FIDELITY MT VERNON STREET TRUST
497, 1996-05-31
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SUPPLEMENT TO THE
FIDELITY NEW MILLENNIUM(trademark) FUND
PROSPECTUS
DATED JANUARY 26, 1996
The following information supplements that found in the "Transaction
Details" section beginning on page 25.
Effective the close of business on May 15, 1996, the fund's shares will no
longer be available to new accounts. Shareholders of the fund on or prior
to that date, including participants in an employee benefit plan which
offered the fund on or prior to that date (except participants in an
employee benefit plan for which an affiliate of FMR maintains the accounts
at the participant level other than pursuant to a recordkeeping agreement),
will continue to be able to purchase shares of the fund.



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