FIDELITY MT VERNON STREET TRUST
NSAR-A, 1998-07-29
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<PAGE>      PAGE  1
000 A000000 05/31/98
000 C000000 0000707823
000 D000000 N
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000 F000000 Y
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000 I000000 3.0.a
000 J000000 A
001 A000000 FIDELITY MT. VERNON STREET TRUST
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001 C000000 6175631413
002 A000000 82 DEVONSHIRE STREET
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002 C000000 MA
002 D010000 02109
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004  000000 N
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007 C010700  7
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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
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011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
011 A00AA02 DELETE
011 A00AA03 DELETE
012 A00AA01 FIDELITY SERVICE COMPANY, INC.
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012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
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012 A00AA03 DELETE
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 NATIONAL FINANCIAL SERVICE COMPANY
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020 C000005    442
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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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>        1


        <NAME>      Fidelity Growth Company Fund


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<S>

<C>

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YEAR


<FISCAL-YEAR-END>

NOV-30-1997


<PERIOD-END>

NOV-30-1997


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8,158,679


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10,521,576


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60,917


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0


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40,671


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0


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18,341


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59,012


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0


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6,896,524


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219,966


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220,650


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54,423


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

1,210,383


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

2,362,894


<NET-ASSETS>

10,524,224


<DIVIDEND-INCOME>

91,581


<INTEREST-INCOME>

31,815


<OTHER-INCOME>

0


<EXPENSES-NET>

68,958


<NET-INVESTMENT-INCOME>

54,438


<REALIZED-GAINS-CURRENT>

1,232,626


<APPREC-INCREASE-CURRENT>

107,522


<NET-CHANGE-FROM-OPS>

1,394,586


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

61,467


<DISTRIBUTIONS-OF-GAINS>

321,291


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

79,391


<NUMBER-OF-SHARES-REDEEMED>

89,516


<SHARES-REINVESTED>

9,441


<NET-CHANGE-IN-ASSETS>

917,560


<ACCUMULATED-NII-PRIOR>

76,173


<ACCUMULATED-GAINS-PRIOR>

376,848


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

48,261


<INTEREST-EXPENSE>

2


<GROSS-EXPENSE>

71,875


<AVERAGE-NET-ASSETS>

10,175,187


<PER-SHARE-NAV-BEGIN>

43.540


<PER-SHARE-NII>

 .240


<PER-SHARE-GAIN-APPREC>

5.800


<PER-SHARE-DIVIDEND>

 .280


<PER-SHARE-DISTRIBUTIONS>

1.460


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

47.840


<EXPENSE-RATIO>

71


<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>        3


        <NAME>      Fidelity New Millenium Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

YEAR


<FISCAL-YEAR-END>

NOV-30-1997


<PERIOD-END>

NOV-30-1997


<INVESTMENTS-AT-COST>

1,248,358


<INVESTMENTS-AT-VALUE>

1,526,099


<RECEIVABLES>

30,879


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

1,556,978


<PAYABLE-FOR-SECURITIES>

23,705


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

3,587


<TOTAL-LIABILITIES>

27,292


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

1,032,498


<SHARES-COMMON-STOCK>

62,496


<SHARES-COMMON-PRIOR>

60,920


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

219,448


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

277,740


<NET-ASSETS>

1,529,686


<DIVIDEND-INCOME>

7,496


<INTEREST-INCOME>

4,117


<OTHER-INCOME>

0


<EXPENSES-NET>

13,507


<NET-INVESTMENT-INCOME>

(1,894)


<REALIZED-GAINS-CURRENT>

223,001


<APPREC-INCREASE-CURRENT>

28,072


<NET-CHANGE-FROM-OPS>

249,179


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

0


<DISTRIBUTIONS-OF-GAINS>

33,239


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

31,323


<NUMBER-OF-SHARES-REDEEMED>

31,384


<SHARES-REINVESTED>

1,637


<NET-CHANGE-IN-ASSETS>

263,142


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

49,080


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

10,588


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

14,163


<AVERAGE-NET-ASSETS>

1,437,863


<PER-SHARE-NAV-BEGIN>

20.790


<PER-SHARE-NII>

(.030)


<PER-SHARE-GAIN-APPREC>

4.270


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

 .550


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

24.480


<EXPENSE-RATIO>

99


<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-30-1997


<PERIOD-END>

NOV-30-1997


<INVESTMENTS-AT-COST>

1,660,823


<INVESTMENTS-AT-VALUE>

1,920,567


<RECEIVABLES>

80,073


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

2,000,640


<PAYABLE-FOR-SECURITIES>

18,545


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

4,388


<TOTAL-LIABILITIES>

22,933


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

1,273,099


<SHARES-COMMON-STOCK>

66,638


<SHARES-COMMON-PRIOR>

73,552


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

444,864


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

259,744


<NET-ASSETS>

1,977,707


<DIVIDEND-INCOME>

3,853


<INTEREST-INCOME>

4,677


<OTHER-INCOME>

0


<EXPENSES-NET>

20,039


<NET-INVESTMENT-INCOME>

(11,509)


<REALIZED-GAINS-CURRENT>

461,691


<APPREC-INCREASE-CURRENT>

(213,582)


<NET-CHANGE-FROM-OPS>

236,600


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

0


<DISTRIBUTIONS-OF-GAINS>

23,421


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

17,286


<NUMBER-OF-SHARES-REDEEMED>

25,113


<SHARES-REINVESTED>

913


<NET-CHANGE-IN-ASSETS>

38,496


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

23,065


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

14,634


<INTEREST-EXPENSE>

6


<GROSS-EXPENSE>

20,693


<AVERAGE-NET-ASSETS>

1,907,097


<PER-SHARE-NAV-BEGIN>

26.370


<PER-SHARE-NII>

(.170)


<PER-SHARE-GAIN-APPREC>

3.790


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

 .320


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

29.680


<EXPENSE-RATIO>

109


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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