Rule:  424(b)(3)
                                                            File No:  333-37231

                PRICING SUPPLEMENT NO. 3 DATED DECEMBER 19, 1997
              (To Prospectus Supplement dated November 10, 1997 and
                       Prospectus dated October 24, 1997)

                           FLEET FINANCIAL GROUP, INC.
                     DUE 9 MONTHS OR MORE FROM DATE OF ISSUE
                                 FIXED RATE NOTE

                    Series L (Senior) [] Series M (Subordinated) [X]



PRINCIPAL AMOUNT:   $25,000,000.00    CUSIP Number:         33900T AN 8

                                                                                       
PRICE TO PUBLIC:    See below         ORIGINAL ISSUE DISCOUNT (OID) NOTE:       [ ] Yes      [X] No
                                      Total Amount of OID:
NET PROCEEDS:       98.25%            Yield to Maturity:
                                      Initial Accrual Period OID:
TRADE DATE:         12/19/97
                                      IF OTHER THAN USD:
ISSUE DATE:         1/8/98            Specified Currency:
                                      Authorized Denominations:
MATURITY DATE:      1/8/13            Option to Receive Payments
                                           in Specified Currency:               [ ] Yes       [ ] No
                                      Place of Payment:
INTEREST RATE:      7.00% per annum

INTEREST PAYMENT DATES: Semi Annually on the 8th of July and January commencing July 8, 1998

RECORD DATES:                       The 23rd of June and December

AGENT:                              Salomon Smith Barney
                                    AGENT'S CAPACITY:  [X] As Principal              []   As Agent
REDEMPTION:
  [ ]       The Notes may not be redeemed prior to maturity.

  [X]       The Notes may be redeemed prior to maturity.


            TERMS OF REDEMPTION:
            The  Notes  will be  subject  to  redemption  at the  option  of the
            Company, in whole, on the Interest Payment Date occurring on January
            8, 2002 and each Interest  Payment Date occurring in July or January
            thereafter  at a  redemption  price  equal to 100% of the  principal
            amount of the Notes upon at least 30 New York  business  days' prior
            notice.

ADDITIONAL TERMS:
The Notes may be sold at varying prices related to prevailing market conditions.

SUBORDINATION:
The Notes will be unsecured and will be  subordinate  and junior in the right of
payment,  to the extent and in the manner set forth in the Indenture dated as of
October 1, 1992, between the Company and The First National Bank of Chicago,  as
trustee,  as amended by a First Supplemental  Indenture dated as of November 30,
1992 (such indenture, as amended, the "Subordinated  Indenture"),  to all Senior
Indebtedness   and  Other  Financial   Obligations   (each  as  defined  in  the
Subordinated  Indenture) of the Company.  The  Subordinated  Indenture  does not
limit the aggregate amount of Senior Indebtedness or Other Financial Obligations
that may be issued or entered  into by the Company.  As of  September  30, 1997,
Senior  Indebtedness and Other Financial  Obligations of the Company  aggregated
approximately  $1.9 billion  (holding  company only).  In addition,  because the
Company is a holding company, the Notes will be effectively  subordinated to all
existing  and  future  liabilities  of  the  Company's  subsidiaries,  including
depositors.