N-Q 1 main.htm

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 811-3583

Fidelity Mt. Vernon Street Trust
(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

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

Date of fiscal year end:	November 30

Date of reporting period:	February 28, 2013

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® 130/30
Large Cap Fund

February 28, 2013

1.859202.104

FLC-QTLY-0413

Investments February 28, 2013 (Unaudited)

Showing Percentage of Net Assets

LONG STOCK POSITIONS (c) - 126.6%
	Shares		Value
COMMON STOCKS - 126.6%
CONSUMER DISCRETIONARY - 12.6%
Auto Components - 1.0%
Delphi Automotive PLC (c)	2,500		$ 104,625
Drew Industries, Inc.	2,700		98,226
			202,851
Automobiles - 0.4%
General Motors Co. (a)	3,500		95,025
Hotels, Restaurants & Leisure - 1.0%
Icahn Enterprises LP rights	10,900		0
Sonic Corp. (a)	17,900		202,091
Household Durables - 1.0%
Ryland Group, Inc.	2,700		96,444
Whirlpool Corp.	900		101,655
			198,099
Internet & Catalog Retail - 0.5%
Expedia, Inc.	1,500		95,760
Leisure Equipment & Products - 0.5%
Brunswick Corp.	2,800		102,032
Media - 3.7%
CBS Corp. Class B	5,400		234,306
Comcast Corp. Class A (special) (non-vtg.)	1,600		61,296
Time Warner, Inc.	4,000		212,680
Valassis Communications, Inc.	9,000		247,410
			755,692
Multiline Retail - 1.0%
Macy's, Inc.	5,100		209,610
Specialty Retail - 1.0%
Conn's, Inc. (a)	400		12,816
O'Reilly Automotive, Inc. (a)	1,000		101,740
Urban Outfitters, Inc. (a)	2,300		93,196
			207,752
Textiles, Apparel & Luxury Goods - 2.5%
G-III Apparel Group Ltd. (a)	5,600		204,400
PVH Corp.	2,500		304,625
			509,025
TOTAL CONSUMER DISCRETIONARY			2,577,937
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
CONSUMER STAPLES - 11.3%
Beverages - 4.2%
Coca-Cola Enterprises, Inc.	6,700		$ 239,726
Constellation Brands, Inc. Class A (sub. vtg.) (a)	13,900		614,936
			854,662
Food & Staples Retailing - 3.2%
CVS Caremark Corp.	7,700		393,624
Kroger Co.	8,800		257,048
			650,672
Food Products - 0.5%
Ingredion, Inc.	1,500		99,300
Household Products - 2.0%
Procter & Gamble Co.	5,300		403,754
Tobacco - 1.4%
Imperial Tobacco Group PLC	5,605		203,223
Japan Tobacco, Inc.	3,100		97,826
			301,049
TOTAL CONSUMER STAPLES			2,309,437
ENERGY - 13.1%
Energy Equipment & Services - 5.0%
Ensco PLC Class A	6,900		414,966
Halliburton Co.	9,900		410,949
Helix Energy Solutions Group, Inc. (a)	8,200		191,962
			1,017,877
Oil, Gas & Consumable Fuels - 8.1%
Chevron Corp.	5,300		620,895
EPL Oil & Gas, Inc. (a)	5,700		146,661
Marathon Petroleum Corp.	5,000		414,400
Phillips 66	7,600		478,496
			1,660,452
TOTAL ENERGY			2,678,329
FINANCIALS - 23.7%
Capital Markets - 4.0%
KKR & Co. LP	22,500		409,950
The Blackstone Group LP	21,600		408,240
			818,190
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
FINANCIALS - continued
Commercial Banks - 1.0%
CapitalSource, Inc.	23,900		$ 215,100
Consumer Finance - 1.0%
SLM Corp.	10,700		202,979
Diversified Financial Services - 5.8%
Citigroup, Inc.	18,500		776,445
JPMorgan Chase & Co.	8,300		406,036
			1,182,481
Insurance - 8.3%
Axis Capital Holdings Ltd.	5,200		211,796
Berkshire Hathaway, Inc. Class B (a)	4,100		418,856
Everest Re Group Ltd.	3,300		411,213
Hartford Financial Services Group, Inc.	17,000		401,370
Lincoln National Corp.	8,300		245,182
			1,688,417
Real Estate Management & Development - 1.5%
Altisource Portfolio Solutions SA	3,700		301,698
Thrifts & Mortgage Finance - 2.1%
Ocwen Financial Corp. (a)	10,700		421,794
TOTAL FINANCIALS			4,830,659
HEALTH CARE - 14.6%
Biotechnology - 5.4%
Amgen, Inc.	7,000		639,870
PDL BioPharma, Inc.	33,400		238,476
United Therapeutics Corp. (a)	3,600		215,316
			1,093,662
Health Care Equipment & Supplies - 1.9%
Medtronic, Inc.	4,300		193,328
Sirona Dental Systems, Inc. (a)	2,800		198,856
			392,184
Health Care Providers & Services - 4.0%
AmerisourceBergen Corp.	4,400		207,680
CIGNA Corp.	7,200		420,912
Molina Healthcare, Inc. (a)	6,100		194,651
			823,243
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
HEALTH CARE - continued
Pharmaceuticals - 3.3%
Eli Lilly & Co.	7,400		$ 404,484
Mylan, Inc. (a)	8,800		260,568
			665,052
TOTAL HEALTH CARE			2,974,141
INDUSTRIALS - 14.0%
Aerospace & Defense - 2.3%
Ducommun, Inc. (a)	3,600		55,800
Textron, Inc.	14,300		412,555
			468,355
Airlines - 2.2%
Alaska Air Group, Inc. (a)	4,300		221,665
US Airways Group, Inc. (a)	16,400		220,252
			441,917
Building Products - 0.7%
A.O. Smith Corp.	2,000		143,060
Commercial Services & Supplies - 1.0%
Unifirst Corp. Massachusetts	2,400		200,496
Construction & Engineering - 2.4%
Jacobs Engineering Group, Inc. (a)	4,400		214,896
MasTec, Inc. (a)	5,700		171,513
URS Corp.	2,700		114,102
			500,511
Industrial Conglomerates - 1.0%
Siemens AG sponsored ADR	2,000		207,560
Machinery - 1.1%
Oshkosh Truck Corp. (a)	1,800		69,408
Terex Corp. (a)	5,100		167,331
			236,739
Professional Services - 2.6%
Dun & Bradstreet Corp.	2,600		209,560
Kelly Services, Inc. Class A (non-vtg.)	6,000		105,960
Manpower, Inc.	3,800		207,480
			523,000
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
INDUSTRIALS - continued
Trading Companies & Distributors - 0.7%
AerCap Holdings NV (a)	8,800		$ 136,576
TOTAL INDUSTRIALS			2,858,214
INFORMATION TECHNOLOGY - 21.7%
Communications Equipment - 3.1%
Brocade Communications Systems, Inc. (a)	74,000		415,140
Motorola Solutions, Inc.	3,400		211,514
			626,654
Computers & Peripherals - 3.9%
NCR Corp. (a)	7,300		201,334
SanDisk Corp. (a)	4,100		206,599
Seagate Technology	5,700		183,312
Western Digital Corp.	4,400		207,504
			798,749
Electronic Equipment & Components - 1.2%
Flextronics International Ltd. (a)	36,800		244,720
IT Services - 2.3%
Alliance Data Systems Corp. (a)	1,500		238,035
Computer Sciences Corp.	2,600		124,878
FleetCor Technologies, Inc. (a)	1,500		104,715
			467,628
Semiconductors & Semiconductor Equipment - 4.4%
Cirrus Logic, Inc. (a)	7,100		170,684
NXP Semiconductors NV (a)	6,200		200,384
Samsung Electronics Co. Ltd.	369		525,417
			896,485
Software - 6.8%
Microsoft Corp.	24,100		669,980
Oracle Corp.	21,100		722,886
			1,392,866
TOTAL INFORMATION TECHNOLOGY			4,427,102
MATERIALS - 9.3%
Chemicals - 2.3%
Ashland, Inc.	1,500		116,955
Axiall Corp.	2,100		118,818
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
MATERIALS - continued
Chemicals - continued
Eastman Chemical Co.	1,900		$ 132,487
Westlake Chemical Corp.	1,100		94,842
			463,102
Construction Materials - 1.0%
Eagle Materials, Inc.	3,200		205,792
Containers & Packaging - 2.1%
Graphic Packaging Holding Co. (a)	27,600		204,792
Rock-Tenn Co. Class A	2,500		221,125
			425,917
Metals & Mining - 1.9%
Commercial Metals Co.	12,000		195,720
Reliance Steel & Aluminum Co.	2,900		193,111
			388,831
Paper & Forest Products - 2.0%
International Paper Co.	9,400		413,694
TOTAL MATERIALS			1,897,336
TELECOMMUNICATION SERVICES - 1.9%
Diversified Telecommunication Services - 1.0%
Nippon Telegraph & Telephone Corp. sponsored ADR	8,900		202,119
Wireless Telecommunication Services - 0.9%
MetroPCS Communications, Inc. (a)	10,600		103,880
Vodafone Group PLC sponsored ADR	3,600		90,504
			194,384
TOTAL TELECOMMUNICATION SERVICES			396,503
UTILITIES - 4.4%
Electric Utilities - 3.9%
Edison International	4,200		201,726
ITC Holdings Corp.	1,300		109,876
PNM Resources, Inc.	16,600		372,836
UNS Energy Corp.	2,300		108,146
			792,584
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
UTILITIES - continued
Independent Power Producers & Energy Traders - 0.5%
The AES Corp.	9,100		$ 105,742
TOTAL UTILITIES			898,326
TOTAL COMMON STOCKS (Cost $23,439,635)		25,847,984
Money Market Funds - 1.9%

Fidelity Cash Central Fund, 0.16% (b) (Cost $386,555)	386,555		386,555
TOTAL INVESTMENT PORTFOLIO - 128.5% (Cost $23,826,190)			26,234,539
TOTAL SHORT STOCK POSITIONS - (27.7)% (Proceeds $5,353,173)			(5,650,137)
NET OTHER ASSETS (LIABILITIES) - (0.8)%			(168,796)
NET ASSETS - 100%		$ 20,415,606

SHORT STOCK POSITIONS - (27.7)%
COMMON STOCKS - (27.7)%
CONSUMER DISCRETIONARY - (1.8)%
Hotels, Restaurants & Leisure - (0.5)%
MGM Mirage, Inc.	(8,500)	$ (106,165)
Leisure Equipment & Products - (0.5)%
Callaway Golf Co.	(14,300)	(96,096)
SHORT STOCK POSITIONS - continued
	Shares	Value
COMMON STOCKS - continued
CONSUMER DISCRETIONARY - continued
Multiline Retail - (0.8)%
Family Dollar Stores, Inc.	(2,800)	$ (161,140)
TOTAL CONSUMER DISCRETIONARY		(363,401)
CONSUMER STAPLES - (0.5)%
Beverages - (0.5)%
Brown-Forman Corp. Class B (non-vtg.)	(1,600)	(104,992)
ENERGY - (1.5)%
Oil, Gas & Consumable Fuels - (1.5)%
Clayton Williams Energy, Inc.	(2,300)	(91,310)
FX Energy, Inc.	(23,100)	(81,543)
Goodrich Petroleum Corp.	(10,600)	(136,634)
		(309,487)
FINANCIALS - (8.5)%
Capital Markets - (1.0)%
Northern Trust Corp.	(1,900)	(101,023)
T. Rowe Price Group, Inc.	(1,400)	(99,666)
		(200,689)
Commercial Banks - (1.9)%
TCF Financial Corp.	(8,300)	(114,042)
Valley National Bancorp	(13,060)	(130,992)
Westamerica Bancorp.	(3,300)	(146,025)
		(391,059)
SHORT STOCK POSITIONS - continued
	Shares	Value
COMMON STOCKS - continued
FINANCIALS - continued
Diversified Financial Services - (0.5)%
CME Group, Inc.	(1,800)	$ (107,676)
Insurance - (1.2)%
Kemper Corp.	(4,700)	(148,708)
Progressive Corp.	(4,200)	(102,312)
		(251,020)
Real Estate Investment Trusts - (1.6)%
Digital Realty Trust, Inc.	(1,500)	(100,470)
Plum Creek Timber Co., Inc.	(2,800)	(135,800)
UDR, Inc.	(4,100)	(97,826)
		(334,096)
Real Estate Management & Development - (1.0)%
Forestar Group, Inc.	(11,200)	(195,104)
Thrifts & Mortgage Finance - (1.3)%
Astoria Financial Corp.	(15,500)	(151,590)
New York Community Bancorp, Inc.	(7,600)	(102,600)
		(254,190)
TOTAL FINANCIALS		(1,733,834)
HEALTH CARE - (4.3)%
Biotechnology - (1.9)%
Anacor Pharmaceuticals, Inc.	(16,400)	(57,072)
Dendreon Corp.	(6,800)	(39,372)
Incyte Corp.	(9,200)	(204,240)
Verastem, Inc.	(10,000)	(94,200)
		(394,884)
Health Care Equipment & Supplies - (0.5)%
Intuitive Surgical, Inc.	(200)	(101,978)
SHORT STOCK POSITIONS - continued
	Shares	Value
COMMON STOCKS - continued
HEALTH CARE - continued
Health Care Providers & Services - (0.7)%
Health Net, Inc.	(5,400)	$ (138,996)
Health Care Technology - (0.8)%
Computer Programs & Systems, Inc.	(2,900)	(151,206)
Life Sciences Tools & Services - (0.4)%
Sequenom, Inc.	(20,200)	(83,022)
TOTAL HEALTH CARE		(870,086)
INDUSTRIALS - (1.9)%
Machinery - (1.0)%
Navistar International Corp.	(8,200)	(203,606)
Trading Companies & Distributors - (0.9)%
Fastenal Co.	(3,400)	(175,542)
TOTAL INDUSTRIALS		(379,148)
INFORMATION TECHNOLOGY - (7.4)%
Electronic Equipment & Components - (2.0)%
Cognex Corp.	(2,900)	(119,451)
Dolby Laboratories, Inc. Class A	(3,200)	(102,016)
FARO Technologies, Inc.	(4,500)	(190,575)
		(412,042)
Semiconductors & Semiconductor Equipment - (5.4)%
Advanced Micro Devices, Inc.	(71,700)	(178,533)
Atmel Corp.	(18,100)	(123,080)
International Rectifier Corp.	(6,100)	(128,222)
Intersil Corp. Class A	(20,800)	(176,592)
Microchip Technology, Inc.	(2,900)	(105,763)
Power Integrations, Inc.	(2,900)	(121,249)
SHORT STOCK POSITIONS - continued
	Shares	Value
COMMON STOCKS - continued
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Tessera Technologies, Inc.	(7,100)	$ (126,664)
Volterra Semiconductor Corp.	(9,500)	(145,825)
		(1,105,928)
TOTAL INFORMATION TECHNOLOGY		(1,517,970)
MATERIALS - (0.3)%
Metals & Mining - (0.3)%
Silver Standard Resources, Inc.	(6,400)	(65,344)
UTILITIES - (1.5)%
Electric Utilities - (0.7)%
Duke Energy Corp.	(2,200)	(152,350)
Multi-Utilities - (0.8)%
TECO Energy, Inc.	(8,900)	(153,525)
TOTAL UTILITIES		(305,875)

TOTAL SHORT STOCK POSITIONS - (27.7)%

(Proceeds $5,353,173)

$ (5,650,137)

Legend

(a) Non-income producing

(b) Affiliated fund that is generally 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. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 159

Other Information

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this listing.

Income Tax Information

At February 28, 2013, the cost of investment securities from income tax purposes was $23,836,068. Net unrealized appreciation aggregated $2,398,471, of which $2,633,512 related to appreciated investment securities and $235,041 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Long and short positions in equity securities, including restricted securities, for which market
quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price (last ask price to value short positions) or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

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 LLC

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® 130/30
Large Cap Fund:
Class A
Class T
Class B
Class C
Institutional Class

February 28, 2013

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity® 130/30
Large Cap Fund

1.859224.104

AFLC-QTLY-0413

Investments February 28, 2013 (Unaudited)

Showing Percentage of Net Assets

LONG STOCK POSITIONS (c) - 126.6%
	Shares		Value
COMMON STOCKS - 126.6%
CONSUMER DISCRETIONARY - 12.6%
Auto Components - 1.0%
Delphi Automotive PLC (c)	2,500		$ 104,625
Drew Industries, Inc.	2,700		98,226
			202,851
Automobiles - 0.4%
General Motors Co. (a)	3,500		95,025
Hotels, Restaurants & Leisure - 1.0%
Icahn Enterprises LP rights	10,900		0
Sonic Corp. (a)	17,900		202,091
Household Durables - 1.0%
Ryland Group, Inc.	2,700		96,444
Whirlpool Corp.	900		101,655
			198,099
Internet & Catalog Retail - 0.5%
Expedia, Inc.	1,500		95,760
Leisure Equipment & Products - 0.5%
Brunswick Corp.	2,800		102,032
Media - 3.7%
CBS Corp. Class B	5,400		234,306
Comcast Corp. Class A (special) (non-vtg.)	1,600		61,296
Time Warner, Inc.	4,000		212,680
Valassis Communications, Inc.	9,000		247,410
			755,692
Multiline Retail - 1.0%
Macy's, Inc.	5,100		209,610
Specialty Retail - 1.0%
Conn's, Inc. (a)	400		12,816
O'Reilly Automotive, Inc. (a)	1,000		101,740
Urban Outfitters, Inc. (a)	2,300		93,196
			207,752
Textiles, Apparel & Luxury Goods - 2.5%
G-III Apparel Group Ltd. (a)	5,600		204,400
PVH Corp.	2,500		304,625
			509,025
TOTAL CONSUMER DISCRETIONARY			2,577,937
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
CONSUMER STAPLES - 11.3%
Beverages - 4.2%
Coca-Cola Enterprises, Inc.	6,700		$ 239,726
Constellation Brands, Inc. Class A (sub. vtg.) (a)	13,900		614,936
			854,662
Food & Staples Retailing - 3.2%
CVS Caremark Corp.	7,700		393,624
Kroger Co.	8,800		257,048
			650,672
Food Products - 0.5%
Ingredion, Inc.	1,500		99,300
Household Products - 2.0%
Procter & Gamble Co.	5,300		403,754
Tobacco - 1.4%
Imperial Tobacco Group PLC	5,605		203,223
Japan Tobacco, Inc.	3,100		97,826
			301,049
TOTAL CONSUMER STAPLES			2,309,437
ENERGY - 13.1%
Energy Equipment & Services - 5.0%
Ensco PLC Class A	6,900		414,966
Halliburton Co.	9,900		410,949
Helix Energy Solutions Group, Inc. (a)	8,200		191,962
			1,017,877
Oil, Gas & Consumable Fuels - 8.1%
Chevron Corp.	5,300		620,895
EPL Oil & Gas, Inc. (a)	5,700		146,661
Marathon Petroleum Corp.	5,000		414,400
Phillips 66	7,600		478,496
			1,660,452
TOTAL ENERGY			2,678,329
FINANCIALS - 23.7%
Capital Markets - 4.0%
KKR & Co. LP	22,500		409,950
The Blackstone Group LP	21,600		408,240
			818,190
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
FINANCIALS - continued
Commercial Banks - 1.0%
CapitalSource, Inc.	23,900		$ 215,100
Consumer Finance - 1.0%
SLM Corp.	10,700		202,979
Diversified Financial Services - 5.8%
Citigroup, Inc.	18,500		776,445
JPMorgan Chase & Co.	8,300		406,036
			1,182,481
Insurance - 8.3%
Axis Capital Holdings Ltd.	5,200		211,796
Berkshire Hathaway, Inc. Class B (a)	4,100		418,856
Everest Re Group Ltd.	3,300		411,213
Hartford Financial Services Group, Inc.	17,000		401,370
Lincoln National Corp.	8,300		245,182
			1,688,417
Real Estate Management & Development - 1.5%
Altisource Portfolio Solutions SA	3,700		301,698
Thrifts & Mortgage Finance - 2.1%
Ocwen Financial Corp. (a)	10,700		421,794
TOTAL FINANCIALS			4,830,659
HEALTH CARE - 14.6%
Biotechnology - 5.4%
Amgen, Inc.	7,000		639,870
PDL BioPharma, Inc.	33,400		238,476
United Therapeutics Corp. (a)	3,600		215,316
			1,093,662
Health Care Equipment & Supplies - 1.9%
Medtronic, Inc.	4,300		193,328
Sirona Dental Systems, Inc. (a)	2,800		198,856
			392,184
Health Care Providers & Services - 4.0%
AmerisourceBergen Corp.	4,400		207,680
CIGNA Corp.	7,200		420,912
Molina Healthcare, Inc. (a)	6,100		194,651
			823,243
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
HEALTH CARE - continued
Pharmaceuticals - 3.3%
Eli Lilly & Co.	7,400		$ 404,484
Mylan, Inc. (a)	8,800		260,568
			665,052
TOTAL HEALTH CARE			2,974,141
INDUSTRIALS - 14.0%
Aerospace & Defense - 2.3%
Ducommun, Inc. (a)	3,600		55,800
Textron, Inc.	14,300		412,555
			468,355
Airlines - 2.2%
Alaska Air Group, Inc. (a)	4,300		221,665
US Airways Group, Inc. (a)	16,400		220,252
			441,917
Building Products - 0.7%
A.O. Smith Corp.	2,000		143,060
Commercial Services & Supplies - 1.0%
Unifirst Corp. Massachusetts	2,400		200,496
Construction & Engineering - 2.4%
Jacobs Engineering Group, Inc. (a)	4,400		214,896
MasTec, Inc. (a)	5,700		171,513
URS Corp.	2,700		114,102
			500,511
Industrial Conglomerates - 1.0%
Siemens AG sponsored ADR	2,000		207,560
Machinery - 1.1%
Oshkosh Truck Corp. (a)	1,800		69,408
Terex Corp. (a)	5,100		167,331
			236,739
Professional Services - 2.6%
Dun & Bradstreet Corp.	2,600		209,560
Kelly Services, Inc. Class A (non-vtg.)	6,000		105,960
Manpower, Inc.	3,800		207,480
			523,000
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
INDUSTRIALS - continued
Trading Companies & Distributors - 0.7%
AerCap Holdings NV (a)	8,800		$ 136,576
TOTAL INDUSTRIALS			2,858,214
INFORMATION TECHNOLOGY - 21.7%
Communications Equipment - 3.1%
Brocade Communications Systems, Inc. (a)	74,000		415,140
Motorola Solutions, Inc.	3,400		211,514
			626,654
Computers & Peripherals - 3.9%
NCR Corp. (a)	7,300		201,334
SanDisk Corp. (a)	4,100		206,599
Seagate Technology	5,700		183,312
Western Digital Corp.	4,400		207,504
			798,749
Electronic Equipment & Components - 1.2%
Flextronics International Ltd. (a)	36,800		244,720
IT Services - 2.3%
Alliance Data Systems Corp. (a)	1,500		238,035
Computer Sciences Corp.	2,600		124,878
FleetCor Technologies, Inc. (a)	1,500		104,715
			467,628
Semiconductors & Semiconductor Equipment - 4.4%
Cirrus Logic, Inc. (a)	7,100		170,684
NXP Semiconductors NV (a)	6,200		200,384
Samsung Electronics Co. Ltd.	369		525,417
			896,485
Software - 6.8%
Microsoft Corp.	24,100		669,980
Oracle Corp.	21,100		722,886
			1,392,866
TOTAL INFORMATION TECHNOLOGY			4,427,102
MATERIALS - 9.3%
Chemicals - 2.3%
Ashland, Inc.	1,500		116,955
Axiall Corp.	2,100		118,818
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
MATERIALS - continued
Chemicals - continued
Eastman Chemical Co.	1,900		$ 132,487
Westlake Chemical Corp.	1,100		94,842
			463,102
Construction Materials - 1.0%
Eagle Materials, Inc.	3,200		205,792
Containers & Packaging - 2.1%
Graphic Packaging Holding Co. (a)	27,600		204,792
Rock-Tenn Co. Class A	2,500		221,125
			425,917
Metals & Mining - 1.9%
Commercial Metals Co.	12,000		195,720
Reliance Steel & Aluminum Co.	2,900		193,111
			388,831
Paper & Forest Products - 2.0%
International Paper Co.	9,400		413,694
TOTAL MATERIALS			1,897,336
TELECOMMUNICATION SERVICES - 1.9%
Diversified Telecommunication Services - 1.0%
Nippon Telegraph & Telephone Corp. sponsored ADR	8,900		202,119
Wireless Telecommunication Services - 0.9%
MetroPCS Communications, Inc. (a)	10,600		103,880
Vodafone Group PLC sponsored ADR	3,600		90,504
			194,384
TOTAL TELECOMMUNICATION SERVICES			396,503
UTILITIES - 4.4%
Electric Utilities - 3.9%
Edison International	4,200		201,726
ITC Holdings Corp.	1,300		109,876
PNM Resources, Inc.	16,600		372,836
UNS Energy Corp.	2,300		108,146
			792,584
LONG STOCK POSITIONS (c) - continued
	Shares		Value
COMMON STOCKS - continued
UTILITIES - continued
Independent Power Producers & Energy Traders - 0.5%
The AES Corp.	9,100		$ 105,742
TOTAL UTILITIES			898,326
TOTAL COMMON STOCKS (Cost $23,439,635)		25,847,984
Money Market Funds - 1.9%

Fidelity Cash Central Fund, 0.16% (b) (Cost $386,555)	386,555		386,555
TOTAL INVESTMENT PORTFOLIO - 128.5% (Cost $23,826,190)			26,234,539
TOTAL SHORT STOCK POSITIONS - (27.7)% (Proceeds $5,353,173)			(5,650,137)
NET OTHER ASSETS (LIABILITIES) - (0.8)%			(168,796)
NET ASSETS - 100%		$ 20,415,606

SHORT STOCK POSITIONS - (27.7)%
COMMON STOCKS - (27.7)%
CONSUMER DISCRETIONARY - (1.8)%
Hotels, Restaurants & Leisure - (0.5)%
MGM Mirage, Inc.	(8,500)	$ (106,165)
Leisure Equipment & Products - (0.5)%
Callaway Golf Co.	(14,300)	(96,096)
SHORT STOCK POSITIONS - continued
	Shares	Value
COMMON STOCKS - continued
CONSUMER DISCRETIONARY - continued
Multiline Retail - (0.8)%
Family Dollar Stores, Inc.	(2,800)	$ (161,140)
TOTAL CONSUMER DISCRETIONARY		(363,401)
CONSUMER STAPLES - (0.5)%
Beverages - (0.5)%
Brown-Forman Corp. Class B (non-vtg.)	(1,600)	(104,992)
ENERGY - (1.5)%
Oil, Gas & Consumable Fuels - (1.5)%
Clayton Williams Energy, Inc.	(2,300)	(91,310)
FX Energy, Inc.	(23,100)	(81,543)
Goodrich Petroleum Corp.	(10,600)	(136,634)
		(309,487)
FINANCIALS - (8.5)%
Capital Markets - (1.0)%
Northern Trust Corp.	(1,900)	(101,023)
T. Rowe Price Group, Inc.	(1,400)	(99,666)
		(200,689)
Commercial Banks - (1.9)%
TCF Financial Corp.	(8,300)	(114,042)
Valley National Bancorp	(13,060)	(130,992)
Westamerica Bancorp.	(3,300)	(146,025)
		(391,059)
SHORT STOCK POSITIONS - continued
	Shares	Value
COMMON STOCKS - continued
FINANCIALS - continued
Diversified Financial Services - (0.5)%
CME Group, Inc.	(1,800)	$ (107,676)
Insurance - (1.2)%
Kemper Corp.	(4,700)	(148,708)
Progressive Corp.	(4,200)	(102,312)
		(251,020)
Real Estate Investment Trusts - (1.6)%
Digital Realty Trust, Inc.	(1,500)	(100,470)
Plum Creek Timber Co., Inc.	(2,800)	(135,800)
UDR, Inc.	(4,100)	(97,826)
		(334,096)
Real Estate Management & Development - (1.0)%
Forestar Group, Inc.	(11,200)	(195,104)
Thrifts & Mortgage Finance - (1.3)%
Astoria Financial Corp.	(15,500)	(151,590)
New York Community Bancorp, Inc.	(7,600)	(102,600)
		(254,190)
TOTAL FINANCIALS		(1,733,834)
HEALTH CARE - (4.3)%
Biotechnology - (1.9)%
Anacor Pharmaceuticals, Inc.	(16,400)	(57,072)
Dendreon Corp.	(6,800)	(39,372)
Incyte Corp.	(9,200)	(204,240)
Verastem, Inc.	(10,000)	(94,200)
		(394,884)
Health Care Equipment & Supplies - (0.5)%
Intuitive Surgical, Inc.	(200)	(101,978)
SHORT STOCK POSITIONS - continued
	Shares	Value
COMMON STOCKS - continued
HEALTH CARE - continued
Health Care Providers & Services - (0.7)%
Health Net, Inc.	(5,400)	$ (138,996)
Health Care Technology - (0.8)%
Computer Programs & Systems, Inc.	(2,900)	(151,206)
Life Sciences Tools & Services - (0.4)%
Sequenom, Inc.	(20,200)	(83,022)
TOTAL HEALTH CARE		(870,086)
INDUSTRIALS - (1.9)%
Machinery - (1.0)%
Navistar International Corp.	(8,200)	(203,606)
Trading Companies & Distributors - (0.9)%
Fastenal Co.	(3,400)	(175,542)
TOTAL INDUSTRIALS		(379,148)
INFORMATION TECHNOLOGY - (7.4)%
Electronic Equipment & Components - (2.0)%
Cognex Corp.	(2,900)	(119,451)
Dolby Laboratories, Inc. Class A	(3,200)	(102,016)
FARO Technologies, Inc.	(4,500)	(190,575)
		(412,042)
Semiconductors & Semiconductor Equipment - (5.4)%
Advanced Micro Devices, Inc.	(71,700)	(178,533)
Atmel Corp.	(18,100)	(123,080)
International Rectifier Corp.	(6,100)	(128,222)
Intersil Corp. Class A	(20,800)	(176,592)
Microchip Technology, Inc.	(2,900)	(105,763)
Power Integrations, Inc.	(2,900)	(121,249)
SHORT STOCK POSITIONS - continued
	Shares	Value
COMMON STOCKS - continued
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Tessera Technologies, Inc.	(7,100)	$ (126,664)
Volterra Semiconductor Corp.	(9,500)	(145,825)
		(1,105,928)
TOTAL INFORMATION TECHNOLOGY		(1,517,970)
MATERIALS - (0.3)%
Metals & Mining - (0.3)%
Silver Standard Resources, Inc.	(6,400)	(65,344)
UTILITIES - (1.5)%
Electric Utilities - (0.7)%
Duke Energy Corp.	(2,200)	(152,350)
Multi-Utilities - (0.8)%
TECO Energy, Inc.	(8,900)	(153,525)
TOTAL UTILITIES		(305,875)

TOTAL SHORT STOCK POSITIONS - (27.7)%

(Proceeds $5,353,173)

$ (5,650,137)

Legend

(a) Non-income producing

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 159

Other Information

Income Tax Information

Investment Valuation

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

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 visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of 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 LLC

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® New Millennium Fund®

February 28, 2013

1.797943.109

NMF-QTLY-0413

Investments February 28, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 10.8%
Auto Components - 0.7%
Johnson Controls, Inc.	270,000		$ 8,497
Tenneco, Inc. (a)	150,000		5,315
			13,812
Automobiles - 0.3%
Tesla Motors, Inc. (a)	194,200		6,764
Distributors - 0.4%
Pool Corp.	172,300		7,878
Hotels, Restaurants & Leisure - 1.4%
Arcos Dorados Holdings, Inc. Class A (d)	648,700		8,219
Jubilant Foodworks Ltd. (a)	232,999		4,486
Yum! Brands, Inc.	241,700		15,827
			28,532
Household Durables - 0.5%
D.R. Horton, Inc.	224,300		5,002
Toll Brothers, Inc. (a)	140,800		4,804
			9,806
Internet & Catalog Retail - 0.4%
Liberty Media Corp. Interactive Series A (a)	250,000		5,220
Rakuten, Inc.	477,800		4,129
			9,349
Leisure Equipment & Products - 0.3%
New Academy Holding Co. LLC unit (a)(f)(g)	66,000		7,044
Media - 3.9%
Comcast Corp. Class A	962,100		38,282
Legend Pictures LLC (f)(g)	1,010		1,872
Shutterstock, Inc.	187,200		6,103
The Walt Disney Co.	481,200		26,269
Viacom, Inc. Class B (non-vtg.)	153,500		8,974
			81,500
Specialty Retail - 2.2%
Cabela's, Inc. Class A (a)	254,300		12,865
Lowe's Companies, Inc.	466,800		17,808
PT ACE Hardware Indonesia Tbk	65,168,000		4,923
Sally Beauty Holdings, Inc. (a)	346,400		9,609
			45,205
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Textiles, Apparel & Luxury Goods - 0.7%
Brunello Cucinelli SpA	349,600		$ 7,161
Hanesbrands, Inc. (a)	218,300		8,653
			15,814
TOTAL CONSUMER DISCRETIONARY			225,704
CONSUMER STAPLES - 5.9%
Beverages - 0.9%
Beam, Inc.	140,700		8,587
Constellation Brands, Inc. Class A (sub. vtg.) (a)	213,200		9,432
			18,019
Food & Staples Retailing - 2.0%
CVS Caremark Corp.	403,300		20,617
Walgreen Co.	293,100		12,000
Whole Foods Market, Inc.	101,600		8,699
			41,316
Food Products - 0.7%
Associated British Foods PLC	200,000		5,619
The Hershey Co.	106,800		8,901
			14,520
Household Products - 0.2%
LG Household & Health Care Ltd.	8,117		4,649
Personal Products - 0.3%
Prestige Brands Holdings, Inc. (a)	300,000		7,137
Tobacco - 1.8%
Altria Group, Inc.	358,600		12,031
British American Tobacco PLC sponsored ADR	130,600		13,619
Japan Tobacco, Inc.	346,900		10,947
			36,597
TOTAL CONSUMER STAPLES			122,238
ENERGY - 10.1%
Energy Equipment & Services - 2.6%
Diamond Offshore Drilling, Inc. (d)	141,500		9,860
Helmerich & Payne, Inc.	158,300		10,489
Schlumberger Ltd.	429,800		33,460
			53,809
Common Stocks - continued
	Shares		Value (000s)
ENERGY - continued
Oil, Gas & Consumable Fuels - 7.5%
Anadarko Petroleum Corp.	185,800		$ 14,786
Cabot Oil & Gas Corp.	248,100		15,375
Concho Resources, Inc. (a)	81,100		7,296
EOG Resources, Inc.	109,200		13,728
EQT Corp.	102,300		6,454
EV Energy Partners LP	144,600		8,099
Exxon Mobil Corp.	857,277		76,760
Noble Energy, Inc.	54,800		6,073
Southwestern Energy Co. (a)	212,800		7,293
			155,864
TOTAL ENERGY			209,673
FINANCIALS - 20.1%
Capital Markets - 1.1%
Apollo Investment Corp.	770,500		6,696
Charles Schwab Corp.	451,700		7,336
KKR & Co. LP	425,600		7,754
Manning & Napier, Inc.	140,817		2,104
			23,890
Commercial Banks - 5.2%
Alliance Financial Corp.	97,189		4,320
Bank of the Ozarks, Inc.	166,700		6,400
First Republic Bank	348,600		12,706
FirstMerit Corp.	349,400		5,283
U.S. Bancorp	555,000		18,859
Webster Financial Corp.	266,400		5,866
Wells Fargo & Co.	1,561,500		54,777
			108,211
Diversified Financial Services - 3.9%
Citigroup, Inc.	775,000		32,527
JPMorgan Chase & Co.	628,900		30,766
KKR Financial Holdings LLC	1,532,500		16,995
			80,288
Insurance - 6.8%
AIA Group Ltd.	2,679,400		11,608
American International Group, Inc. (a)	1,242,800		47,239
Arch Capital Group Ltd. (a)	248,700		12,216
Assured Guaranty Ltd.	795,100		14,845
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - continued
Insurance - continued
Direct Line Insurance Group PLC	3,335,300		$ 10,676
Fairfax Financial Holdings Ltd. (sub. vtg.)	17,000		6,459
Fidelity National Financial, Inc. Class A	315,000		7,856
MetLife, Inc.	477,600		16,926
The Chubb Corp.	167,400		14,067
			141,892
Real Estate Investment Trusts - 1.4%
MFA Financial, Inc.	606,700		5,387
Public Storage	50,000		7,561
The Geo Group, Inc.	197,127		6,809
Two Harbors Investment Corp.	687,600		8,843
			28,600
Real Estate Management & Development - 0.4%
Realogy Holdings Corp.	198,300		8,894
Thrifts & Mortgage Finance - 1.3%
MGIC Investment Corp. (a)(d)	1,423,000		4,241
Ocwen Financial Corp. (a)	146,000		5,755
Radian Group, Inc. (d)	1,909,323		16,821
			26,817
TOTAL FINANCIALS			418,592
HEALTH CARE - 17.7%
Biotechnology - 3.9%
Amgen, Inc.	254,380		23,253
ARIAD Pharmaceuticals, Inc. (a)	249,600		5,249
BioMarin Pharmaceutical, Inc. (a)	236,200		13,693
Dynavax Technologies Corp. (a)	1,723,742		3,516
Infinity Pharmaceuticals, Inc. (a)	167,900		6,933
Merrimack Pharmaceuticals, Inc.	208,000		1,331
Neurocrine Biosciences, Inc. (a)	833,570		8,819
Novavax, Inc. (a)	1,858,100		3,382
Synageva BioPharma Corp. (a)	178,300		8,910
Theravance, Inc. (a)	342,500		6,949
			82,035
Health Care Equipment & Supplies - 2.3%
Align Technology, Inc. (a)	505,900		15,905
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Covidien PLC	173,400		$ 11,023
HeartWare International, Inc. CDI (a)	8,370,273		20,691
			47,619
Health Care Providers & Services - 4.1%
Air Methods Corp.	251,000		11,242
Amplifon SpA	433,178		2,330
Brookdale Senior Living, Inc. (a)	1,144,700		31,685
Capital Senior Living Corp. (a)	583,800		13,427
Corvel Corp. (a)	100,000		4,804
Emeritus Corp. (a)	200,915		5,724
Henry Schein, Inc. (a)	109,500		9,770
Qualicorp SA (a)	511,000		5,713
			84,695
Health Care Technology - 0.2%
HealthStream, Inc. (a)	200,000		4,278
Life Sciences Tools & Services - 1.2%
Eurofins Scientific SA	84,000		16,658
Illumina, Inc. (a)(d)	174,200		8,733
			25,391
Pharmaceuticals - 6.0%
Eli Lilly & Co.	424,700		23,214
Endo Health Solutions, Inc. (a)	200,000		6,200
Impax Laboratories, Inc. (a)	237,800		4,716
Johnson & Johnson	600,000		45,666
Merck & Co., Inc.	654,200		27,954
Optimer Pharmaceuticals, Inc. (a)(d)	437,900		5,307
Shire PLC sponsored ADR	69,300		6,491
ViroPharma, Inc. (a)	253,600		6,325
			125,873
TOTAL HEALTH CARE			369,891
INDUSTRIALS - 13.1%
Aerospace & Defense - 2.3%
KEYW Holding Corp. (a)	591,348		8,575
Precision Castparts Corp.	53,300		9,945
Raytheon Co.	28,279		1,543
Teledyne Technologies, Inc. (a)	40,100		2,951
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Aerospace & Defense - continued
Textron, Inc.	373,800		$ 10,784
TransDigm Group, Inc.	104,800		14,917
			48,715
Air Freight & Logistics - 1.5%
C.H. Robinson Worldwide, Inc.	112,200		6,398
Hub Group, Inc. Class A (a)	175,716		6,630
United Parcel Service, Inc. Class B	212,100		17,530
			30,558
Building Products - 0.5%
Owens Corning (a)	154,900		6,012
Universal Forest Products, Inc.	133,500		5,417
			11,429
Commercial Services & Supplies - 1.4%
Clean Harbors, Inc. (a)	164,400		8,467
Interface, Inc.	969,600		17,753
US Ecology, Inc.	86,421		2,149
			28,369
Construction & Engineering - 0.7%
Jacobs Engineering Group, Inc. (a)	131,900		6,442
MasTec, Inc. (a)	239,100		7,195
			13,637
Electrical Equipment - 0.5%
Rockwell Automation, Inc.	105,000		9,486
Industrial Conglomerates - 2.3%
General Electric Co.	2,105,100		48,880
Machinery - 0.3%
Fanuc Corp.	40,900		6,314
Professional Services - 1.9%
Acacia Research Corp. (a)	507,108		14,179
Advisory Board Co. (a)	106,800		5,427
Bureau Veritas SA	60,000		7,739
IHS, Inc. Class A (a)	51,700		5,493
Michael Page International PLC	993,611		6,471
			39,309
Road & Rail - 0.5%
Kansas City Southern	101,500		10,451
Trading Companies & Distributors - 1.2%
Beacon Roofing Supply, Inc. (a)	143,000		5,277
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Trading Companies & Distributors - continued
Rush Enterprises, Inc. Class A (a)	287,800		$ 7,051
United Rentals, Inc. (a)	254,700		13,604
			25,932
TOTAL INDUSTRIALS			273,080
INFORMATION TECHNOLOGY - 17.3%
Communications Equipment - 0.6%
Brocade Communications Systems, Inc. (a)	1,123,000		6,300
Juniper Networks, Inc. (a)	297,200		6,146
			12,446
Computers & Peripherals - 0.5%
3D Systems Corp. (a)(d)	171,150		6,326
Stratasys Ltd. (a)	80,600		5,089
			11,415
Electronic Equipment & Components - 0.8%
Amphenol Corp. Class A	90,300		6,399
Measurement Specialties, Inc. (a)	259,400		9,421
			15,820
Internet Software & Services - 4.2%
Akamai Technologies, Inc. (a)	154,500		5,710
Cornerstone OnDemand, Inc. (a)	399,700		13,534
Demandware, Inc.	216,300		5,721
Google, Inc. Class A (a)	74,600		59,770
Open Text Corp. (a)(d)	70,600		3,887
			88,622
IT Services - 5.5%
Cognizant Technology Solutions Corp. Class A (a)	172,600		13,251
Fidelity National Information Services, Inc.	192,000		7,229
FleetCor Technologies, Inc. (a)	157,100		10,967
IBM Corp.	221,100		44,404
MasterCard, Inc. Class A	40,100		20,765
Paychex, Inc.	383,600		12,697
Teradata Corp. (a)	100,000		5,806
			115,119
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - 1.6%
Applied Materials, Inc.	850,000		$ 11,645
Samsung Electronics Co. Ltd.	14,862		21,162
			32,807
Software - 4.1%
Aspen Technology, Inc. (a)	288,900		8,887
Callidus Software, Inc. (a)(d)	701,300		3,051
Check Point Software Technologies Ltd. (a)	110,900		5,823
Citrix Systems, Inc. (a)	119,400		8,465
Concur Technologies, Inc. (a)	204,500		14,356
Imperva, Inc. (a)	167,700		6,121
MICROS Systems, Inc. (a)	112,800		4,828
NICE Systems Ltd. sponsored ADR (a)	126,900		4,481
Nuance Communications, Inc. (a)	227,100		4,181
Red Hat, Inc. (a)	141,000		7,164
ServiceNow, Inc. (d)	161,700		5,250
TIBCO Software, Inc. (a)	276,000		5,920
Trion World Network, Inc. warrants 8/10/17 (a)(g)	28,652		0
VMware, Inc. Class A (a)	95,100		6,831
			85,358
TOTAL INFORMATION TECHNOLOGY			361,587
MATERIALS - 2.1%
Chemicals - 2.0%
Airgas, Inc.	110,100		11,041
E.I. du Pont de Nemours & Co.	265,600		12,722
Monsanto Co.	83,900		8,476
Praxair, Inc.	95,600		10,808
			43,047
Metals & Mining - 0.1%
Ivanplats Ltd. Class A (g)	293,960		1,072
TOTAL MATERIALS			44,119
TELECOMMUNICATION SERVICES - 1.2%
Diversified Telecommunication Services - 0.4%
tw telecom, inc. (a)	327,200		8,285
Common Stocks - continued
	Shares		Value (000s)
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - 0.8%
Vodafone Group PLC sponsored ADR	696,600		$ 17,513
TOTAL TELECOMMUNICATION SERVICES			25,798
UTILITIES - 0.5%
Electric Utilities - 0.3%
Edison International	141,300		6,787
Multi-Utilities - 0.2%
YTL Corp. Bhd	6,726,016		3,589
YTL Power International Bhd warrants 6/11/18 (a)	448,401		55
			3,644
TOTAL UTILITIES			10,431
TOTAL COMMON STOCKS (Cost $1,637,353)		2,061,113
Convertible Preferred Stocks - 0.2%

CONSUMER DISCRETIONARY - 0.0%
Media - 0.0%
Glam Media, Inc. Series M-1, 8.00% (a)(g)	128,191		655
INFORMATION TECHNOLOGY - 0.2%
Software - 0.2%
Trion World Network, Inc.:
Series C, 8.00% (a)(g)	910,747		3,898
Series C-1, 8.00% (a)(g)	71,630		307
			4,205
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $8,113)		4,860
Nonconvertible Bonds - 0.0%
	Principal Amount (000s)
CONSUMER DISCRETIONARY - 0.0%
Media - 0.0%
Glam Media, Inc. 9% 12/2/13 (g) (Cost $281)	$ 281		281
Other - 0.3%

Principal
Amount (000s)

Value (000s)

ENERGY - 0.3%
Oil, Gas & Consumable Fuels - 0.3%
EQTY ER Holdings, LLC 12% 1/28/18 (e)(g)(h)	$ 4,520		$ 4,520
	Shares
EQTY ER Holdings, LLC (e)(g)(h)	2,260,000		2,260
TOTAL OTHER (Cost $6,780)		6,780
Money Market Funds - 3.5%

Fidelity Cash Central Fund, 0.16% (b)	31,073,047		31,073
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c)	42,017,039		42,017
TOTAL MONEY MARKET FUNDS (Cost $73,090)		73,090
TOTAL INVESTMENT PORTFOLIO - 102.8% (Cost $1,725,617)			2,146,124
NET OTHER ASSETS (LIABILITIES) - (2.8)%			(59,418)
NET ASSETS - 100%		$ 2,086,706

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

(e) Affiliated company

(f) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is owned by the Fund.

(g) 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 $21,909,000 or 1.0% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
EQTY ER Holdings, LLC 12% 1/28/18	1/29/13	$ 4,520
EQTY ER Holdings, LLC	1/29/13	$ 2,260
Glam Media, Inc. Series M-1, 8.00%	3/19/08	$ 2,344
Glam Media, Inc. 9% 12/2/13	12/2/11	$ 281
Ivanplats Ltd. Class A	10/23/12	$ 1,424
LegendPictures LLC	9/23/10 - 12/18/12	$ 1,103
New Academy Holding Co. LLC unit	8/1/11	$ 6,956
Trion World Network, Inc. warrants 8/10/17	8/10/10	$ 0
Trion World Network, Inc. Series C, 8.00%	8/22/08	$ 5,001
Trion World Network, Inc. Series C-1, 8.00%	8/10/10	$ 393

(h) Investments represent a non-operating interest in oil and gas wells through an entity owned by the Fund that is treated as a corporation for U.S. tax purposes.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 12
Fidelity Securities Lending Cash Central Fund	115
Total	$ 127

Other Affiliated Issuers

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:

Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
EQTY ER Holdings, LLC 12% 1/28/18	$ -	$ 4,520	$ -	$ -	$ 4,520
EQTY ER Holdings, LLC	-	2,260	-	-	2,260
Total	$ -	$ 6,780	$ -	$ -	$ 6,780

Other Information

The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 226,359	$ 216,788	$ -	$ 9,571
Consumer Staples	122,238	122,238	-	-
Energy	209,673	209,673	-	-
Financials	418,592	418,592	-	-
Health Care	369,891	369,891	-	-
Industrials	273,080	273,080	-	-
Information Technology	365,792	361,587	-	4,205
Materials	44,119	43,047	1,072	-
Telecommunication Services	25,798	25,798	-	-
Utilities	10,431	10,431	-	-
Corporate Bonds	281	-	-	281
Other/Energy	6,780	-	-	6,780
Money Market Funds	73,090	73,090	-	-
Total Investments in Securities:	$ 2,146,124	$ 2,124,215	$ 1,072	$ 20,837

Income Tax Information

At February 28, 2013, the cost of investment securities for income tax purposes was $1,730,342,000. Net unrealized appreciation aggregated $415,782,000, of which $447,774,000 related to appreciated investment securities and $31,992,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. Restricted equity securities and private placements for which observable inputs are not available, are valued using alternate valuation approaches, including the market approach and the income approach and are categorized as Level 3 in the hierarchy. The market approach generally consists of using comparable market transactions while the income approach generally consists of using the net present value of estimated future cash flows, adjusted as appropriate for liquidity, credit, market and/or other risk factors.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For corporate bonds, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Growth Strategies Fund

February 28, 2013

1.797938.109

FEG-QTLY-0413

Investments February 28, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.7%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 21.1%
Automobiles - 1.1%
Harley-Davidson, Inc.	375,000		$ 19,736
Distributors - 1.2%
LKQ Corp. (a)	975,000		20,660
Hotels, Restaurants & Leisure - 2.8%
Brinker International, Inc.	275,000		9,180
Jack in the Box, Inc. (a)	300,000		9,498
Panera Bread Co. Class A (a)	50,000		8,048
Wyndham Worldwide Corp.	350,000		21,084
			47,810
Household Durables - 1.9%
Jarden Corp.	250,000		15,528
Tupperware Brands Corp.	220,000		17,211
			32,739
Internet & Catalog Retail - 2.3%
Expedia, Inc.	200,000		12,768
Liberty Media Corp. Interactive Series A (a)	500,000		10,440
TripAdvisor, Inc. (a)	350,000		15,911
			39,119
Media - 0.5%
Discovery Communications, Inc. (a)	110,000		8,066
Multiline Retail - 1.2%
Dollar Tree, Inc. (a)	475,000		21,463
Specialty Retail - 5.6%
Aarons, Inc. Class A	325,000		8,869
CarMax, Inc. (a)	300,000		11,523
DSW, Inc. Class A	50,000		3,385
Foot Locker, Inc.	350,000		11,967
O'Reilly Automotive, Inc. (a)	200,000		20,348
Ross Stores, Inc.	410,000		23,764
Ulta Salon, Cosmetics & Fragrance, Inc.	50,000		4,428
Urban Outfitters, Inc. (a)	300,000		12,156
			96,440
Textiles, Apparel & Luxury Goods - 4.5%
Carter's, Inc. (a)	285,000		16,077
PVH Corp.	160,000		19,496
Ralph Lauren Corp.	100,000		17,347
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Textiles, Apparel & Luxury Goods - continued
VF Corp.	125,400		$ 20,222
Wolverine World Wide, Inc.	125,000		5,275
			78,417
TOTAL CONSUMER DISCRETIONARY			364,450
CONSUMER STAPLES - 6.3%
Beverages - 2.1%
Brown-Forman Corp. Class B (non-vtg.)	250,000		16,405
Constellation Brands, Inc. Class A (sub. vtg.) (a)	250,000		11,060
Embotelladora Andina SA ADR	250,000		8,230
			35,695
Food Products - 3.0%
Mead Johnson Nutrition Co. Class A	290,000		21,724
The Hershey Co.	200,000		16,668
The J.M. Smucker Co.	140,000		13,342
			51,734
Personal Products - 0.0%
Herbalife Ltd.	25,000		1,007
Tobacco - 1.2%
Lorillard, Inc.	525,000		20,234
TOTAL CONSUMER STAPLES			108,670
ENERGY - 5.7%
Energy Equipment & Services - 2.9%
Cameron International Corp. (a)	350,000		22,302
Dresser-Rand Group, Inc. (a)	200,000		12,332
Oceaneering International, Inc.	250,000		15,898
			50,532
Oil, Gas & Consumable Fuels - 2.8%
Cabot Oil & Gas Corp.	415,000		25,718
Pioneer Natural Resources Co.	185,000		23,275
			48,993
TOTAL ENERGY			99,525
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - 8.8%
Capital Markets - 2.2%
Affiliated Managers Group, Inc. (a)	130,000		$ 19,010
FXCM, Inc. Class A (d)	650,000		8,548
Oaktree Capital Group LLC	200,000		9,986
			37,544
Diversified Financial Services - 4.0%
IntercontinentalExchange, Inc. (a)	125,000		19,353
McGraw-Hill Companies, Inc.	485,000		22,577
MSCI, Inc. Class A (a)	399,978		13,251
NYSE Euronext	50,000		1,864
The NASDAQ Stock Market, Inc.	400,000		12,664
			69,709
Real Estate Investment Trusts - 0.9%
Rayonier, Inc.	300,000		16,761
Real Estate Management & Development - 1.7%
Altisource Asset Management Corp. (a)	11,500		1,492
Altisource Portfolio Solutions SA	160,000		13,046
CBRE Group, Inc. (a)	600,000		14,502
			29,040
TOTAL FINANCIALS			153,054
HEALTH CARE - 16.0%
Biotechnology - 2.2%
ARIAD Pharmaceuticals, Inc. (a)	225,000		4,732
BioMarin Pharmaceutical, Inc. (a)	140,000		8,116
Elan Corp. PLC sponsored ADR (a)	400,000		4,536
Medivation, Inc. (a)	100,000		4,914
Onyx Pharmaceuticals, Inc. (a)	65,000		4,895
Regeneron Pharmaceuticals, Inc. (a)	30,000		5,010
United Therapeutics Corp. (a)	90,000		5,383
			37,586
Health Care Equipment & Supplies - 3.2%
C.R. Bard, Inc.	150,000		14,828
DENTSPLY International, Inc.	325,000		13,462
IDEXX Laboratories, Inc. (a)	160,000		14,739
The Cooper Companies, Inc.	120,000		12,727
			55,756
Health Care Providers & Services - 8.2%
AmerisourceBergen Corp.	570,000		26,894
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Health Care Providers & Services - continued
Catamaran Corp. (a)	250,000		$ 13,428
Chemed Corp.	90,000		6,947
DaVita, Inc. (a)	215,000		25,718
Henry Schein, Inc. (a)	140,000		12,491
Laboratory Corp. of America Holdings (a)	240,000		21,264
MEDNAX, Inc. (a)	140,000		11,987
Universal Health Services, Inc. Class B	200,000		11,578
Wellcare Health Plans, Inc. (a)	200,000		11,438
			141,745
Life Sciences Tools & Services - 0.9%
Waters Corp. (a)	160,000		14,835
Pharmaceuticals - 1.5%
Actavis, Inc. (a)	175,000		14,903
Endo Health Solutions, Inc. (a)	40,000		1,240
Jazz Pharmaceuticals PLC (a)	90,000		5,236
Valeant Pharmaceuticals International, Inc. (United States) (a)	80,000		5,397
			26,776
TOTAL HEALTH CARE			276,698
INDUSTRIALS - 15.0%
Aerospace & Defense - 1.2%
TransDigm Group, Inc.	150,000		21,351
Commercial Services & Supplies - 1.0%
Stericycle, Inc. (a)	175,000		16,786
Construction & Engineering - 0.5%
Quanta Services, Inc. (a)	275,000		7,810
Electrical Equipment - 3.6%
AMETEK, Inc.	550,000		23,007
Hubbell, Inc. Class B	154,000		14,308
Roper Industries, Inc.	200,000		24,922
			62,237
Machinery - 4.2%
Colfax Corp. (a)	125,000		5,425
IDEX Corp.	175,001		8,913
Ingersoll-Rand PLC	360,000		18,954
PACCAR, Inc.	250,000		11,858
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Machinery - continued
Pall Corp.	240,000		$ 16,363
Valmont Industries, Inc.	70,000		11,029
			72,542
Professional Services - 1.9%
Equifax, Inc.	300,000		16,536
IHS, Inc. Class A (a)	160,000		17,000
			33,536
Road & Rail - 1.0%
J.B. Hunt Transport Services, Inc.	250,000		17,380
Trading Companies & Distributors - 1.6%
Brenntag AG	80,000		11,405
W.W. Grainger, Inc.	75,000		16,985
			28,390
TOTAL INDUSTRIALS			260,032
INFORMATION TECHNOLOGY - 19.5%
Communications Equipment - 0.6%
Motorola Solutions, Inc.	175,000		10,887
Computers & Peripherals - 1.0%
NCR Corp. (a)	600,000		16,548
Electronic Equipment & Components - 1.4%
Amphenol Corp. Class A	340,000		24,092
Internet Software & Services - 1.6%
Akamai Technologies, Inc. (a)	325,000		12,012
VeriSign, Inc. (a)	350,000		16,030
			28,042
IT Services - 6.1%
Amdocs Ltd.	375,000		13,676
Fiserv, Inc. (a)	305,000		25,044
Gartner, Inc. Class A (a)	370,000		18,411
Genpact Ltd.	850,000		14,969
Global Payments, Inc.	275,000		13,258
The Western Union Co.	1,400,000		19,642
			105,000
Semiconductors & Semiconductor Equipment - 2.6%
Altera Corp.	600,000		21,252
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Avago Technologies Ltd.	425,000		$ 14,544
Cree, Inc. (a)	200,000		9,046
			44,842
Software - 6.2%
Adobe Systems, Inc. (a)	200,000		7,860
Autodesk, Inc. (a)	400,000		14,688
Check Point Software Technologies Ltd. (a)	225,000		11,815
Citrix Systems, Inc. (a)	80,000		5,672
Concur Technologies, Inc. (a)	150,000		10,530
Intuit, Inc.	290,000		18,699
MICROS Systems, Inc. (a)	300,000		12,840
Nuance Communications, Inc. (a)	675,000		12,427
Synopsys, Inc. (a)	350,000		12,261
Workday, Inc.	13,789		762
			107,554
TOTAL INFORMATION TECHNOLOGY			336,965
MATERIALS - 6.3%
Chemicals - 5.3%
Airgas, Inc.	100,000		10,028
Albemarle Corp.	200,000		13,016
Eastman Chemical Co.	250,000		17,433
FMC Corp.	250,000		15,065
Sherwin-Williams Co.	130,000		21,007
Sigma Aldrich Corp.	65,000		5,009
W.R. Grace & Co. (a)	150,000		10,737
			92,295
Containers & Packaging - 1.0%
Ball Corp.	385,000		17,098
TOTAL MATERIALS			109,393
TOTAL COMMON STOCKS (Cost $1,469,401)		1,708,787
Money Market Funds - 1.3%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.16% (b)	21,994,802		$ 21,995
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c)	247,050		247
TOTAL MONEY MARKET FUNDS (Cost $22,242)		22,242
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $1,491,643)			1,731,029
NET OTHER ASSETS (LIABILITIES) - 0.0%			473
NET ASSETS - 100%		$ 1,731,502

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 11
Fidelity Securities Lending Cash Central Fund	2
Total	$ 13

Other Information

Income Tax Information

At February 28, 2013, the cost of investment securities for income tax purposes was $1,494,456,000. Net unrealized appreciation aggregated $236,573,000, of which $254,164,000 related to appreciated investment securities and $17,591,000 related to depreciated investment securities.

Investment Valuation

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Growth Company Fund

February 28, 2013

1.797941.109

GCF-QTLY-0413

Investments February 28, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.6%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 16.3%
Automobiles - 0.3%
Ford Motor Co.	3,245,000		$ 40,919
General Motors Co. (a)	22,800		619
Honda Motor Co. Ltd.	780,000		29,171
Tesla Motors, Inc. (a)	1,775,000		61,823
			132,532
Diversified Consumer Services - 0.1%
Bright Horizons Family Solutions, Inc.	169,954		4,752
K12, Inc. (a)(d)(e)	2,010,000		41,909
			46,661
Hotels, Restaurants & Leisure - 3.3%
Arcos Dorados Holdings, Inc. Class A (d)	2,114,900		26,796
Buffalo Wild Wings, Inc. (a)	794,900		62,551
Chipotle Mexican Grill, Inc. (a)	121,000		38,332
Chuys Holdings, Inc. (e)	1,591,842		45,383
Dunkin' Brands Group, Inc.	3,003,340		111,574
Home Inns & Hotels Management, Inc. sponsored ADR (a)(e)	2,775,000		80,975
Hyatt Hotels Corp. Class A (a)	1,223,440		50,271
Las Vegas Sands Corp.	975,000		50,203
McDonald's Corp.	3,075,000		294,893
Panera Bread Co. Class A (a)	875,000		140,831
Starbucks Corp.	5,748,400		315,127
Starwood Hotels & Resorts Worldwide, Inc.	1,445,000		87,177
Yum! Brands, Inc.	2,010,000		131,615
			1,435,728
Household Durables - 1.5%
Gafisa SA sponsored ADR (a)(d)	1,570,000		6,688
Lennar Corp. Class A (d)	9,150,077		353,101
SodaStream International Ltd. (a)(d)(e)	1,990,322		94,719
Tempur-Pedic International, Inc. (a)	820,000		33,677
Toll Brothers, Inc. (a)	5,524,050		188,481
			676,666
Internet & Catalog Retail - 2.0%
Amazon.com, Inc. (a)	2,151,000		568,445
Kayak Software Corp.	43,400		1,730
Netflix, Inc. (a)	211,000		39,685
priceline.com, Inc. (a)	315,000		216,588
TripAdvisor, Inc. (a)	960,000		43,642
			870,090
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Media - 1.1%
Comcast Corp. Class A	6,537,500		$ 260,127
Lions Gate Entertainment Corp. (a)(d)	4,499,992		94,365
Pandora Media, Inc. (a)(d)	6,979,469		85,150
Time Warner, Inc.	1,025,650		54,534
			494,176
Multiline Retail - 0.5%
Dollar Tree, Inc. (a)	1,125,000		50,833
J.C. Penney Co., Inc. (d)	5,415,000		95,142
Nordstrom, Inc.	800,000		43,376
Target Corp.	722,589		45,494
			234,845
Specialty Retail - 2.7%
Abercrombie & Fitch Co. Class A	2,435,000		113,544
AutoNation, Inc. (a)(d)	1,050,000		45,959
Bed Bath & Beyond, Inc. (a)	1,300,000		73,775
CarMax, Inc. (a)	3,500,000		134,435
Five Below, Inc. (d)	2,062,093		82,071
Francescas Holdings Corp. (a)(d)(e)	3,928,379		99,977
Home Depot, Inc.	5,470,000		374,695
Limited Brands, Inc.	1,460,000		66,459
Lumber Liquidators Holdings, Inc. (a)(d)(e)	2,735,167		161,895
Tiffany & Co., Inc.	225,000		15,111
Urban Outfitters, Inc. (a)	680,000		27,554
			1,195,475
Textiles, Apparel & Luxury Goods - 4.8%
C. Wonder LLC (a)(g)(h)	555,556		17,500
Coach, Inc.	57,200		2,764
Fifth & Pacific Companies, Inc. (a)	1,540,000		27,859
Fossil, Inc. (a)(e)	5,753,744		591,312
lululemon athletica, Inc. (a)(d)(e)	12,117,100		812,452
Michael Kors Holdings Ltd. (a)	4,467,493		264,833
NIKE, Inc. Class B	3,438,000		187,233
Prada SpA	10,459,300		103,439
Tory Burch LLC (a)(g)(h)	324,840		17,505
Under Armour, Inc. Class A (sub. vtg.) (a)	1,010,000		49,773
VF Corp.	320,000		51,603
			2,126,273
TOTAL CONSUMER DISCRETIONARY			7,212,446
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - 11.4%
Beverages - 1.9%
Beam, Inc.	1,570,000		$ 95,817
Dr. Pepper Snapple Group, Inc.	655,000		28,571
Monster Beverage Corp. (a)	2,504,406		126,297
PepsiCo, Inc.	1,461,640		110,748
SABMiller PLC	50,000		2,486
The Coca-Cola Co.	12,195,000		472,190
			836,109
Food & Staples Retailing - 2.2%
Costco Wholesale Corp.	1,795,800		181,897
CVS Caremark Corp.	1,240,000		63,389
Drogasil SA	3,281,873		37,836
Fresh Market, Inc. (a)(e)	2,448,468		114,148
Wal-Mart Stores, Inc.	5,524,114		390,997
Walgreen Co.	560,000		22,926
Whole Foods Market, Inc.	1,740,000		148,979
			960,172
Food Products - 3.2%
Archer Daniels Midland Co.	6,865,000		218,719
Bunge Ltd.	3,675,000		272,354
Campbell Soup Co. (d)	715,000		29,429
D.E. Master Blenders 1753 NV (a)	685,000		8,255
General Mills, Inc.	1,115,600		51,597
Green Mountain Coffee Roasters, Inc. (a)(e)	8,071,149		385,478
Hillshire Brands Co.	137,000		4,439
Kellogg Co.	965,000		58,383
Kraft Foods Group, Inc.	195,000		9,452
Mead Johnson Nutrition Co. Class A	1,686,800		126,358
Mondelez International, Inc.	585,000		16,175
Smithfield Foods, Inc. (a)	2,565,000		57,046
The Hershey Co.	815,000		67,922
Tyson Foods, Inc. Class A	4,300,000		97,481
Want Want China Holdings Ltd.	28,000,000		39,280
			1,442,368
Household Products - 1.0%
Church & Dwight Co., Inc.	685,000		42,443
Colgate-Palmolive Co.	1,230,000		140,749
Kimberly-Clark Corp.	670,000		63,168
Procter & Gamble Co.	2,704,483		206,028
			452,388
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - continued
Personal Products - 1.0%
Avon Products, Inc.	23,615		$ 462
Herbalife Ltd. (d)(e)	9,950,210		400,894
Nu Skin Enterprises, Inc. Class A (d)	1,180,000		48,616
			449,972
Tobacco - 2.1%
Altria Group, Inc.	5,730,380		192,254
Lorillard, Inc.	2,655,000		102,324
Philip Morris International, Inc.	6,795,380		623,476
			918,054
TOTAL CONSUMER STAPLES			5,059,063
ENERGY - 5.1%
Energy Equipment & Services - 1.4%
Carbo Ceramics, Inc. (d)	175,000		15,890
FMC Technologies, Inc. (a)	1,850,000		96,034
Halliburton Co.	3,250,000		134,908
Schlumberger Ltd.	4,839,600		376,763
			623,595
Oil, Gas & Consumable Fuels - 3.7%
Anadarko Petroleum Corp.	2,292,594		182,445
Apache Corp.	5,000		371
Chesapeake Energy Corp. (d)	3,000,000		60,480
Cobalt International Energy, Inc. (a)	70,900		1,749
Concho Resources, Inc. (a)	1,710,000		153,832
Continental Resources, Inc. (a)	1,990,000		175,120
Devon Energy Corp.	880,000		47,749
EOG Resources, Inc.	1,070,000		134,510
Hess Corp.	525,000		34,913
Kosmos Energy Ltd. (a)	2,290,000		25,030
Noble Energy, Inc.	568,758		63,035
Occidental Petroleum Corp.	2,805,000		230,936
PDC Energy, Inc. (a)	450,000		20,988
Peabody Energy Corp.	2,070,000		44,629
Phillips 66	275,000		17,314
Pioneer Natural Resources Co.	2,095,000		263,572
Range Resources Corp.	1,233,689		94,747
Southwestern Energy Co. (a)	97,461		3,340
Common Stocks - continued
	Shares		Value (000s)
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Valero Energy Corp.	1,490,000		$ 67,929
Whiting Petroleum Corp. (a)	430,000		20,941
			1,643,630
TOTAL ENERGY			2,267,225
FINANCIALS - 4.8%
Capital Markets - 0.6%
BlackRock, Inc. Class A	265,000		63,534
Charles Schwab Corp.	5,404,975		87,777
Franklin Resources, Inc.	45,000		6,356
ICG Group, Inc. (a)(e)	3,775,000		49,188
T. Rowe Price Group, Inc.	915,000		65,139
			271,994
Commercial Banks - 1.0%
Banco Bradesco SA (PN) sponsored ADR	4,415,000		79,338
HDFC Bank Ltd. sponsored ADR	2,770,000		105,399
ICICI Bank Ltd. sponsored ADR	1,205,000		50,514
Itau Unibanco Holding SA sponsored ADR	1,525,000		26,932
PrivateBancorp, Inc. (e)	4,388,426		78,597
Signature Bank (a)	606,885		45,073
Wells Fargo & Co.	1,552,300		54,455
			440,308
Consumer Finance - 1.8%
American Express Co.	1,832,548		113,893
Discover Financial Services	17,450,444		672,366
			786,259
Diversified Financial Services - 1.3%
Bank of America Corp.	8,350,000		93,771
BM&F Bovespa SA	23,879,772		161,780
Citigroup, Inc.	3,572,380		149,933
JPMorgan Chase & Co.	3,385,000		165,594
			571,078
Real Estate Management & Development - 0.1%
The St. Joe Co. (a)(d)	3,030,135		67,572
TOTAL FINANCIALS			2,137,211
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - 17.5%
Biotechnology - 11.9%
ACADIA Pharmaceuticals, Inc. (a)(d)	4,438,949		$ 26,945
Aegerion Pharmaceuticals, Inc. (a)	193,345		5,824
Alexion Pharmaceuticals, Inc. (a)	6,049,060		524,695
Alkermes PLC (a)(e)	13,233,959		287,309
Alnylam Pharmaceuticals, Inc. (a)(e)	4,295,558		101,762
Amgen, Inc.	3,658,300		334,405
Array Biopharma, Inc. (a)	2,403,770		9,351
AVEO Pharmaceuticals, Inc. (a)	680,600		4,540
Biogen Idec, Inc. (a)	1,445,000		240,361
Celgene Corp. (a)	1,421,744		146,696
Cepheid, Inc. (a)(e)	3,360,155		122,410
Clovis Oncology, Inc. (a)(d)(e)	2,372,700		44,749
Elan Corp. PLC sponsored ADR (a)(e)	37,194,070		421,781
Exelixis, Inc. (a)(d)(e)	17,523,681		79,908
Gilead Sciences, Inc. (a)	10,740,000		458,705
Halozyme Therapeutics, Inc. (a)	1,890,000		10,319
ImmunoGen, Inc. (a)(d)(e)	8,385,462		127,207
Immunomedics, Inc. (a)(d)(e)	7,526,150		17,310
Incyte Corp. (a)(d)	695,000		15,429
Infinity Pharmaceuticals, Inc. (a)	1,582,000		65,321
InterMune, Inc. (a)	2,073,117		18,389
Ironwood Pharmaceuticals, Inc. Class A (a)	4,590,000		68,529
Isis Pharmaceuticals, Inc. (a)(d)(e)	10,116,251		148,709
Lexicon Pharmaceuticals, Inc. (a)(e)	51,025,869		100,521
Merrimack Pharmaceuticals, Inc. (e)	6,432,444		41,168
Metabolix, Inc. (a)(d)(e)	2,565,799		6,235
Momenta Pharmaceuticals, Inc. (a)(d)	1,655,000		21,085
NPS Pharmaceuticals, Inc. (a)(e)	8,587,783		68,531
Prothena Corp. PLC (a)(e)	919,367		5,672
Regeneron Pharmaceuticals, Inc. (a)(e)	7,691,613		1,284,499
Rigel Pharmaceuticals, Inc. (a)(e)	8,757,895		58,853
Seattle Genetics, Inc. (a)(d)(e)	11,909,340		335,129
Synageva BioPharma Corp. (a)	475,000		23,736
Transition Therapeutics, Inc. (a)(e)	2,332,446		4,921
Vertex Pharmaceuticals, Inc. (a)	1,109,767		51,959
			5,282,963
Health Care Equipment & Supplies - 1.1%
Abbott Laboratories	1,861,500		62,900
Align Technology, Inc. (a)	715,000		22,480
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Baxter International, Inc.	1,870,000		$ 126,412
DexCom, Inc. (a)	380,000		5,673
Edwards Lifesciences Corp. (a)	760,000		65,307
Genmark Diagnostics, Inc. (a)	1,266,968		13,214
ICU Medical, Inc. (a)	345,000		19,582
Insulet Corp. (a)(e)	4,239,300		95,681
Medtronic, Inc.	604,964		27,199
St. Jude Medical, Inc.	834,200		34,202
			472,650
Health Care Providers & Services - 1.3%
Apollo Hospitals Enterprise Ltd.	720,000		10,950
Cardinal Health, Inc.	485,000		22,412
Catamaran Corp. (a)	5,607,328		301,170
Express Scripts Holding Co. (a)	526,303		29,952
McKesson Corp.	1,780,000		188,911
UnitedHealth Group, Inc.	176,400		9,429
			562,824
Health Care Technology - 0.3%
athenahealth, Inc. (a)(d)	955,000		89,569
Cerner Corp. (a)	515,000		45,042
			134,611
Pharmaceuticals - 2.9%
AbbVie, Inc.	1,861,500		68,727
Actavis, Inc. (a)	590,000		50,244
Allergan, Inc.	2,265,000		245,571
Bristol-Myers Squibb Co.	3,913,700		144,689
Concert Pharmaceuticals, Inc. (a)(h)	186,198		151
Endocyte, Inc. (a)	511,041		4,932
Hospira, Inc. (a)	3,090,000		90,939
Johnson & Johnson	83,300		6,340
MAP Pharmaceuticals, Inc. (a)(e)	3,516,482		87,912
Mylan, Inc. (a)	50,000		1,481
Questcor Pharmaceuticals, Inc. (d)	2,822,600		92,017
Teva Pharmaceutical Industries Ltd. sponsored ADR	705,000		26,367
Valeant Pharmaceuticals International, Inc. (Canada) (a)	6,572,261		443,249
			1,262,619
TOTAL HEALTH CARE			7,715,667
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - 7.5%
Aerospace & Defense - 1.7%
Honeywell International, Inc.	2,465,000		$ 172,797
Lockheed Martin Corp.	1,040,100		91,529
The Boeing Co.	1,494,800		114,950
United Technologies Corp.	3,945,000		357,220
			736,496
Air Freight & Logistics - 0.7%
United Parcel Service, Inc. Class B	3,724,000		307,789
Airlines - 1.1%
Delta Air Lines, Inc. (a)	2,050,000		29,254
JetBlue Airways Corp. (a)(d)(e)	18,434,923		111,716
Ryanair Holdings PLC sponsored ADR	940,000		36,340
Southwest Airlines Co.	8,348,515		97,678
United Continental Holdings, Inc. (a)	7,250,000		193,648
			468,636
Construction & Engineering - 0.1%
Fluor Corp.	455,000		28,165
KBR, Inc.	650,000		19,754
			47,919
Electrical Equipment - 0.5%
Eaton Corp. PLC	25,000		1,549
Emerson Electric Co.	2,065,000		117,086
Rockwell Automation, Inc.	1,160,000		104,794
			223,429
Industrial Conglomerates - 0.8%
3M Co.	1,910,000		198,640
Danaher Corp.	2,815,000		173,404
			372,044
Machinery - 1.4%
Caterpillar, Inc.	3,585,000		331,146
Cummins, Inc.	1,790,000		207,407
Deere & Co.	840,000		73,777
Illinois Tool Works, Inc.	100,000		6,150
Rexnord Corp.	587,500		11,967
			630,447
Professional Services - 0.0%
Nielsen Holdings B.V.	600,000		20,214
Road & Rail - 1.2%
CSX Corp.	4,930,000		113,094
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Road & Rail - continued
Hertz Global Holdings, Inc. (a)	150,000		$ 2,993
Union Pacific Corp.	2,910,000		398,990
			515,077
TOTAL INDUSTRIALS			3,322,051
INFORMATION TECHNOLOGY - 34.0%
Communications Equipment - 2.1%
F5 Networks, Inc. (a)	405,000		38,244
Infinera Corp. (a)(d)(e)	11,216,700		72,796
Juniper Networks, Inc. (a)	460,000		9,513
Motorola Solutions, Inc.	485,000		30,172
Palo Alto Networks, Inc.	45,800		2,800
QUALCOMM, Inc.	10,743,400		705,089
Riverbed Technology, Inc. (a)	4,226,890		64,587
			923,201
Computers & Peripherals - 5.8%
3D Systems Corp. (a)(d)	1,117,500		41,303
Apple, Inc.	5,065,959		2,236,100
Fusion-io, Inc. (a)(d)(e)	9,560,486		161,381
NetApp, Inc. (a)	534,686		18,088
SanDisk Corp. (a)	290,000		14,613
Silicon Graphics International Corp. (a)(d)(e)	3,282,775		49,406
Stratasys Ltd. (a)	660,000		41,672
			2,562,563
Electronic Equipment & Components - 0.4%
Corning, Inc.	1,103,000		13,909
Trimble Navigation Ltd. (a)	495,000		29,418
Universal Display Corp. (a)(d)(e)	3,595,914		112,840
			156,167
Internet Software & Services - 6.8%
Akamai Technologies, Inc. (a)	1,465,000		54,146
Baidu.com, Inc. sponsored ADR (a)	195,000		17,698
Demandware, Inc.	1,447,773		38,294
Dropbox, Inc. (h)	1,105,082		10,000
eBay, Inc. (a)	7,212,200		394,363
Facebook, Inc. Class A	6,196,814		168,863
Google, Inc. Class A (a)	2,400,448		1,923,239
LinkedIn Corp. (a)	1,100,000		184,998
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Mail.ru Group Ltd. GDR (f)	122,600		$ 4,117
MercadoLibre, Inc. (d)	350,000		29,964
Rackspace Hosting, Inc. (a)	1,975,000		110,324
SINA Corp. (a)	310,000		16,021
Yandex NV (a)	895,000		20,755
YouKu.com, Inc. ADR (a)(d)	1,670,000		34,051
			3,006,833
IT Services - 3.7%
Cognizant Technology Solutions Corp. Class A (a)	1,734,716		133,174
IBM Corp.	2,909,800		584,375
MasterCard, Inc. Class A	837,000		433,415
Teradata Corp. (a)	540,000		31,352
Visa, Inc. Class A	2,934,100		465,466
			1,647,782
Semiconductors & Semiconductor Equipment - 5.8%
Altera Corp.	1,690,000		59,860
Applied Micro Circuits Corp. (a)(e)	6,531,638		51,927
ARM Holdings PLC sponsored ADR	1,400,000		60,928
ASML Holding NV	880,793		62,519
Broadcom Corp. Class A	4,755,000		162,193
Cree, Inc. (a)(d)(e)	11,365,294		514,052
Cypress Semiconductor Corp. (e)	15,593,240		164,197
Intel Corp.	2,710,000		56,504
KLA-Tencor Corp.	510,000		27,928
Marvell Technology Group Ltd.	1,918,310		19,375
MaxLinear, Inc. Class A (a)	2,354,608		13,845
Mellanox Technologies Ltd. (a)(d)(e)	4,231,289		223,116
NVIDIA Corp. (e)	50,295,384		636,740
Peregrine Semiconductor Corp. (d)	300,000		2,997
Rambus, Inc. (a)(d)(e)	11,457,400		64,620
Samsung Electronics Co. Ltd.	50,000		71,195
Silicon Laboratories, Inc. (a)(e)	4,600,680		191,020
Skyworks Solutions, Inc. (a)	1,625,000		34,613
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	775,000		14,144
Texas Instruments, Inc.	3,941,000		135,452
Volterra Semiconductor Corp. (a)	58,305		895
			2,568,120
Software - 9.4%
Activision Blizzard, Inc.	6,924,776		99,024
Adobe Systems, Inc. (a)	668,236		26,262
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Software - continued
Citrix Systems, Inc. (a)	954,677		$ 67,687
Electronic Arts, Inc. (a)	300,000		5,259
Guidewire Software, Inc. (a)	1,525,000		55,739
Intuit, Inc.	685,000		44,169
Jive Software, Inc. (a)(d)	1,830,400		30,348
Microsoft Corp.	10,770,000		299,406
Nuance Communications, Inc. (a)	1,580,000		29,088
Oracle Corp.	6,925,000		237,251
QLIK Technologies, Inc. (a)(e)	6,382,742		165,951
Red Hat, Inc. (a)(e)	15,218,586		773,256
salesforce.com, Inc. (a)(e)	10,754,203		1,819,826
ServiceNow, Inc. (d)	1,633,400		53,036
SolarWinds, Inc. (a)	3,690,000		208,337
Solera Holdings, Inc.	460,963		25,952
Splunk, Inc.	1,931,300		69,778
TiVo, Inc. (a)(e)	8,074,576		100,044
VMware, Inc. Class A (a)	417,533		29,991
Workday, Inc.	726,700		40,179
			4,180,583
TOTAL INFORMATION TECHNOLOGY			15,045,249
MATERIALS - 2.5%
Chemicals - 2.3%
CF Industries Holdings, Inc.	46,785		9,396
E.I. du Pont de Nemours & Co.	3,940,000		188,726
Eastman Chemical Co.	555,000		38,700
Monsanto Co.	7,319,978		739,537
The Dow Chemical Co.	1,000,000		31,720
			1,008,079
Metals & Mining - 0.2%
Alcoa, Inc.	1,650,000		14,058
Barrick Gold Corp.	54,000		1,637
Fortescue Metals Group Ltd. (d)	13,372,802		64,474
Mongolian Mining Corp. (a)	25,802,500		11,045
Nucor Corp.	200,000		9,010
			100,224
TOTAL MATERIALS			1,108,303
Common Stocks - continued
	Shares		Value (000s)
TELECOMMUNICATION SERVICES - 0.5%
Diversified Telecommunication Services - 0.3%
Verizon Communications, Inc.	3,032,900		$ 141,121
Wireless Telecommunication Services - 0.2%
Sprint Nextel Corp. (a)	14,865,000		86,217
TOTAL TELECOMMUNICATION SERVICES			227,338
TOTAL COMMON STOCKS (Cost $27,779,680)		44,094,553
Preferred Stocks - 0.2%

Convertible Preferred Stocks - 0.1%
HEALTH CARE - 0.1%
Biotechnology - 0.1%
Ariosa Diagnostics (a)(h)	827,814		5,000
bluebird bio (h)	9,767,944		4,867
Intarcia Therapeutics, Inc. (h)	1,051,411		14,331
			24,198
Health Care Technology - 0.0%
Castlight Health, Inc. Series D (a)(h)	2,070,648		14,495
Pharmaceuticals - 0.0%
Agios Pharmaceuticals, Inc. Series C (a)(h)	2,036,659		10,002
Concert Pharmaceuticals, Inc. Series C, 6.00% (a)(h)	4,000,000		7,160
			17,162
TOTAL HEALTH CARE			55,855
Nonconvertible Preferred Stocks - 0.1%
CONSUMER DISCRETIONARY - 0.1%
Automobiles - 0.1%
Volkswagen AG	70,000		15,285
TOTAL PREFERRED STOCKS (Cost $68,093)		71,140
Money Market Funds - 4.0%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.16% (b)	27		$ 0*
Fidelity Securities Lending Cash Central Fund,0.16% (b)(c) (Cost $1,767,048)	1,767,048,418		1,767,048
TOTAL INVESTMENT PORTFOLIO - 103.8% (Cost $29,614,821)			45,932,741
NET OTHER ASSETS (LIABILITIES) - (3.8)%			(1,663,748)
NET ASSETS - 100%		$ 44,268,993

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

(e) Affiliated company

(f) 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 end of the period, the value of these securities amounted to $4,117,000 or 0.0% of net assets.

(g) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is owned by the Fund.

(h) 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 $101,011,000 or 0.2% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
Agios Pharmaceuticals, Inc. Series C	11/16/11	$ 10,002
Ariosa Diagnostics	11/30/11	$ 5,000
bluebird bio	7/23/12	$ 4,867
C. Wonder LLC	12/27/12	$ 17,500
Castlight Health, Inc. Series D	4/25/12	$ 12,500
Concert Pharmaceuticals, Inc.	2/9/09	$ 151
Concert Pharmaceuticals, Inc. Series C, 6.00%	4/25/08	$ 10,000
Dropbox, Inc.	5/2/12	$ 10,000
Intarcia Therapeutics, Inc.	11/14/12	$ 14,331
Tory Burch LLC	12/31/12	$ 17,505

* Amount represents less than $1,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 21
Fidelity Securities Lending Cash Central Fund	5,566
Total	$ 5,587

Other Affiliated Issuers

Affiliates (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Alkermes PLC	$ 253,053	$ 2,859	$ -	$ -	$ 287,309
Alnylam Pharmaceuticals, Inc.	66,565	7,715	-	-	101,762
Applied Micro Circuits Corp.	42,462	2,551	-	-	51,927
Cepheid, Inc.	159,589	-	53,694	-	122,410
Chuys Holdings, Inc.	35,427	2,195	-	-	45,383
Clovis Oncology, Inc.	33,113	3,688	-	-	44,749
Cree, Inc.	367,213	-	-	-	514,052
Cypress Semiconductor Corp.	158,271	-	-	-	164,197
Elan Corp. PLC sponsored ADR	376,187	-	5,360	-	421,781
Exelixis, Inc.	84,573	1,049	-	-	79,908
Fossil, Inc.	497,354	-	-	-	591,312
Francescas Holdings Corp.	96,789	5,837	-	-	99,977
Fresh Market, Inc.	126,904	-	-	-	114,148
Fusion-io, Inc.	215,384	6,497	-	-	161,381
Green Mountain Coffee Roasters, Inc.	246,512	58,077	-	-	385,478
Herbalife Ltd.	496,486	11,653	35,016	-	400,894
Home Inns & Hotels Management, Inc. sponsored ADR	74,592	-	-	-	80,975
ICG Group, Inc.	42,091	-	-	-	49,188
ImmunoGen, Inc.	105,959	484	-	-	127,207
Immunomedics, Inc.	24,008	-	-	-	17,310
Infinera Corp.	62,562	28	-	-	72,796
Affiliates (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Insulet Corp.	$ 84,648	$ 7,945	$ -	$ -	$ 95,681
Isis Pharmaceuticals, Inc.	92,150	1,328	-	-	148,709
JetBlue Airways Corp.	94,756	-	-	-	111,716
K12, Inc.	34,833	-	-	-	41,909
Lexicon Pharmaceuticals, Inc.	87,605	182	-	-	100,521
lululemon athletica, Inc.	869,765	-	-	-	812,452
Lumber Liquidators Holdings, Inc.	146,824	-	-	-	161,895
MAP Pharmaceuticals, Inc.	55,893	158	-	-	87,912
Mellanox Technologies Ltd.	308,376	-	-	-	223,116
Merrimack Pharmaceuticals, Inc.	41,906	3,476	-	-	41,168
Metabolix, Inc.	2,899	-	-	-	6,235
NPS Pharmaceuticals, Inc.	78,422	8,159	-	-	68,531
NVIDIA Corp.	577,201	26,176	-	3,770	636,740
PrivateBancorp, Inc.	71,583	345	-	44	78,597
Prothena Corp. PLC	-	-	-	-	5,672
QLIK Technologies, Inc.	158,561	-	38,576	-	165,951
Rambus, Inc.	56,027	-	-	-	64,620
Red Hat, Inc.	751,798	-	-	-	773,256
Regeneron Pharmaceuticals, Inc.	1,433,871	-	73,995	-	1,284,499
Rigel Pharmaceuticals, Inc.	61,337	9,568	-	-	58,853
salesforce.com, Inc.	1,671,883	25,201	-	-	1,819,826
Seattle Genetics, Inc.	299,180	2,399	-	-	335,129
Silicon Graphics International Corp.	26,926	1,059	-	-	49,406
Silicon Laboratories, Inc.	192,400	-	-	-	191,020
SodaStream International Ltd.	79,374	-	-	-	94,719
TiVo, Inc.	94,473	-	-	-	100,044
Transition Therapeutics, Inc.	5,738	-	-	-	4,921
Universal Display Corp.	85,870	-	-	-	112,840
Volterra Semiconductor Corp.	22,684	-	20,395	-	-
Total	$ 11,052,077	$ 188,629	$ 227,036	$ 3,814	$ 11,610,082

Other Information

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 7,227,731	$ 7,163,555	$ 29,171	$ 35,005
Consumer Staples	5,059,063	5,059,063	-	-
Energy	2,267,225	2,267,225	-	-
Financials	2,137,211	2,137,211	-	-
Health Care	7,771,522	7,715,516	-	56,006
Industrials	3,322,051	3,322,051	-	-
Information Technology	15,045,249	15,035,249	-	10,000
Materials	1,108,303	1,108,303	-	-
Telecommunication Services	227,338	227,338	-	-
Money Market Funds	1,767,048	1,767,048	-	-
Total Investments in Securities:	$ 45,932,741	$ 45,802,559	$ 29,171	$ 101,011

Income Tax Information

At February 28, 2013, the cost of investment securities for income tax purposes was $29,684,908,000. Net unrealized appreciation aggregated $16,247,833,000, of which $17,942,763,000 related to appreciated investment securities and $1,694,930,000 related to depreciated investment securities.

Investment Valuation

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and these securities are generally categorized as Level 3 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Mt. Vernon 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 Mt. Vernon Street Trust

By:	/s/Kenneth B. Robins
	Kenneth B. Robins
	President and Treasurer

Date:	April 29, 2013

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/Kenneth B. Robins
	Kenneth B. Robins
	President and Treasurer

Date:	April 29, 2013
By:	/s/Christine Reynolds
	Christine Reynolds
	Chief Financial Officer

Date:	April 29, 2013