Rule 424(b)(3)
                                                 Registration No. 333-16645


      Prospectus Supplement To Prospectus dated December 5, 1996.




                        FIDELITY FEDERAL BANCORP



                      7,500 SHARES OF COMMON STOCK





        McDonald & Company Securities, Inc. ("McDonald") has purchased
in the aggregate 7,500 shares of the Common Stock ("Common Stock") of
Fidelity Federal Bancorp from the following Selling Security Holders:

        Pedcor Investments, a Limited Liability Company        7,500 Shares

        McDonald purchased the Common Stock on December 16, 1996, from
such Selling Security Holder at a net price of $9.50 per share. McDonald
anticipates that it will, from time to time, reoffer the Common Stock
for sale at a price or prices determined by it.  This description of the
particular terms of this sale supplements the description of the
offering set forth in the Prospectus to which this Prospectus Supplement
relates.



                  MCDONALD & COMPANY SECURITIES, INC.





     The date of this Prospectus Supplemental is December 16, 1996.