N-Q

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- 4118

Fidelity Securities Fund
(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:	November 30
Date of reporting period:	August 31, 2004

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Advisor Aggressive
Growth Fund
Class A
Class T
Class B
Class C
Institutional Class

August 31, 2004

AAG-QTLY-1004

1.805754.100

Investments August 31, 2004 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.1%
	Shares		Value
CONSUMER DISCRETIONARY - 14.4%
Auto Components - 0.2%
Gentex Corp.	800		$ 27,472
Johnson Controls, Inc.	700		39,410
			66,882
Hotels, Restaurants & Leisure - 4.0%
Brinker International, Inc. (a)	3,680		112,056
California Pizza Kitchen, Inc. (a)	2,600		49,634
Harrah's Entertainment, Inc.	960		46,262
Hilton Hotels Corp.	6,600		117,810
International Game Technology	2,410		69,529
Krispy Kreme Doughnuts, Inc. (a)	1,800		23,184
Mandalay Resort Group	800		54,272
Marriott International, Inc. Class A	1,890		89,681
Outback Steakhouse, Inc.	1,700		66,538
Royal Caribbean Cruises Ltd.	1,400		57,820
Starbucks Corp. (a)	2,020		87,345
Station Casinos, Inc.	1,900		87,400
Sunterra Corp. (a)	1,500		14,655
The Cheesecake Factory, Inc. (a)	1,480		61,242
Wendy's International, Inc.	4,400		151,228
Yum! Brands, Inc.	9,980		396,306
			1,484,962
Household Durables - 1.6%
Black & Decker Corp.	1,910		131,656
Fortune Brands, Inc.	3,500		256,025
Harman International Industries, Inc.	1,720		166,307
Mohawk Industries, Inc. (a)	780		59,998
			613,986
Internet & Catalog Retail - 0.0%
eDiets.com, Inc. (a)	400		1,324
Leisure Equipment & Products - 0.6%
Brunswick Corp.	4,200		165,102
Mattel, Inc.	1,960		31,536
Polaris Industries, Inc.	800		37,728
			234,366
Media - 2.2%
E.W. Scripps Co. Class A	2,050		209,736
Entercom Communications Corp. Class A (a)	540		20,358
Getty Images, Inc. (a)	1,480		82,066
Lamar Advertising Co. Class A (a)	810		35,389
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
NTL, Inc. (a)	1,582		$ 85,918
Pixar (a)	1,370		106,476
Playboy Enterprises, Inc. Class B (non-vtg.) (a)	200		1,818
Radio One, Inc. Class D (non-vtg.) (a)	1,000		15,600
The New York Times Co. Class A	1,840		74,741
Univision Communications, Inc. Class A (a)	2,700		89,100
Westwood One, Inc. (a)	2,590		58,120
XM Satellite Radio Holdings, Inc. Class A (a)	1,000		27,470
			806,792
Multiline Retail - 0.9%
99 Cents Only Stores (a)	500		6,475
Big Lots, Inc. (a)	3,930		47,907
Dollar General Corp.	1,900		37,430
Dollar Tree Stores, Inc. (a)	3,560		83,696
Family Dollar Stores, Inc.	2,450		64,803
Nordstrom, Inc.	2,500		92,825
			333,136
Specialty Retail - 4.1%
Abercrombie & Fitch Co. Class A	2,400		67,200
AutoZone, Inc. (a)	690		51,101
Bed Bath & Beyond, Inc. (a)	4,000		149,680
Chico's FAS, Inc. (a)	4,320		176,688
Christopher & Banks Corp.	3,690		64,981
Circuit City Stores, Inc.	1,600		20,752
Foot Locker, Inc.	1,000		22,370
Hot Topic, Inc. (a)	4,155		62,741
Jo-Ann Stores, Inc. (a)	700		18,620
Kirkland's, Inc. (a)	1,200		9,240
Michaels Stores, Inc.	2,200		126,126
PETsMART, Inc.	6,360		178,462
Pier 1 Imports, Inc.	1,100		19,085
Ross Stores, Inc.	9,780		206,847
Select Comfort Corp. (a)	6,890		109,413
TJX Companies, Inc.	3,910		82,736
Weight Watchers International, Inc. (a)	2,810		109,702
Williams-Sonoma, Inc. (a)	2,170		75,928
			1,551,672
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Textiles Apparel & Luxury Goods - 0.8%
Coach, Inc. (a)	6,980		$ 294,207
Kenneth Cole Productions, Inc. Class A (sub. vtg.)	550		14,839
			309,046
TOTAL CONSUMER DISCRETIONARY			5,402,166
CONSUMER STAPLES - 2.8%
Food & Staples Retailing - 0.9%
CVS Corp.	6,100		244,000
Whole Foods Market, Inc.	1,410		109,599
			353,599
Food Products - 1.2%
Del Monte Foods Co. (a)	15,590		164,475
Hershey Foods Corp.	3,980		192,154
McCormick & Co., Inc. (non-vtg.)	1,700		57,035
Smithfield Foods, Inc. (a)	700		17,990
Wm. Wrigley Jr. Co.	70		4,342
			435,996
Personal Products - 0.7%
Avon Products, Inc.	2,800		123,704
Estee Lauder Companies, Inc. Class A	2,900		127,455
Gillette Co.	600		25,500
			276,659
TOTAL CONSUMER STAPLES			1,066,254
ENERGY - 4.8%
Energy Equipment & Services - 3.7%
Baker Hughes, Inc.	10,300		405,099
BJ Services Co.	200		9,610
Cooper Cameron Corp. (a)	3,700		188,441
ENSCO International, Inc.	2,110		61,528
Halliburton Co.	600		17,502
Nabors Industries Ltd. (a)	960		42,336
Noble Corp. (a)	1,870		75,211
Patterson-UTI Energy, Inc.	6,640		115,005
Smith International, Inc. (a)	3,530		201,139
Weatherford International Ltd. (a)	5,430		251,626
			1,367,497
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil & Gas - 1.1%
EOG Resources, Inc.	1,400		$ 80,878
Pioneer Natural Resources Co.	5,170		172,937
Teekay Shipping Corp.	3,240		113,562
XTO Energy, Inc.	2,100		58,884
			426,261
TOTAL ENERGY			1,793,758
FINANCIALS - 3.4%
Capital Markets - 1.8%
Ameritrade Holding Corp. (a)	6,780		77,224
E*TRADE Financial Corp. (a)	8,700		102,486
Eaton Vance Corp. (non-vtg.)	3,010		120,852
Federated Investors, Inc. Class B (non-vtg.)	1,580		45,583
Investors Financial Services Corp.	200		9,276
Legg Mason, Inc.	1,920		154,906
SEI Investments Co.	1,800		58,824
T. Rowe Price Group, Inc.	1,250		61,913
Waddell & Reed Financial, Inc. Class A	2,400		52,176
			683,240
Commercial Banks - 0.6%
North Fork Bancorp, Inc., New York	1,100		46,134
Sumitomo Mitsui Financial Group, Inc.	10		60,506
Synovus Financial Corp.	3,640		92,456
UnionBanCal Corp.	300		17,838
			216,934
Real Estate - 0.0%
Catellus Development Corp.	77		2,100
Thrifts & Mortgage Finance - 1.0%
Countrywide Financial Corp.	400		14,220
MGIC Investment Corp.	1,600		109,232
New York Community Bancorp, Inc.	4,373		93,364
Radian Group, Inc.	3,000		132,900
The PMI Group, Inc.	300		12,459
			362,175
TOTAL FINANCIALS			1,264,449
Common Stocks - continued
	Shares		Value
HEALTH CARE - 38.1%
Biotechnology - 14.4%
Affymetrix, Inc. (a)	1,600		$ 44,480
Alkermes, Inc. (a)	900		9,567
Amylin Pharmaceuticals, Inc. (a)	2,990		59,172
Biogen Idec, Inc. (a)	22,380		1,327,805
Celgene Corp. (a)	2,920		165,710
Cephalon, Inc. (a)	1,440		67,694
Charles River Laboratories International, Inc. (a)	2,520		109,746
Dendreon Corp. (a)	1,700		16,711
DOV Pharmaceutical, Inc. (a)	6,700		105,190
Dyax Corp. (a)	3,700		29,378
Enzon Pharmaceuticals, Inc. (a)	2,500		34,800
Genentech, Inc. (a)	27,940		1,362,906
Genzyme Corp. - General Division (a)	400		21,600
Gilead Sciences, Inc. (a)	300		20,739
Harvard Bioscience, Inc. (a)	2,600		12,792
ICOS Corp. (a)	600		15,654
ImClone Systems, Inc. (a)	7,370		392,674
Invitrogen Corp. (a)	800		39,600
Medarex, Inc. (a)	13,800		78,522
MedImmune, Inc. (a)	8,210		195,973
Millennium Pharmaceuticals, Inc. (a)	33,880		402,833
Neurocrine Biosciences, Inc. (a)	240		11,945
ONYX Pharmaceuticals, Inc. (a)	1,500		55,710
Oscient Pharmaceuticals Corp. (a)	7,442		31,331
OSI Pharmaceuticals, Inc. (a)	400		23,836
Pharmion Corp.	8,300		408,111
Protein Design Labs, Inc. (a)	18,470		338,555
Trimeris, Inc. (a)	1,400		16,856
			5,399,890
Health Care Equipment & Supplies - 8.3%
Alcon, Inc.	3,290		246,224
Bausch & Lomb, Inc.	1,600		105,520
Baxter International, Inc.	11,030		336,856
Beckman Coulter, Inc.	1,700		94,843
Biomet, Inc.	18,630		850,460
Boston Scientific Corp. (a)	4,700		167,931
C.R. Bard, Inc.	4,760		267,036
Cooper Companies, Inc.	600		34,770
Cyberonics, Inc. (a)	600		10,272
Cytyc Corp. (a)	3,500		83,860
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
DENTSPLY International, Inc.	1,350		$ 68,783
Edwards Lifesciences Corp. (a)	3,300		116,523
Given Imaging Ltd. (a)	1,200		42,600
Inverness Medical Innovations, Inc. (a)	1,200		18,552
ResMed, Inc. (a)	3,400		162,418
Waters Corp. (a)	1,300		56,303
Zimmer Holdings, Inc. (a)	6,510		464,163
			3,127,114
Health Care Providers & Services - 6.0%
AmerisourceBergen Corp.	620		33,542
Andrx Corp. (a)	1,400		28,224
Anthem, Inc. (a)	1,000		81,240
Caremark Rx, Inc. (a)	2,710		77,777
Cerner Corp. (a)	800		35,048
Community Health Systems, Inc. (a)	5,190		129,750
Computer Programs & Systems, Inc.	100		2,016
Covance, Inc. (a)	3,100		116,095
Coventry Health Care, Inc. (a)	5,360		272,181
DaVita, Inc. (a)	450		13,640
Health Management Associates, Inc. Class A	8,140		155,637
Henry Schein, Inc. (a)	1,300		80,964
Inveresk Research Group, Inc. (a)	1,930		68,534
Laboratory Corp. of America Holdings (a)	1,100		45,749
Lincare Holdings, Inc. (a)	7,900		253,906
McKesson Corp.	1,690		52,306
Medco Health Solutions, Inc. (a)	84		2,623
PacifiCare Health Systems, Inc. (a)	400		13,044
Patterson Companies, Inc. (a)	700		51,261
Pharmaceutical Product Development, Inc. (a)	1,700		57,715
Quest Diagnostics, Inc.	1,200		102,720
Renal Care Group, Inc. (a)	2,700		85,509
Specialty Laboratories, Inc. (a)	1,000		11,200
Tenet Healthcare Corp. (a)	5,900		61,478
Triad Hospitals, Inc. (a)	1,870		59,447
UnitedHealth Group, Inc.	3,740		247,326
Universal Health Services, Inc. Class B	2,420		109,021
			2,247,953
Pharmaceuticals - 9.4%
aaiPharma, Inc. (a)	850		1,964
Allergan, Inc.	920		68,678
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
Barr Pharmaceuticals, Inc. (a)	4,127		$ 162,067
Elan Corp. PLC sponsored ADR (a)	55,320		1,251,892
Endo Pharmaceuticals Holdings, Inc. (a)	3,700		62,752
Eon Labs, Inc. (a)	1,700		42,772
Guilford Pharmaceuticals, Inc. (a)	9,400		49,914
Impax Laboratories, Inc. (a)	15,500		221,805
IVAX Corp. (a)	9,950		192,632
MGI Pharma, Inc. (a)	7,500		174,225
Mylan Laboratories, Inc.	3,445		60,012
NitroMed, Inc.	14,300		263,549
Par Pharmaceutical Companies, Inc. (a)	900		36,936
Salix Pharmaceuticals Ltd. (a)	900		21,051
Schering-Plough Corp.	16,800		310,128
Sepracor, Inc. (a)	10,250		508,503
UCB SA	1,110		54,066
Watson Pharmaceuticals, Inc. (a)	950		26,163
			3,509,109
TOTAL HEALTH CARE			14,284,066
INDUSTRIALS - 9.0%
Aerospace & Defense - 1.6%
EADS NV	4,580		119,795
EDO Corp.	2,500		65,475
Embraer - Empresa Brasileira de Aeronautica SA sponsored ADR	3,230		85,757
KVH Industries, Inc. (a)	200		1,560
Lockheed Martin Corp.	1,800		96,804
Precision Castparts Corp.	1,500		82,635
Rockwell Collins, Inc.	4,300		147,877
			599,903
Air Freight & Logistics - 0.2%
Expeditors International of Washington, Inc.	700		34,146
Ryder System, Inc.	500		21,905
			56,051
Airlines - 0.3%
Southwest Airlines Co.	8,000		118,560
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Building Products - 0.6%
American Standard Companies, Inc. (a)	5,690		$ 214,001
Trex Co., Inc. (a)	400		17,336
			231,337
Commercial Services & Supplies - 3.4%
Avery Dennison Corp.	2,620		162,833
Career Education Corp. (a)	1,900		58,596
ChoicePoint, Inc. (a)	526		22,224
Cintas Corp.	4,390		180,034
Corinthian Colleges, Inc. (a)	900		10,233
Education Management Corp. (a)	1,438		41,788
Equifax, Inc.	3,430		83,692
H&R Block, Inc.	4,690		226,339
Herman Miller, Inc.	2,130		53,655
HNI Corp.	800		31,360
Manpower, Inc.	200		8,446
Pitney Bowes, Inc.	3,050		132,858
Robert Half International, Inc.	11,430		280,035
			1,292,093
Construction & Engineering - 0.2%
Dycom Industries, Inc. (a)	1,400		36,008
Granite Construction, Inc.	1,600		36,480
MasTec, Inc. (a)	800		4,328
			76,816
Electrical Equipment - 0.1%
Rockwell Automation, Inc.	1,100		42,900
Industrial Conglomerates - 0.6%
3M Co.	890		73,300
Tyco International Ltd.	4,720		147,830
			221,130
Machinery - 0.9%
AGCO Corp. (a)	2,030		40,580
Astec Industries, Inc. (a)	2,900		47,937
Dover Corp.	2,100		79,233
ITT Industries, Inc.	1,760		139,216
Pall Corp.	700		17,052
SPX Corp.	500		18,245
			342,263
Road & Rail - 0.4%
Burlington Northern Santa Fe Corp.	1,000		35,800
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Road & Rail - continued
CSX Corp.	1,000		$ 31,580
Norfolk Southern Corp.	1,300		36,920
Union Pacific Corp.	600		34,266
			138,566
Trading Companies & Distributors - 0.7%
Fastenal Co.	3,720		233,542
MSC Industrial Direct Co., Inc. Class A	600		18,642
			252,184
TOTAL INDUSTRIALS			3,371,803
INFORMATION TECHNOLOGY - 21.6%
Communications Equipment - 6.3%
Advanced Fibre Communications, Inc. (a)	1,100		18,887
Andrew Corp. (a)	2,100		23,289
Arris Group, Inc. (a)	500		2,280
AudioCodes Ltd. (a)	6,960		78,857
Avocent Corp. (a)	1,000		28,510
Brocade Communications Systems, Inc. (a)	4,660		22,974
CIENA Corp. (a)	10,000		18,200
Cisco Systems, Inc. (a)	31,700		594,692
Corning, Inc. (a)	17,470		176,796
Enterasys Networks, Inc. (a)	13,270		23,886
Extreme Networks, Inc. (a)	1,700		7,905
Finisar Corp. (a)	26,500		35,775
InterDigital Communication Corp. (a)	1,200		18,708
JDS Uniphase Corp. (a)	9,500		29,545
Juniper Networks, Inc. (a)	10,800		247,212
Marconi Corp. PLC (a)	8,874		92,606
Motorola, Inc.	1,040		16,796
Nokia Corp. sponsored ADR	12,900		153,252
Polycom, Inc. (a)	870		16,991
Powerwave Technologies, Inc. (a)	3,900		23,595
QUALCOMM, Inc.	12,820		487,801
Redback Networks, Inc. (a)	9,900		59,598
SafeNet, Inc. (a)	4,789		136,247
Sycamore Networks, Inc. (a)	3,500		13,335
Tellabs, Inc. (a)	5,100		46,257
			2,373,994
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Computers & Peripherals - 1.9%
Diebold, Inc.	5,510		$ 269,384
Electronics for Imaging, Inc. (a)	3,243		64,471
Hutchinson Technology, Inc. (a)	500		12,160
Lexmark International, Inc. Class A (a)	3,720		329,034
Maxtor Corp. (a)	3,500		14,700
Seagate Technology	1,500		16,395
Western Digital Corp. (a)	3,100		23,126
			729,270
Electronic Equipment & Instruments - 1.0%
Arrow Electronics, Inc. (a)	1,500		32,460
CDW Corp.	1,200		70,200
Celestica, Inc. (sub. vtg.) (a)	900		12,902
Ingram Micro, Inc. Class A (a)	800		11,856
KEMET Corp. (a)	2,700		23,409
Molex, Inc.	100		2,887
Sanmina-SCI Corp. (a)	3,900		26,988
Solectron Corp. (a)	21,500		110,940
Symbol Technologies, Inc.	6,670		86,043
			377,685
Internet Software & Services - 0.7%
Ask Jeeves, Inc. (a)	1,200		31,104
Interwoven, Inc. (a)	2,319		17,601
Lastminute.com PLC (a)	500		1,045
Retek, Inc. (a)	2,785		10,499
Sina Corp. (a)	400		8,332
VeriSign, Inc. (a)	1,100		19,096
Vignette Corp. (a)	18,180		21,998
Yahoo!, Inc. (a)	5,080		144,831
			254,506
IT Services - 2.1%
Affiliated Computer Services, Inc. Class A (a)	2,400		130,392
Anteon International Corp. (a)	400		13,140
BearingPoint, Inc. (a)	1,600		12,912
Computer Sciences Corp. (a)	400		18,540
CSG Systems International, Inc. (a)	65		941
DST Systems, Inc. (a)	1,400		63,336
Fiserv, Inc. (a)	2,970		103,297
Infosys Technologies Ltd. sponsored ADR	3,320		173,304
Iron Mountain, Inc. (a)	1,305		40,233
Paychex, Inc.	640		18,989
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - continued
SunGard Data Systems, Inc. (a)	7,810		$ 179,630
The BISYS Group, Inc. (a)	1,880		26,696
			781,410
Office Electronics - 1.3%
Xerox Corp. (a)	1,800		24,174
Zebra Technologies Corp. Class A (a)	8,200		468,630
			492,804
Semiconductors & Semiconductor Equipment - 5.9%
Agere Systems, Inc.:
Class A (a)	20,030		24,236
Class B (a)	15,700		18,683
Altera Corp. (a)	5,500		104,060
Conexant Systems, Inc. (a)	17,650		26,299
Cree, Inc. (a)	1,000		25,010
DuPont Photomasks, Inc. (a)	100		1,562
Integrated Circuit Systems, Inc. (a)	5,900		129,682
Integrated Device Technology, Inc. (a)	6,990		74,863
Intel Corp.	1,500		31,935
Intersil Corp. Class A	10,100		176,043
KLA-Tencor Corp. (a)	40		1,494
Lam Research Corp. (a)	4,580		98,699
Linear Technology Corp.	3,600		128,772
Microchip Technology, Inc.	23,570		622,012
Micron Technology, Inc. (a)	2,990		34,415
Novellus Systems, Inc. (a)	3,600		87,948
NVIDIA Corp. (a)	341		4,249
Photronics, Inc. (a)	7,500		107,625
PMC-Sierra, Inc. (a)	27,030		252,460
Rambus, Inc. (a)	800		10,256
Silicon Laboratories, Inc. (a)	380		12,460
STMicroelectronics NV (NY Shares)	10,800		184,788
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	136		1,027
United Microelectronics Corp. sponsored ADR (a)	558		2,120
Varian Semiconductor Equipment Associates, Inc. (a)	1,200		33,600
			2,194,298
Software - 2.4%
Adobe Systems, Inc.	4,320		198,158
BEA Systems, Inc. (a)	9,250		61,050
BMC Software, Inc. (a)	1,700		25,449
Citrix Systems, Inc. (a)	4,470		71,118
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - continued
Cognos, Inc. (a)	500		$ 15,763
Concord Communications, Inc. (a)	100		866
E.piphany, Inc. (a)	3,054		12,002
FileNET Corp. (a)	1,898		37,277
Internet Security Systems, Inc. (a)	7,200		103,608
Jack Henry & Associates, Inc.	1,290		23,362
Manhattan Associates, Inc. (a)	304		7,095
Mercury Interactive Corp. (a)	3,400		117,334
Parametric Technology Corp. (a)	12,800		62,336
Secure Computing Corp. (a)	167		1,179
Siebel Systems, Inc. (a)	19,619		149,301
			885,898
TOTAL INFORMATION TECHNOLOGY			8,089,865
MATERIALS - 2.4%
Chemicals - 0.9%
Dow Chemical Co.	1,600		68,496
Ferro Corp.	2,500		51,350
Great Lakes Chemical Corp.	1,300		33,956
International Flavors & Fragrances, Inc.	800		30,824
Olin Corp.	2,400		40,536
Praxair, Inc.	2,700		109,566
			334,728
Containers & Packaging - 0.6%
Owens-Illinois, Inc. (a)	3,410		54,731
Pactiv Corp. (a)	1,500		35,475
Sealed Air Corp. (a)	3,070		150,798
			241,004
Metals & Mining - 0.9%
Freeport-McMoRan Copper & Gold, Inc. Class B	2,550		95,957
Massey Energy Co.	2,800		77,056
Metal Management, Inc. (a)	600		9,984
Nucor Corp.	500		39,145
Phelps Dodge Corp.	1,400		114,184
			336,326
TOTAL MATERIALS			912,058
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - 0.6%
Diversified Telecommunication Services - 0.1%
Philippine Long Distance Telephone Co. sponsored ADR (a)	1,000		$ 22,670
XO Communications, Inc. (a)	1,600		5,552
			28,222
Wireless Telecommunication Services - 0.5%
America Movil SA de CV sponsored ADR	600		20,550
Arch Wireless, Inc. Class A (a)	1,400		42,700
KDDI Corp.	15		72,223
MobilCom AG	1,900		25,704
Wireless Facilities, Inc. (a)	5,900		37,642
			198,819
TOTAL TELECOMMUNICATION SERVICES			227,041
TOTAL COMMON STOCKS (Cost $35,220,403)		36,411,460
Money Market Funds - 3.1%
Fidelity Cash Central Fund, 1.53% (b) (Cost $1,165,413)	1,165,413		1,165,413
TOTAL INVESTMENT PORTFOLIO - 100.2% (Cost $36,385,816)		37,576,873
NET OTHER ASSETS - (0.2)%		(66,517)
NET ASSETS - 100%		$ 37,510,356

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 listing of the fund's holdings as of its most recent fiscal year end is available upon request.

Income Tax Information

At August 31, 2004, the aggregate cost of investment securities for income tax purposes was $36,555,598. Net unrealized appreciation aggregated $1,021,275, of which $4,786,068 related to appreciated investment securities and $3,764,793 related to depreciated investment securities.

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 Corp. 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 Securities Fund'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 Securities Fund

By:	/s/Christine Reynolds
	Christine Reynolds
	President and Treasurer
Date:	October 19, 2004

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:	October 19, 2004

By:	/s/Timothy F. Hayes
	Timothy F. Hayes
	Chief Financial Officer
Date:	October 19, 2004

EX-99.CERT

3:

Exhibit EX-99.CERT

I, Christine Reynolds, certify that:

1. I have reviewed this report on Form N-Q of Fidelity Securities Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

c. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: October 19, 2004

/s/Christine Reynolds

Christine Reynolds

President and Treasurer

I, Timothy F. Hayes, certify that:

1. I have reviewed this report on Form N-Q of Fidelity Securities Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

c. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: October 19, 2004

/s/Timothy F. Hayes

Timothy F. Hayes

Chief Financial Officer