<PAGE> PAGE 1
000 B000000 09/30/98
000 C000000 0000035331
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FIDELITY DESTINY PORTFOLIOS
001 B000000 811-1796
001 C000000 6175631413
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 DESTINY I
007 C030100 N
007 C010200 2
007 C020200 DESTINY II
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
<PAGE> PAGE 2
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
<PAGE> PAGE 3
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
008 A00AA01 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B00AA01 A
008 C00AA01 801-7884
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02109
008 A00AA02 FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
008 B00AA02 S
008 C00AA02 801-28773
008 D01AA02 LONDON
008 D05AA02 ENGLAND
008 A00AA03 FIDELITY MANAGEMENT & RESEARCH (FAR EAST) INC
008 B00AA03 S
008 C00AA03 801-28774
008 D01AA03 TOKYO
008 D05AA03 JAPAN
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
011 B00AA01 8-8775
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
012 A00AA01 FIDELITY SERVICE COMPANY, INC.
012 B00AA01 84-00216
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA01 8-23292
014 A00AA02 FIDELITY DISTRIBUTORS CORPORATION
014 B00AA02 8-8775
014 A00AA03 FIDELITY BROKERAGE SERVICES
014 B00AA03 8-0000
014 A00AA04 NATIONAL FINANCIAL SERVICES CORP.
014 B00AA04 8-26740
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02109
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 226
<PAGE> PAGE 4
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY BROKERAGE SERVICES, INC.
020 B000001 04-2653569
020 C000001 1128
020 A000002 CS FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002 542
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003 486
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004 370
020 A000005 NATIONSBANC MONT SECS (EQTY)
020 B000005 00-0000000
020 C000005 358
020 A000006 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
020 B000006 13-2741729
020 C000006 344
020 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000007 13-5670485
020 C000007 343
020 A000008 SCHRODER & CO., INC.
020 B000008 13-2697272
020 C000008 338
020 A000009 BROWN (ALEX) & SON, INC.
020 B000009 52-1319768
020 C000009 336
020 A000010 DEUTSCHE BANK SECS INC. (US)
020 B000010 13-2730828
020 C000010 232
021 000000 7551
022 A000001 TAXABLE CENTRAL CASH FUND
022 B000001 04-3331103
022 C000001 2252025
022 D000001 2069489
022 A000002 FIDELITY CONTRA FUND
022 B000002 04-6056833
022 C000002 276500
022 D000002 113967
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003 63041
022 D000003 259283
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004 9671
022 D000004 204002
022 A000005 GOLDMAN SACHS & CO.
022 B000005 13-5108880
022 C000005 121385
<PAGE> PAGE 5
022 D000005 76716
022 A000006 SMITH BARNEY, INC.
022 B000006 13-1912900
022 C000006 103913
022 D000006 58527
022 A000007 FIDELITY ASSET MANAGER FUND
022 B000007 04-3037078
022 C000007 78597
022 D000007 19372
022 A000008 MORGAN STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008 48125
022 D000008 30970
022 A000009 FIDELITY MAGELLAN FUND
022 B000009 04-6049970
022 C000009 29790
022 D000009 48011
022 A000010 DEUTSCH BANK
022 B000010 13-2869428
022 C000010 0
022 D000010 75319
023 C000000 3785460
023 D000000 3415233
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
<PAGE> PAGE 6
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 N
048 00AA00 0.000
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 Y
052 00AA00 Y
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
<PAGE> PAGE 7
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 Y
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
<PAGE> PAGE 8
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 B00AA00 NATIONAL UNION INSURANCE COMPANY
080 C00AA00 220000
081 A00AA00 Y
081 B00AA00 224
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 TAXABLE CENTRAL CASH FUND
025 B000101 04-3331103
025 C000101 D
025 D000101 320492
025 A000102 DELETE
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 18203
028 A020100 0
028 A030100 0
<PAGE> PAGE 9
028 A040100 47763
028 B010100 17379
028 B020100 0
028 B030100 0
028 B040100 36368
028 C010100 21069
028 C020100 0
028 C030100 0
028 C040100 43418
028 D010100 16627
028 D020100 0
028 D030100 0
028 D040100 43523
028 E010100 14840
028 E020100 0
028 E030100 0
028 E040100 32698
028 F010100 17136
028 F020100 0
028 F030100 0
028 F040100 31778
028 G010100 105254
028 G020100 0
028 G030100 0
028 G040100 235548
028 H000100 0
055 A000100 N
055 B000100 Y
056 000100 Y
057 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
<PAGE> PAGE 10
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 Y
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 1623538
071 B000100 1893882
071 C000100 6059060
071 D000100 27
072 A000100 12
072 B000100 57753
072 C000100 72918
072 D000100 0
072 E000100 0
072 F000100 19657
072 G000100 0
072 H000100 0
072 I000100 384
072 J000100 207
072 K000100 0
072 L000100 0
072 M000100 38
072 N000100 17
072 O000100 0
072 P000100 1
072 Q000100 824
072 R000100 76
072 S000100 21
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 23
072 X000100 21248
072 Y000100 53
072 Z000100 109476
072AA000100 517544
072BB000100 0
072CC010100 0
072CC020100 106149
072DD010100 111210
072DD020100 0
<PAGE> PAGE 11
072EE000100 480405
073 A010100 0.4700
073 A020100 0.0000
073 B000100 2.0300
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 778234
074 E000100 0
074 F000100 5091540
074 G000100 0
074 H000100 0
074 I000100 320491
074 J000100 3323
074 K000100 0
074 L000100 15191
074 M000100 0
074 N000100 6208779
074 O000100 0
074 P000100 1497
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1224
074 S000100 0
074 T000100 6206058
074 U010100 252453
074 U020100 0
074 V010100 24.58
074 V020100 0.00
074 W000100 0.0000
074 X000100 9505
074 Y000100 0
075 A000100 0
075 B000100 6399743
076 000100 0.00
024 000200 Y
025 A000201 TAXABLE CENTRAL CASH FUND
025 B000201 04-3331103
025 C000201 D
025 D000201 264816
025 A000202 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000202 13-5674085
025 C000202 E
025 D000202 4894
025 A000203 MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
025 B000203 13-2655998
025 C000203 E
025 D000203 10955
<PAGE> PAGE 12
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 46087
028 A020200 0
028 A030200 0
028 A040200 35238
028 B010200 52390
028 B020200 0
028 B030200 0
028 B040200 42465
028 C010200 58014
028 C020200 0
028 C030200 0
028 C040200 51242
028 D010200 46268
028 D020200 0
028 D030200 0
028 D040200 39233
028 E010200 41404
028 E020200 0
028 E030200 0
028 E040200 31738
028 F010200 44562
028 F020200 0
028 F030200 0
028 F040200 29502
028 G010200 288725
028 G020200 0
028 G030200 0
028 G040200 229418
028 H000200 0
055 A000200 N
055 B000200 Y
056 000200 Y
057 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
<PAGE> PAGE 13
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 Y
070 P010200 Y
070 P020200 Y
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 4091172
071 B000200 4047854
071 C000200 3804033
071 D000200 106
072 A000200 12
072 B000200 25572
072 C000200 43818
072 D000200 0
072 E000200 0
072 F000200 18378
072 G000200 0
072 H000200 0
072 I000200 211
072 J000200 128
072 K000200 0
072 L000200 0
072 M000200 20
072 N000200 20
072 O000200 0
072 P000200 4
072 Q000200 812
072 R000200 55
072 S000200 17
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 14
072 X000200 19659
<PAGE> PAGE 14
072 Y000200 141
072 Z000200 49871
072AA000200 911976
072BB000200 0
072CC010200 0
072CC020200 723729
072DD010200 63385
072DD020200 0
072EE000200 245893
073 A010200 0.2500
073 A020200 0.0000
073 B000200 0.9700
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 10882
074 E000200 10111
074 F000200 3633582
074 G000200 0
074 H000200 0
074 I000200 264816
074 J000200 83900
074 K000200 0
074 L000200 7120
074 M000200 0
074 N000200 4010411
074 O000200 38220
074 P000200 1453
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 1329
074 S000200 0
074 T000200 3969409
074 U010200 282068
074 U020200 0
074 V010200 14.07
074 V020200 0.00
074 W000200 0.0000
074 X000200 11307
074 Y000200 0
075 A000200 0
075 B000200 4058842
076 000200 0.00
SIGNATURE JOHN H. COSTELLO
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000035331
<NAME> Fidelity Destiny Portfolios
<SERIES>
<NUMBER> 11
<NAME> Fidelity Destiny I
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
YEAR
<FISCAL-YEAR-END>
SEP-30-1998
<PERIOD-END>
SEP-30-1998
<INVESTMENTS-AT-COST>
4,108,325
<INVESTMENTS-AT-VALUE>
6,190,265
<RECEIVABLES>
18,514
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
6,208,779
<PAYABLE-FOR-SECURITIES>
0
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
2,721
<TOTAL-LIABILITIES>
2,721
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
3,552,570
<SHARES-COMMON-STOCK>
252,453
<SHARES-COMMON-PRIOR>
237,632
<ACCUMULATED-NII-CURRENT>
85,476
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
486,041
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
2,081,971
<NET-ASSETS>
6,206,058
<DIVIDEND-INCOME>
72,918
<INTEREST-INCOME>
57,753
<OTHER-INCOME>
0
<EXPENSES-NET>
21,195
<NET-INVESTMENT-INCOME>
109,476
<REALIZED-GAINS-CURRENT>
517,544
<APPREC-INCREASE-CURRENT>
(106,149)
<NET-CHANGE-FROM-OPS>
520,871
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
111,210
<DISTRIBUTIONS-OF-GAINS>
480,405
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
7,675
<NUMBER-OF-SHARES-REDEEMED>
16,076
<SHARES-REINVESTED>
23,222
<NET-CHANGE-IN-ASSETS>
245,316
<ACCUMULATED-NII-PRIOR>
89,779
<ACCUMULATED-GAINS-PRIOR>
461,976
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
19,657
<INTEREST-EXPENSE>
1
<GROSS-EXPENSE>
21,248
<AVERAGE-NET-ASSETS>
6,399,743
<PER-SHARE-NAV-BEGIN>
25.080
<PER-SHARE-NII>
.440
<PER-SHARE-GAIN-APPREC>
1.560
<PER-SHARE-DIVIDEND>
.470
<PER-SHARE-DISTRIBUTIONS>
2.030
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
24.580
<EXPENSE-RATIO>
33
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000035331
<NAME> Fidelity Destiny Portfolios
<SERIES>
<NUMBER> 21
<NAME> Fidelity Destiny II
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
YEAR
<FISCAL-YEAR-END>
SEP-30-1998
<PERIOD-END>
SEP-30-1998
<INVESTMENTS-AT-COST>
3,504,328
<INVESTMENTS-AT-VALUE>
3,919,391
<RECEIVABLES>
91,020
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
4,010,411
<PAYABLE-FOR-SECURITIES>
38,220
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
2,782
<TOTAL-LIABILITIES>
41,002
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
2,626,234
<SHARES-COMMON-STOCK>
282,068
<SHARES-COMMON-PRIOR>
250,596
<ACCUMULATED-NII-CURRENT>
36,168
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
891,897
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
415,110
<NET-ASSETS>
3,969,409
<DIVIDEND-INCOME>
43,818
<INTEREST-INCOME>
25,572
<OTHER-INCOME>
0
<EXPENSES-NET>
19,519
<NET-INVESTMENT-INCOME>
49,871
<REALIZED-GAINS-CURRENT>
911,976
<APPREC-INCREASE-CURRENT>
(723,729)
<NET-CHANGE-FROM-OPS>
238,118
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
63,385
<DISTRIBUTIONS-OF-GAINS>
245,893
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
33,666
<NUMBER-OF-SHARES-REDEEMED>
24,890
<SHARES-REINVESTED>
22,695
<NET-CHANGE-IN-ASSETS>
360,265
<ACCUMULATED-NII-PRIOR>
50,768
<ACCUMULATED-GAINS-PRIOR>
230,944
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
18,378
<INTEREST-EXPENSE>
4
<GROSS-EXPENSE>
19,659
<AVERAGE-NET-ASSETS>
4,058,842
<PER-SHARE-NAV-BEGIN>
14.400
<PER-SHARE-NII>
.180
<PER-SHARE-GAIN-APPREC>
.710
<PER-SHARE-DIVIDEND>
.250
<PER-SHARE-DISTRIBUTIONS>
.970
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
14.070
<EXPENSE-RATIO>
48
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
