UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-215

Fidelity Hastings Street Trust
(Exact name of registrant as specified in charter)

82 Devonshire St., Boston, Massachusetts 02109
(Address of principal executive offices) (Zip code)

Eric D. Roiter, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	June 30
Date of reporting period:	September 30, 2005

Item 1. Schedule of Investments

Quarterly Holdings Report
for
Fidelity® Discovery Fund

September 30, 2005

1.799853.102
CII-QTLY 1105

Investments September 30, 2005 (Unaudited)
Showing Percentage of Net Assets
Common Stocks 92.8%
		Shares		Value (000s)
CONSUMER DISCRETIONARY – 15.0%
Auto Components 1.8%
Delphi Corp. (a)		462,649	$	1,277
Gentex Corp.		143,500		2,497
Lear Corp.		3,800		129
Michelin SA (Compagnie Generale des Etablissements) Series B		69,142		4,063
				7,966
Automobiles – 0.1%
Fleetwood Enterprises, Inc. (a)		18,200		224
Monaco Coach Corp.		7,000		103
				327
Hotels, Restaurants & Leisure 0.7%
Domino’s Pizza, Inc.		47,700		1,112
Vail Resorts, Inc. (a)		4,900		141
WMS Industries, Inc. (a)		71,300		2,006
				3,259
Household Durables – 0.4%
Garmin Ltd.		25,500		1,730
Internet & Catalog Retail 1.1%
eBay, Inc. (a)		125,300		5,162
Leisure Equipment & Products – 0.3%
Brunswick Corp.		150		6
MarineMax, Inc. (a)		23,200		591
Marvel Entertainment, Inc. (a)		54,100		967
				1,564
Media – 6.8%
Clear Channel Communications, Inc.		112,654		3,705
Cumulus Media, Inc. Class A (a)		108,834		1,359
Entercom Communications Corp. Class A (a)		61,750		1,951
Getty Images, Inc. (a)		2,000		172
Lamar Advertising Co. Class A (a)		92,568		4,199
News Corp. Class A		419,900		6,546
Omnicom Group, Inc.		19,300		1,614
Pixar (a)		46,900		2,088
Playboy Enterprises, Inc. Class B (non-vtg.) (a)		27,700		391
Univision Communications, Inc. Class A (a)		190,300		5,049
XM Satellite Radio Holdings, Inc. Class A (a)		89,400		3,210
				30,284
Quarterly Report	2

Common Stocks continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY – continued
Specialty Retail – 3.7%
Electronics Boutique Holding Corp. (a)	84,200	$	5,291
GameStop Corp. Class A (a)	169,800		5,344
Monro Muffler Brake, Inc.	28,978		761
Staples, Inc.	165,250		3,523
The Game Group PLC	999,765		1,508
Urban Outfitters, Inc. (a)	4,000		118
			16,545
Textiles, Apparel & Luxury Goods – 0.1%
NIKE, Inc. Class B	3,800		310
TOTAL CONSUMER DISCRETIONARY			67,147
CONSUMER STAPLES – 11.0%
Beverages – 2.7%
Coca-Cola Enterprises, Inc.	170,700		3,329
The Coca-Cola Co.	199,700		8,625
			11,954
Food & Staples Retailing – 1.3%
Wal-Mart Stores, Inc.	129,500		5,675
Food Products 1.2%
Campbell Soup Co.	30,000		893
Corn Products International, Inc.	58,100		1,172
Hormel Foods Corp.	36,825		1,215
Nestle SA:
(Reg.)	3,649		1,069
sponsored ADR	16,400		1,205
			5,554
Household Products – 1.3%
Colgate-Palmolive Co.	39,900		2,106
Procter & Gamble Co.	65,000		3,865
			5,971
Personal Products 1.1%
Gillette Co.	81,600		4,749

3 Quarterly Report

Investments (Unaudited) continued
Common Stocks continued
	Shares		Value (000s)
CONSUMER STAPLES – continued
Tobacco 3.4%
Altria Group, Inc.	197,800	$	14,580
UST, Inc.	18,500		774
			15,354
TOTAL CONSUMER STAPLES			49,257
ENERGY 2.6%
Energy Equipment & Services – 0.9%
Halliburton Co.	35,300		2,419
Schlumberger Ltd. (NY Shares)	20,000		1,688
			4,107
Oil, Gas & Consumable Fuels – 1.7%
Arch Coal, Inc.	25,500		1,721
Giant Industries, Inc. (a)	19,300		1,130
Peabody Energy Corp.	21,100		1,780
Tesoro Corp.	3,600		242
Valero Energy Corp.	21,800		2,465
			7,338
TOTAL ENERGY			11,445
FINANCIALS – 12.7%
Capital Markets 0.3%
Morgan Stanley	16,500		890
T. Rowe Price Group, Inc.	3,790		247
			1,137
Commercial Banks – 0.4%
Bank of America Corp.	3,600		152
Bank of Communications Co. Ltd. (H Shares)	38,000		16
Boston Private Financial Holdings, Inc.	2,300		61
Uniao de Bancos Brasileiros SA (Unibanco) unit	130,800		1,375
Wachovia Corp.	4,800		228
			1,832
Consumer Finance – 2.6%
SLM Corp.	218,150		11,702
Insurance – 9.4%
ACE Ltd.	94,400		4,443
AFLAC, Inc.	90,180		4,085

Quarterly Report

4

Common Stocks continued
	Shares		Value (000s)
FINANCIALS – continued
Insurance – continued
AMBAC Financial Group, Inc.	29,500	$	2,126
American International Group, Inc.	508,150		31,486
			42,140
Thrifts & Mortgage Finance – 0.0%
Freddie Mac	3,600		203
TOTAL FINANCIALS			57,014
HEALTH CARE – 17.6%
Biotechnology – 4.0%
Biogen Idec, Inc. (a)	64,100		2,531
Cephalon, Inc. (a)	38,200		1,773
Charles River Laboratories International, Inc. (a)	99,800		4,353
Gilead Sciences, Inc. (a)	72,800		3,550
MedImmune, Inc. (a)	134,526		4,527
ONYX Pharmaceuticals, Inc. (a)	22,500		562
OSI Pharmaceuticals, Inc. (a)	25,600		749
			18,045
Health Care Equipment & Supplies – 2.0%
Alcon, Inc.	7,300		934
BioLase Technology, Inc.	63,100		450
C.R. Bard, Inc.	15,300		1,010
Nobel Biocare Holding AG (Switzerland)	10,165		2,396
Phonak Holding AG	29,769		1,276
Straumann Holding AG	10,528		2,821
			8,887
Health Care Providers & Services – 4.5%
Aetna, Inc.	25,400		2,188
Humana, Inc. (a)	120,000		5,746
UnitedHealth Group, Inc.	212,930		11,967
WebMD Health Corp. Class A	16,600		409
			20,310
Pharmaceuticals – 7.1%
Cipla Ltd.	142,134		1,228
Johnson & Johnson	110,100		6,967
Novartis AG sponsored ADR	88,400		4,508
Roche Holding AG (participation certificate)	70,314		9,769

5 Quarterly Report

Investments (Unaudited)  continued
Common Stocks continued
		Shares		Value (000s)
HEALTH CARE – continued
Pharmaceuticals – continued
Sepracor, Inc. (a)		63,500	$	3,746
Wyeth		118,000		5,460
				31,678
TOTAL HEALTH CARE				78,920
INDUSTRIALS – 9.6%
Aerospace & Defense – 3.0%
Honeywell International, Inc.		173,400		6,503
The Boeing Co.		83,400		5,667
United Technologies Corp.		21,800		1,130
				13,300
Airlines – 0.3%
AirTran Holdings, Inc. (a)		113,945		1,443
Commercial Services & Supplies – 0.3%
Tele Atlas NV (a)		36,800		1,273
Construction & Engineering – 0.2%
Foster Wheeler Ltd. (a)		12,700		392
Jacobs Engineering Group, Inc. (a)		6,500		438
				830
Industrial Conglomerates – 5.4%
General Electric Co.		715,480		24,090
Marine – 0.4%
Alexander & Baldwin, Inc.		35,600		1,895
TOTAL INDUSTRIALS				42,831
INFORMATION TECHNOLOGY – 18.0%
Communications Equipment – 4.1%
Alcatel SA sponsored ADR (a)		232,400		3,119
CIENA Corp. (a)		3,378,000		8,918
Corning, Inc. (a)		51,000		986
Finisar Corp. (a)		1,702,524		2,332
Juniper Networks, Inc. (a)		36,800		875
Lucent Technologies, Inc. (a)		453,900		1,475
NMS Communications Corp. (a)		171,000		633
				18,338
Computers & Peripherals – 0.3%
Dell, Inc. (a)		37,000		1,265
Quarterly Report	6

Common Stocks continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY – continued
Computers & Peripherals – continued
SanDisk Corp. (a)	400	$	19
Synaptics, Inc. (a)	14,600		274
			1,558
Internet Software & Services – 0.5%
Akamai Technologies, Inc. (a)	28,993		462
NetRatings, Inc. (a)	31,931		486
Yahoo!, Inc. (a)	36,500		1,235
			2,183
IT Services – 0.0%
Infosys Technologies Ltd.	1,968		113
Semiconductors & Semiconductor Equipment – 3.1%
Applied Micro Circuits Corp. (a)	236,800		710
ASML Holding NV (NY Shares) (a)	122,320		2,020
ATI Technologies, Inc. (a)	239,700		3,313
Intel Corp.	18,190		448
PMC-Sierra, Inc. (a)	280,529		2,471
Silicon On Insulator TEChnologies SA (SOITEC) (a)	23,969		405
Teradyne, Inc. (a)	195,200		3,221
United Microelectronics Corp. sponsored ADR	72,906		262
Vitesse Semiconductor Corp. (a)	11,300		21
Xilinx, Inc.	36,357		1,013
			13,884
Software 10.0%
Activision, Inc. (a)	188,146		3,848
Cadence Design Systems, Inc. (a)	109,900		1,776
Gameloft (a)	207,007		1,501
Microsoft Corp.	1,221,060		31,418
NAVTEQ Corp. (a)	23,900		1,194
NDS Group PLC sponsored ADR (a)	19,600		728
Take-Two Interactive Software, Inc. (a)	81,200		1,794
THQ, Inc. (a)	110,358		2,353
			44,612
TOTAL INFORMATION TECHNOLOGY			80,688
MATERIALS 3.0%
Chemicals – 0.3%
Monsanto Co.	18,400		1,155

7 Quarterly Report

Investments (Unaudited)  continued
Common Stocks continued
	Shares		Value (000s)
MATERIALS – continued
Metals & Mining – 2.7%
Alamos Gold, Inc. (a)	95,100	$	393
Allegheny Technologies, Inc.	33,000		1,022
Apex Silver Mines Ltd. (a)	52,900		831
Glamis Gold Ltd. (a)	102,700		2,253
IAMGOLD Corp.	69,800		512
Newmont Mining Corp.	130,940		6,176
Titanium Metals Corp. (a)	24,500		969
			12,156
TOTAL MATERIALS			13,311
TELECOMMUNICATION SERVICES – 2.7%
Diversified Telecommunication Services – 2.7%
SBC Communications, Inc.	309,100		7,409
Verizon Communications, Inc.	150,830		4,931
			12,340
UTILITIES – 0.6%
Independent Power Producers & Energy Traders – 0.6%
TXU Corp.	22,200		2,506
TOTAL COMMON STOCKS
(Cost $405,560)			415,459
Preferred Stocks 0.0%
Convertible Preferred Stocks 0.0%
INFORMATION TECHNOLOGY – 0.0%
Communications Equipment – 0.0%
Chorum Technologies, Inc. Series E (a)(d)	6,900		0
Nonconvertible Preferred Stocks 0.0%
HEALTH CARE – 0.0%
Biotechnology – 0.0%
GeneProt, Inc. Series A (a)(d)
(Cost $452)	64,000		0

Quarterly Report

8

Convertible Bonds 0.6%
	Principal			Value
	Amount (000s)			(000s)
INFORMATION TECHNOLOGY – 0.6%
Communications Equipment – 0.6%
CIENA Corp. 3.75% 2/1/08	$	2,960	$	2,705
TOTAL CONVERTIBLE BONDS
(Cost $2,765)				2,705
Money Market Funds 8.0%
	Shares
Fidelity Cash Central Fund, 3.82% (b)	31,142,391			31,142
Fidelity Securities Lending Cash Central Fund, 3.84% (b)(c)	4,814,384			4,814
TOTAL MONEY MARKET FUNDS
(Cost $35,956)				35,956
TOTAL INVESTMENT PORTFOLIO 101.4%
(Cost $444,733)				454,120
NET OTHER ASSETS – (1.4)%				(6,183)
NET ASSETS 100%			$	447,937

9 Quarterly Report

Investments (Unaudited) continued

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to
investment companies and other
accounts managed by Fidelity
Investments. The rate quoted is the
annualized seven-day yield of the fund
at period end. A complete unaudited
listing of the fund’s holdings as of its
most recent quarter end is available
upon request.

(c) Investment made with cash collateral
received from securities on loan.

(d) Restricted securities – Investment in
securities not registered under the
Securities Act of 1933 (excluding 144A
issues). At the end of the period, the
value of restricted securities (excluding
144A issues) amounted to $0 or 0.0% of
net assets.

Additional information on each holding is as follows:

	Acquisition	Acquisition
Security	Date	Cost (000s)
Chorum
Technologies, Inc.
Series E	9/19/00	$	119
GeneProt, Inc.
Series A	7/7/00	$	352

Income Tax Information

At September 30, 2005, the aggregate cost of investment securities for income tax purposes was $446,784,000. Net unrealized appreciation aggregated $7,336,000, of which $25,550,000 related to appreciated investment securities and $18,214,000 related to depreciated investment securities.

Quarterly Report 10

The fund’s schedule of investments as of the date on the cover of this report has not
been audited. This report is provided for the general information of the fund’s
shareholders. For more information regarding the fund and its holdings, please
see the fund’s most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective
owners. All other trademarks and service marks are the property of FMR Corp.
or an affiliate.

11 Quarterly Report

Quarterly Holdings Report
for
Fidelity® Fifty

September 30, 2005

Investments September 30, 2005 (Unaudited)
Showing Percentage of Net Assets
Common Stocks 98.3%
	Shares	Value
CONSUMER DISCRETIONARY – 10.7%
Diversified Consumer Services – 2.4%
Sothebys Holdings, Inc. Class A (ltd. vtg.) (a)	485,700	$ 8,120,904
Universal Technical Institute, Inc. (a)	326,400	11,623,104
		19,744,008
Hotels, Restaurants & Leisure 3.3%
Carnival Corp. unit	285,900	14,289,282
Kerzner International Ltd. (a)	240,250	13,345,888
		27,635,170
Internet & Catalog Retail 0.9%
eBay, Inc. (a)	187,600	7,729,120
Media – 1.6%
McGraw Hill Companies, Inc.	188,400	9,050,736
Radio One, Inc. Class D (non-vtg.) (a)	331,675	4,361,526
		13,412,262
Multiline Retail – 1.5%
Target Corp.	244,300	12,686,499
Specialty Retail – 1.0%
The Children’s Place Retail Stores, Inc. (a)	244,942	8,729,733
TOTAL CONSUMER DISCRETIONARY		89,936,792
CONSUMER STAPLES 4.2%
Food & Staples Retailing – 1.3%
Walgreen Co.	259,200	11,262,240
Food Products 0.2%
Wm. Wrigley Jr. Co.	19,800	1,423,224
Household Products – 1.6%
Colgate-Palmolive Co.	257,000	13,567,030
Personal Products 1.1%
Avon Products, Inc.	336,000	9,072,000
TOTAL CONSUMER STAPLES		35,324,494
ENERGY 12.8%
Energy Equipment & Services – 8.5%
Halliburton Co.	460,500	31,553,460
Nabors Industries Ltd. (a)	373,300	26,814,139
Weatherford International Ltd. (a)	184,700	12,681,502
		71,049,101
	13	Quarterly Report

Investments (Unaudited)  continued
Common Stocks continued
	Shares		Value
ENERGY – continued
Oil, Gas & Consumable Fuels – 4.3%
Chesapeake Energy Corp.	287,900	$	11,012,175
EnCana Corp.	249,800		14,578,471
Valero Energy Corp.	97,400		11,012,044
			36,602,690
TOTAL ENERGY			107,651,791
FINANCIALS – 8.5%
Consumer Finance – 3.7%
American Express Co.	540,100		31,023,344
Insurance – 4.8%
American International Group, Inc.	407,300		25,236,308
Aon Corp.	238,100		7,638,248
PartnerRe Ltd.	57,900		3,708,495
Prudential Financial, Inc.	48,800		3,296,928
			39,879,979
TOTAL FINANCIALS			70,903,323
HEALTH CARE – 6.9%
Health Care Equipment & Supplies – 2.0%
Alcon, Inc.	52,500		6,713,700
Baxter International, Inc.	256,100		10,210,707
			16,924,407
Health Care Providers & Services – 4.9%
Henry Schein, Inc. (a)	339,600		14,473,752
UnitedHealth Group, Inc.	476,600		26,784,920
			41,258,672
TOTAL HEALTH CARE			58,183,079
INDUSTRIALS – 18.1%
Aerospace & Defense – 3.1%
Precision Castparts Corp.	410,800		21,813,480
Rockwell Collins, Inc.	82,700		3,996,064
			25,809,544

Quarterly Report

14

Common Stocks continued
	Shares		Value
INDUSTRIALS – continued
Airlines – 3.6%
AirTran Holdings, Inc. (a)	1,437,930	$	18,204,194
Ryanair Holdings PLC sponsored ADR (a)	276,800		12,602,704
			30,806,898
Commercial Services & Supplies – 3.2%
Monster Worldwide, Inc. (a)	256,200		7,867,902
Navigant Consulting, Inc. (a)	300,600		5,759,496
R.R. Donnelley & Sons Co.	355,400		13,174,678
			26,802,076
Construction & Engineering – 1.9%
Jacobs Engineering Group, Inc. (a)	235,300		15,859,220
Industrial Conglomerates – 5.3%
3M Co.	414,600		30,415,056
General Electric Co.	421,000		14,175,070
			44,590,126
Machinery – 1.0%
Danaher Corp.	153,900		8,284,437
TOTAL INDUSTRIALS			152,152,301
INFORMATION TECHNOLOGY – 29.7%
Communications Equipment – 4.9%
Motorola, Inc.	273,100		6,032,779
QUALCOMM, Inc.	520,900		23,310,275
SiRF Technology Holdings, Inc. (a)	389,500		11,735,635
			41,078,689
Computers & Peripherals – 3.5%
Seagate Technology	1,486,200		23,556,270
UNOVA, Inc. (a)	165,300		5,782,194
			29,338,464
Electronic Equipment & Instruments – 0.6%
Agilent Technologies, Inc. (a)	155,900		5,105,725
Internet Software & Services – 6.3%
Google, Inc. Class A (sub. vtg.) (a)	133,500		42,247,409
Yahoo!, Inc. (a)	311,900		10,554,696
			52,802,105

15 Quarterly Report

Investments (Unaudited)  continued
Common Stocks continued
	Shares	Value
INFORMATION TECHNOLOGY – continued
IT Services – 3.7%
Infosys Technologies Ltd.	425,838	$ 24,368,338
Paychex, Inc.	192,500	7,137,900
		31,506,238
Semiconductors & Semiconductor Equipment – 3.2%
Cypress Semiconductor Corp. (a)	339,300	5,106,465
Maxim Integrated Products, Inc.	317,500	13,541,375
MEMC Electronic Materials, Inc. (a)	353,100	8,047,149
		26,694,989
Software 7.5%
Microsoft Corp.	1,577,000	40,576,210
NAVTEQ Corp. (a)	448,600	22,407,570
		62,983,780
TOTAL INFORMATION TECHNOLOGY		249,509,990
MATERIALS 6.3%
Chemicals – 2.1%
Monsanto Co.	160,900	10,096,475
Potash Corp. of Saskatchewan	82,700	7,706,621
		17,803,096
Construction Materials 1.5%
Florida Rock Industries, Inc.	194,600	12,471,914
Metals & Mining – 2.7%
Allegheny Technologies, Inc.	218,400	6,766,032
Carpenter Technology Corp.	265,200	15,543,372
		22,309,404
TOTAL MATERIALS		52,584,414
TELECOMMUNICATION SERVICES – 1.1%
Wireless Telecommunication Services – 1.1%
Sprint Nextel Corp.	393,300	9,352,674
TOTAL COMMON STOCKS
(Cost $673,525,889)		825,598,858

Quarterly Report

16

Money Market Funds 3.3%
	Shares	Value
Fidelity Cash Central Fund, 3.82% (b)
(Cost $27,930,341)	27,930,341	$ 27,930,341
TOTAL INVESTMENT PORTFOLIO  101.6%
(Cost $701,456,230)	853,529,199
NET OTHER ASSETS – (1.6)%		(13,735,123)
NET ASSETS 100%	$ 839,794,076

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to
investment companies and other
accounts managed by Fidelity
Investments. The rate quoted is the
annualized seven-day yield of the fund
at period end. A complete unaudited
listing of the fund’s holdings as of its
most recent quarter end is available
upon request.

Income Tax Information

At September 30, 2005, the aggregate cost of investment securities for income tax purposes was $701,869,526. Net unrealized appreciation aggregated $151,659,673, of which $162,430,934 related to appreciated investment securities and $10,771,261 related to depreciated investment securities.

17 Quarterly Report

The fund’s schedule of investments as of the date on the cover of this report has not
been audited. This report is provided for the general information of the fund’s
shareholders. For more information regarding the fund and its holdings, please
see the fund’s most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective
owners. All other trademarks and service marks are the property of FMR Corp.
or an affiliate.

Quarterly Report

18

Quarterly Holdings Report
for
Fidelity® Fund

September 30, 2005

1.799854.102
FID-QTLY 1105

Investments September 30, 2005 (Unaudited)
Showing Percentage of Net Assets
Common Stocks 99.8%
		Shares		Value (000s)
CONSUMER DISCRETIONARY – 11.8%
Auto Components 0.1%
Delphi Corp. (a)		2,394,998	$	6,610
Hotels, Restaurants & Leisure 0.8%
Carnival Corp. unit		1,548,485		77,393
Household Durables – 3.0%
D.R. Horton, Inc.		1,100,600		39,864
Fortune Brands, Inc.		1,749,100		142,254
Garmin Ltd.		621,200		42,136
Toll Brothers, Inc. (a)		1,682,400		75,153
				299,407
Internet & Catalog Retail 0.3%
eBay, Inc. (a)		750,100		30,904
Media – 3.7%
Lamar Advertising Co. Class A (a)		786,416		35,672
Martha Stewart Living Omnimedia, Inc. Class A (a)		555,379		13,896
McGraw Hill Companies, Inc.		4,256,200		204,468
News Corp. Class A		3,735,036		58,229
XM Satellite Radio Holdings, Inc. Class A (a)		1,416,200		50,856
				363,121
Multiline Retail – 1.8%
Federated Department Stores, Inc.		2,363,800		158,067
Sears Holdings Corp. (a)		173,200		21,550
				179,617
Specialty Retail – 2.1%
Home Depot, Inc.		623,500		23,780
Staples, Inc.		8,598,150		183,313
				207,093
TOTAL CONSUMER DISCRETIONARY				1,164,145
CONSUMER STAPLES – 10.7%
Beverages – 2.2%
Diageo PLC sponsored ADR		329,700		19,126
PepsiCo, Inc.		2,858,590		162,111
Pernod-Ricard		215,600		38,077
				219,314
Quarterly Report	20

Common Stocks continued
	Shares		Value (000s)
CONSUMER STAPLES – continued
Food & Staples Retailing – 2.2%
CVS Corp.	5,509,700	$	159,836
Walgreen Co.	1,311,900		57,002
			216,838
Food Products 2.6%
Kellogg Co.	2,684,500		123,836
Lindt & Spruengli AG (participation certificate)	13,324		22,383
Nestle SA (Reg.)	358,992		105,137
			251,356
Personal Products 1.6%
Gillette Co.	2,739,123		159,417
Tobacco 2.1%
Altria Group, Inc.	2,841,000		209,410
TOTAL CONSUMER STAPLES			1,056,335
ENERGY 9.0%
Energy Equipment & Services – 3.2%
Baker Hughes, Inc.	810,400		48,365
Halliburton Co.	1,699,100		116,422
Nabors Industries Ltd. (a)	721,100		51,797
Schlumberger Ltd. (NY Shares)	1,160,700		97,940
			314,524
Oil, Gas & Consumable Fuels – 5.8%
Amerada Hess Corp.	372,700		51,246
Burlington Resources, Inc.	60,200		4,895
Chesapeake Energy Corp.	129,200		4,942
ConocoPhillips	1,953,492		136,569
Devon Energy Corp.	435,500		29,893
EOG Resources, Inc.	64,100		4,801
Exxon Mobil Corp.	905,400		57,529
Occidental Petroleum Corp.	508,000		43,398
Total SA sponsored ADR	628,500		85,363
Valero Energy Corp.	1,332,600		150,664
			569,300
TOTAL ENERGY			883,824

21 Quarterly Report

Investments (Unaudited) continued
Common Stocks continued
	Shares		Value (000s)
FINANCIALS – 17.9%
Capital Markets 5.0%
Goldman Sachs Group, Inc.	1,501,800	$	182,589
Janus Capital Group, Inc.	2,137,800		30,891
Merrill Lynch & Co., Inc.	3,148,400		193,154
Nomura Holdings, Inc. sponsored ADR	1,980,800		30,782
UBS AG (Reg.)	572,740		48,969
			486,385
Commercial Banks – 2.5%
Bank of America Corp.	1,967,600		82,836
Standard Chartered PLC (United Kingdom)	4,769,300		102,924
Wells Fargo & Co.	1,024,600		60,011
			245,771
Consumer Finance – 3.6%
American Express Co.	4,388,292		252,063
SLM Corp.	1,947,050		104,440
			356,503
Insurance – 5.8%
AFLAC, Inc.	1,797,200		81,413
American International Group, Inc.	3,757,300		232,802
Berkshire Hathaway, Inc. Class A (a)	569		46,658
Genworth Financial, Inc. Class A (non-vtg.)	1,616,600		52,119
Hartford Financial Services Group, Inc.	1,284,400		99,117
The Chubb Corp.	345,600		30,948
XL Capital Ltd. Class A	435,200		29,607
			572,664
Real Estate 1.0%
AvalonBay Communities, Inc.	478,300		40,990
Equity Residential (SBI)	357,000		13,512
Mitsui Fudosan Co. Ltd.	2,286,000		34,620
United Dominion Realty Trust, Inc. (SBI)	423,200		10,030
			99,152
TOTAL FINANCIALS			1,760,475
HEALTH CARE – 15.6%
Biotechnology – 2.0%
Amgen, Inc. (a)	1,321,500		105,284
Biogen Idec, Inc. (a)	990,800		39,117

Quarterly Report

22

Common Stocks continued
	Shares		Value (000s)
HEALTH CARE – continued
Biotechnology – continued
MedImmune, Inc. (a)	999,400	$	33,630
ONYX Pharmaceuticals, Inc. (a)	594,400		14,848
			192,879
Health Care Equipment & Supplies – 4.8%
Becton, Dickinson & Co.	1,766,400		92,612
C.R. Bard, Inc.	2,020,500		133,414
Guidant Corp.	498,300		34,328
Hospira, Inc. (a)	874,600		35,832
Medtronic, Inc.	1,423,900		76,350
Nobel Biocare Holding AG (Switzerland)	89,626		21,124
St. Jude Medical, Inc. (a)	1,633,100		76,429
			470,089
Health Care Providers & Services – 1.7%
Aetna, Inc.	361,300		31,122
UnitedHealth Group, Inc.	2,432,400		136,701
			167,823
Pharmaceuticals – 7.1%
Johnson & Johnson	2,598,700		164,446
Novartis AG sponsored ADR	2,200,600		112,231
Roche Holding AG (participation certificate)	1,784,476		247,932
Wyeth	3,816,640		176,596
			701,205
TOTAL HEALTH CARE			1,531,996
INDUSTRIALS – 13.0%
Aerospace & Defense – 6.7%
BAE Systems PLC	3,308,000		20,051
EADS NV	2,086,779		74,010
Honeywell International, Inc.	5,803,600		217,635
Lockheed Martin Corp.	1,212,130		73,988
Meggitt PLC	5,421,100		31,017
Rolls Royce Group PLC	3,215,400		21,191
The Boeing Co.	3,216,900		218,588
			656,480
Air Freight & Logistics – 0.3%
United Parcel Service, Inc. Class B	483,300		33,411

23 Quarterly Report

Investments (Unaudited)  continued
Common Stocks continued
	Shares		Value (000s)
INDUSTRIALS – continued
Industrial Conglomerates – 4.3%
General Electric Co.	11,701,926	$	394,001
Smiths Group PLC	1,891,500		32,008
			426,009
Machinery – 1.5%
ITT Industries, Inc.	1,269,400		144,204
Road & Rail 0.2%
Laidlaw International, Inc.	988,200		23,885
TOTAL INDUSTRIALS			1,283,989
INFORMATION TECHNOLOGY – 14.4%
Communications Equipment – 5.7%
Cisco Systems, Inc. (a)	3,700		66
Corning, Inc. (a)	3,116,200		60,236
Juniper Networks, Inc. (a)	4,368,940		103,937
Motorola, Inc.	7,334,000		162,008
QUALCOMM, Inc.	4,198,172		187,868
Research In Motion Ltd. (a)	635,000		43,313
			557,428
Computers & Peripherals – 2.9%
Apple Computer, Inc. (a)	3,118,700		167,194
Dell, Inc. (a)	839,055		28,696
EMC Corp. (a)	1,970,567		25,499
Network Appliance, Inc. (a)	2,574,500		61,119
			282,508
Electronic Equipment & Instruments – 0.7%
Amphenol Corp. Class A	1,626,600		65,617
Internet Software & Services – 2.3%
Google, Inc. Class A (sub. vtg.) (a)	526,700		166,679
Yahoo!, Inc. (a)	1,924,200		65,115
			231,794
Semiconductors & Semiconductor Equipment – 1.4%
Freescale Semiconductor, Inc. Class B (a)	1,809,597		42,670
Intel Corp.	4,035,195		99,468
			142,138
Software 1.4%
Citrix Systems, Inc. (a)	1,573,934		39,569

Quarterly Report

24

Common Stocks continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY – continued
Software – continued
Cognos, Inc. (a)	872,200	$	33,737
Microsoft Corp.	2,731,200		70,274
			143,580
TOTAL INFORMATION TECHNOLOGY			1,423,065
MATERIALS 5.6%
Chemicals – 4.6%
Ecolab, Inc.	2,539,500		81,086
Monsanto Co.	3,410,227		213,992
Praxair, Inc.	3,220,176		154,343
			449,421
Containers & Packaging – 0.8%
Owens Illinois, Inc. (a)	2,575,700		53,111
Packaging Corp. of America	1,078,700		20,938
			74,049
Metals & Mining – 0.2%
Nippon Steel Corp.	6,516,000		24,627
TOTAL MATERIALS			548,097
TELECOMMUNICATION SERVICES – 0.8%
Diversified Telecommunication Services – 0.8%
SBC Communications, Inc.	2,047,800		49,086
Verizon Communications, Inc.	813,300		26,587
			75,673
UTILITIES – 1.0%
Multi-Utilities – 1.0%
Dominion Resources, Inc.	554,000		47,722
PG&E Corp.	1,289,800		50,625
			98,347
TOTAL COMMON STOCKS
(Cost $8,664,035)			9,825,946

25 Quarterly Report

Investments (Unaudited)   continued
Preferred Stocks 0.0%
		Shares		Value (000s)
Convertible Preferred Stocks 0.0%
INFORMATION TECHNOLOGY – 0.0%
Communications Equipment – 0.0%
Procket Networks, Inc. Series C (a)(d)		1,612,868	$	0
Nonconvertible Preferred Stocks  0.0%
HEALTH CARE – 0.0%
Biotechnology – 0.0%
GeneProt, Inc. Series A (a)(d)
(Cost $19,795)		710,000		1
Money Market Funds 0.8%
Fidelity Cash Central Fund, 3.82% (b)		50,877,193		50,877
Fidelity Securities Lending Cash Central Fund, 3.84% (b)(c)		25,048,000		25,048
TOTAL MONEY MARKET FUNDS
(Cost $75,925)				75,925
Cash Equivalents 0.1%
		Maturity
		Amount (000s)
Investments in repurchase agreements (Collateralized by U.S.
Treasury Obligations, in a joint trading account at 3.27%,
dated 9/30/05 due 10/3/05)
(Cost $9,582)	$	9,585		9,582
TOTAL INVESTMENT PORTFOLIO   100.7%
(Cost $8,769,337)				9,911,454
NET OTHER ASSETS – (0.7)%				(70,709)
NET ASSETS 100%			$	9,840,745

Quarterly Report

26

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to
investment companies and other
accounts managed by Fidelity
Investments. The rate quoted is the
annualized seven-day yield of the fund
at period end. A complete unaudited
listing of the fund’s holdings as of its
most recent quarter end is available
upon request.

(c) Investment made with cash collateral
received from securities on loan.

(d) Restricted securities – Investment in
securities not registered under the
Securities Act of 1933 (excluding 144A
issues). At the end of the period, the
value of restricted securities (excluding
144A issues) amounted to $1,000 or
0.0% of net assets.

Additional information on each holding is as follows:

	Acquisition	Acquisition
Security	Date	Cost (000s)
GeneProt, Inc.
Series A	7/7/00	$	3,905
Procket Networks, 11/15/00
Inc. Series C	2/9/01	$	15,929

Income Tax Information

At September 30, 2005, the aggregate cost of investment securities for income tax purposes was $8,801,208,000. Net unrealized appreciation aggregated $1,110,246,000, of which $1,380,515,000 related to appreciated investment securities and $270,269,000 related to depreciated investment securities.

27 Quarterly Report

The fund’s schedule of investments as of the date on the cover of this report has not
been audited. This report is provided for the general information of the fund’s
shareholders. For more information regarding the fund and its holdings, please
see the fund’s most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective
owners. All other trademarks and service marks are the property of FMR Corp.
or an affiliate.

Quarterly Report

28

Quarterly Holdings Report
for
Fidelity® Growth & Income II
Portfolio

September 30, 2005

1.808770.101
GII-QTLY 1105

Investments September 30, 2005 (Unaudited)
Showing Percentage of Net Assets
Common Stocks 96.3%
	Shares	Value
CONSUMER DISCRETIONARY – 11.4%
Hotels, Restaurants & Leisure 1.2%
Carnival Corp. unit	43,900	$ 2,194,122
Household Durables – 1.4%
Sharp Corp.	63,000	918,876
Toll Brothers, Inc. (a)	38,900	1,737,663
		2,656,539
Internet & Catalog Retail 2.8%
eBay, Inc. (a)	124,000	5,108,800
Leisure Equipment & Products – 0.3%
Sega Sammy Holdings, Inc.	7,900	313,993
Sega Sammy Holdings, Inc. New	7,900	308,386
		622,379
Media – 1.0%
EchoStar Communications Corp. Class A	61,000	1,803,770
Multiline Retail – 1.0%
Federated Department Stores, Inc.	27,600	1,845,612
Specialty Retail – 1.6%
Chico’s FAS, Inc. (a)	55,800	2,053,440
GameStop Corp.:
Class A (a)	600	18,882
Class B (a)	30,400	863,056
		2,935,378
Textiles, Apparel & Luxury Goods – 2.1%
Carter’s, Inc. (a)	36,500	2,073,200
Polo Ralph Lauren Corp. Class A	37,300	1,876,190
		3,949,390
TOTAL CONSUMER DISCRETIONARY		21,115,990
CONSUMER STAPLES 4.0%
Food & Staples Retailing – 1.9%
Walgreen Co.	78,500	3,410,825
Food Products 1.1%
Nestle SA sponsored ADR	28,600	2,102,100
Tobacco 1.0%
Altria Group, Inc.	25,730	1,896,558
TOTAL CONSUMER STAPLES		7,409,483
Quarterly Report	30

Common Stocks continued
	Shares		Value
ENERGY 17.8%
Energy Equipment & Services – 5.9%
Halliburton Co.	110,300	$	7,557,756
National Oilwell Varco, Inc. (a)	7,900		519,820
Schlumberger Ltd. (NY Shares)	33,100		2,792,978
			10,870,554
Oil, Gas & Consumable Fuels – 11.9%
Canadian Natural Resources Ltd.	72,800		3,287,459
Total SA sponsored ADR	42,800		5,813,096
Ultra Petroleum Corp. (a)	91,000		5,176,080
Valero Energy Corp.	68,600		7,755,916
			22,032,551
TOTAL ENERGY			32,903,105
FINANCIALS – 17.3%
Capital Markets 4.1%
Goldman Sachs Group, Inc.	44,700		5,434,626
Investors Financial Services Corp.	13,400		440,860
Lehman Brothers Holdings, Inc.	14,700		1,712,256
			7,587,742
Commercial Banks – 1.9%
Wells Fargo & Co.	61,600		3,607,912
Consumer Finance – 2.4%
American Express Co.	76,100		4,371,184
Insurance – 5.4%
American International Group, Inc.	104,430		6,470,483
MetLife, Inc. unit	67,800		1,903,146
Platinum Underwriters Holdings Ltd.	57,000		1,703,730
			10,077,359
Real Estate 2.5%
General Growth Properties, Inc.	52,500		2,358,825
Vornado Realty Trust	27,300		2,364,726
			4,723,551
Thrifts & Mortgage Finance – 1.0%
Golden West Financial Corp., Delaware	29,800		1,769,822
TOTAL FINANCIALS			32,137,570

31 Quarterly Report

Investments (Unaudited) continued
Common Stocks continued
		Shares		Value
HEALTH CARE – 10.4%
Biotechnology – 2.3%
Affymetrix, Inc. (a)		22,800	$	1,054,044
Anadys Pharmaceuticals, Inc. (a)		13,900		148,313
Genentech, Inc. (a)		36,200		3,048,402
				4,250,759
Health Care Equipment & Supplies – 4.1%
Alcon, Inc.		30,300		3,874,764
Fisher Scientific International, Inc. (a)		27,900		1,731,195
Synthes, Inc.		16,500		1,930,376
				7,536,335
Health Care Providers & Services – 2.0%
UnitedHealth Group, Inc.		67,200		3,776,640
Pharmaceuticals – 2.0%
Roche Holding AG (participation certificate)		26,200		3,640,182
TOTAL HEALTH CARE				19,203,916
INDUSTRIALS – 7.6%
Aerospace & Defense – 3.3%
Honeywell International, Inc.		162,600		6,097,500
Air Freight & Logistics – 1.0%
Expeditors International of Washington, Inc.		33,546		1,904,742
Airlines – 0.8%
Ryanair Holdings PLC sponsored ADR (a)		31,000		1,411,430
Construction & Engineering – 1.1%
SNC-Lavalin Group, Inc.		31,600		2,041,524
Industrial Conglomerates – 1.4%
3M Co.		35,900		2,633,624
TOTAL INDUSTRIALS				14,088,820
INFORMATION TECHNOLOGY – 18.7%
Communications Equipment – 2.0%
Comverse Technology, Inc. (a)		69,200		1,817,884
Juniper Networks, Inc. (a)		78,700		1,872,273
				3,690,157
Computers & Peripherals – 1.2%
Apple Computer, Inc. (a)		43,400		2,326,674
Electronic Equipment & Instruments – 0.1%
Trimble Navigation Ltd. (a)		4,900		165,081
Quarterly Report	32

Common Stocks continued
	Shares	Value
INFORMATION TECHNOLOGY – continued
Internet Software & Services – 7.9%
aQuantive, Inc. (a)	68,600	$ 1,380,918
Google, Inc. Class A (sub. vtg.) (a)	22,800	7,215,288
Yahoo!, Inc. (a)	177,300	5,999,832
		14,596,038
Semiconductors & Semiconductor Equipment – 4.3%
Intel Corp.	174,000	4,289,100
Marvell Technology Group Ltd. (a)	36,100	1,664,571
Samsung Electronics Co. Ltd.	3,613	2,035,882
		7,989,553
Software 3.2%
Microsoft Corp.	205,700	5,292,661
Net 1 UEPS Technologies, Inc. (a)	25,000	560,500
		5,853,161
TOTAL INFORMATION TECHNOLOGY		34,620,664
MATERIALS 1.1%
Chemicals – 1.1%
Monsanto Co.	33,200	2,083,300
TELECOMMUNICATION SERVICES – 5.9%
Wireless Telecommunication Services – 5.9%
American Tower Corp. Class A (a)	230,600	5,753,470
Sprint Nextel Corp.	214,841	5,108,919
		10,862,389
UTILITIES – 2.1%
Electric Utilities – 1.3%
Exelon Corp.	45,900	2,452,896
Multi-Utilities – 0.8%
CMS Energy Corp. (a)	93,600	1,539,720
TOTAL UTILITIES		3,992,616
TOTAL COMMON STOCKS
(Cost $164,811,811)		178,417,853

33 Quarterly Report

Investments (Unaudited)  continued
Convertible Preferred Stocks  1.1%
		Shares	Value
ENERGY 1.1%
Oil, Gas & Consumable Fuels – 1.1%
El Paso Corp. 4.99% (c)		1,600	$ 1,981,408
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $1,743,624)			1,981,408
Convertible Bonds 0.5%
		Principal
		Amount
HEALTH CARE – 0.5%
Biotechnology – 0.5%
BioMarin Pharmaceutical, Inc. 3.5% 6/15/08	$	930,000	892,800
TOTAL CONVERTIBLE BONDS
(Cost $854,523)			892,800
Money Market Funds 1.9%
		Shares
Fidelity Cash Central Fund, 3.82% (b)
(Cost $3,590,642)		3,590,642	3,590,642
TOTAL INVESTMENT PORTFOLIO  99.8%
(Cost $171,000,600)			184,882,703
NET OTHER ASSETS – 0.2%			353,730
NET ASSETS 100%			$ 185,236,433

Quarterly Report 34

Legend

(a) Non-income producing

(b) Affiliated fund that is available only to
investment companies and other
accounts managed by Fidelity
Investments. The rate quoted is the
annualized seven-day yield of the fund
at period end. A complete unaudited
listing of the fund’s holdings as of its
most recent quarter end is available
upon request.

(c) Security exempt from registration under
Rule 144A of the Securities Act of 1933.
These securities may be resold in
transactions exempt from registration,
normally to qualified institutional buyers.
At the period end, the value of these
securities amounted to $1,981,408 or
1.1% of net assets.

Income Tax Information

At September 30, 2005, the aggregate cost of investment securities for income tax purposes was $171,297,092. Net unrealized appreciation aggregated $13,585,611, of which $19,498,849 related to appreciated investment securities and $5,913,238 related to depreciated investment securities.

35 Quarterly Report

The fund’s schedule of investments as of the date on the cover of this report has not
been audited. This report is provided for the general information of the fund’s
shareholders. For more information regarding the fund and its holdings, please
see the fund’s most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective
owners. All other trademarks and service marks are the property of FMR Corp.
or an affiliate.

Quarterly Report

36

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hastings Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Hastings Street Trust

By:	/s/Christine Reynolds
	Christine Reynolds
	President and Treasurer
Date:	November 18, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/Christine Reynolds
	Christine Reynolds
	President and Treasurer
Date:	November 18, 2005

By:	/s/Paul M. Murphy
	Paul M. Murphy
	Chief Financial Officer
Date:	November 18, 2005