Returning a pointer to a vector element in c++

Return the address of the thing pointed to by the iterator:

&(*iterator)

Edit: To clear up some confusion:

vector <int> vec;          // a global vector of ints

void f() {
   vec.push_back( 1 );    // add to the global vector
   vector <int>::iterator it = vec.begin();
   * it = 2;              // change what was 1 to 2
   int * p = &(*it);      // get pointer to first element
   * p = 3;               // change what was 2 to 3
}

No need for vectors of pointers or dynamic allocation.