0000754510-05-000002 Sample Contracts

SUB-ADVISORY AGREEMENT between FIDELITY MANAGEMENT & RESEARCH COMPANY and FIDELITY MANAGEMENT & RESEARCH (U.K.) INC. and FIDELITY SECURITIES FUND ON BEHALF OF FIDELITY SMALL CAP VALUE FUND
Sub-Advisory Agreement • January 28th, 2005 • Fidelity Securities Fund • Massachusetts

AGREEMENT made this 16th day of September, 2004, by and between Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the "Advisor"); Fidelity Management & Research (U.K.) Inc. (hereinafter called the "Sub-Advisor"); and Fidelity Securities Fund, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Trust") on behalf of Fidelity Small Cap Value Fund (hereinafter called the "Portfolio").

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MANAGEMENT CONTRACT between FIDELITY SECURITIES FUND: FIDELITY SMALL CAP GROWTH FUND and FIDELITY MANAGEMENT & RESEARCH COMPANY
Management Contract • January 28th, 2005 • Fidelity Securities Fund • Massachusetts

AGREEMENT made this 16th day of September, 2004, by and between Fidelity Securities Fund, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Fund"), on behalf of Fidelity Small Cap Growth Fund (hereinafter called the "Portfolio"), and Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the "Adviser") as set forth in its entirety below.

GENERAL DISTRIBUTION AGREEMENT between FIDELITY SECURITIES FUND and FIDELITY DISTRIBUTORS CORPORATION
General Distribution Agreement • January 28th, 2005 • Fidelity Securities Fund • Massachusetts

Agreement made this 16th day of September, 2004, between Fidelity Securities Fund, a Massachusetts business trust having its principal place of business in Boston, Massachusetts and which may issue one or more series of beneficial interest ("Issuer"), with respect to shares of Fidelity Small Cap Value Fund, a series of the Issuer, and Fidelity Distributors Corporation, a Massachusetts corporation having its principal place of business in Boston, Massachusetts ("Distributors").

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