FIDELITY SECURITIES FUND
NSAR-B, 1998-09-25
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<PAGE>      PAGE  1
000 B000000 07/31/98
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 6175631413
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 PRICEWATERHOUSECOOPERS LLP
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  228
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY BROKERAGE SERVICES INC.
020 B000001 04-2270522
020 C000001   6374
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
020 C000002   3411
020 A000003 CREDIT SUISSE FIRST BOSTON CORP.
020 B000003 13-5659485
020 C000003   2725
020 A000004 DONALD LUFKIN & JENRETTE SECURITIES CORP.
020 B000004 13-2741729
020 C000004   2360
020 A000005 SALOMON SMITH BARNEY, INC.
020 B000005 13-1912900
020 C000005   2268
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000006 13-5674085
020 C000006   1662
020 A000007 SCHRODER & CO., INC.
020 B000007 13-2697272
<PAGE>      PAGE  3
020 C000007   1636
020 A000008 GOLDMAN SACHS & CO.
020 B000008 13-5108880
020 C000008   1507
020 A000009 BT ALEX. BROWN, INC.
020 B000009 52-1319768
020 C000009   1438
020 A000010 NATIONSBANC MONT SECS (EQTY)
020 B000010 75-0520130
020 C000010   1243
021  000000    38739
022 A000001 TAXABLE CENTRAL CASH FUND
022 B000001 04-3331103
022 C000001  11858657
022 D000001  11336877
022 A000002 SALOMON SMITH BARNEY, INC.
022 B000002 13-1912900
022 C000002   2137895
022 D000002   1189616
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003   1375999
022 D000003   1087871
022 A000004 GOLDMAN SACH & CO.
022 B000004 13-5108880
022 C000004   1051754
022 D000004    787445
022 A000005 MORGAN STANLEY & CO. INC.
022 B000005 13-2655998
022 C000005    681692
022 D000005    956622
022 A000006 INSTINET CORP.
022 B000006 13-3443395
022 C000006    638518
022 D000006    474057
022 A000007 FIDELITY CONTRAFUND
022 B000007 04-6056833
022 C000007    560884
022 D000007    369314
022 A000008 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000008 13-2741729
022 C000008    380239
022 D000008    295040
022 A000009 CREDIT SUISSE FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009    343692
022 D000009    299074
022 A000010 BT ALEX. BROWN, INC.
022 B000010 52-1319768
022 C000010    238019
022 D000010    176212
<PAGE>      PAGE  4
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023 D000000   19735119
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<PAGE>      PAGE  5
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054 J00AA00 Y
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<PAGE>      PAGE  6
077 O000000 N
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077 Q010000 N
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078  000000 N
080 A00AA00 AMERICAN INT'L SPECIALTY LINES INS. CO.
080 B00AA00 FEDERAL INSURANCE COMPANY
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015 A000101 BROWN BROTHERS HARRIMAN & CO.
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025 B000101 04-3331103
025 C000101 D
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<PAGE>      PAGE  7
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055 A000100 N
055 B000100 N
<PAGE>      PAGE  8
056  000100 Y
057  000100 N
066 A000100 Y
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066 C000100 N
066 D000100 Y
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066 F000100 N
066 G000100 N
067  000100 N
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070 B020100 N
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070 D020100 N
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070 J010100 Y
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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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025 A000202 CREDIT SUISSE FIRST BOSTON CORP.
025 B000202 13-5659485
025 C000202 E
025 D000202  163636
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<PAGE>      PAGE  11
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057  000200 N
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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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055 B000300 N
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066 B000300 N
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066 F000300 N
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<PAGE>      PAGE  16
068 A000300 N
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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025 D000401  234907
025 A000402 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000402 13-5674085
025 C000402 E
025 D000402   18525
025 A000403 MORGAN STANLEY & CO., INC.
025 B000403 13-2655998
025 C000403 E
025 D000403   18518
025 D000404       0
025 D000405       0
025 D000406       0
025 D000407       0
025 D000408       0
028 A010400    457944
028 A020400         6
028 A030400         0
028 A040400    211347
028 B010400    555109
028 B020400         1
028 B030400         0
028 B040400    206843
028 C010400    450309
028 C020400         0
028 C030400         0
028 C040400    235917
028 D010400    421215
028 D020400         5
028 D030400         0
028 D040400    242176
<PAGE>      PAGE  19
028 E010400    584903
028 E020400         0
028 E030400         0
028 E040400    241627
028 F010400    674182
028 F020400         0
028 F030400         0
028 F040400    287336
028 G010400   3143662
028 G020400        12
028 G030400         0
028 G040400   1425246
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 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
<PAGE>      PAGE  20
070 A010400 Y
070 A020400 N
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
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
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 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400   7360480
071 B000400   5552703
071 C000400   5097752
071 D000400  109
072 A000400 12
072 B000400    12994
072 C000400    67067
072 D000400        0
072 E000400        0
072 F000400    34480
072 G000400        0
072 H000400        0
072 I000400    10835
072 J000400      117
072 K000400        0
<PAGE>      PAGE  21
072 L000400        0
072 M000400       19
072 N000400      931
072 O000400        0
072 P000400        0
072 Q000400      812
072 R000400       53
072 S000400       21
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400       19
072 X000400    47287
072 Y000400     1455
072 Z000400    34229
072AA000400   743965
072BB000400        0
072CC010400   341085
072CC020400        0
072DD010400    26753
072DD020400        0
072EE000400   391699
073 A010400   0.1500
073 A020400   0.0000
073 B000400   2.1900
073 C000400   0.0000
074 A000400     1533
074 B000400        0
074 C000400    23837
074 D000400        0
074 E000400        0
074 F000400  7083290
074 G000400        0
074 H000400        0
074 I000400   234907
074 J000400    77681
074 K000400        0
074 L000400    43563
074 M000400        0
074 N000400  7464811
074 O000400    64393
074 P000400     3719
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400    25467
074 S000400        0
074 T000400  7371232
074 U010400   262196
074 U020400        0
<PAGE>      PAGE  22
074 V010400    28.11
074 V020400     0.00
074 W000400   0.0000
074 X000400   518368
074 Y000400        0
075 A000400        0
075 B000400  5316440
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-31-1998


<PERIOD-END>

JUL-31-1998


<INVESTMENTS-AT-COST>

3,514,307


<INVESTMENTS-AT-VALUE>

4,501,833


<RECEIVABLES>

74,376


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

4,576,209


<PAYABLE-FOR-SECURITIES>

49,487


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

33,734


<TOTAL-LIABILITIES>

83,221


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

3,124,828


<SHARES-COMMON-STOCK>

112,242


<SHARES-COMMON-PRIOR>

104,600


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

380,632


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

987,528


<NET-ASSETS>

4,492,988


<DIVIDEND-INCOME>

9,691


<INTEREST-INCOME>

8,139


<OTHER-INCOME>

0


<EXPENSES-NET>

31,517


<NET-INVESTMENT-INCOME>

(13,687)


<REALIZED-GAINS-CURRENT>

564,676


<APPREC-INCREASE-CURRENT>

(90,852)


<NET-CHANGE-FROM-OPS>

460,137


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

0


<DISTRIBUTIONS-OF-GAINS>

272,886


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

94,593


<NUMBER-OF-SHARES-REDEEMED>

94,757


<SHARES-REINVESTED>

7,806


<NET-CHANGE-IN-ASSETS>

469,849


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

171,727


<OVERDISTRIB-NII-PRIOR>

4


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

21,165


<INTEREST-EXPENSE>

1


<GROSS-EXPENSE>

32,009


<AVERAGE-NET-ASSETS>

4,213,913


<PER-SHARE-NAV-BEGIN>

38.460


<PER-SHARE-NII>

(.120)


<PER-SHARE-GAIN-APPREC>

4.210


<PER-SHARE-DIVIDEND>

0


<PER-SHARE-DISTRIBUTIONS>

2.520


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

40.030


<EXPENSE-RATIO>

76


<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-31-1998


<PERIOD-END>

JUL-31-1998


<INVESTMENTS-AT-COST>

28,247,419


<INVESTMENTS-AT-VALUE>

44,242,990


<RECEIVABLES>

367,179


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

44,610,169


<PAYABLE-FOR-SECURITIES>

160,128


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

89,418


<TOTAL-LIABILITIES>

249,546


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

26,635,837


<SHARES-COMMON-STOCK>

1,014,388


<SHARES-COMMON-PRIOR>

890,550


<ACCUMULATED-NII-CURRENT>

33,271


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

1,695,923


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

15,995,592


<NET-ASSETS>

44,360,623


<DIVIDEND-INCOME>

540,199


<INTEREST-INCOME>

124,688


<OTHER-INCOME>

0


<EXPENSES-NET>

265,324


<NET-INVESTMENT-INCOME>

399,563


<REALIZED-GAINS-CURRENT>

1,972,406


<APPREC-INCREASE-CURRENT>

4,607,442


<NET-CHANGE-FROM-OPS>

6,979,411


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

397,518


<DISTRIBUTIONS-OF-GAINS>

1,237,608


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

309,914


<NUMBER-OF-SHARES-REDEEMED>

229,152


<SHARES-REINVESTED>

43,076


<NET-CHANGE-IN-ASSETS>

10,076,937


<ACCUMULATED-NII-PRIOR>

32,461


<ACCUMULATED-GAINS-PRIOR>

1,020,360


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

192,514


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

270,837


<AVERAGE-NET-ASSETS>

39,193,839


<PER-SHARE-NAV-BEGIN>

38.500


<PER-SHARE-NII>

 .410


<PER-SHARE-GAIN-APPREC>

6.590


<PER-SHARE-DIVIDEND>

 .410


<PER-SHARE-DISTRIBUTIONS>

1.360


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

43.730


<EXPENSE-RATIO>

69


<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-31-1998


<PERIOD-END>

JUL-31-1998


<INVESTMENTS-AT-COST>

11,963,604


<INVESTMENTS-AT-VALUE>

17,133,436


<RECEIVABLES>

203,977


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

17,337,413


<PAYABLE-FOR-SECURITIES>

238,454


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

92,718


<TOTAL-LIABILITIES>

331,172


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

10,969,219


<SHARES-COMMON-STOCK>

361,351


<SHARES-COMMON-PRIOR>

312,497


<ACCUMULATED-NII-CURRENT>

41,266


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

825,828


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

5,169,928


<NET-ASSETS>

17,006,241


<DIVIDEND-INCOME>

142,667


<INTEREST-INCOME>

32,929


<OTHER-INCOME>

0


<EXPENSES-NET>

100,949


<NET-INVESTMENT-INCOME>

74,647


<REALIZED-GAINS-CURRENT>

1,047,466


<APPREC-INCREASE-CURRENT>

1,649,287


<NET-CHANGE-FROM-OPS>

2,771,400


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

83,745


<DISTRIBUTIONS-OF-GAINS>

562,631


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

126,191


<NUMBER-OF-SHARES-REDEEMED>

93,696


<SHARES-REINVESTED>

16,359


<NET-CHANGE-IN-ASSETS>

4,128,941


<ACCUMULATED-NII-PRIOR>

55,275


<ACCUMULATED-GAINS-PRIOR>

369,813


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

67,420


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

103,591


<AVERAGE-NET-ASSETS>

14,487,535


<PER-SHARE-NAV-BEGIN>

41.210


<PER-SHARE-NII>

 .220


<PER-SHARE-GAIN-APPREC>

7.640


<PER-SHARE-DIVIDEND>

 .260


<PER-SHARE-DISTRIBUTIONS>

1.750


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

47.060


<EXPENSE-RATIO>

72


<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-31-1998


<PERIOD-END>

JUL-31-1998


<INVESTMENTS-AT-COST>

6,162,481


<INVESTMENTS-AT-VALUE>

7,342,034


<RECEIVABLES>

122,777


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

7,464,811


<PAYABLE-FOR-SECURITIES>

64,393


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

29,186


<TOTAL-LIABILITIES>

93,579


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

5,589,796


<SHARES-COMMON-STOCK>

262,196


<SHARES-COMMON-PRIOR>

174,181


<ACCUMULATED-NII-CURRENT>

25,375


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

576,508


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

1,179,553


<NET-ASSETS>

7,371,232


<DIVIDEND-INCOME>

67,067


<INTEREST-INCOME>

12,994


<OTHER-INCOME>

0


<EXPENSES-NET>

45,832


<NET-INVESTMENT-INCOME>

34,229


<REALIZED-GAINS-CURRENT>

743,965


<APPREC-INCREASE-CURRENT>

341,085


<NET-CHANGE-FROM-OPS>

1,119,279


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

26,753


<DISTRIBUTIONS-OF-GAINS>

391,699


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

177,628


<NUMBER-OF-SHARES-REDEEMED>

107,573


<SHARES-REINVESTED>

17,960


<NET-CHANGE-IN-ASSETS>

3,003,650


<ACCUMULATED-NII-PRIOR>

20,704


<ACCUMULATED-GAINS-PRIOR>

264,331


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

34,480


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

47,287


<AVERAGE-NET-ASSETS>

5,316,440


<PER-SHARE-NAV-BEGIN>

25.070


<PER-SHARE-NII>

 .170


<PER-SHARE-GAIN-APPREC>

5.210


<PER-SHARE-DIVIDEND>

 .150


<PER-SHARE-DISTRIBUTIONS>

2.190


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

28.110


<EXPENSE-RATIO>

89


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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