A young fern leaf about to open up. Fern is a vascular plant that differs from the more primitive lycophytes in having true leaves (megaphylls), and from the more advanced seed plants (gymnosperms and angiosperms) in lacking seeds. Like all vascular plants, it has a life cycle, often referred to as alternation of generations, characterized by a diploid sporophytic and a haploid gametophytic phase. Unlike the gymnosperms and angiosperms, in ferns the gametophyte is a free-living organism. May 14, 2007.