<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
"Rule 24f-2 Notice"
Fidelity Government Securities Fund
(Name of Registrant)
File No. 2-62529
</PAGE>
<PAGE>
FILE NO. 2-62529
Fidelity Government Securities Fund
:
RULE 24F-2 - FILED PURSUANT TO RULE
24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940
(i) Fiscal Year for Which Notice Filed
Fiscal year ended September 30, 1995
(ii) Number of Securities Which Remained Unsold at Beginning of
Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
29,165,193 shares
(iii) Number of Securities Registered During Fiscal Year Other
Than Pursuant
to Rule 24f-2
5,901,711 shares
(iv) Number of Securities Sold During Fiscal Year
60,339,165 shares
For information relating to the calculation of the filing fee,
see Note (1) below.
(v) Number of Securities Sold During Fiscal Year Pursuant to Rule
24f-2
39,778,275 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
39,778,275
$
377,565,960
Redemptions:
(39,778,275)
$
(377,565,960)
Net Sales Pursuant to Rule 24f-2:
0
$
0
</TABLE>
Note (1) : Pursuant to Rule 24f-2(c), the filing fee, calculated
in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $0
Fidelity Government Securities Fund
:
By John H. Costello
Assistant Treasurer
</PAGE>
November 17, 1995
Mr. John Costello, Assistant Treasurer
Fidelity Government Securities Fund (the trust):
Fidelity Government Securities Fund (the fund)
82 Devonshire Street
Boston, Massachusetts 02109
Dear Mr. Costello:
Fidelity Government Securities Fund is a Massachusetts business
trust created under a written Declaration of Trust executed and
delivered in Boston, Massachusetts on September 20, 1991. On
December 31, 1991, the fund adopted the registration of Fidelity
Government Securities Fund (a limited partnership).
I have conducted such legal and factual inquiry as I have deemed
necessary for the purpose of rendering this opinion.
Capitalized terms used herein, and not otherwise herein defined, are
used as defined in the Declaration of Trust.
Under Article III, Section 1, of the Declaration of Trust, the
beneficial interest in the trust shall be divided into such transferable
Shares of one or more separate and distinct Series or classes as the
trustees shall from time to time create and establish. The number of
Shares is unlimited and each Share shall be without par value and
shall be fully paid and non assessable. The trustees shall have full
power and authority, in their sole discretion and without obtaining
any prior authorization or vote of the Shareholders or any Series or
class of Shareholders of the trust, to create and establish (and to
change in any manner) Shares or any classes thereof with such
preferences, voting powers, rights and privileges as the trustees
may from time to time determine, to divide or combine the Shares
or any Series or classes thereof into a greater or lesser number, to
classify or reclassify any issued Shares or any Series or classes
thereof into one or more Series or classes of Shares, to abolish any
one or more Series or classes of Shares, and to take such other
action with respect to the Shares as the trustees may deem
desirable.
Under Article III, Section 4, the trustees shall accept investments in
the trust from such persons and on such terms as they may from
time to time authorize. Such investments may be in the form of
cash or securities in which the appropriate Series is authorized to
invest, valued as provided in Article X, Section 3. After the date of
the initial contribution of capital, the number of Shares to represent
the initial contribution may in the trustees' discretion be considered
as outstanding and the amount received by the trustees on account
of the contribution shall be treated as an asset of the trust.
Subsequent investments in the trust shall be credited to each
Shareholder's account in the form of full Shares at the Net Asset
Value per Share next determined after the investment is received;
provided, however, that the trustees may, in their sole discretion,
(a) impose a sales charge upon investments in the trust and (b) issue
fractional Shares.
By a vote adopted on September, 20 ,1991, the Board of Trustees
authorized the issue and sale, from time to time, of an unlimited
number of shares of beneficial interest of the trust in accordance
with the terms included in the current Registration Statement and
subject to the limitations of the Declaration of Trust and any
amendments thereto.
I understand from you that, pursuant to Rule 24f-2 under the
Investment Company Act of 1940, the trust has registered an
indefinite amount of shares of beneficial interest under the
Securities Act of 1933. I further understand that, pursuant to the
provisions of Rule 24f-2, the trust intends to file with the
Securities and Exchange Commission a Notice making definite the
registration of 39,778,275 shares of the trust (the "Shares") sold in
reliance upon Rule 24f-2 during the fiscal year ended September
30, 1995.
I am of the opinion that all necessary trust action precedent to the
issue of Shares has been duly taken, and that all the Shares were
legally and validly issued, and are fully paid and non assessable,
except as described in the fund's Statement of Additional
Information under the heading "Shareholder and Trustee Liability."
In rendering this opinion, I rely on the representation by the trust
that it or its agent received consideration for the Shares in
accordance with the Declaration of Trust and I express no opinion
as to compliance with the Securities Act of 1933, the Investment
Company Act of 1940 or applicable state "Blue Sky" or securities
laws in connection with sales of the Shares.
I hereby consent to the filing of this opinion with the Securities and
Exchange Commission in connection with a Rule 24f-2 Notice
which you are about to file under the 1940 Act with said
commission.
Sincerely,
/s/Arthur S. Loring
Arthur S. Loring
Vice President- Legal
