FIDELITY SECURITIES FUND
NSAR-B, 1997-09-29
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<PAGE>      PAGE  1
000 B000000 07/31/97
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 6175631952
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 COMPANY, INC.
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
014 A00AA04 NATIONAL FINANCIAL SERVICES CORP.
014 B00AA04 8-26740
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  236
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY BROKERAGE SERVICES INC.
020 B000001 04-2270522
020 C000001   7219
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
020 C000002   3267
020 A000003 SCHRODER WERTHEIM & CO., INC.
020 B000003 13-2697272
020 C000003   1797
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004   1500
020 A000005 DONALD LUFKIN & JENRETTE SECURITIES CORP.
020 B000005 13-2741729
020 C000005   1418
020 A000006 PAINEWEBBER INC.
020 B000006 13-2638166
020 C000006   1141
020 A000007 CS FIRST BOSTON CORP.
020 B000007 13-5659485
<PAGE>      PAGE  3
020 C000007   1051
020 A000008 INSTINET CORP.
020 B000008 13-3443395
020 C000008    953
020 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000009 13-5674085
020 C000009    933
020 A000010 BROWN (ALEX.) & SONS, INC.
020 B000010 52-1319768
020 C000010    931
021  000000    34826
022 A000001 TAXABLE CENTRAL CASH FUND
022 B000001 04-3331103
022 C000001   8420678
022 D000001   6136198
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002   1528827
022 D000002   1081694
022 A000003 SMITH BARNEY, INC.
022 B000003 13-1912900
022 C000003   1276078
022 D000003   1087586
022 A000004 INSTINET CORP.
022 B000004 13-3443395
022 C000004    740092
022 D000004    722702
022 A000005 MORGAN STANLEY & CO. INC.
022 B000005 13-2655998
022 C000005    409490
022 D000005    374121
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000006 13-5674085
022 C000006    426007
022 D000006    322675
022 A000007 CS FIRST BOSTON CORP.
022 B000007 13-5659485
022 C000007    247593
022 D000007    263987
022 A000008 BROWN (ALEX.) & SONS, INC.
022 B000008 52-1319768
022 C000008    333775
022 D000008    160093
022 A000009 PAINEWEBBER, INC.
022 B000009 13-2638166
022 C000009    242464
022 D000009    168046
022 A000010 DONALD LUFKIN & JENRETTE SECURITIES CORP.
022 B000010 13-2741729
022 C000010    184865
022 D000010    189387
<PAGE>      PAGE  4
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<PAGE>      PAGE  6
077 O000000 N
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080 A00AA00 AMERICAN INTERNATIONAL SPECIALTY INSURANCE
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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
015 B000201 C
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015 C020201 NY
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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  14
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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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025 D000405       0
025 D000406       0
025 D000407       0
025 D000408       0
028 A010400    405251
028 A020400         0
028 A030400         0
028 A040400    141201
028 B010400    254282
028 B020400         0
028 B030400         0
028 B040400    204327
028 C010400    252806
028 C020400         0
028 C030400         0
028 C040400    276851
028 D010400    279376
028 D020400         0
028 D030400         0
028 D040400    163602
028 E010400    220099
028 E020400         0
028 E030400         0
028 E040400    125091
028 F010400    299299
<PAGE>      PAGE  19
028 F020400         0
028 F030400         0
028 F040400    148031
028 G010400   1711113
028 G020400         0
028 G030400         0
028 G040400   1059103
028 H000400         0
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 Y
066 D000400 N
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 N
070 B010400 Y
070 B020400 N
070 C010400 Y
<PAGE>      PAGE  20
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
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 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400   5568114
071 B000400   3573022
071 C000400   2542841
071 D000400  141
072 A000400 12
072 B000400     9084
072 C000400    41854
072 D000400        0
072 E000400        0
072 F000400    17498
072 G000400        0
072 H000400        0
072 I000400     6098
072 J000400      106
072 K000400        0
072 L000400        0
072 M000400       12
072 N000400      978
072 O000400        0
072 P000400        0
<PAGE>      PAGE  21
072 Q000400      742
072 R000400       42
072 S000400        9
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        7
072 X000400    25492
072 Y000400      999
072 Z000400    26445
072AA000400   268769
072BB000400        0
072CC010400   795165
072CC020400        0
072DD010400     8329
072DD020400        0
072EE000400    28170
073 A010400   0.0900
073 A020400   0.0000
073 B000400   0.3700
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400        0
074 D000400    37950
074 E000400    42428
074 F000400  4110406
074 G000400        0
074 H000400        0
074 I000400   185342
074 J000400    60746
074 K000400        0
074 L000400    43451
074 M000400        0
074 N000400  4480323
074 O000400    97619
074 P000400     2242
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400    12880
074 S000400        0
074 T000400  4367582
074 U010400   174181
074 U020400        0
074 V010400    25.07
074 V020400     0.00
074 W000400   0.0000
074 X000400   304275
074 Y000400        0
<PAGE>      PAGE  22
075 A000400        0
075 B000400  2674284
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-31-1997


<PERIOD-END>

jul-31-1997


<INVESTMENTS-AT-COST>

2,911,665


<INVESTMENTS-AT-VALUE>

3,990,045


<RECEIVABLES>

75,998


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

4,066,043


<PAYABLE-FOR-SECURITIES>

30,100


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

12,804


<TOTAL-LIABILITIES>

42,904


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

2,773,036


<SHARES-COMMON-STOCK>

104,600


<SHARES-COMMON-PRIOR>

84,466


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

4


<ACCUMULATED-NET-GAINS>

171,727


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

1,078,380


<NET-ASSETS>

4,023,139


<DIVIDEND-INCOME>

11,006


<INTEREST-INCOME>

11,842


<OTHER-INCOME>

0


<EXPENSES-NET>

27,979


<NET-INVESTMENT-INCOME>

(5,131)


<REALIZED-GAINS-CURRENT>

345,268


<APPREC-INCREASE-CURRENT>

803,669


<NET-CHANGE-FROM-OPS>

1,143,806


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

6,873


<DISTRIBUTIONS-OF-GAINS>

391,420


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

91,580


<NUMBER-OF-SHARES-REDEEMED>

84,079


<SHARES-REINVESTED>

12,633


<NET-CHANGE-IN-ASSETS>

1,387,996


<ACCUMULATED-NII-PRIOR>

8,871


<ACCUMULATED-GAINS-PRIOR>

290,283


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

18,522


<INTEREST-EXPENSE>

2


<GROSS-EXPENSE>

28,423


<AVERAGE-NET-ASSETS>

3,329,980


<PER-SHARE-NAV-BEGIN>

31.200


<PER-SHARE-NII>

(.050)


<PER-SHARE-GAIN-APPREC>

11.710


<PER-SHARE-DIVIDEND>

 .080


<PER-SHARE-DISTRIBUTIONS>

4.320


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

38.460


<EXPENSE-RATIO>

85


<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-31-1997


<PERIOD-END>

jul-31-1997


<INVESTMENTS-AT-COST>

23,021,302


<INVESTMENTS-AT-VALUE>

34,409,628


<RECEIVABLES>

289,908


<ASSETS-OTHER>

309


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

34,699,845


<PAYABLE-FOR-SECURITIES>

356,398


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

59,761


<TOTAL-LIABILITIES>

416,159


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

21,842,715


<SHARES-COMMON-STOCK>

890,550


<SHARES-COMMON-PRIOR>

680,978


<ACCUMULATED-NII-CURRENT>

32,461


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

1,020,360


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

11,388,150


<NET-ASSETS>

34,283,686


<DIVIDEND-INCOME>

437,144


<INTEREST-INCOME>

108,602


<OTHER-INCOME>

0


<EXPENSES-NET>

181,707


<NET-INVESTMENT-INCOME>

364,039


<REALIZED-GAINS-CURRENT>

1,120,918


<APPREC-INCREASE-CURRENT>

8,174,155


<NET-CHANGE-FROM-OPS>

9,659,112


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

377,487


<DISTRIBUTIONS-OF-GAINS>

790,992


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

345,996


<NUMBER-OF-SHARES-REDEEMED>

175,754


<SHARES-REINVESTED>

39,330


<NET-CHANGE-IN-ASSETS>

15,078,040


<ACCUMULATED-NII-PRIOR>

46,747


<ACCUMULATED-GAINS-PRIOR>

749,332


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

127,601


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

185,845


<AVERAGE-NET-ASSETS>

25,463,192


<PER-SHARE-NAV-BEGIN>

28.200


<PER-SHARE-NII>

 .460


<PER-SHARE-GAIN-APPREC>

11.440


<PER-SHARE-DIVIDEND>

 .480


<PER-SHARE-DISTRIBUTIONS>

1.120


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

38.500


<EXPENSE-RATIO>

73


<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-31-1997


<PERIOD-END>

JUL-31-1997


<INVESTMENTS-AT-COST>

9,347,104


<INVESTMENTS-AT-VALUE>

12,867,764


<RECEIVABLES>

93,524


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

12,961,288


<PAYABLE-FOR-SECURITIES>

58,602


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

25,386


<TOTAL-LIABILITIES>

83,988


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

8,931,571


<SHARES-COMMON-STOCK>

312,497


<SHARES-COMMON-PRIOR>

265,888


<ACCUMULATED-NII-CURRENT>

55,275


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

369,813


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

3,520,641


<NET-ASSETS>

12,877,300


<DIVIDEND-INCOME>

131,194


<INTEREST-INCOME>

29,028


<OTHER-INCOME>

0


<EXPENSES-NET>

78,360


<NET-INVESTMENT-INCOME>

81,862


<REALIZED-GAINS-CURRENT>

397,079


<APPREC-INCREASE-CURRENT>

3,376,584


<NET-CHANGE-FROM-OPS>

3,855,525


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

77,278


<DISTRIBUTIONS-OF-GAINS>

604,630


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

109,213


<NUMBER-OF-SHARES-REDEEMED>

85,260


<SHARES-REINVESTED>

22,656


<NET-CHANGE-IN-ASSETS>

4,697,990


<ACCUMULATED-NII-PRIOR>

62,593


<ACCUMULATED-GAINS-PRIOR>

719,123


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

50,927


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

80,106


<AVERAGE-NET-ASSETS>

10,047,112


<PER-SHARE-NAV-BEGIN>

30.760


<PER-SHARE-NII>

 .280


<PER-SHARE-GAIN-APPREC>

12.700


<PER-SHARE-DIVIDEND>

 .280


<PER-SHARE-DISTRIBUTIONS>

2.250


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

41.210


<EXPENSE-RATIO>

80


<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-31-1997


<PERIOD-END>

jul-31-1997


<INVESTMENTS-AT-COST>

3,537,658


<INVESTMENTS-AT-VALUE>

4,376,126


<RECEIVABLES>

104,197


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

4,480,323


<PAYABLE-FOR-SECURITIES>

97,619


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

15,122


<TOTAL-LIABILITIES>

112,741


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

3,244,079


<SHARES-COMMON-STOCK>

174,181


<SHARES-COMMON-PRIOR>

70,739


<ACCUMULATED-NII-CURRENT>

20,704


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

264,331


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

838,468


<NET-ASSETS>

4,367,582


<DIVIDEND-INCOME>

41,854


<INTEREST-INCOME>

9,084


<OTHER-INCOME>

0


<EXPENSES-NET>

24,493


<NET-INVESTMENT-INCOME>

26,445


<REALIZED-GAINS-CURRENT>

268,769


<APPREC-INCREASE-CURRENT>

795,165


<NET-CHANGE-FROM-OPS>

1,090,379


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

8,329


<DISTRIBUTIONS-OF-GAINS>

28,170


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

192,987


<NUMBER-OF-SHARES-REDEEMED>

91,579


<SHARES-REINVESTED>

2,034


<NET-CHANGE-IN-ASSETS>

3,147,713


<ACCUMULATED-NII-PRIOR>

4,406


<ACCUMULATED-GAINS-PRIOR>

41,293


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

17,498


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

25,492


<AVERAGE-NET-ASSETS>

2,674,284


<PER-SHARE-NAV-BEGIN>

17.240


<PER-SHARE-NII>

 .200


<PER-SHARE-GAIN-APPREC>

8.090


<PER-SHARE-DIVIDEND>

 .090


<PER-SHARE-DISTRIBUTIONS>

 .370


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

25.070


<EXPENSE-RATIO>

95


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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