Yes, that is a valid assumption (*).
From the C++03 standard (23.2.4.1):
The elements of a vector are stored
contiguously, meaning that if v is a
vector where T is some
type other than bool, then it obeys
the identity &v[n] == &v[0] + n for
all 0 <= n < v.size().
(*) … but watch out for the array being reallocated (invalidating any pointers and iterators) after adding elements to it.