FIDELITY SECURITIES FUND
NSAR-A, 1996-03-29
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<PAGE>      PAGE  1
000 A000000 01/31/96
000 C000000 0000754510
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 SECURITIES FUND
001 B000000 811-4118
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  4
007 C010100  1
007 C020100 FIDELITY OTC PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 FIDELITY GROWTH & INCOME PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 FIDELITY BLUE CHIP GROWTH FUND
007 C030300 N
007 C010400  4
007 C020400 FIDELITY DIVIDEND GROWTH FUND
007 C030400 N
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
<PAGE>      PAGE  2
008 A00AA03 FIDELITY MANAGEMENT & RESEARCH (FAR EAST) INC
008 B00AA03 S
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 CORPORATION
014 B00AA02 8-8775
014 A00AA03 FIDELITY BROKERAGE SERVICES
014 B00AA03 8-00000
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  222
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY BROKERAGE SERVICES INC.
020 B000001 04-2270522
020 C000001   5679
020 A000002 CS FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002    847
020 A000003 PAINE WEBBER INC.
020 B000003 13-2638166
020 C000003    772
020 A000004 SCHRODER WERTHEIM & CO.
020 B000004 13-2697272
020 C000004    744
020 A000005 MORGAN STANLEY & CO., INC.
020 B000005 13-2655998
020 C000005    645
020 A000006 SALOMON BROTHERS INC.
020 B000006 13-3082694
020 C000006    645
020 A000007 BEAR STEARNS & CO.
020 B000007 13-4946705
020 C000007    627
020 A000008 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
<PAGE>      PAGE  3
020 B000008 13-5674085
020 C000008    562
020 A000009 GOLDMAN SACHS & CO.
020 B000009 13-5108880
020 C000009    508
020 A000010 BERNSTEIN, SANFORD C. & CO., INC.
020 B000010 13-2625874
020 C000010    490
021  000000    20091
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001    422407
022 D000001    970786
022 A000002 SMITH BARNEY, SHEARSON, INC.
022 B000002 13-2518466
022 C000002   1502190
022 D000002    513080
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003    806686
022 D000003    387042
022 A000004 INSTINET CORPORATION
022 B000004 13-3443395
022 C000004    290021
022 D000004    391179
022 A000005 MORGAN STANLEY & C0., INC.
022 B000005 13-2655998
022 C000005    131620
022 D000005    384023
022 A000006 DAIWA SECURITIES AMERICA INC.
022 B000006 13-5680329
022 C000006    394972
022 D000006         0
022 A000007 FIDELITY CONTRAFUND
022 B000007 04-6056833
022 C000007    211135
022 D000007    157903
022 A000008 FIDELITY MAGELLAN FUND
022 B000008 04-6049970
022 C000008    197235
022 D000008    127633
022 A000009 BEAR STEARNS & CO.
022 B000009 13-4946705
022 C000009    286429
022 D000009     19945
022 A000010 CS FIRST BOSTON CORP.
022 B000010 13-5659485
022 C000010    221157
022 D000010     75283
023 C000000  226849295
023 D000000    5194486
<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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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  10
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015 A000201 THE CHASE MANHATTAN BANK, N.A.
015 B000201 C
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015 C020201 NY
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<PAGE>      PAGE  11
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040  000200 N
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050  000200 N
051  000200 N
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053 B000200 Y
053 C000200 N
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
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069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
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<PAGE>      PAGE  12
070 D010200 Y
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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015 A000301 BROWN BROTHERS HARRIMAN & CO.
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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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<PAGE>      PAGE  18
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028 D010400     65496
028 D020400         0
028 D030400         0
028 D040400     50809
028 E010400     67188
028 E020400     24922
028 E030400         0
028 E040400     48236
028 F010400     93118
028 F020400         0
028 F030400         0
028 F040400     54350
028 G010400    381363
028 G020400     34963
028 G030400         0
028 G040400    305517
028 H000400         0
<PAGE>      PAGE  19
029  000400 N
030 A000400      0
030 B000400  0.00
030 C000400  0.00
031 A000400      0
031 B000400      0
032  000400      0
033  000400      0
034  000400 N
035  000400      0
036 B000400      0
037  000400 N
038  000400      0
039  000400 N
040  000400 Y
041  000400 N
049  000400 N
050  000400 N
051  000400 Y
052  000400 Y
053 A000400 Y
053 B000400 Y
053 C000400 N
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
<PAGE>      PAGE  20
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 Y
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400    479490
071 B000400    409245
071 C000400    471757
071 D000400   87
072 A000400  6
072 B000400     1014
072 C000400     3560
072 D000400        0
072 E000400        0
072 F000400     1684
072 G000400        0
072 H000400        0
072 I000400      574
072 J000400       24
072 K000400        0
072 L000400        0
072 M000400        1
072 N000400      104
072 O000400        0
072 P000400        0
072 Q000400      149
072 R000400        5
072 S000400        1
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        1
072 X000400     2543
<PAGE>      PAGE  21
072 Y000400       56
072 Z000400     2087
072AA000400    32830
072BB000400        0
072CC010400     8643
072CC020400        0
072DD010400     2757
072DD020400        0
072EE000400    32750
073 A010400   0.0900
073 A020400   0.0000
073 B000400   1.0700
073 C000400   0.0000
074 A000400        1
074 B000400    46545
074 C000400        0
074 D000400        0
074 E000400        0
074 F000400   544858
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400    15891
074 K000400        0
074 L000400     8566
074 M000400        0
074 N000400   615861
074 O000400    29113
074 P000400      305
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400     2728
074 S000400        0
074 T000400   583715
074 U010400    35884
074 U020400        0
074 V010400    16.27
074 V020400     0.00
074 W000400   0.0000
074 X000400    44946
074 Y000400        0
075 A000400        0
075 B000400   500680
076  000400     0.00
SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000754510


<NAME>      Fidelity Securities Fund


<SERIES>

        <NUMBER>        11


        <NAME>      Fidelity OTC Portfolio


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

Year


<FISCAL-YEAR-END>

jul-31-1995


<PERIOD-END>

jul-31-1995


<INVESTMENTS-AT-COST>

1,577,168


<INVESTMENTS-AT-VALUE>

2,107,823


<RECEIVABLES>

26,341


<ASSETS-OTHER>

1


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

2,134,165


<PAYABLE-FOR-SECURITIES>

14,752


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

9,335


<TOTAL-LIABILITIES>

24,087


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

1,533,045


<SHARES-COMMON-STOCK>

67,863


<SHARES-COMMON-PRIOR>

54,853


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

46,379


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

530,654


<NET-ASSETS>

2,110,078


<DIVIDEND-INCOME>

7,969


<INTEREST-INCOME>

9,476


<OTHER-INCOME>

0


<EXPENSES-NET>

12,235


<NET-INVESTMENT-INCOME>

5,210


<REALIZED-GAINS-CURRENT>

60,211


<APPREC-INCREASE-CURRENT>

493,273


<NET-CHANGE-FROM-OPS>

558,694


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

5,090


<DISTRIBUTIONS-OF-GAINS>

6,456


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

50,478


<NUMBER-OF-SHARES-REDEEMED>

37,963


<SHARES-REINVESTED>

495


<NET-CHANGE-IN-ASSETS>

880,219


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(7,717)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

7,611


<INTEREST-EXPENSE>

3


<GROSS-EXPENSE>

12,255


<AVERAGE-NET-ASSETS>

1,502,474


<PER-SHARE-NAV-BEGIN>

22.420


<PER-SHARE-NII>

 .090


<PER-SHARE-GAIN-APPREC>

8.790


<PER-SHARE-DIVIDEND>

 .090


<PER-SHARE-DISTRIBUTIONS>

 .120


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

31.090


<EXPENSE-RATIO>

81


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000754510


<NAME>      Fidelity Securities Fund


<SERIES>

        <NUMBER>        21


        <NAME>      Fidelity Growth & Income Portfolio


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

Year


<FISCAL-YEAR-END>

jul-31-1995


<PERIOD-END>

jul-31-1995


<INVESTMENTS-AT-COST>

10,025,445


<INVESTMENTS-AT-VALUE>

12,121,234


<RECEIVABLES>

145,854


<ASSETS-OTHER>

2,549


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

12,269,637


<PAYABLE-FOR-SECURITIES>

140,220


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

23,353


<TOTAL-LIABILITIES>

163,573


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

9,684,491


<SHARES-COMMON-STOCK>

482,277


<SHARES-COMMON-PRIOR>

394,940


<ACCUMULATED-NII-CURRENT>

27,390


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

298,452


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

2,095,731


<NET-ASSETS>

12,106,064


<DIVIDEND-INCOME>

209,542


<INTEREST-INCOME>

88,262


<OTHER-INCOME>

0


<EXPENSES-NET>

77,295


<NET-INVESTMENT-INCOME>

220,509


<REALIZED-GAINS-CURRENT>

462,592


<APPREC-INCREASE-CURRENT>

1,412,882


<NET-CHANGE-FROM-OPS>

2,095,983


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

175,942


<DISTRIBUTIONS-OF-GAINS>

508,140


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

136,992


<NUMBER-OF-SHARES-REDEEMED>

80,408


<SHARES-REINVESTED>

30,753


<NET-CHANGE-IN-ASSETS>

3,348,864


<ACCUMULATED-NII-PRIOR>

8,861


<ACCUMULATED-GAINS-PRIOR>

357,175


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

51,730


<INTEREST-EXPENSE>

7


<GROSS-EXPENSE>

78,305


<AVERAGE-NET-ASSETS>

9,991,524


<PER-SHARE-NAV-BEGIN>

22.170


<PER-SHARE-NII>

 .430


<PER-SHARE-GAIN-APPREC>

4.140


<PER-SHARE-DIVIDEND>

 .400


<PER-SHARE-DISTRIBUTIONS>

1.240


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

25.100


<EXPENSE-RATIO>

77


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000754510


<NAME>      Fidelity Securities Fund


<SERIES>

        <NUMBER>        31


        <NAME>      Fidelity Blue Chip Growth Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

Year


<FISCAL-YEAR-END>

jul-31-1995


<PERIOD-END>

jul-31-1995


<INVESTMENTS-AT-COST>

5,435,520


<INVESTMENTS-AT-VALUE>

6,478,332


<RECEIVABLES>

174,279


<ASSETS-OTHER>

4,519


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

6,657,130


<PAYABLE-FOR-SECURITIES>

217,634


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

18,090


<TOTAL-LIABILITIES>

235,724


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

5,064,217


<SHARES-COMMON-STOCK>

197,040


<SHARES-COMMON-PRIOR>

88,660


<ACCUMULATED-NII-CURRENT>

3,300


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

309,049


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

1,044,840


<NET-ASSETS>

6,421,406


<DIVIDEND-INCOME>

33,583


<INTEREST-INCOME>

15,320


<OTHER-INCOME>

0


<EXPENSES-NET>

39,339


<NET-INVESTMENT-INCOME>

9,564


<REALIZED-GAINS-CURRENT>

348,645


<APPREC-INCREASE-CURRENT>

936,474


<NET-CHANGE-FROM-OPS>

1,294,683


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

0


<DISTRIBUTIONS-OF-GAINS>

64,196


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

162,136


<NUMBER-OF-SHARES-REDEEMED>

56,233


<SHARES-REINVESTED>

2,477


<NET-CHANGE-IN-ASSETS>

4,192,888


<ACCUMULATED-NII-PRIOR>

10,286


<ACCUMULATED-GAINS-PRIOR>

38,676


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

26,386


<INTEREST-EXPENSE>

12


<GROSS-EXPENSE>

40,460


<AVERAGE-NET-ASSETS>

3,842,086


<PER-SHARE-NAV-BEGIN>

25.140


<PER-SHARE-NII>

 .070


<PER-SHARE-GAIN-APPREC>

7.960


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

 .580


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

32.590


<EXPENSE-RATIO>

102


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000754510


<NAME>      Fidelity Securities Fund


<SERIES>

        <NUMBER>        41


        <NAME>      Fidelity Dividend Growth Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

Year


<FISCAL-YEAR-END>

jul-31-1995


<PERIOD-END>

jul-31-1995


<INVESTMENTS-AT-COST>

412,931


<INVESTMENTS-AT-VALUE>

470,854


<RECEIVABLES>

8,244


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

479,098


<PAYABLE-FOR-SECURITIES>

10,338


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

3,907


<TOTAL-LIABILITIES>

14,245


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

392,873


<SHARES-COMMON-STOCK>

28,982


<SHARES-COMMON-PRIOR>

6,196


<ACCUMULATED-NII-CURRENT>

1,276


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

12,781


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

57,923


<NET-ASSETS>

464,853


<DIVIDEND-INCOME>

2,452


<INTEREST-INCOME>

978


<OTHER-INCOME>

0


<EXPENSES-NET>

2,079


<NET-INVESTMENT-INCOME>

1,351


<REALIZED-GAINS-CURRENT>

15,508


<APPREC-INCREASE-CURRENT>

55,022


<NET-CHANGE-FROM-OPS>

71,881


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

74


<DISTRIBUTIONS-OF-GAINS>

1,107


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

49,213


<NUMBER-OF-SHARES-REDEEMED>

26,523


<SHARES-REINVESTED>

96


<NET-CHANGE-IN-ASSETS>

392,498


<ACCUMULATED-NII-PRIOR>

9


<ACCUMULATED-GAINS-PRIOR>

(1,622)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

1,232


<INTEREST-EXPENSE>

3


<GROSS-EXPENSE>

2,114


<AVERAGE-NET-ASSETS>

174,060


<PER-SHARE-NAV-BEGIN>

11.680


<PER-SHARE-NII>

 .050


<PER-SHARE-GAIN-APPREC>

4.470


<PER-SHARE-DIVIDEND>

 .010


<PER-SHARE-DISTRIBUTIONS>

 .150


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

16.040


<EXPENSE-RATIO>

119


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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