<PAGE> PAGE 1
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008 A00AA02 FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
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<PAGE> PAGE 2
008 C00AA03 801-28774
008 D01AA03 TOKYO
008 D05AA03 JAPAN
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
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<PAGE> PAGE 3
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<PAGE> PAGE 7
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 14
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SIGNATURE JOHN H. COSTELLO
TITLE ASST. TREASURER
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18,118
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0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
330,981
<PAYABLE-FOR-SECURITIES>
16,686
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
2,093
<TOTAL-LIABILITIES>
18,778
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
280,486
<SHARES-COMMON-STOCK>
25,380
<SHARES-COMMON-PRIOR>
21,232
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
9,053
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
22,663
<NET-ASSETS>
312,203
<DIVIDEND-INCOME>
3,001
<INTEREST-INCOME>
829
<OTHER-INCOME>
0
<EXPENSES-NET>
3,989
<NET-INVESTMENT-INCOME>
(159)
<REALIZED-GAINS-CURRENT>
9,904
<APPREC-INCREASE-CURRENT>
3,045
<NET-CHANGE-FROM-OPS>
12,790
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
0
<DISTRIBUTIONS-OF-GAINS>
6,389
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
22,924
<NUMBER-OF-SHARES-REDEEMED>
19,292
<SHARES-REINVESTED>
517
<NET-CHANGE-IN-ASSETS>
58,094
<ACCUMULATED-NII-PRIOR>
(116)
<ACCUMULATED-GAINS-PRIOR>
6,472
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
2,532
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
4,094
<AVERAGE-NET-ASSETS>
309,547
<PER-SHARE-NAV-BEGIN>
11.970
<PER-SHARE-NII>
(.006)
<PER-SHARE-GAIN-APPREC>
.636
<PER-SHARE-DIVIDEND>
0
<PER-SHARE-DISTRIBUTIONS>
.300
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
12.300
<EXPENSE-RATIO>
129
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000707823
<NAME> Fidelity Mt. Vernon Street Trust
<SERIES>
<NUMBER> 2
<NAME> Fidelity Emerging Growth Fund
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
YEAR
<FISCAL-YEAR-END>
NOV-30-1994
<PERIOD-END>
NOV-30-1994
<INVESTMENTS-AT-COST>
525,344
<INVESTMENTS-AT-VALUE>
584,193
<RECEIVABLES>
41,344
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
625,537
<PAYABLE-FOR-SECURITIES>
12,365
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
2,078
<TOTAL-LIABILITIES>
14,443
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
565,529
<SHARES-COMMON-STOCK>
36,861
<SHARES-COMMON-PRIOR>
32,326
<ACCUMULATED-NII-CURRENT>
0
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(13,284)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
58,849
<NET-ASSETS>
611,094
<DIVIDEND-INCOME>
2,076
<INTEREST-INCOME>
1,733
<OTHER-INCOME>
0
<EXPENSES-NET>
6,320
<NET-INVESTMENT-INCOME>
(2,514)
<REALIZED-GAINS-CURRENT>
(10,566)
<APPREC-INCREASE-CURRENT>
18,913
<NET-CHANGE-FROM-OPS>
5,833
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
0
<DISTRIBUTIONS-OF-GAINS>
108,388
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
9,893
<NUMBER-OF-SHARES-REDEEMED>
11,643
<SHARES-REINVESTED>
6,284
<NET-CHANGE-IN-ASSETS>
(23,394)
<ACCUMULATED-NII-PRIOR>
(583)
<ACCUMULATED-GAINS-PRIOR>
135,248
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
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4,058
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
6,451
<AVERAGE-NET-ASSETS>
617,711
<PER-SHARE-NAV-BEGIN>
19.630
<PER-SHARE-NII>
(.07)
<PER-SHARE-GAIN-APPREC>
.34
<PER-SHARE-DIVIDEND>
0
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3.330
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0
<PER-SHARE-NAV-END>
16.580
<EXPENSE-RATIO>
102
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0
<AVG-DEBT-PER-SHARE>
0
</TABLE>