SCHEDULE 13G

Amendment No. 1
Fortune Bancorp
common stock
Cusip # 349630103
Filing Fee: No


Cusip # 349630103
Item 1:   Reporting Person - FMR Corp. - (Tax ID:  04-2507163)
Item 4:   Commonwealth of Massachusetts
Item 5:   15,996
Item 6:   None
Item 7:   15,996
Item 8:   None
Item 9:   15,996
Item 11:  0.29%
Item 12:  HC 




Cusip # 349630103
Item 1:   Reporting Person - Edward C. Johnson 3d - (Tax ID:  ###-##-####)
Item 4:   United States of America
Item 5:   None
Item 6:   None
Item 7:   15,996
Item 8:   None
Item 9:   15,996
Item 11:  0.29%
Item 12:  IN 




SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)


Item 1(a).    Name of Issuer:

         Fortune Bancorp

Item 1(b).    Name of Issuer's Principal Executive Offices:

         16120 US 19 North
         Clearwater, FL  34624-7212

Item 2(a).    Name of Person Filing: 

         FMR Corp.

Item 2(b).    Address or Principal Business Office or, if None, Residence:

         82 Devonshire Street, Boston, Massachusetts  02109

Item 2(c).    Citizenship:

         Not applicable

Item 2(d).    Title of Class of Securities:

         Common Stock

Item 2(e).    CUSIP Number:  

         349630103

Item 3.  This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the
person filing, FMR Corp., is a parent holding company in accordance
with Section 240.13d-1(b)(ii)(G).  (Note:  See Item 7).

Item 4.  Ownership

         (a)  Amount Beneficially Owned:    15,996

         (b)  Percent of Class:   0.29%

         (c)  Number of shares as to which such person has:  

              (i)   sole power to vote or to direct the vote:   15,996

              (ii)  shared power to vote or to direct the vote: None

              (iii) sole power to dispose or to direct the disposition of:
    15,996

              (iv)  shared power to dispose or to direct the disposition
of: None




Item 5.  Ownership of Five Percent or Less of a Class.

         If this statement is being filed to report the fact that as
of the date hereof, the reporting person has ceased to be
the beneficial owner of more than five percent of the class
of securities, check the following (X).

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

         Not applicable.

Item 7.  Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.

         See attached Exhibit(s) A and B.

Item 8.  Identification and Classification of Members of the Group.

         Not applicable, see attached Exhibit A. 

Item 9.  Notice of Dissolution of Group.

         Not applicable.


Item 10. Certification.

         Inasmuch as the reporting persons are no longer the beneficial
owners of more than 5% of the number of shares outstanding, the
reporting persons have no further reporting obligation under
section 13(d) of the Securities and Exchange Commission
thereunder, and the reporting persons have no obligation to amend
this Statement if any material change occurs in the facts set
forth herein.


Signature

         After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct. 



    February 11, 1994   
Date



    /S/Arthur S. Loring
Signature



    Arthur S. Loring, Vice President
    
Name/Title




SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)

    Fidelity Management Trust Company, 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and a bank as
defined in Section 3(a)(6) of the Securities Exchange Act of 1934, is the
beneficial owner of 15,996 shares or 0.29% of the common stock outstanding
of the company as a result of its serving as investment manager of the
institutional account(s).  The number of shares of common stock of Fortune
Bancorp owned by the institutional account(s) at December 31, 1993 included
15,996 shares of common stock resulting from the assumed conversion of
12,000 shares of the 8% Series A Convertible Preferred Stock (1.333  shares
of common stock for each share of the convertible preferred stock).

    FMR Corp., through its control of Fidelity Management Trust Company,
has sole voting and dispositive power over 15,996 Shares of common stock
owned by the institutional account(s) as reported above.

    Edward C. Johnson 3d owns 34.0% of the outstanding voting common stock
of FMR Corp.  Mr. Johnson 3d is Chairman of FMR Corp.  Various Johnson
family members and trusts for the benefit of Johnson family members own FMR
Corp. voting common stock.  These Johnson family members, through their
ownership of voting common stock, form a controlling group with respect to
FMR Corp.



SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)

RULE 13d-1(e)  AGREEMENT

    The undersigned persons, on February 11, 1994, agree and consent to
the joint filing on their behalf of this Schedule 13G in connection with
their beneficial ownership of the common stock of Fortune Bancorp at
December 31, 1993.

    FMR Corp.
    By   /S/Arthur S. Loring
Arthur S. Loring
Vice President - Legal
         Edward C. Johnson 3d
    By   /S/Arthur S. Loring
Arthur S. Loring
Under Power of Attorney
dated 5/17/89
On File with Schedule 13G
for
Airborne Freight Corp.
9/10/91
    Fidelity Management & Research Company
    By   /S/Arthur S. Loring
Arthur S. Loring
Sr. V.P. and General
Counsel