FIDELITY FINANCIAL TRUST
NSAR-A, 1995-07-27
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<PAGE>      PAGE  1
000 A000000 05/31/95
000 C000000 0000708191
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FIDELITY FINANCIAL TRUST
001 B000000 811-3587
001 C000000 6175639002
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 FIDELITY RETIREMENT GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 FIDELITY CONVERTIBLE SECURITIES FUND
007 C030200 N
007 C010300  3
007 C020300 FIDELITY EQUITY-INCOME II FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B00AA01 A
008 C00AA01 801-7884
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02109
008 A00AA02 FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
008 B00AA02 S
008 C00AA02 801-28773
008 D01AA02 LONDON
008 D05AA02 ENGLAND
008 A00AA03 FIDELITY MANAGEMENT & RESEARCH (FAR EAST) INC
008 B00AA03 S
<PAGE>      PAGE  2
008 C00AA03 801-28774
008 D01AA03 TOKYO
008 D05AA03 JAPAN
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
011 B00AA01 8-8775
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
012 A00AA01 FIDELITY SERVICE CO.
012 B00AA01 84-00216
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 PRICE WATERHOUSE, LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA01 8-23292
014 A00AA02 FIDELITY BROKERAGE SERVICES, LTD.
014 B00AA02 8-00000
014 A00AA03 FIDELITY DISTRIBUTORS CORPORATION
014 B00AA03 8-8775
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  221
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY BROKERAGE SERVICES, INC.
020 B000001 04-2653569
020 C000001   2088
020 A000002 GOLDMAN SACHS & CO.
020 B000002 13-5108880
020 C000002    291
020 A000003 BEAR STEARNS & CO. INC.
020 B000003 13-3299429
020 C000003    258
020 A000004 MERRIL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000004 13-5674085
020 C000004    254
020 A000005 WERTHEIM SCHRODER & CO.
020 B000005 13-2697272
020 C000005    208
020 A000006 LEHMAN BROTHERS INC.
020 B000006 13-2518466
020 C000006    195
020 A000007 CJ LAWRENCE MORGAN GRENFEL INC.
020 B000007 00-0000000
020 C000007    126
020 A000008 SALOMON BROTHERS INC.
020 B000008 13-3082694
020 C000008    125
<PAGE>      PAGE  3
020 A000009 COUNTY NATWEST SECURITIES USA
020 B000009 13-5521910
020 C000009    124
020 A000010 FIRST BOSTON CORP. (THE)
020 B000010 13-5659485
020 C000010    116
021  000000     6528
022 A000001 DAIAWA SECURITIES
022 B000001 13-5680329
022 C000001   1608110
022 D000001         0
022 A000002 SALOMON BROTHERS, INC.
022 B000002 13-3082694
022 C000002   1279121
022 D000002    159092
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003    338423
022 D000003    254458
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004    263810
022 D000004    112922
022 A000005 BANK OF AMERICA LOS ANGELES
022 B000005 00-0000000
022 C000005    138047
022 D000005    212000
022 A000006 CITIBANK
022 B000006 00-0000000
022 C000006    110227
022 D000006    111336
022 A000007 SWISS BANK CORP. NEW YORK
022 B000007 00-0000000
022 C000007     99621
022 D000007    100596
022 A000008 MORGAN STANLEY & CO, INC.
022 B000008 13-2655998
022 C000008    115296
022 D000008     60704
022 A000009 MAGELLAN FUND
022 B000009 04-6049970
022 C000009    104228
022 D000009     71626
022 A000010 SWISS BANK CORP., LONDON
022 B000010 00-0000000
022 C000010      9000
022 D000010    162000
023 C000000   14171454
023 D000000  126285418
026 A000000 Y
026 B000000 Y
<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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077 A000000 N
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080 A00AA00 FEDERAL INSURANCE COMPANY
080 B00AA00 NATIONAL UNION INSURANCE COMPANY
080 C00AA00   210000
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015 A000101 BROWN BROTHERS HARRIMAN & CO.
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
055 B000100 N
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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015 A000201 BROWN BROTHERS HARRIMAN & CO.
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
<PAGE>      PAGE  10
015 C030201 02109
015 E010201 X
024  000200 N
025 A000201 DELETE
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<PAGE>      PAGE  11
049  000200 N
050  000200 N
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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015 A000301 CHASE MANHATTAN BANK, N.A.
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASST. TREASURER     
 


<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000708191


<NAME>      Fidelity Financial Trust


<SERIES>

        <NUMBER>        11


        <NAME>      Fidelity Retirement Growth Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

may-31-1995


<INVESTMENTS-AT-COST>

3,314,263


<INVESTMENTS-AT-VALUE>

3,654,383


<RECEIVABLES>

34,098


<ASSETS-OTHER>

0


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

3,688,481


<PAYABLE-FOR-SECURITIES>

55,543


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

33,751


<TOTAL-LIABILITIES>

89,294


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

3,158,966


<SHARES-COMMON-STOCK>

205,468


<SHARES-COMMON-PRIOR>

175,621


<ACCUMULATED-NII-CURRENT>

31,718


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

68,388


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

340,115


<NET-ASSETS>

3,599,187


<DIVIDEND-INCOME>

21,751


<INTEREST-INCOME>

31,961


<OTHER-INCOME>

0


<EXPENSES-NET>

16,962


<NET-INVESTMENT-INCOME>

36,750


<REALIZED-GAINS-CURRENT>

64,644


<APPREC-INCREASE-CURRENT>

193,765


<NET-CHANGE-FROM-OPS>

295,159


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

38,775


<DISTRIBUTIONS-OF-GAINS>

306,471


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

27,475


<NUMBER-OF-SHARES-REDEEMED>

19,005


<SHARES-REINVESTED>

21,377


<NET-CHANGE-IN-ASSETS>

436,367


<ACCUMULATED-NII-PRIOR>

33,743


<ACCUMULATED-GAINS-PRIOR>

310,215


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

12,676


<INTEREST-EXPENSE>

1


<GROSS-EXPENSE>

17,029


<AVERAGE-NET-ASSETS>

3,342,420


<PER-SHARE-NAV-BEGIN>

18.010


<PER-SHARE-NII>

 .180


<PER-SHARE-GAIN-APPREC>

1.270


<PER-SHARE-DIVIDEND>

 .220


<PER-SHARE-DISTRIBUTIONS>

1.720


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

17.520


<EXPENSE-RATIO>

103


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000708191


<NAME>      Fidelity Financial Trust


<SERIES>

        <NUMBER>        21


        <NAME>      Fidelity Convertible Securities Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

may-31-1995


<INVESTMENTS-AT-COST>

938,393


<INVESTMENTS-AT-VALUE>

963,600


<RECEIVABLES>

52,777


<ASSETS-OTHER>

1


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

1,016,378


<PAYABLE-FOR-SECURITIES>

44,548


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

13,759


<TOTAL-LIABILITIES>

58,307


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

912,584


<SHARES-COMMON-STOCK>

58,000


<SHARES-COMMON-PRIOR>

57,786


<ACCUMULATED-NII-CURRENT>

4,098


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

16,143


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

25,246


<NET-ASSETS>

958,071


<DIVIDEND-INCOME>

5,048


<INTEREST-INCOME>

20,316


<OTHER-INCOME>

0


<EXPENSES-NET>

3,228


<NET-INVESTMENT-INCOME>

22,136


<REALIZED-GAINS-CURRENT>

20,490


<APPREC-INCREASE-CURRENT>

31,693


<NET-CHANGE-FROM-OPS>

74,319


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

21,966


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

13,409


<NUMBER-OF-SHARES-REDEEMED>

14,494


<SHARES-REINVESTED>

1,299


<NET-CHANGE-IN-ASSETS>

54,681


<ACCUMULATED-NII-PRIOR>

3,928


<ACCUMULATED-GAINS-PRIOR>

(4,346)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

1,957


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

3,250


<AVERAGE-NET-ASSETS>

920,963


<PER-SHARE-NAV-BEGIN>

15.630


<PER-SHARE-NII>

 .380


<PER-SHARE-GAIN-APPREC>

 .890


<PER-SHARE-DIVIDEND>

 .380


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

16.520


<EXPENSE-RATIO>

71


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000708191


<NAME>      Fidelity Financial Trust


<SERIES>

        <NUMBER>        31


        <NAME>      Fidelity Equity-Income II Fund


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

nov-30-1995


<PERIOD-END>

may-31-1995


<INVESTMENTS-AT-COST>

9,015,059


<INVESTMENTS-AT-VALUE>

9,871,152


<RECEIVABLES>

98,610


<ASSETS-OTHER>

4,067


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

9,973,829


<PAYABLE-FOR-SECURITIES>

99,210


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

42,263


<TOTAL-LIABILITIES>

141,473


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

8,859,254


<SHARES-COMMON-STOCK>

498,714


<SHARES-COMMON-PRIOR>

409,628


<ACCUMULATED-NII-CURRENT>

43,442


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

84,494


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

845,166


<NET-ASSETS>

9,832,356


<DIVIDEND-INCOME>

90,889


<INTEREST-INCOME>

52,616


<OTHER-INCOME>

0


<EXPENSES-NET>

32,623


<NET-INVESTMENT-INCOME>

110,882


<REALIZED-GAINS-CURRENT>

81,302


<APPREC-INCREASE-CURRENT>

844,252


<NET-CHANGE-FROM-OPS>

1,036,436


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

87,066


<DISTRIBUTIONS-OF-GAINS>

351,729


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

127,526


<NUMBER-OF-SHARES-REDEEMED>

62,403


<SHARES-REINVESTED>

23,963


<NET-CHANGE-IN-ASSETS>

2,227,172


<ACCUMULATED-NII-PRIOR>

19,626


<ACCUMULATED-GAINS-PRIOR>

404,647


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

21,983


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

32,949


<AVERAGE-NET-ASSETS>

8,500,203


<PER-SHARE-NAV-BEGIN>

18.570


<PER-SHARE-NII>

 .240


<PER-SHARE-GAIN-APPREC>

1.970


<PER-SHARE-DIVIDEND>

 .200


<PER-SHARE-DISTRIBUTIONS>

 .860


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

19.720


<EXPENSE-RATIO>

78


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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