RULE:  424(b)3
                                                            FILE NO: 333-00701
 
["Fleet Financial Group" logo]
 
                 PRICING SUPPLEMENT NO. 1 DATED MARCH 28, 1996
                 (TO PROSPECTUS SUPPLEMENT DATED MARCH 27, 1996
                      AND PROSPECTUS DATED MARCH 25, 1996)

                          FLEET FINANCIAL GROUP, INC.
                      RETAIL MEDIUM-TERM NOTESM SECURITIES
                    DUE 9 MONTHS OR MORE FROM DATE OF ISSUE
                                FIXED RATE NOTE
                                ---------------
          SERIES J (SENIOR) [ ]      SERIES K (SUBORDINATED) [X]
 
Principal Amount:  $15,000,000.00   ORIGINAL ISSUE DISCOUNT NOTE: Yes [ ] NO [X]
                                    Total Amount Of OID
Price to Issuer:   97.75%           Yield to Maturity
                                    Initial Accrual Period OID:
Trade Date:        March 28, 1996

Issue Date:        April 15, 1996   IF OTHER THAN USD:
                                    Specified Currency:
Maturity Date:     April 15, 2011   Authorized Denominations:
                                    Option to Receive Payments in Specified
Interest Rate:     7.30%            Currency:
                                    [ ] Yes  [ ] NO
                                    Place of Payment:
 
INTEREST PAYMENT DATES:

Monthly on the 15th of each month commencing May 15, 1996.
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AGENT: SMITH BARNEY

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 April 15, 2000 and each Interest
Payment Date occurring in April or October and thereafter at a redemption price
equal to 100% of the principal amount of the Notes upon at least 30 days notice.
 
ADDITIONAL TERMS:

The Notes may be sold at varying prices related to prevailing market conditions.
 
 FLEET FINANCIAL GROUP, INC. FLEET CENTER, 75 STATE ST., P.O. BOX 2197, BOSTON,
                     MASSACHUSETTS 02106-2197 617-346-4000