STATE STREET RESEARCH FINANCIAL TRUST
NSAR-B, 1999-04-29
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<PAGE>      PAGE  1
000 B000000 02/28/99
000 C000000 0000806390
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STATE STREET RESEARCH FINANCIAL TRUST
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001 C000000 6173571200
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
002 D020000 2690
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010500  5
007 C020500 SSR INTELLIQUANT PORTFOLIOS: SMALL-CAP VALUE
007 C030500 N
008 A00AA01 STATE STREET RESEARCH & MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-18538
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02111
008 D04AA01 2690
011 A00AA01 STATE STREET RESEARCH INVESTMENT SERVICES INC
011 B00AA01 8-2646868
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02111
011 C04AA01 2690
012 A00AA01 STATE STREET RESEARCH SERVICE CENTER
012 B00AA01 85-26468
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02111
012 C04AA01 2690
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA02 STATE STREET RESEARCH INVESTMENT SERVICES INC
014 B00AA02 8-35442
<PAGE>      PAGE  2
014 A00AA04 METROPOLITAN LIFE INSURANCE COMPANY
014 B00AA04 8-14901
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   24
019 C00AA00 STATESTRES
020 A000001 MORGAN STANLEY & CO., INC.
020 B000001 13-2655998
020 C000001     15
020 A000002 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000002 13-2741729
020 C000002      8
020 A000003 SMITH BARNEY
020 B000003 13-1912900
020 C000003      8
020 A000004 LEHMAN BROTHERS INC.
020 B000004 13-2518466
020 C000004      7
020 A000005 PAINEWEBBER INC.
020 B000005 13-2638166
020 C000005      7
020 A000006 ABEL/NOSER CORP.
020 B000006 13-2833083
020 C000006      6
020 A000007 CIBC OPPENHEIMER CORP.
020 B000007 13-2798343
020 C000007      6
020 A000008 BERNSTEIN (SANFORD C.) & CO. INC.
020 B000008 13-2625874
020 C000008      5
020 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000009 13-5674085
020 C000009      5
020 A000010 PRUDENTIAL SECURITIES INC.
020 B000010 2202347336
020 C000010      3
021  000000      186
022 A000001 AMERICAN EXPRESS CREDIT CORP.
022 C000001    658789
022 D000001         0
022 A000002 FORD MOTOR CREDIT CORP.
022 C000002    539620
022 D000002         0
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
<PAGE>      PAGE  3
022 C000003    436422
022 D000003       220
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004    323196
022 D000004        18
022 A000005 HOUSEHOLD FINANCE CORP.
022 C000005    243711
022 D000005         0
022 A000006 CS FIRST BOSTON CORP.
022 C000006    159083
022 D000006         0
022 A000007 JOHN DEERE & CO.
022 C000007    132255
022 D000007         0
022 A000008 ASSOCIATES CORP. OF NORTH AMERICA
022 C000008    115159
022 D000008         0
022 A000009 COMMERCIAL CREDIT CORP.
022 C000009     91577
022 D000009         0
022 A000010 CHEVRON OIL FINANCE CORP.
022 C000010     86409
022 D000010         0
023 C000000    3206371
023 D000000        243
024  00AA00 N
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
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026 F000000 N
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026 G020000 N
026 H000000 N
027  000000 Y
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031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 Y
035  00AA00      0
036 A00AA00 N
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
041  00AA00 Y
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00 100
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      4
044  00AA00      0
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047  00AA00 Y
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050  00AA00 N
051  00AA00 N
052  00AA00 N
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053 B00AA00 Y
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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
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055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
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060 A00AA00 Y
060 B00AA00 Y
061  00AA00     2500
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062 C00AA00   0.0
<PAGE>      PAGE  6
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062 E00AA00   0.0
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063 B00AA00  0.0
066 A00AA00 Y
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066 C00AA00 Y
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066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
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<PAGE>      PAGE  7
070 L02AA00 N
070 M01AA00 Y
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
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077 D000000 N
077 E000000 N
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077 K000000 N
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077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 FEDERAL INSURANCE CO.
080 C00AA00    25000
081 A00AA00 Y
081 B00AA00  35
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
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085 A00AA00 Y
085 B00AA00 N
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086 C020000      0
<PAGE>      PAGE  8
086 D010000      0
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071 A000500      4959
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<PAGE>      PAGE  9
074 E000500        0
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074 J000500        0
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074 L000500        6
074 M000500       16
074 N000500     4845
074 O000500        0
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074 R030500        0
074 R040500       22
074 S000500        0
074 T000500     4772
074 U010500      534
074 U020500        0
074 V010500     8.95
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074 W000500   0.0000
074 X000500        3
074 Y000500        0
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075 B000500     4874
076  000500     0.00
SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 051
   <NAME> SSR INTELLIQUANT PORTFOLIOS: SMALL-CAP VALUE - CLASS A
       
<S>                             <C>
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<FISCAL-YEAR-END>                          FEB-28-1999
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 055
   <NAME> SSR INTELLIQUANT PORTFOLIOS: SMALL-CAP VALUE CLASS B(1)
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
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   <NUMBER> 052
   <NAME> SSR INTELLIQUANT PORTFOLIOS: SMALL-CAP VALUE CLASS B
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 054
   <NAME> SSR INTELLIQUANT PORTFOLIOS: SMALL-CAP VALUE - CLASS C
       
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
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   <NAME> SSR INTELLIQUANT PORTFOLIOS:SMALL CAP VALUE - CLASS S
       
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