FIDELITY MT VERNON STREET TRUST
NSAR-A, 1996-07-30
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<PAGE>      PAGE  1
000 A000000 05/31/96
000 C000000 0000707823
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 MT. VERNON STREET TRUST
001 B000000 811-3583
001 C000000 6175639003
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  3
007 C010100  1
007 C020100 FIDELITY GROWTH COMPANY FUND
007 C030100 N
007 C010200  2
007 C020200 FIDELITY EMERGING GROWTH FUND
007 C030200 N
007 C010300  3
007 C020300 FIDELITY NEW MILLENNIUM FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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
<PAGE>      PAGE  2
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 CO.
012 B00AA01 84-00216
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA01 8-23292
014 A00AA02 FIDELITY DISTRIBUTORS CORP.
014 B00AA02 8-8775
014 A00AA03 FIDELITY BROKERAGE SERVICES
014 B00AA03 8-0000
014 A00AA04 DELETE
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  224
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY CAPITAL MARKETS INC.
020 B000001 04-2653569
020 C000001   1161
020 A000002 PAINE WEBBER INC.
020 B000002 13-2638166
020 C000002    275
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003    271
020 A000004 ALEX BROWN & SONS
020 B000004 52-0256630
020 C000004    231
020 A000005 MERRILL LYNCH & CO., INC.
020 B000005 13-5674085
020 C000005    162
020 A000006 SALOMON BROTHERS INC.
020 B000006 13-3082694
020 C000006    146
020 A000007 SMITH BARNEY SHEARSON INC.
020 B000007 13-1912900
020 C000007    129
020 A000008 COUNTY NATWEST SECURITIES USA
020 B000008 13-3312778
<PAGE>      PAGE  3
020 C000008    124
020 A000009 FIRST BOSTON CORP.
020 B000009 13-5659485
020 C000009    111
020 A000010 GOLDMAN SACHS & CO.
020 B000010 13-5108880
020 C000010     96
021  000000     4667
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001    411625
022 D000001    371183
022 A000002 DAIWA SECURITIES CO. LTD.
022 B000002 13-5680329
022 C000002    692185
022 D000002         0
022 A000003 BARCLAYS DE ZOETE WEDD GSI
022 B000003 05-0346412
022 C000003         0
022 D000003    415196
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022 B000004 13-1912900
022 C000004    184489
022 D000004    229780
022 A000005 SHEARSON LEHMAN GOV'T SECURITIES INC.
022 B000005 00-0000000
022 C000005    311886
022 D000005         0
022 A000006 SANWA SECURITIES USA CO.
022 B000006 13-2883935
022 C000006    296232
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022 B000007 13-5674085
022 C000007    158664
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022 A000008 MORGAN STANLEY & CO. INC.
022 B000008 13-2655998
022 C000008    167259
022 D000008    102277
022 A000009 ALEX BROWN & SONS
022 B000009 52-0256630
022 C000009     89479
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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025 B000102 13-5680329
025 C000102 E
025 D000102    6263
025 A000103 MERRILL LYNCH, CO. INC.
025 B000103 13-5674085
<PAGE>      PAGE  7
025 C000103 E
025 D000103   59797
025 A000104 MORGAN STANLEY
025 B000104 13-2655998
025 C000104 E
025 D000104   33883
025 A000105 LEHMAN BROTHERS HOLDINGS, INC.
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02109
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASST. TREASURER     
 


<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000707823


<NAME>      Fidelity Mt. Vernon Street Trust


<SERIES>

        <NUMBER>        11


        <NAME>      Fidelity Growth Company Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

NOv-30-1996


<PERIOD-END>

May-31-1996


<INVESTMENTS-AT-COST>

6,927,890


<INVESTMENTS-AT-VALUE>

8,673,438


<RECEIVABLES>

45,563


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

8,719,001


<PAYABLE-FOR-SECURITIES>

138,419


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

18,956


<TOTAL-LIABILITIES>

157,375


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

6,548,238


<SHARES-COMMON-STOCK>

212,154


<SHARES-COMMON-PRIOR>

160,990


<ACCUMULATED-NII-CURRENT>

37,034


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

230,808


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

1,745,546


<NET-ASSETS>

8,561,626


<DIVIDEND-INCOME>

38,218


<INTEREST-INCOME>

34,475


<OTHER-INCOME>

0


<EXPENSES-NET>

32,892


<NET-INVESTMENT-INCOME>

39,801


<REALIZED-GAINS-CURRENT>

252,383


<APPREC-INCREASE-CURRENT>

483,848


<NET-CHANGE-FROM-OPS>

776,032


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

26,007


<DISTRIBUTIONS-OF-GAINS>

292,024


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

81,157


<NUMBER-OF-SHARES-REDEEMED>

38,877


<SHARES-REINVESTED>

8,884


<NET-CHANGE-IN-ASSETS>

2,375,661


<ACCUMULATED-NII-PRIOR>

23,240


<ACCUMULATED-GAINS-PRIOR>

298,761


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

23,967


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

33,540


<AVERAGE-NET-ASSETS>

7,153,669


<PER-SHARE-NAV-BEGIN>

38.420


<PER-SHARE-NII>

 .190


<PER-SHARE-GAIN-APPREC>

3.690


<PER-SHARE-DIVIDEND>

 .160


<PER-SHARE-DISTRIBUTIONS>

1.780


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

40.360


<EXPENSE-RATIO>

94


<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>        31


        <NAME>      Fidelity New Millenium Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

NOv-30-1996


<PERIOD-END>

May-31-1996


<INVESTMENTS-AT-COST>

1,030,140


<INVESTMENTS-AT-VALUE>

1,229,317


<RECEIVABLES>

29,324


<ASSETS-OTHER>

905


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

1,259,546


<PAYABLE-FOR-SECURITIES>

17,366


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

10,341


<TOTAL-LIABILITIES>

27,707


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

994,867


<SHARES-COMMON-STOCK>

62,565


<SHARES-COMMON-PRIOR>

30,022


<ACCUMULATED-NII-CURRENT>

(122)


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

37,917


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

199,177


<NET-ASSETS>

1,231,839


<DIVIDEND-INCOME>

2,348


<INTEREST-INCOME>

1,791


<OTHER-INCOME>

0


<EXPENSES-NET>

4,261


<NET-INVESTMENT-INCOME>

(122)


<REALIZED-GAINS-CURRENT>

39,244


<APPREC-INCREASE-CURRENT>

99,266


<NET-CHANGE-FROM-OPS>

138,388


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

0


<DISTRIBUTIONS-OF-GAINS>

45,177


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

66,803


<NUMBER-OF-SHARES-REDEEMED>

36,949


<SHARES-REINVESTED>

2,689


<NET-CHANGE-IN-ASSETS>

688,186


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

66,623


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

2,836


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

4,369


<AVERAGE-NET-ASSETS>

765,718


<PER-SHARE-NAV-BEGIN>

18.110


<PER-SHARE-NII>

0


<PER-SHARE-GAIN-APPREC>

3.020


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

1.440


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

19.690


<EXPENSE-RATIO>

115


<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>        21


        <NAME>      Fidelity Emerging Growth Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

may-31-1995


<INVESTMENTS-AT-COST>

601,651


<INVESTMENTS-AT-VALUE>

768,805


<RECEIVABLES>

27,049


<ASSETS-OTHER>

1


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

795,855


<PAYABLE-FOR-SECURITIES>

8,507


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

2,343


<TOTAL-LIABILITIES>

10,850


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

630,058


<SHARES-COMMON-STOCK>

40,413


<SHARES-COMMON-PRIOR>

36,861


<ACCUMULATED-NII-CURRENT>

(2,173)


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(10,034)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

167,154


<NET-ASSETS>

785,005


<DIVIDEND-INCOME>

616


<INTEREST-INCOME>

860


<OTHER-INCOME>

0


<EXPENSES-NET>

3,649


<NET-INVESTMENT-INCOME>

(2,173)


<REALIZED-GAINS-CURRENT>

4,722


<APPREC-INCREASE-CURRENT>

108,305


<NET-CHANGE-FROM-OPS>

110,854


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

0


<DISTRIBUTIONS-OF-GAINS>

1,472


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

8,188


<NUMBER-OF-SHARES-REDEEMED>

4,726


<SHARES-REINVESTED>

89


<NET-CHANGE-IN-ASSETS>

173,911


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(13,283)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

2,511


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

3,688


<AVERAGE-NET-ASSETS>

674,366


<PER-SHARE-NAV-BEGIN>

16.580


<PER-SHARE-NII>

(.050)


<PER-SHARE-GAIN-APPREC>

2.930


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

 .040


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

19.420


<EXPENSE-RATIO>

110


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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