: 06/12/2007
TICKER: CHTR     SECURITY ID: 16117M107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ROBERT P. MAY AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE 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: COINMACH SERVICE CORP. MEETING DATE: 07/27/2006
TICKER: DRA     SECURITY ID: 19259W206
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT STEPHEN R. KERRIGAN AS A DIRECTOR	Management	For	For
1. 2	ELECT JAMES N. CHAPMAN AS A DIRECTOR	Management	For	For
1. 3	ELECT DAVID A. DONNINI AS A DIRECTOR	Management	For	For
1. 4	ELECT WOODY M. MCGEE AS A DIRECTOR	Management	For	For
1. 5	ELECT BRUCE V. RAUNER AS A DIRECTOR	Management	For	For
1. 6	ELECT JOHN R. SCHEESSELE AS A DIRECTOR	Management	For	For
1. 7	ELECT WILLIAM M. KELLY AS A DIRECTOR	Management	For	For
2	RATIFICATION OF ERNST & YOUNG LLP TO SERVE AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING MARCH 31, 2007.	Management	For	For
3	IN THEIR DISCRETION, PROXIES HAVE AUTHORITY TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR OF ANY ADJOURNMENT OR POSTPONEMENT THEREOF.	Management	For	Abstain
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: FREIGHTCAR AMERICA INC MEETING DATE: 05/15/2007
TICKER: RAIL     SECURITY ID: 357023100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT CHRISTIAN RAGOT AS A DIRECTOR	Management	For	For
1. 2	ELECT WILLIAM D. GEHL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS OUR 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: GLOBAL CASH ACCESS HOLDINGS, INC. MEETING DATE: 05/04/2007
TICKER: GCA     SECURITY ID: 378967103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ROBERT CUCINOTTA AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT CHARLES J. FITZGERALD AS A DIRECTOR	Management	For	For
1. 3	ELECT GEOFF JUDGE AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S 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: LEVEL 3 COMMUNICATIONS, INC. MEETING DATE: 05/24/2007
TICKER: LVLT     SECURITY ID: 52729N100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT WALTER SCOTT, JR. AS A DIRECTOR	Management	For	For
1. 2	ELECT JAMES Q. CROWE AS A DIRECTOR	Management	For	For
1. 3	ELECT ROBERT E. JULIAN AS A DIRECTOR	Management	For	For
1. 4	ELECT ARUN NETRAVALI AS A DIRECTOR	Management	For	For
1. 5	ELECT JOHN T. REED AS A DIRECTOR	Management	For	For
1. 6	ELECT MICHAEL B. YANNEY AS A DIRECTOR	Management	For	For
2	TO APPROVE THE GRANTING TO THE LEVEL 3 BOARD OF DIRECTORS OF DISCRETIONARY AUTHORITY TO AMEND LEVEL 3 S RESTATED CERTIFICATE OF INCORPORATION TO EFFECT A REVERSE STOCK SPLIT AT ONE OF FOUR RATIOS.	Management	For	For
3	TO AUTHORIZE THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.	Management	For	Abstain
4	STOCKHOLDER PROPOSAL TO ELIMINATE SUPERMAJORITY PROVISIONS IN THE LEVEL 3 RESTATED CERTIFICATE OF INCORPORATION AND BY-LAWS.	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: MIRANT CORPORATION MEETING DATE: 05/08/2007
TICKER: MIR     SECURITY ID: 60467R100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT THOMAS W. CASON AS A DIRECTOR	Management	For	For
1. 2	ELECT A.D. (PETE) CORRELL AS A DIRECTOR	Management	For	For
1. 3	ELECT TERRY G. DALLAS AS A DIRECTOR	Management	For	For
1. 4	ELECT THOMAS H. JOHNSON AS A DIRECTOR	Management	For	For
1. 5	ELECT JOHN T. MILLER AS A DIRECTOR	Management	For	For
1. 6	ELECT EDWARD R. MULLER AS A DIRECTOR	Management	For	For
1. 7	ELECT ROBERT C. MURRAY AS A DIRECTOR	Management	For	For
1. 8	ELECT JOHN M. QUAIN AS A DIRECTOR	Management	For	For
1. 9	ELECT WILLIAM L. THACKER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF KPMG LLP AS INDEPEDENT AUDITOR 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: MONSANTO COMPANY MEETING DATE: 01/17/2007
TICKER: MON     SECURITY ID: 61166W101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT FRANK V. ATLEE III AS A DIRECTOR	Management	For	For
1. 2	ELECT ARTHUR H. HARPER AS A DIRECTOR	Management	For	For
1. 3	ELECT GWENDOLYN S. KING AS A DIRECTOR	Management	For	For
1. 4	ELECT SHARON R. LONG, PH.D. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For
3	APPROVAL OF SHAREOWNER PROPOSAL	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: MOVE, INC. MEETING DATE: 06/14/2007
TICKER: MOVE     SECURITY ID: 62458M108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT WILLIAM E. KELVIE AS A DIRECTOR	Management	For	Withhold
1. 2	ELECT KENNETH K. KLEIN AS A DIRECTOR	Management	For	For
1. 3	ELECT GERALDINE B. LAYBOURNE 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: NATIONAL OILWELL VARCO, INC. MEETING DATE: 06/05/2007
TICKER: NOV     SECURITY ID: 637071101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT BEN A. GUILL AS A DIRECTOR	Management	For	For
1. 2	ELECT ROGER L. JARVIS AS A DIRECTOR	Management	For	For
1. 3	ELECT ERIC L. MATTSON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF 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: OMI CORPORATION MEETING DATE: 06/28/2007
TICKER: OMM     SECURITY ID: Y6476W104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT MICHAEL KLABANOFF AS A DIRECTOR	Management	For	For
1. 2	ELECT DONALD C. TRAUSCHT AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS AUDITORS OF THE CORPORATION FOR THE 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: ON SEMICONDUCTOR CORPORATION MEETING DATE: 05/16/2007
TICKER: ONNN     SECURITY ID: 682189105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT J. DANIEL MCCRANIE AS A DIRECTOR	Management	For	For
1. 2	ELECT KEVIN R. BURNS AS A DIRECTOR	Management	For	Withhold
1. 3	ELECT EMMANUEL T. HERNANDEZ AS A DIRECTOR	Management	For	For
2	TO RATIFY 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: SASOL LIMITED MEETING DATE: 10/03/2006
TICKER: SSL     SECURITY ID: 803866300
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	SPECIAL RESOLUTION NUMBER 1: SPECIFIC AUTHORITY TO REPURCHASE TREASURY SHARES	Management	For	For
2	SPECIAL RESOLUTION NUMBER 2: GENERAL AUTHORITY TO REPURCHASE SHARES	Management	For	For
3	ORDINARY RESOLUTION NUMBER 1: ANY DIRECTOR OR SECRETARY AUTHORISED TO DO ALL THINGS NECESSARY TO GIVE EFFECT TO SPECIAL RESOLUTION NUMBER 1 AND 2	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: SASOL LIMITED MEETING DATE: 11/23/2006
TICKER: SSL     SECURITY ID: 803866300
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO RECEIVE AND CONSIDER THE ANNUAL FINANCIAL STATEMENTS OF THE COMPANY AND OF THE GROUP FOR THE YEAR ENDED 30 JUNE 2006, TOGETHER WITH THE REPORTS OF THE DIRECTORS AND AUDITORS	Management	For	For
2. 1	ELECT E LE R BRADLEY* AS A DIRECTOR	Management	For	For
2. 2	ELECT B P CONNELLAN* AS A DIRECTOR	Management	For	For
2. 3	ELECT P V COX* AS A DIRECTOR	Management	For	For
2. 4	ELECT L P A DAVIES* AS A DIRECTOR	Management	For	For
2. 5	ELECT M S V GANTSHO* AS A DIRECTOR	Management	For	For
2. 6	ELECT J E SCHREMPP* AS A DIRECTOR	Management	For	For
2. 7	ELECT H G DIJKGRAAF** AS A DIRECTOR	Management	For	For
2. 8	ELECT A M MOKABA** AS A DIRECTOR	Management	For	For
2. 9	ELECT T S MUNDAY** AS A DIRECTOR	Management	For	For
2. 10	ELECT T H NYASULU** AS A DIRECTOR	Management	For	For
2. 11	ELECT K C RAMON** AS A DIRECTOR	Management	For	For
3	TO RE-APPOINT THE AUDITORS, KPMG INC.	Management	For	For
4	SPECIAL RESOLUTION NUMBER 1 - TO AUTHORISE THE DIRECTORS TO APPROVE THE PURCHASE BY THE COMPANY, OR BY ANY OF ITS SUBSIDIARIES, OF UP TO 10% OF THE COMPANY S SHARES, SUBJECT TO THE PROVISIONS OF THE COMPANIES ACT AND THE RULES AND REQUIREMENTS OF THE JSE LIMITED	Management	For	For
5	ORDINARY RESOLUTION NUMBER 1 - TO APPROVE THE REVISED ANNUAL FEES PAYABLE BY THE COMPANY TO NON-EXECUTIVE DIRECTORS OF THE COMPANY AND ANY OF ITS SUBSIDIARIES WITH EFFECT FROM 1 JULY 2006	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: SERVICE CORPORATION INTERNATIONAL MEETING DATE: 05/09/2007
TICKER: SCI     SECURITY ID: 817565104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT ALAN R. BUCKWALTER, III AS A DIRECTOR	Management	For	For
1. 2	ELECT VICTOR L. LUND AS A DIRECTOR	Management	For	For
1. 3	ELECT JOHN W. MECOM, JR. AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR FISCAL 2007.	Management	For	For
3	APPROVAL OF A PROPOSAL TO APPROVE THE AMENDED 1996 INCENTIVE PLAN.	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: TEEKAY SHIPPING CORPORATION MEETING DATE: 05/29/2007
TICKER: TK     SECURITY ID: Y8564W103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT PETER S. JANSON AS A DIRECTOR	Management	For	For
1. 2	ELECT EILEEN A. MERCIER AS A DIRECTOR	Management	For	For
1. 3	ELECT TORE I. SANDVOLD AS A DIRECTOR	Management	For	For
2	APPROVAL OF AMENDMENT TO AMENDED AND RESTATED ARTICLES OF INCORPORATION. APPROVE AN AMENDMENT TO TEEKAY S AMENDED AND RESTATED ARTICLES OF INCORPORATION CHANGING TEEKAY S NAME TO TEEKAY CORPORATION .	Management	For	For
3	RATIFICATION OF INDEPENDENT AUDITORS. RATIFY THE SELECTION OF ERNST & YOUNG LLP, CHARTERED ACCOUNTANTS, AS THE COMPANY S INDEPENDENT AUDITORS 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: VALERO ENERGY CORPORATION MEETING DATE: 04/26/2007
TICKER: VLO     SECURITY ID: 91913Y100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT RUBEN M. ESCOBEDO AS A DIRECTOR	Management	For	For
1. 2	ELECT BOB MARBUT AS A DIRECTOR	Management	For	For
1. 3	ELECT ROBERT A. PROFUSEK AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF KPMG LLP AS VALERO S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2007.	Management	For	For
3	VOTE ON A SHAREHOLDER PROPOSAL ENTITLED, DIRECTOR ELECTION MAJORITY VOTE PROPOSAL.	Shareholder	Against	For
4	VOTE ON A SHAREHOLDER PROPOSAL ENTITLED, SHAREHOLDER RATIFICATION OF EXECUTIVE COMPENSATION PROPOSAL.	Shareholder	Against	Abstain
5	VOTE ON A SHAREHOLDER PROPOSAL ENTITLED, SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN POLICY PROPOSAL.	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: WEYERHAEUSER COMPANY MEETING DATE: 04/19/2007
TICKER: WY     SECURITY ID: 962166104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1. 1	ELECT STEVEN R. ROGEL AS A DIRECTOR	Management	For	For
1. 2	ELECT DEBRA A. CAFARO AS A DIRECTOR	Management	For	For
1. 3	ELECT RICHARD H. SINKFIELD AS A DIRECTOR	Management	For	For
1. 4	ELECT D. MICHAEL STEUERT AS A DIRECTOR	Management	For	For
1. 5	ELECT JAMES N. SULLIVAN AS A DIRECTOR	Management	For	For
1. 6	ELECT KIM WILLIAMS AS A DIRECTOR	Management	For	For
2	SHAREHOLDER PROPOSAL ON POLITICAL CONTRIBUTIONS	Shareholder	Against	Abstain
3	SHAREHOLDER PROPOSAL ON MAJORITY VOTE	Shareholder	Against	For
4	SHAREHOLDER PROPOSAL ON WOOD SUPPLY	Shareholder	Against	Abstain
5	APPROVAL, ON AN ADVISORY BASIS, OF THE APPOINTMENT OF 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.

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