<PAGE> PAGE 1
000 A000000 05/31/98
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 6175631413
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 COMPANY, INC.
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 02109
014 A00AA01 FIDELITY BROKERAGE SERVICES
014 B00AA01 8-23292
014 A00AA02 FIDELITY BROKERAGE SERVICES, JAPAN LLC
014 B00AA02 8-00000
014 A00AA03 FIDELITY DISTRIBUTORS CORPORATION
014 B00AA03 8-8775
014 A00AA04 NATIONAL FINANCIAL SERVICES CORPORATION
014 B00AA04 8-26740
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 228
019 C00AA00 FIDELITYZZ
020 A000001 FIDELITY BROKERAGE SERVICES, INC.
020 B000001 04-2653569
020 C000001 2153
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
020 C000002 863
020 A000003 CREDIT SUISSE FIRST BOSTON CORP.
020 B000003 13-5659485
020 C000003 830
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004 701
020 A000005 MERRILL, PIERCE, FENNER & SMITH, INC.
020 B000005 13-5674085
020 C000005 671
020 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000006 13-2741729
020 C000006 626
020 A000007 NATIONSBANC MONT. SECURITIES
020 B000007 00-0000000
020 C000007 576
020 A000008 BT ALEX. BROWN INC.
<PAGE> PAGE 3
020 B000008 52-1319768
020 C000008 509
020 A000009 SCHRODER & CO., INC.
020 B000009 13-2697272
020 C000009 443
020 A000010 SANFORD C. BERNSTEIN & CO., INC.
020 B000010 13-2625874
020 C000010 432
021 000000 13901
022 A000001 TAXABLE CENTRAL CASH FUND
022 B000001 04-3331103
022 C000001 3469492
022 D000001 4207246
022 A000002 SMITH BARNEY, INC.
022 B000002 13-1912900
022 C000002 335022
022 D000002 317179
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003 202605
022 D000003 296386
022 A000004 CONTRAFUND INC.
022 B000004 04-0656833
022 C000004 287597
022 D000004 181720
022 A000005 MERRIL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000005 13-5674085
022 C000005 216665
022 D000005 179188
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 119919
022 D000006 272934
022 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000007 13-2741729
022 C000007 157745
022 D000007 103924
022 A000008 CREDIT SUISSE FIRST BOSTON CORP.
022 B000008 13-5659485
022 C000008 129396
022 D000008 95832
022 A000009 LEHMAN BROS. INC.
022 B000009 13-2518466
022 C000009 114781
022 D000009 84305
022 A000010 DEUTSCHE MORGAN GRENFELL INC.
022 B000010 13-2730828
022 C000010 53650
022 D000010 132940
023 C000000 6468794
023 D000000 7477217
<PAGE> PAGE 4
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
045 00AA00 Y
046 00AA00 N
047 00AA00 N
048 00AA00 0.000
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
<PAGE> PAGE 5
048 K02AA00 0.000
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
077 A000000 N
078 000000 N
080 A00AA00 AMERICAN INTERNATIONAL SPECIALTY LINES INS.CO
080 B00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00 220000
081 B00AA00 0
082 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
015 A000101 BROWN BROTHERS HARRIMAN & CO.
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02109
015 E010101 X
024 000100 Y
025 A000101 TAXABLE CENTRAL CASH FUND
025 B000101 04-3331103
025 C000101 D
025 D000101 142737
025 A000102 CREDIT SUISSE GROUP
025 B000102 13-5659485
025 C000102 E
025 D000102 41947
025 A000103 DELETE
<PAGE> PAGE 6
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 37034
028 A020100 690175
028 A030100 0
028 A040100 131652
028 B010100 54173
028 B020100 0
028 B030100 0
028 B040100 102286
028 C010100 94716
028 C020100 0
028 C030100 0
028 C040100 89333
028 D010100 96021
028 D020100 0
028 D030100 0
028 D040100 133050
028 E010100 103618
028 E020100 12
028 E030100 0
028 E040100 89734
028 F010100 75589
028 F020100 0
028 F030100 0
028 F040100 100890
028 G010100 461151
028 G020100 690187
028 G030100 0
028 G040100 646945
028 H000100 0
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
049 000100 N
050 000100 N
051 000100 Y
052 000100 Y
053 A000100 Y
053 B000100 Y
<PAGE> PAGE 7
053 C000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 2500
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
<PAGE> PAGE 8
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 5059626
071 B000100 5243092
071 C000100 4203745
071 D000100 120
072 A000100 6
072 B000100 2697
072 C000100 17255
072 D000100 0
072 E000100 0
072 F000100 8703
072 G000100 0
072 H000100 0
072 I000100 3863
072 J000100 165
072 K000100 0
072 L000100 0
072 M000100 19
072 N000100 96
072 O000100 0
072 P000100 0
072 Q000100 406
072 R000100 39
072 S000100 15
072 T000100 0
072 U000100 0
<PAGE> PAGE 9
072 V000100 0
072 W000100 7
072 X000100 13313
072 Y000100 822
072 Z000100 7461
072AA000100 435575
072BB000100 0
072CC010100 204939
072CC020100 0
072DD010100 25385
072DD020100 0
072EE000100 665849
073 A010100 0.1300
073 A020100 0.0000
073 B000100 3.4100
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 4365988
074 G000100 0
074 H000100 0
074 I000100 142737
074 J000100 67782
074 K000100 0
074 L000100 11777
074 M000100 1634
074 N000100 4589918
074 O000100 97864
074 P000100 1584
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 15658
074 S000100 0
074 T000100 4474812
074 U010100 227743
074 U020100 0
074 V010100 19.65
074 V020100 0.00
074 W000100 0.0000
074 X000100 262694
074 Y000100 0
075 A000100 0
075 B000100 4300242
076 000100 0.00
083 B000100 0
084 B000100 0
<PAGE> PAGE 10
015 A000201 BROWN BROTHERS HARRIMAN & CO.
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02109
015 E010201 X
024 000200 Y
025 A000201 TAXABLE CENTRAL CASH FUND
025 B000201 04-3331103
025 C000201 D
025 D000201 31856
025 A000202 CREDIT SUISSE GROUP
025 B000202 13-5659485
025 C000202 E
025 D000202 4173
025 A000203 MERRIL, PIERCE, FENNER & SMITH, INC.
025 B000203 13-5674085
025 C000203 E
025 D000203 3557
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 16972
028 A020200 93598
028 A030200 0
028 A040200 39943
028 B010200 28245
028 B020200 3786
028 B030200 0
028 B040200 49402
028 C010200 53565
028 C020200 0
028 C030200 0
028 C040200 53344
028 D010200 44287
028 D020200 7711
028 D030200 0
028 D040200 51814
028 E010200 41454
028 E020200 0
028 E030200 0
028 E040200 40812
028 F010200 41661
028 F020200 0
028 F030200 0
028 F040200 51017
028 G010200 226184
028 G020200 105095
028 G030200 0
<PAGE> PAGE 11
028 G040200 286332
028 H000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
049 000200 N
050 000200 N
051 000200 Y
052 000200 Y
053 A000200 Y
053 B000200 Y
053 C000200 N
055 A000200 N
055 B000200 Y
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 2500
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
<PAGE> PAGE 12
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 Y
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 1436784
071 B000200 1439574
071 C000200 1033955
071 D000200 139
072 A000200 6
072 B000200 10933
072 C000200 8855
<PAGE> PAGE 13
072 D000200 0
072 E000200 0
072 F000200 2388
072 G000200 0
072 H000200 0
072 I000200 1029
072 J000200 14
072 K000200 0
072 L000200 0
072 M000200 3
072 N000200 49
072 O000200 0
072 P000200 4
072 Q000200 241
072 R000200 26
072 S000200 4
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 3
072 X000200 3761
072 Y000200 67
072 Z000200 16094
072AA000200 82613
072BB000200 0
072CC010200 39889
072CC020200 0
072DD010200 16058
072DD020200 0
072EE000200 95599
073 A010200 0.3000
073 A020200 0.0000
073 B000200 1.8400
073 C000200 0.0000
074 A000200 0
074 B000200 2457
074 C000200 0
074 D000200 436322
074 E000200 400306
074 F000200 251304
074 G000200 0
074 H000200 0
074 I000200 31856
074 J000200 46343
074 K000200 0
074 L000200 7633
074 M000200 61
074 N000200 1176282
074 O000200 30245
074 P000200 492
074 Q000200 0
<PAGE> PAGE 14
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 44201
074 S000200 0
074 T000200 1101344
074 U010200 55512
074 U020200 0
074 V010200 19.84
074 V020200 0.00
074 W000200 0.0000
074 X000200 60908
074 Y000200 0
075 A000200 0
075 B000200 1062854
076 000200 0.00
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
015 A000301 CHASE MANHATTAN BANK, N.A.
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10081
015 E010301 X
024 000300 Y
025 A000301 TAXABLE CENTRAL CASH FUND
025 B000301 04-3331103
025 C000301 D
025 D000301 450866
025 A000302 MORGAN STANLEY & CO., INC.
025 B000302 13-2655998
025 C000302 E
025 D000302 81684
025 A000303 CREDIT SUISSE GROUP
025 B000303 13-5659485
025 C000303 E
025 D000303 65887
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 230670
028 A020300 1450051
028 A030300 0
028 A040300 363827
028 B010300 203683
<PAGE> PAGE 15
028 B020300 262515
028 B030300 0
028 B040300 357941
028 C010300 219877
028 C020300 0
028 C030300 0
028 C040300 359757
028 D010300 265113
028 D020300 42305
028 D030300 0
028 D040300 335173
028 E010300 285477
028 E020300 0
028 E030300 0
028 E040300 336214
028 F010300 164275
028 F020300 0
028 F030300 0
028 F040300 251165
028 G010300 1369095
028 G020300 1754871
028 G030300 0
028 G040300 2004077
028 H000300 0
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 0
044 000300 0
049 000300 N
050 000300 N
051 000300 N
052 000300 Y
053 A000300 Y
053 B000300 Y
053 C000300 N
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 2500
062 A000300 N
<PAGE> PAGE 16
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 Y
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
<PAGE> PAGE 17
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 Y
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 5178914
071 B000300 5007060
071 C000300 17194973
071 D000300 29
072 A000300 6
072 B000300 19657
072 C000300 156253
072 D000300 0
072 E000300 0
072 F000300 43715
072 G000300 0
072 H000300 0
072 I000300 15390
072 J000300 193
072 K000300 0
072 L000300 0
072 M000300 62
072 N000300 85
072 O000300 0
072 P000300 6
072 Q000300 422
072 R000300 57
072 S000300 57
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 34
072 X000300 60021
072 Y000300 1470
072 Z000300 117359
072AA000300 1114301
072BB000300 0
072CC010300 1305891
072CC020300 0
072DD010300 95633
072DD020300 0
<PAGE> PAGE 18
072EE000300 1714017
073 A010300 0.1600
073 A020300 0.0000
073 B000300 2.9400
073 C000300 0.0000
074 A000300 420
074 B000300 0
074 C000300 0
074 D000300 256885
074 E000300 31959
074 F000300 17780328
074 G000300 0
074 H000300 0
074 I000300 450866
074 J000300 78465
074 K000300 0
074 L000300 52104
074 M000300 0
074 N000300 18651027
074 O000300 116460
074 P000300 7621
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 28742
074 S000300 0
074 T000300 18498204
074 U010300 621424
074 U020300 0
074 V010300 29.77
074 V020300 0.00
074 W000300 0.0000
074 X000300 938764
074 Y000300 0
075 A000300 0
075 B000300 17807422
076 000300 0.00
083 B000300 0
084 B000300 0
SIGNATURE JOHN H. COSTELLO
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000708191
<NAME> Fidelity Financial Trust
<SERIES>
<NUMBER> 1
<NAME> Fidelity Retirement Growth Fund
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
nov-30-1998
<PERIOD-END>
may-31-1998
<INVESTMENTS-AT-COST>
3,869,616
<INVESTMENTS-AT-VALUE>
4,508,725
<RECEIVABLES>
79,559
<ASSETS-OTHER>
1,634
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
4,589,918
<PAYABLE-FOR-SECURITIES>
97,864
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
17,242
<TOTAL-LIABILITIES>
115,106
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
3,432,934
<SHARES-COMMON-STOCK>
227,743
<SHARES-COMMON-PRIOR>
196,091
<ACCUMULATED-NII-CURRENT>
7,415
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
395,383
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
639,080
<NET-ASSETS>
4,474,812
<DIVIDEND-INCOME>
17,255
<INTEREST-INCOME>
2,697
<OTHER-INCOME>
0
<EXPENSES-NET>
12,491
<NET-INVESTMENT-INCOME>
7,461
<REALIZED-GAINS-CURRENT>
435,575
<APPREC-INCREASE-CURRENT>
204,939
<NET-CHANGE-FROM-OPS>
647,975
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
25,385
<DISTRIBUTIONS-OF-GAINS>
665,849
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
24,057
<NUMBER-OF-SHARES-REDEEMED>
34,592
<SHARES-REINVESTED>
42,187
<NET-CHANGE-IN-ASSETS>
461,134
<ACCUMULATED-NII-PRIOR>
25,339
<ACCUMULATED-GAINS-PRIOR>
625,657
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
8,703
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
13,313
<AVERAGE-NET-ASSETS>
4,300,242
<PER-SHARE-NAV-BEGIN>
20.470
<PER-SHARE-NII>
.030
<PER-SHARE-GAIN-APPREC>
2.690
<PER-SHARE-DIVIDEND>
.130
<PER-SHARE-DISTRIBUTIONS>
3.410
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
19.650
<EXPENSE-RATIO>
63
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000708191
<NAME> Fidelity Financial Trust
<SERIES>
<NUMBER> 2
<NAME> Fidelity Convertible Securities Fund
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
nov-30-1998
<PERIOD-END>
may-31-1998
<INVESTMENTS-AT-COST>
1,004,338
<INVESTMENTS-AT-VALUE>
1,122,245
<RECEIVABLES>
53,976
<ASSETS-OTHER>
61
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
1,176,282
<PAYABLE-FOR-SECURITIES>
30,245
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
44,693
<TOTAL-LIABILITIES>
74,938
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
905,171
<SHARES-COMMON-STOCK>
55,512
<SHARES-COMMON-PRIOR>
52,606
<ACCUMULATED-NII-CURRENT>
4,673
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
73,589
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
117,911
<NET-ASSETS>
1,101,344
<DIVIDEND-INCOME>
8,855
<INTEREST-INCOME>
10,933
<OTHER-INCOME>
0
<EXPENSES-NET>
3,694
<NET-INVESTMENT-INCOME>
16,094
<REALIZED-GAINS-CURRENT>
82,613
<APPREC-INCREASE-CURRENT>
39,889
<NET-CHANGE-FROM-OPS>
138,596
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
16,058
<DISTRIBUTIONS-OF-GAINS>
95,599
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
11,761
<NUMBER-OF-SHARES-REDEEMED>
15,045
<SHARES-REINVESTED>
6,190
<NET-CHANGE-IN-ASSETS>
71,886
<ACCUMULATED-NII-PRIOR>
8,396
<ACCUMULATED-GAINS-PRIOR>
108,501
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
2,388
<INTEREST-EXPENSE>
4
<GROSS-EXPENSE>
3,761
<AVERAGE-NET-ASSETS>
1,062,854
<PER-SHARE-NAV-BEGIN>
19.570
<PER-SHARE-NII>
.290
<PER-SHARE-GAIN-APPREC>
2.120
<PER-SHARE-DIVIDEND>
.300
<PER-SHARE-DISTRIBUTIONS>
1.840
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
19.840
<EXPENSE-RATIO>
72
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000708191
<NAME> Fidelity Financial Trust
<SERIES>
<NUMBER> 3
<NAME> Fidelity Equity-Income II Fund
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
nov-30-1998
<PERIOD-END>
may-31-1998
<INVESTMENTS-AT-COST>
12,996,708
<INVESTMENTS-AT-VALUE>
18,520,038
<RECEIVABLES>
130,989
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
18,651,027
<PAYABLE-FOR-SECURITIES>
116,460
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
36,363
<TOTAL-LIABILITIES>
152,823
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
11,824,097
<SHARES-COMMON-STOCK>
621,424
<SHARES-COMMON-PRIOR>
577,900
<ACCUMULATED-NII-CURRENT>
47,205
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
1,103,627
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
5,523,275
<NET-ASSETS>
18,498,204
<DIVIDEND-INCOME>
156,253
<INTEREST-INCOME>
19,657
<OTHER-INCOME>
0
<EXPENSES-NET>
58,551
<NET-INVESTMENT-INCOME>
117,359
<REALIZED-GAINS-CURRENT>
1,114,301
<APPREC-INCREASE-CURRENT>
1,305,891
<NET-CHANGE-FROM-OPS>
2,537,551
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
95,633
<DISTRIBUTIONS-OF-GAINS>
1,714,017
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
47,772
<NUMBER-OF-SHARES-REDEEMED>
70,430
<SHARES-REINVESTED>
66,182
<NET-CHANGE-IN-ASSETS>
1,847,822
<ACCUMULATED-NII-PRIOR>
25,479
<ACCUMULATED-GAINS-PRIOR>
1,905,337
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
43,715
<INTEREST-EXPENSE>
6
<GROSS-EXPENSE>
60,021
<AVERAGE-NET-ASSETS>
17,807,422
<PER-SHARE-NAV-BEGIN>
28.810
<PER-SHARE-NII>
.190
<PER-SHARE-GAIN-APPREC>
3.870
<PER-SHARE-DIVIDEND>
.160
<PER-SHARE-DISTRIBUTIONS>
2.940
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
29.770
<EXPENSE-RATIO>
69
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
