<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
"Rule 24f-2 Notice"
Fidelity Trend Fund
(Name of Registrant)
File No. 2-15063
</PAGE>
<PAGE>
FILE NO. 2-15063
Fidelity Trend 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 December 31, 1993
(ii) Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2
27,490,596 shares
(iii) Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2
No shares
(iv) Number of Securities Sold During Fiscal Year
16,037,130 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
14,878,841 shares
<TABLE>
<CAPTION>
Number of Shares
Aggregate Price
<S>
<C>
<C>
Sales Pursuant to Rule 24f-2:
14,878,841
$
868,788,359
Redemptions:
(14,878,841)
$
(868,788,359)
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 Trend Fund
By John H. Costello
Assistant Treasurer
</PAGE>
FMR Corp.
82 Devonshire Street
Boston MA 02109-3614
617 570 7000
February 16, 1994
Mr. John Costello, Assistant Treasurer
Fidelity Trend Fund
82 Devonshire Street
Boston, Massachusetts 02109
Dear Mr. Costello:
Fidelity Trend Fund, Inc. was a corporation organized under the laws of
the Commonwealth of Massachusetts on March 19, 1958. Its name was
changed to Fidelity Trend Fund (the Fund) at the time of its reorganization
as a Massachusetts business trust which was created under a written
Declaration of Trust dated September 18, 1984, executed and delivered in
Boston, Massachusetts on that day, and supplemented on February 1,
1985, October 30, 1986 and December 1, 1989, and delivered in Boston,
Massachusetts on February 1, 1985, October 30, 1986, and December 11,
1989, respectively. Fidelity Capital Fund, Inc., an investment company,
also advised by FMR, was merged with and into the fund on December 31,
1979. The Fund has its principal place of business in Boston,
Massachusetts.
I have conducted such legal and factual inquiry as I have deemed necessary
for the purpose of rendering this opinion.
Under Article III, Section 1, of the Declaration of Trust, the beneficial
interest in the Fund shall be divided into such transferable Shares (the
Shares) of one or more separate and distinct Series 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
nonassessable. Said Section provides that Trustees have full power and
authority, in their sole discretion and without obtaining any prior
authorization or vote of the Shareholders of the Fund, to create and
establish (and to change in any manner) Shares with such preferences,
voting powers, rights and privileges as the Trustees may from time to time
determine, to divide or combine the Shares into a greater or lesser number,
to classify or reclassify any issued Shares into one or more Series of
Shares, to abolish any one or more Series 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 are empowered to accept
investment in the Fund in cash or securities from such persons and on such
terms as they may from time to time authorize. Investments in the Fund,
subsequent to the initial contribution of capital, shall be credited to the
Shareholder's account in the form of full shares of the Fund 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 investment in the Fund and (b) issue fractional shares.
By a vote adopted on December 14, 1984 and amended on February 22,
1985, the Board of Trustees authorized the issue and sale, from time to
time, of an unlimited number of shares of beneficial interest of this Fund in
accordance with the terms included in the Prospectus and Statement of
Additional Information 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 Fund has registered an indefinite number of
shares of beneficial interest under the Securities Act of 1933. I further
understand that, pursuant to the provisions of Rule 24f-2, the Fund intends
to file with the Securities and Exchange Commission a Notice making
definite the registration of 14,878,841 Shares of the Fund sold in reliance
upon Rule 24f-2 during the fiscal year ended December 31, 1993.
I am of the opinion that all necessary Fund action precedent to the issue of
the Shares has been duly taken, and that all the Shares were legally and
validly issued, and are fully paid and nonassessable except as described in
the Fund's Statement of Additional Information dated August 1, 1993
under the heading "Shareholder and Trustee Liability." In rendering this
opinion, I rely on the representation by the Fund that it or its agent
received consideration for the Shares in accordance with the Fund's
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, Esq.
Arthur S. Loring, Esq.
Vice President - Legal
