FIDELITY FINANCIAL TRUST
NSAR-A, 1999-07-26
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<PAGE>      PAGE  1
000 A000000 05/31/99
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 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA01 8-23292
014 A00AA02 FIDELITY BROKERAGE SERVICES
014 B00AA02 8-00000
014 A00AA03 FIDELITY DISTRIBUTORS CORPORATION
014 B00AA03 8-8775
014 A00AA04 NATIONAL FINANCIAL SERVICE COMPANY
014 B00AA04 8-26740
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  235
019 C00AA00 FIDELITYZZ
020 A000001 NATIONAL FINANCIAL SERVICES CORP.
020 B000001 04-2785576
020 C000001   1970
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002   1187
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000003 13-2741729
020 C000003   1065
020 A000004 CREDIT SUISSE, FIRST BOSTON CORP.
020 B000004 13-5659485
020 C000004   1060
020 A000005 BT ALEX BROWN & SONS, INC.
020 B000005 13-3311934
020 C000005   1059
020 A000006 MORGAN, J.P. SECURITIES
020 B000006 13-3224016
020 C000006   1047
020 A000007 SALOMON, SMITH BARNEY, INC.
020 B000007 13-1912900
020 C000007   1146
020 A000008 DEUTSCHE BANK SECS INC (US)
<PAGE>      PAGE  3
020 B000008 13-2730828
020 C000008    911
020 A000009 NATIONSBANC MONT SECS (EQTY)
020 B000009 00-0000000
020 C000009    906
020 A000010 SCHROEDER & CO., INC.
020 B000010 13-2697272
020 C000010    783
021  000000    18979
022 A000001 TAXABLE CENTRAL CASH FUND
022 B000001 04-3331103
022 C000001   6256968
022 D000001   6152802
022 A000002 SALOMON, SMITH BARNEY, INC.
022 B000002 13-1912900
022 C000002    611896
022 D000002    688324
022 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000003 13-2741729
022 C000003    263828
022 D000003    371257
022 A000004 CONTRAFUND, INC.
022 B000004 04-6056833
022 C000004    383376
022 D000004    221141
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005    348740
022 D000005    254923
022 A000006 MORGAN STANLEY, DEAN WITTER & CO., INC.
022 B000006 13-2655998
022 C000006    157197
022 D000006    393759
022 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000007 13-5674085
022 C000007    194354
022 D000007    310526
022 A000008 INSTINET CORP.
022 B000008 13-3443395
022 C000008    209652
022 D000008    281484
022 A000009 BT ALEX BROWN & SONS, INC.
022 B000009 13-3311934
022 C000009    141455
022 D000009    139375
022 A000010 CREDIT SUISSE, FIRST BOSTON CORP.
022 B000010 13-5659485
022 C000010    153097
022 D000010     81282
023 C000000   10661136
023 D000000   10868515
<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
015 A000201 BROWN BROTHERS HARRIMAN & CO.
015 B000201 C
015 C010201 BOSTON
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015 C030201 02109
015 E010201 X
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025 B000201 04-3331103
025 C000201 D
025 D000201  113958
025 A000202 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000202 13-5674085
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<PAGE>      PAGE  11
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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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<PAGE>      PAGE  15
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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074 T000300 19540270
074 U010300   636676
074 U020300        0
074 V010300    30.69
074 V020300     0.00
074 W000300   0.0000
074 X000300   974642
074 Y000300        0
075 A000300        0
075 B000300 19557247
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>
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<FISCAL-YEAR-END>
nov-30-1999
<PERIOD-END>
may-31-1999
<INVESTMENTS-AT-COST>
4,622,275
<INVESTMENTS-AT-VALUE>
5,287,591
<RECEIVABLES>
234,364
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
5,521,955
<PAYABLE-FOR-SECURITIES>
213,641
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
7,962
<TOTAL-LIABILITIES>
221,603
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
3,917,999
<SHARES-COMMON-STOCK>
251,402
<SHARES-COMMON-PRIOR>
217,000
<ACCUMULATED-NII-CURRENT>
10,070
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
707,007
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
665,276
<NET-ASSETS>
5,300,352
<DIVIDEND-INCOME>
21,158
<INTEREST-INCOME>
4,683
<OTHER-INCOME>
0
<EXPENSES-NET>
14,792
<NET-INVESTMENT-INCOME>
11,049
<REALIZED-GAINS-CURRENT>
773,419
<APPREC-INCREASE-CURRENT>
(173,956)
<NET-CHANGE-FROM-OPS>
610,512
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
30,323
<DISTRIBUTIONS-OF-GAINS>
608,308
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
32,391
<NUMBER-OF-SHARES-REDEEMED>
30,227
<SHARES-REINVESTED>
32,238
<NET-CHANGE-IN-ASSETS>
656,069
<ACCUMULATED-NII-PRIOR>
29,345
<ACCUMULATED-GAINS-PRIOR>
541,896
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
10,821
<INTEREST-EXPENSE>
12
<GROSS-EXPENSE>
16,282
<AVERAGE-NET-ASSETS>
5,170,159
<PER-SHARE-NAV-BEGIN>
21.400
<PER-SHARE-NII>
 .040
<PER-SHARE-GAIN-APPREC>
2.520
<PER-SHARE-DIVIDEND>
 .140
<PER-SHARE-DISTRIBUTIONS>
2.740
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
21.080
<EXPENSE-RATIO>
64





</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-30-1999
<PERIOD-END>
may-31-1999
<INVESTMENTS-AT-COST>
972,673
<INVESTMENTS-AT-VALUE>
1,053,617
<RECEIVABLES>
28,980
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
1,082,597
<PAYABLE-FOR-SECURITIES>
37,434
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,764
<TOTAL-LIABILITIES>
39,198
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
879,660
<SHARES-COMMON-STOCK>
52,728
<SHARES-COMMON-PRIOR>
53,032
<ACCUMULATED-NII-CURRENT>
4,504
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
78,306
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
80,929
<NET-ASSETS>
1,043,399
<DIVIDEND-INCOME>
8,391
<INTEREST-INCOME>
12,064
<OTHER-INCOME>
0
<EXPENSES-NET>
4,167
<NET-INVESTMENT-INCOME>
16,288
<REALIZED-GAINS-CURRENT>
86,153
<APPREC-INCREASE-CURRENT>
42,382
<NET-CHANGE-FROM-OPS>
144,823
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
18,601
<DISTRIBUTIONS-OF-GAINS>
60,281
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
9,475
<NUMBER-OF-SHARES-REDEEMED>
13,787
<SHARES-REINVESTED>
4,008
<NET-CHANGE-IN-ASSETS>
56,562
<ACCUMULATED-NII-PRIOR>
6,817
<ACCUMULATED-GAINS-PRIOR>
80,897
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
2,988
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
4,287
<AVERAGE-NET-ASSETS>
1,030,212
<PER-SHARE-NAV-BEGIN>
18.610
<PER-SHARE-NII>
 .300
<PER-SHARE-GAIN-APPREC>
2.370
<PER-SHARE-DIVIDEND>
 .350
<PER-SHARE-DISTRIBUTIONS>
1.140
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
19.790
<EXPENSE-RATIO>
85





</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-30-1999
<PERIOD-END>
may-31-1999
<INVESTMENTS-AT-COST>
13,944,598
<INVESTMENTS-AT-VALUE>
19,498,929
<RECEIVABLES>
82,315
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
19,581,244
<PAYABLE-FOR-SECURITIES>
12,478
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
28,496
<TOTAL-LIABILITIES>
40,974
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
12,445,436
<SHARES-COMMON-STOCK>
636,676
<SHARES-COMMON-PRIOR>
605,418
<ACCUMULATED-NII-CURRENT>
69,999
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
1,470,880
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
5,553,955
<NET-ASSETS>
19,540,270
<DIVIDEND-INCOME>
163,555
<INTEREST-INCOME>
30,710
<OTHER-INCOME>
0
<EXPENSES-NET>
63,378
<NET-INVESTMENT-INCOME>
130,887
<REALIZED-GAINS-CURRENT>
1,549,023
<APPREC-INCREASE-CURRENT>
(52,371)
<NET-CHANGE-FROM-OPS>
1,627,539
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
99,302
<DISTRIBUTIONS-OF-GAINS>
1,468,613
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
46,296
<NUMBER-OF-SHARES-REDEEMED>
66,329
<SHARES-REINVESTED>
51,291
<NET-CHANGE-IN-ASSETS>
933,917
<ACCUMULATED-NII-PRIOR>
38,414
<ACCUMULATED-GAINS-PRIOR>
1,569,532
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
47,316
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
65,005
<AVERAGE-NET-ASSETS>
19,557,247
<PER-SHARE-NAV-BEGIN>
30.730
<PER-SHARE-NII>
 .200
<PER-SHARE-GAIN-APPREC>
2.340
<PER-SHARE-DIVIDEND>
 .160
<PER-SHARE-DISTRIBUTIONS>
2.420
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
30.690
<EXPENSE-RATIO>
68





</TABLE>


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