STATE STREET RESEARCH FINANCIAL TRUST
NSAR-A, 1999-06-28
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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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
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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  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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074 V010300    11.24
074 V020300     0.00
074 W000300   0.0000
074 X000300        5
074 Y000300        0
075 A000300        0
075 B000300    57810
076  000300     0.00
028 A010400       247
028 A020400         0
028 A030400         0
028 A040400       379
028 B010400       264
028 B020400      2424
028 B030400         0
028 B040400       315
028 C010400       120
028 C020400         0
028 C030400         0
028 C040400       365
028 D010400       181
028 D020400         0
028 D030400         0
028 D040400       258
028 E010400       325
028 E020400         0
028 E030400         0
<PAGE>      PAGE  19
028 E040400       293
028 F010400       129
028 F020400         0
028 F030400         0
028 F040400       257
028 G010400      1266
028 G020400      2424
028 G030400         0
028 G040400      1867
028 H000400         0
029  000400 N
030 A000400      0
030 B000400  0.00
030 C000400  0.00
031 A000400      0
031 B000400      0
032  000400      0
033  000400      0
034  000400 N
035  000400      0
036 B000400      0
037  000400 N
038  000400      0
039  000400 N
040  000400 Y
041  000400 N
042 A000400   0
042 B000400   0
042 C000400   0
042 D000400   0
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400   0
043  000400      0
044  000400      0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.600
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
<PAGE>      PAGE  20
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     2500
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   3.1
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400  10.6
062 N000400  22.7
062 O000400   0.0
062 P000400   8.3
062 Q000400  27.3
062 R000400  28.0
063 A000400   0
063 B000400  9.7
064 A000400 N
064 B000400 N
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 Y
067  000400 Y
068 A000400 N
068 B000400 N
069  000400 N
071 A000400     36384
071 B000400     36457
<PAGE>      PAGE  21
071 C000400     35072
071 D000400  104
072 A000400  6
072 B000400      850
072 C000400       56
072 D000400        0
072 E000400        0
072 F000400      108
072 G000400        0
072 H000400        1
072 I000400       36
072 J000400       54
072 K000400        0
072 L000400       11
072 M000400        9
072 N000400        8
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400        8
072 S000400        0
072 T000400        0
072 U000400        4
072 V000400        0
072 W000400        4
072 X000400      242
072 Y000400       79
072 Z000400      743
072AA000400       87
072BB000400        0
072CC010400        0
072CC020400      895
072DD010400      825
072DD020400        0
072EE000400     2274
073 A010400   0.2500
073 A020400   0.0000
073 B000400   0.6900
073 C000400   0.0000
074 A000400      219
074 B000400        0
074 C000400     4147
074 D000400    25265
074 E000400        0
074 F000400    10280
074 G000400        0
074 H000400        0
074 I000400     4936
074 J000400     2246
074 K000400       26
074 L000400      383
<PAGE>      PAGE  22
074 M000400       31
074 N000400    47533
074 O000400     5772
074 P000400       83
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400     4993
074 S000400        0
074 T000400    36685
074 U010400     3498
074 U020400        0
074 V010400    10.49
074 V020400     0.00
074 W000400   0.0000
074 X000400        5
074 Y000400        0
075 A000400        0
075 B000400    36106
076  000400     0.00
SIGNATURE   DOUGLAS A. ROMICH
TITLE       ASSISTANT TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 011
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
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<INVESTMENTS-AT-VALUE>                     760,207,872
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<PAYABLE-FOR-SECURITIES>                   114,772,371
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,081,915
<TOTAL-LIABILITIES>                        121,854,286
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   713,944,119
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<SHARES-COMMON-PRIOR>                       39,669,554
<ACCUMULATED-NII-CURRENT>                    2,757,981
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (15,550,756)
<ACCUM-APPREC-OR-DEPREC>                   (2,495,139)
<NET-ASSETS>                               698,656,205
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,833,048
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,117,995
<NET-INVESTMENT-INCOME>                     19,715,053
<REALIZED-GAINS-CURRENT>                     5,997,750
<APPREC-INCREASE-CURRENT>                 (26,338,849)
<NET-CHANGE-FROM-OPS>                        (626,046)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (15,650,738)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,460,713
<NUMBER-OF-SHARES-REDEEMED>                (9,015,439)
<SHARES-REINVESTED>                            265,544
<NET-CHANGE-IN-ASSETS>                     (9,098,461)
<ACCUMULATED-NII-PRIOR>                      3,653,715
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (21,548,506)
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,144,408
<AVERAGE-NET-ASSETS>                       698,052,714
<PER-SHARE-NAV-BEGIN>                            13.07
<PER-SHARE-NII>                                   0.37
<PER-SHARE-GAIN-APPREC>                         (0.36)
<PER-SHARE-DIVIDEND>                            (0.39)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.69
<EXPENSE-RATIO>                                   1.03
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 012
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                      763,279,080
<INVESTMENTS-AT-VALUE>                     760,207,872
<RECEIVABLES>                               60,238,746
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            63,873
<TOTAL-ASSETS>                             820,510,491
<PAYABLE-FOR-SECURITIES>                   114,772,371
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,081,915
<TOTAL-LIABILITIES>                        121,854,286
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   713,944,119
<SHARES-COMMON-STOCK>                        9,631,866
<SHARES-COMMON-PRIOR>                        9,973,242
<ACCUMULATED-NII-CURRENT>                    2,757,981
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (15,550,756)
<ACCUM-APPREC-OR-DEPREC>                   (2,495,139)
<NET-ASSETS>                               698,656,205
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,833,048
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,117,995
<NET-INVESTMENT-INCOME>                     19,715,053
<REALIZED-GAINS-CURRENT>                     5,997,750
<APPREC-INCREASE-CURRENT>                 (26,338,849)
<NET-CHANGE-FROM-OPS>                        (626,046)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,386,061)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,551,862
<NUMBER-OF-SHARES-REDEEMED>                   (94,507)
<SHARES-REINVESTED>                              4,471
<NET-CHANGE-IN-ASSETS>                     (9,098,461)
<ACCUMULATED-NII-PRIOR>                      3,653,715
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (21,548,506)
<GROSS-ADVISORY-FEES>                        2,040,641
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,144,408
<AVERAGE-NET-ASSETS>                       698,052,714
<PER-SHARE-NAV-BEGIN>                            13.03
<PER-SHARE-NII>                                 (0.32)
<PER-SHARE-GAIN-APPREC>                         (0.36)
<PER-SHARE-DIVIDEND>                            (0.34)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.65
<EXPENSE-RATIO>                                   1.78
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 013
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS S

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                      763,279,080
<INVESTMENTS-AT-VALUE>                     760,207,872
<RECEIVABLES>                               60,238,746
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            63,873
<TOTAL-ASSETS>                             820,510,491
<PAYABLE-FOR-SECURITIES>                   114,772,371
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,081,915
<TOTAL-LIABILITIES>                        121,854,286
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   713,944,119
<SHARES-COMMON-STOCK>                        1,551,115
<SHARES-COMMON-PRIOR>                        2,409,057
<ACCUMULATED-NII-CURRENT>                    2,757,981
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (15,550,756)
<ACCUM-APPREC-OR-DEPREC>                   (2,495,139)
<NET-ASSETS>                               698,656,205
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,833,048
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,117,995
<NET-INVESTMENT-INCOME>                     19,715,053
<REALIZED-GAINS-CURRENT>                     5,997,750
<APPREC-INCREASE-CURRENT>                 (26,338,849)
<NET-CHANGE-FROM-OPS>                        (626,046)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (690,044)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        251,772
<NUMBER-OF-SHARES-REDEEMED>                (1,141,789)
<SHARES-REINVESTED>                             32,075
<NET-CHANGE-IN-ASSETS>                     (9,098,461)
<ACCUMULATED-NII-PRIOR>                      3,653,715
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (21,548,506)
<GROSS-ADVISORY-FEES>                        2,040,641
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,144,408
<AVERAGE-NET-ASSETS>                       698,052,714
<PER-SHARE-NAV-BEGIN>                            13.06
<PER-SHARE-NII>                                   0.37
<PER-SHARE-GAIN-APPREC>                         (0.35)
<PER-SHARE-DIVIDEND>                            (0.40)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.68
<EXPENSE-RATIO>                                   0.78
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 014
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                      763,279,080
<INVESTMENTS-AT-VALUE>                     760,207,872
<RECEIVABLES>                               60,238,746
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            63,873
<TOTAL-ASSETS>                             820,510,491
<PAYABLE-FOR-SECURITIES>                   114,772,371
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,081,915
<TOTAL-LIABILITIES>                        121,854,286
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   713,944,119
<SHARES-COMMON-STOCK>                        2,512,801
<SHARES-COMMON-PRIOR>                        2,121,167
<ACCUMULATED-NII-CURRENT>                    2,757,981
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (15,550,756)
<ACCUM-APPREC-OR-DEPREC>                   (2,495,139)
<NET-ASSETS>                               698,656,205
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,833,048
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,117,995
<NET-INVESTMENT-INCOME>                     19,715,053
<REALIZED-GAINS-CURRENT>                     5,997,750
<APPREC-INCREASE-CURRENT>                 (26,338,849)
<NET-CHANGE-FROM-OPS>                        (626,046)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (779,085)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        869,801
<NUMBER-OF-SHARES-REDEEMED>                (6,341,144)
<SHARES-REINVESTED>                            195,308
<NET-CHANGE-IN-ASSETS>                     (9,098,461)
<ACCUMULATED-NII-PRIOR>                      3,653,715
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (21,548,506)
<GROSS-ADVISORY-FEES>                        2,040,641
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,144,408
<AVERAGE-NET-ASSETS>                       698,052,714
<PER-SHARE-NAV-BEGIN>                            13.04
<PER-SHARE-NII>                                   0.32
<PER-SHARE-GAIN-APPREC>                         (0.37)
<PER-SHARE-DIVIDEND>                            (0.34)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.65
<EXPENSE-RATIO>                                   1.78
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 015
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS B(1)

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                      763,279,080
<INVESTMENTS-AT-VALUE>                     760,207,872
<RECEIVABLES>                               60,238,746
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            63,873
<TOTAL-ASSETS>                             820,510,491
<PAYABLE-FOR-SECURITIES>                   114,772,371
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,081,915
<TOTAL-LIABILITIES>                        121,854,286
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   713,944,119
<SHARES-COMMON-STOCK>                        1,038,396
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    2,757,981
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (15,550,756)
<ACCUM-APPREC-OR-DEPREC>                   (2,495,139)
<NET-ASSETS>                               698,656,205
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,833,048
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,117,995
<NET-INVESTMENT-INCOME>                     19,715,053
<REALIZED-GAINS-CURRENT>                     5,997,750
<APPREC-INCREASE-CURRENT>                 (26,338,849)
<NET-CHANGE-FROM-OPS>                        (626,046)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (104,859)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,128,432
<NUMBER-OF-SHARES-REDEEMED>                   (94,507)
<SHARES-REINVESTED>                              4,471
<NET-CHANGE-IN-ASSETS>                     (9,098,461)
<ACCUMULATED-NII-PRIOR>                      3,653,715
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (21,548,506)
<GROSS-ADVISORY-FEES>                        2,040,641
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,144,408
<AVERAGE-NET-ASSETS>                       698,052,714
<PER-SHARE-NAV-BEGIN>                            12.97
<PER-SHARE-NII>                                   0.20
<PER-SHARE-GAIN-APPREC>                         (0.33)
<PER-SHARE-DIVIDEND>                            (0.22)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.62
<EXPENSE-RATIO>                                   1.72
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 023
   <NAME> STATE STREET RESEARCH STRATEGIC PORTFOLIOS: MODERATE CLASS S

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-20-1999
<INVESTMENTS-AT-COST>                       49,763,653
<INVESTMENTS-AT-VALUE>                      54,659,309
<RECEIVABLES>                                2,356,586
<ASSETS-OTHER>                                  26,191
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              57,042,086
<PAYABLE-FOR-SECURITIES>                     4,699,063
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,090,121
<TOTAL-LIABILITIES>                         11,789,184
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    39,786,367
<SHARES-COMMON-STOCK>                        4,207,148
<SHARES-COMMON-PRIOR>                        3,988,727
<ACCUMULATED-NII-CURRENT>                      512,442
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         30,174
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,923,919
<NET-ASSETS>                                45,252,902
<DIVIDEND-INCOME>                              102,878
<INTEREST-INCOME>                              793,549
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 217,441
<NET-INVESTMENT-INCOME>                        678,986
<REALIZED-GAINS-CURRENT>                       119,206
<APPREC-INCREASE-CURRENT>                    3,428,541
<NET-CHANGE-FROM-OPS>                        4,226,733
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (830,240)
<DISTRIBUTIONS-OF-GAINS>                   (4,706,431)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        188,402
<NUMBER-OF-SHARES-REDEEMED>                  (477,399)
<SHARES-REINVESTED>                            507,418
<NET-CHANGE-IN-ASSETS>                         683,003
<ACCUMULATED-NII-PRIOR>                        663,696
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          144,733
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                360,774
<AVERAGE-NET-ASSETS>                        44,533,231
<PER-SHARE-NAV-BEGIN>                            11.17
<PER-SHARE-NII>                                   0.16
<PER-SHARE-GAIN-APPREC>                           0.86
<PER-SHARE-DIVIDEND>                            (0.21)
<PER-SHARE-DISTRIBUTIONS>                       (1.22)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.76
<EXPENSE-RATIO>                                   1.00
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 033
   <NAME> STATE STREET RESEARCH STRATEGIC PORTFOLIOS: AGGRESSIVE CL. S

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-REDEEMED>                  (527,304)
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<EXPENSE-RATIO>                                   1.10
[AVG-DEBT-OUTSTANDING]                               0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 043
   <NAME> STATE STREET RESEARCH STRATEGIC PORTFOLIOS:CONSERVATIVE CL S

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
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<PAYABLE-FOR-SECURITIES>                     5,771,552
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,076,647
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    34,066,215
<SHARES-COMMON-STOCK>                        3,497,971
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<ACCUMULATED-NII-CURRENT>                      420,027
<OVERDISTRIBUTION-NII>                               0
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (825,337)
<DISTRIBUTIONS-OF-GAINS>                   (2,273,855)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        119,820
<NUMBER-OF-SHARES-REDEEMED>                  (176,715)
<SHARES-REINVESTED>                            235,814
<NET-CHANGE-IN-ASSETS>                         449,000
<ACCUMULATED-NII-PRIOR>                        502,509
<ACCUMULATED-GAINS-PRIOR>                    2,248,412
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          108,318
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                241,532
<AVERAGE-NET-ASSETS>                        36,106,000
<PER-SHARE-NAV-BEGIN>                            10.92
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.49
<EXPENSE-RATIO>                                   0.90
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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