FIDELITY SECURITIES FUND
NSAR-A, 1999-03-26
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<PAGE>      PAGE  1
000 A000000 01/31/99
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  235
019 C00AA00 FIDELITYZZ
020 A000001 NATIONAL FINANCIAL SERVICES CORP.
020 B000001 04-2653569
020 C000001   3102
020 A000002 GOLDMAN SACHS & CO., INC.
020 B000002 13-5108880
020 C000002   1842
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000003 13-2741729
020 C000003   1659
020 A000004 BT ALEX BROWN, INC.
020 B000004 13-3311934
020 C000004   1524
020 A000005 MORGAN STANLEY, DEAN WITTER & CO.
020 B000005 13-2655998
020 C000005   1515
020 A000006 DEUTSCHE MORGAN GRENFELL CANADA LTD.
020 B000006 00-0000000
020 C000006   1472
020 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000007 13-5674085
<PAGE>      PAGE  3
020 C000007   1269
020 A000008 NATIONSBANC MONT SECS (EQTY)
020 B000008 75-0520130
020 C000008   1268
020 A000009 SCHROEDER & CO., INC.
020 B000009 13-2697272
020 C000009   1158
020 A000010 SMITH BARNEY, INC.
020 B000010 13-1912900
020 C000010   1054
021  000000    26037
022 A000001 TAXABLE CENTRAL CASH FUND
022 B000001 04-3331103
022 C000001   5062912
022 D000001   3809419
022 A000002 SMITH BARNEY, INC.
022 B000002 13-1912900
022 C000002    815310
022 D000002    780014
022 A000003 INSTINET CORP.
022 B000003 13-3443395
022 C000003    615251
022 D000003    391807
022 A000004 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000004 13-2741729
022 C000004    577965
022 D000004    319873
022 A000005 GOLDMAN, SACHS & CO., INC.
022 B000005 13-5108880
022 C000005    508513
022 D000005    369499
022 A000006 FIDELITY CONTRAFUND, INC.
022 B000006 04-6056833
022 C000006    480579
022 D000006    344960
022 A000007 MORGAN STANLEY, DEAN WITTER & CO.
022 B000007 13-2655998
022 C000007    328518
022 D000007    476428
022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000008 13-5674085
022 C000008    303234
022 D000008    292979
022 A000009 CS FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009    121910
022 D000009    148131
022 A000010 BEAR, STEARNS & CO., INC.
022 B000010 13-3299429
022 C000010    148738
022 D000010     27969
<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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<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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028 B040400    243239
028 C010400    807527
028 C020400        21
028 C030400         0
028 C040400    392317
028 D010400   1124524
028 D020400         6
028 D030400         0
028 D040400    242518
028 E010400    782424
028 E020400    112060
028 E030400         0
028 E040400    428577
028 F010400   1234013
028 F020400        14
028 F030400         0
028 F040400    479470
028 G010400   5000877
028 G020400    617300
028 G030400         0
028 G040400   2284467
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
<PAGE>      PAGE  19
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
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 Y
070 L010400 Y
<PAGE>      PAGE  20
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   7181948
071 B000400   4544296
071 C000400   8302595
071 D000400   55
072 A000400  6
072 B000400     9045
072 C000400    50503
072 D000400        0
072 E000400        0
072 F000400    28248
072 G000400        0
072 H000400        0
072 I000400     8488
072 J000400       71
072 K000400        0
072 L000400        0
072 M000400       15
072 N000400     1198
072 O000400        0
072 P000400        0
072 Q000400      422
072 R000400       26
072 S000400       21
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400       20
072 X000400    38509
072 Y000400     1931
072 Z000400    22970
072AA000400   427816
072BB000400        0
072CC010400   792533
072CC020400        0
072DD010400    38405
072DD020400        0
072EE000400   597842
073 A010400   0.1300
<PAGE>      PAGE  21
073 A020400   0.0000
073 B000400   2.1900
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400        0
074 D000400        0
074 E000400        0
074 F000400 10941331
074 G000400        0
074 H000400        0
074 I000400   365338
074 J000400   246052
074 K000400        0
074 L000400    76038
074 M000400        0
074 N000400 11628759
074 O000400   256409
074 P000400     6025
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400    54311
074 S000400        0
074 T000400 11312014
074 U010400   388321
074 U020400        0
074 V010400    29.13
074 V020400     0.00
074 W000400   0.0000
074 X000400   740714
074 Y000400        0
075 A000400        0
075 B000400  8441717
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>
6-MOS
<FISCAL-YEAR-END>
JUL-31-1999
<PERIOD-END>
JAN-31-1999
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4,232,698
<INVESTMENTS-AT-VALUE>
6,217,898
<RECEIVABLES>
83,686
<ASSETS-OTHER>
1
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
6,301,585
<PAYABLE-FOR-SECURITIES>
164,920
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
43,910
<TOTAL-LIABILITIES>
208,830
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
3,825,805
<SHARES-COMMON-STOCK>
128,217
<SHARES-COMMON-PRIOR>
112,242
<ACCUMULATED-NII-CURRENT>
(4,092)
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
285,839
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
1,985,203
<NET-ASSETS>
6,092,755
<DIVIDEND-INCOME>
5,246
<INTEREST-INCOME>
7,414
<OTHER-INCOME>
0
<EXPENSES-NET>
16,752
<NET-INVESTMENT-INCOME>
(4,092)
<REALIZED-GAINS-CURRENT>
303,364
<APPREC-INCREASE-CURRENT>
997,675
<NET-CHANGE-FROM-OPS>
1,296,947
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
0
<DISTRIBUTIONS-OF-GAINS>
266,092
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
53,960
<NUMBER-OF-SHARES-REDEEMED>
46,320
<SHARES-REINVESTED>
8,335
<NET-CHANGE-IN-ASSETS>
1,599,767
<ACCUMULATED-NII-PRIOR>
2
<ACCUMULATED-GAINS-PRIOR>
380,632
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
11,180
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
17,205
<AVERAGE-NET-ASSETS>
4,593,482
<PER-SHARE-NAV-BEGIN>
40.030
<PER-SHARE-NII>
(.030)
<PER-SHARE-GAIN-APPREC>
9.900
<PER-SHARE-DIVIDEND>
0
<PER-SHARE-DISTRIBUTIONS>
2.380
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
47.520
<EXPENSE-RATIO>
75
<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>
6-MOS
<FISCAL-YEAR-END>
JUL-31-1999
<PERIOD-END>
JAN-31-1999
<INVESTMENTS-AT-COST>
28,776,313
<INVESTMENTS-AT-VALUE>
49,087,361
<RECEIVABLES>
499,896
<ASSETS-OTHER>
1
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
49,587,258
<PAYABLE-FOR-SECURITIES>
235,014
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
108,820
<TOTAL-LIABILITIES>
343,834
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
28,571,139
<SHARES-COMMON-STOCK>
1,060,647
<SHARES-COMMON-PRIOR>
1,014,388
<ACCUMULATED-NII-CURRENT>
42,733
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
318,361
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
20,311,191
<NET-ASSETS>
49,243,424
<DIVIDEND-INCOME>
272,383
<INTEREST-INCOME>
78,521
<OTHER-INCOME>
0
<EXPENSES-NET>
146,891
<NET-INVESTMENT-INCOME>
204,013
<REALIZED-GAINS-CURRENT>
940,472
<APPREC-INCREASE-CURRENT>
4,315,599
<NET-CHANGE-FROM-OPS>
5,460,084
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
194,551
<DISTRIBUTIONS-OF-GAINS>
2,186,855
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
107,873
<NUMBER-OF-SHARES-REDEEMED>
121,436
<SHARES-REINVESTED>
59,822
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4,882,801
<ACCUMULATED-NII-PRIOR>
33,271
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1,695,923
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0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
107,047
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0
<GROSS-EXPENSE>
150,462
<AVERAGE-NET-ASSETS>
43,772,774
<PER-SHARE-NAV-BEGIN>
43.730
<PER-SHARE-NII>
 .200
<PER-SHARE-GAIN-APPREC>
4.850
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 .190
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<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
46.430
<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>
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<FISCAL-YEAR-END>
JUL-31-1999
<PERIOD-END>
JAN-31-1999
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13,384,293
<INVESTMENTS-AT-VALUE>
21,573,120
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161,830
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0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
21,734,950
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243,377
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
53,933
<TOTAL-LIABILITIES>
297,310
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
12,976,777
<SHARES-COMMON-STOCK>
404,717
<SHARES-COMMON-PRIOR>
361,351
<ACCUMULATED-NII-CURRENT>
31,098
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
240,880
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
8,188,885
<NET-ASSETS>
21,437,640
<DIVIDEND-INCOME>
73,704
<INTEREST-INCOME>
17,803
<OTHER-INCOME>
0
<EXPENSES-NET>
60,310
<NET-INVESTMENT-INCOME>
31,197
<REALIZED-GAINS-CURRENT>
246,758
<APPREC-INCREASE-CURRENT>
3,018,957
<NET-CHANGE-FROM-OPS>
3,296,912
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
36,305
<DISTRIBUTIONS-OF-GAINS>
747,877
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
79,621
<NUMBER-OF-SHARES-REDEEMED>
55,885
<SHARES-REINVESTED>
19,630
<NET-CHANGE-IN-ASSETS>
4,431,399
<ACCUMULATED-NII-PRIOR>
41,266
<ACCUMULATED-GAINS-PRIOR>
825,828
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
40,202
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
61,869
<AVERAGE-NET-ASSETS>
17,389,867
<PER-SHARE-NAV-BEGIN>
47.060
<PER-SHARE-NII>
 .080
<PER-SHARE-GAIN-APPREC>
7.990
<PER-SHARE-DIVIDEND>
 .100
<PER-SHARE-DISTRIBUTIONS>
2.060
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
52.970
<EXPENSE-RATIO>
71
<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>
6-MOS
<FISCAL-YEAR-END>
JUL-31-1999
<PERIOD-END>
JAN-31-1999
<INVESTMENTS-AT-COST>
9,334,584
<INVESTMENTS-AT-VALUE>
11,306,669
<RECEIVABLES>
322,090
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
11,628,759
<PAYABLE-FOR-SECURITIES>
256,409
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
60,336
<TOTAL-LIABILITIES>
316,745
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
9,028,913
<SHARES-COMMON-STOCK>
388,321
<SHARES-COMMON-PRIOR>
262,196
<ACCUMULATED-NII-CURRENT>
5,495
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
305,520
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
1,972,086
<NET-ASSETS>
11,312,014
<DIVIDEND-INCOME>
50,503
<INTEREST-INCOME>
9,045
<OTHER-INCOME>
0
<EXPENSES-NET>
36,578
<NET-INVESTMENT-INCOME>
22,970
<REALIZED-GAINS-CURRENT>
427,816
<APPREC-INCREASE-CURRENT>
792,533
<NET-CHANGE-FROM-OPS>
1,243,319
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
38,405
<DISTRIBUTIONS-OF-GAINS>
597,842
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
186,111
<NUMBER-OF-SHARES-REDEEMED>
86,242
<SHARES-REINVESTED>
26,256
<NET-CHANGE-IN-ASSETS>
3,940,782
<ACCUMULATED-NII-PRIOR>
25,375
<ACCUMULATED-GAINS-PRIOR>
576,508
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
28,248
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
38,509
<AVERAGE-NET-ASSETS>
8,441,717
<PER-SHARE-NAV-BEGIN>
28.110
<PER-SHARE-NII>
 .070
<PER-SHARE-GAIN-APPREC>
3.270
<PER-SHARE-DIVIDEND>
 .130
<PER-SHARE-DISTRIBUTIONS>
2.190
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
29.130
<EXPENSE-RATIO>
92
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0

        



</TABLE>


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