24F-2NT

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

"Rule 24f-2 Notice"

Fidelity Securities Fund


(Name of Registrant)



FILE NO. 2-93601


Fidelity Securities Fund
: Fidelity Dividend Growth Fund


RULE 24F-2 - FILED PURSUANT TO RULE

24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940

(i)   Fiscal Year for Which Notice Filed

Fiscal year ended July 31, 1995


(ii)    Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2

No shares


(iii)     Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2

No shares


(iv)    Number of Securities Sold During Fiscal Year

49,213,225 shares


For information relating to the calculation of the filing fee,
see Note (1) below.

(v)   Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2

49,213,225 shares








Number of Shares

Aggregate Price







Sales Pursuant to Rule 24f-2:

        
49,213,225

$ 
687,747,052

Redemptions:

        
(26,523,159)

$ 
(367,108,944)

Net Sales Pursuant to Rule 24f-2:

        
22,690,066

$ 
320,638,108




Note (1) :  Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $110,564.86


Fidelity Securities Fund
:

Fidelity Dividend Growth Fund


By  John H. Costello

        Assistant Treasurer





FILE NO. 2-93601


Fidelity Securities Fund
: Fidelity Blue Chip Growth Fund


RULE 24F-2 - FILED PURSUANT TO RULE

24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940

(i)   Fiscal Year for Which Notice Filed

Fiscal year ended July 31, 1995


(ii)    Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2

No shares


(iii)     Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2

No shares


(iv)    Number of Securities Sold During Fiscal Year

162,135,773 shares


For information relating to the calculation of the filing fee,
see Note (1) below.

(v)   Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2

162,135,773 shares








Number of Shares

Aggregate Price







Sales Pursuant to Rule 24f-2:

        
162,135,773

$ 
4,439,491,942

Redemptions:

        
(56,233,302)

$ 
(1,529,163,993)

Net Sales Pursuant to Rule 24f-2:

        
105,902,471

$ 
2,910,327,949




Note (1) :  Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $1,003,561.36


Fidelity Securities Fund
:

Fidelity Blue Chip Growth Fund


By  John H. Costello

        Assistant Treasurer





FILE NO. 2-93601


Fidelity Securities Fund
: Fidelity Growth & Income Portfolio


RULE 24F-2 - FILED PURSUANT TO RULE

24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940

(i)   Fiscal Year for Which Notice Filed

Fiscal year ended July 31, 1995


(ii)    Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2

No shares


(iii)     Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2

No shares


(iv)    Number of Securities Sold During Fiscal Year

136,992,899 shares


For information relating to the calculation of the filing fee,
see Note (1) below.

(v)   Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2

136,992,899 shares








Number of Shares

Aggregate Price







Sales Pursuant to Rule 24f-2:

        
136,992,899

$ 
3,121,656,910

Redemptions:

        
(80,408,435)

$ 
(1,849,026,791)

Net Sales Pursuant to Rule 24f-2:

        
56,584,464

$ 
1,272,630,119




Note (1) :  Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $438,837.97


Fidelity Securities Fund
:

Fidelity Growth & Income Portfolio


By  John H. Costello

        Assistant Treasurer





FILE NO. 2-93601


Fidelity Securities Fund
: Fidelity OTC Portfolio


RULE 24F-2 - FILED PURSUANT TO RULE

24f-2(b)(1) OF THE INVESTMENT COMPANY ACT OF 1940

(i)   Fiscal Year for Which Notice Filed

Fiscal year ended July 31, 1995


(ii)    Number of Securities Which Remained Unsold at Beginning of Fiscal Year
Registered Other Than Pursuant to Rule 24f-2

28,563,262 shares


(iii)     Number of Securities Registered During Fiscal Year Other Than Pursuant
to Rule 24f-2

3,428,081 shares


(iv)    Number of Securities Sold During Fiscal Year

50,478,156 shares


For information relating to the calculation of the filing fee,
see Note (1) below.

(v)   Number of Securities Sold During Fiscal Year Pursuant to Rule 24f-2

37,963,033 shares








Number of Shares

Aggregate Price







Sales Pursuant to Rule 24f-2:

        
37,963,033

$ 
961,207,275

Redemptions:

        
(37,963,033)

$ 
(961,207,275)

Net Sales Pursuant to Rule 24f-2:

        
0

$ 
0




Note (1) :  Pursuant to Rule 24f-2(c), the filing fee, calculated in the
manner specified in Section 6(b) of the Securities Act
of 1933, amounted to: $0


Fidelity Securities Fund
:

Fidelity OTC Portfolio


By  John H. Costello

        Assistant Treasurer

EX-99

September 20, 1995



Mr. John Costello, Assistant Treasurer
Fidelity Securities Fund (the trust):
Fidelity Blue Chip Growth Fund
Fidelity OTC Portfolio
Fidelity Dividend Growth Fund
Fidelity Growth & Income Portfolio (the funds)
82 Devonshire Street
Boston, Massachusetts 02109



Dear Mr. Costello:
Fidelity Securities Fund is a Massachusetts business trust created 
under a written Declaration of Trust dated October 1, 1984, which 
was executed and delivered in Boston, Massachusetts on October 
2, 1984. A supplement to the Declaration of Trust, dated April 9, 
1985, was filed with the Secretary of the Commonwealth of 
Massachusetts on April 10, 1985. An additional supplement to the 
Declaration of Trust was dated and filed with the Secretary of the 
Commonwealth of Massachusetts on March 24, 1987. A 
supplement to the Declaration of Trust, dated November 30, 1988, 
was filed with the Secretary of the Commonwealth of 
Massachusetts on December 12, 1988. An Amended and Restated 
Declaration of Trust, dated July 14, 1994, was filed with the office 
of the Secretary of the Commonwealth of Massachusetts on August 
17, 1994.
I have conducted such legal and factual inquiry as I have deemed 
necessary for the purpose of rendering this opinion.
Capitalized terms used herein, and not otherwise herein defined, are 
used as defined in the Declaration of Trust.
Under Article III, Section 1 of the Declaration of Trust, the 
beneficial interest in the Trust shall be divided into such transferable 
Shares of one or more separate and distinct Series as the Trustees 
shall from time to time create and establish. The number of Shares 
is unlimited and each Share shall be without par value and shall be 
fully paid and nonassessable. The Trustees shall have full power and 
authority, in their sole discretion and without obtaining any prior 
authorization or vote of the Shareholders of the Trust to create and 
establish (and to change in any manner) Shares with such 
preferences, voting powers, rights and privileges as the Trustees 
may from time to time determine, to divide or combine the Shares 
into a greater or lesser number, to classify or reclassify any issued 
Shares into one or more Series of Shares, to abolish any one or 
more Series of Shares, and to take such other action with respect to 
the Shares as the Trustees may deem desirable.
Under Article III, Section 4, the Trustees shall accept investments 
in the Trust from such persons and on such terms as they may from 
time to time authorize. Such investments may be in the form of cash 
or securities in which the appropriate Series is authorized to invest, 
valued as provided in Article X, Section 3. After the date of the 
initial contribution of capital, the number of Shares to represent the 
initial contribution may in the Trustees' discretion be considered as 
outstanding and the amount received by the Trustees on account of 
the contribution shall be treated as an asset of the Trust. 
Subsequent investments in the Trust shall be credited to each 
Shareholder's account in the form of full Shares at the Net Asset 
Value per Share next determined after the investment is received; 
provided, however, that the Trustees may, in their sole discretion, 
(a) impose a sales charge upon investments in the Trust and (b) 
issue fractional Shares.
By a vote adopted on October 1, 1984, and amended on February 
22, 1985, the Board of Trustees authorized the issue and sale, from 
time to time, of an unlimited number of shares of beneficial interest 
of the trust in accordance with the terms included in the current 
Registration Statement and subject to the limitations of the 
Declaration of Trust and any amendments thereto.
I understand from you that, pursuant to Rule 24f-2 under the 
Investment Company Act of 1940, the trust has registered an 
indefinite amount of shares of beneficial interest under the 
Securities Act of 1933. I further understand that, pursuant to the 
provisions of Rule 24f-2, the trust intends to file with the Securities 
and Exchange Commission a Notice making definite the registration 
of 386,304,930 shares of the trust (the "Shares") sold in reliance 
upon Rule 24f-2 during the fiscal year ended July 31, 1995.
I am of the opinion that all necessary trust action precedent to the 
issue of Shares has been duly taken, and that all the Shares were 
legally and validly issued, and are fully paid and non assessable, 
except as described in the funds' Statements of Additional 
Information under the heading "Shareholder and Trustee Liability." 
In rendering this opinion, I rely on the representation by the trust 
that it or its agent received consideration for the Shares in 
accordance with the Declaration of Trust and I express no opinion 
as to compliance with the Securities Act of 1933, the Investment 
Company Act of 1940 or applicable state "Blue Sky" or securities 
laws in connection with sales of the Shares.
I hereby consent to the filing of this opinion with the Securities and 
Exchange Commission in connection with a Rule 24f-2 Notice 
which you are about to file under the 1940 Act with said 
commission.
Sincerely,
/s/ Arthur S. Loring
Arthur S. Loring
Vice President - Legal