Fidelity Special Values PLC 

List of Top Ten Investments and all Holdings over 5% of Gross Assets at 30
November 2003, announced in accordance with Listing Rule 21.20 (l) (ii).

Security Description                         % Gross Assets
                                                           
CARLTON COMMUNICATIONS                                 2.69
                                                           
SAFEWAY                                                2.68
                                                           
MMO2                                                   2.35
                                                           
LAND SECURITIES                                        2.28
                                                           
PRUDENTIAL                                             1.97
                                                           
CELLTECH GROUP                                         1.78
                                                           
ORKLA 'A'                                              1.76
                                                           
WILLIAM HILL                                           1.74
                                                           
SHIRE PHARMACEUTICALS GRP                              1.72
                                                           
AMLIN                                                  1.66
                                                           
                                                      20.65



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