FIDELITY MT VERNON STREET TRUST
497, 1995-10-19
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SUPPLEMENT TO 
FIDELITY GROWTH 
COMPANY FUND 
AND 
FIDELITY EMERGING 
GROWTH FUND 
PROSPECTUS
DATED JANUARY 23, 1995
The following information 
replaces similar information 
found under the "Waivers" 
section beginning on page 32:
   9.  (Growth Company Only) If 
you invest as part of a payroll 
deduction program through 
an employer who also 
maintains a 
Fidelity-sponsored employee 
benefit plan or is a member 
of the Fidelity Retail Advisory 
Group, provided the 
employer enters into a load 
waiver agreement which 
specifies certain qualifying 
restrictions and operating 
provisions.    
   
 
   
   
   
   
SUPPLEMENT TO 
FIDELITY GROWTH 
COMPANY FUND 
AND 
FIDELITY EMERGING 
GROWTH FUND 
PROSPECTUS
DATED JANUARY 23, 1995
The following information 
replaces similar information 
found under the "Waivers" 
section beginning on page 32:
   9.  (Growth Company Only) If 
you invest as part of a payroll 
deduction program through 
an employer who also 
maintains a 
Fidelity-sponsored employee 
benefit plan or is a member 
of the Fidelity Retail Advisory 
Group, provided the 
employer enters into a load 
waiver agreement which 
specifies certain qualifying 
restrictions and operating 
provisions.    
   
 
   
   
   
   
   GCF/FEG-95-2 October 23, 1995
GCF/FEG-95-2 October 23, 1995    
FIDELITY GROWTH COMPANY FUND
FIDELITY EMERGING GROWTH FUND
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 23, 1995
The following information replaces that found in the section entitled
"Additional Purchase and Redemption Information" beginning on page 17.
   10. (Growth Company only) to shares purchased as part of a payroll
deduction program (including shares purchased in an amount less than $5,000
by participants in the program within three months of the commencement of
their participation in the program from sources other than payroll
deduction) through an employer who has entered into a load waiver agreement
and who (i) maintains an employee benefit plan that either qualifies for
exemption (1) above or is in the CORPORATEplan for Retirement Program and
has at least some of its plan assets in Fidelity-managed products, or (ii)
is a member of the Fidelity Retail Advisory Group and has more than 500
employees.
 
GCF/FEGB-95-1     October 23, 1995



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