UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 11)*



                            Fidelity Federal Bancorp
                            ------------------------
                                (Name of Issuer)


                                  Common Stock
                                  ------------
                         (Title of Class of Securities)


                                    315921106
                                    ---------
                                 (CUSIP Number)


                                December 31, 2002
                                -----------------
             (Date of Event Which Requires Filing of this Statement)


This Schedule is filed pursuant to Rule 13d-1(b).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                       [Continued on the following pages]

                                Page 1 of 4 Pages



Page 2 of 4 Pages                                             CUSIP #: 315921106
                                                                       ---------
--------------------------------------------------------------------------------
1.  Name of Reporting Person:
      (I.R.S. Identification No. of above person):

      First Financial Fund, Inc.
      13-3341573
--------------------------------------------------------------------------------
2.  Check the appropriate box if a member of a group:
      (a) (   )
      (b) (   )
--------------------------------------------------------------------------------
3.  SEC use only:

--------------------------------------------------------------------------------
4.  Citizenship or Place of Organization:

      Maryland
--------------------------------------------------------------------------------
                                         5.  Sole Voting Power

                                                413,565
                                         ---------------------------------------
      Number of shares                   6.  Shared Voting Power

      beneficially owned by                     0
                                         ---------------------------------------
                                         7.  Sole Dispositive Power
      each Reporting Person with
                                                0
                                         ---------------------------------------
                                         8.  Shared Dispositive Power

                                                413,565
--------------------------------------------------------------------------------
9.  Aggregate amount beneficially owned by each reporting person:

      413,565
--------------------------------------------------------------------------------
10. Check if the aggregate amount in row (9) excludes certain shares:

--------------------------------------------------------------------------------
11. Percent of class represented by amount in row (9):

      6.26%
--------------------------------------------------------------------------------
12. Type of Reporting Person:

      IV



Page 3 of 4 Pages                                             CUSIP #: 315921106
                                                                       ---------
--------------------------------------------------------------------------------
                                  SCHEDULE 13G
                                  ------------
Item 1(a):  Name of Issuer:
---------------------------

      Fidelity Federal Bancorp

Item 1(b):  Address of Issuer's Principal Executive Offices:
------------------------------------------------------------

      18 North West Fourth Street
      Evansville, Indiana 47708

Item 2(a):  Name of Person Filing:
----------------------------------

      First Financial Fund, Inc.

Item 2(b):  Address of Principal Business Office:
-------------------------------------------------

      Gateway Center Three
      100 Mulberry Street, 9th Floor
      Newark, New Jersey 07102-7503

Item 2(c):  Citizenship:
------------------------

      Maryland

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

      Common Stock

Item 2(e):  CUSIP Number:
-------------------------

      320228109

Item 3: Type of Person Filing Pursuant to Sections 240.13d-1(b) or 240.13d-2(b)
        or (c):
        -----------------------------------------------------------------------

      An investment company registered under section 8 of the Investment Company
      Act of 1940 (15 U.S.C 80a-8)

Item 4:  Ownership:
-------------------

      (a)  AMOUNT BENEFICIALLY OWNED:  First Financial Fund, Inc., a registered
           closed-end investment company, may be deemed the beneficial owner of
           413,565 shares of common stock of the Issuer.

      (b)  PERCENT OF CLASS:   6.26%

      (c)  VOTING AND DISPOSITIVE POWER:  First Financial Fund, Inc. has sole
           power to vote or to direct the vote and shared power to dispose or to
           direct the disposition of 413,565 shares of common stock of the
           Issuer.  First Financial Fund, Inc. has shared power to vote or to
           direct the vote and sole power to dispose or to direct the
           disposition of 0 shares of common stock of the Issuer.



Page 4 of 4 Pages                                             CUSIP #: 315921106
                                                                       ---------
--------------------------------------------------------------------------------

                                  SCHEDULE 13G
                                  ------------

Item 5:  Ownership of Five Percent or Less of a Class:
------------------------------------------------------

      Not Applicable

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:
-------------------------------------------------------------------------------

      Not Applicable

Item 8:  Identification and Classification of Members of the Group:
-------------------------------------------------------------------

      Not Applicable

Item 9:  Notice of Dissolution of Group:
----------------------------------------

      Not Applicable

Item 10:  Certification:
------------------------

           By signing below I certify that, to the best of my knowledge and
      belief, the securities referred to above were acquired and are held in the
      ordinary course of business and were not acquired and are not held for the
      purpose of or with the effect of changing or influencing the control of
      the issuer of the securities and were not acquired and are not held in
      connection with or as a participant in any transaction having that purpose
      or effect.

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.

                                         Date:  February 11, 2003


                                         Signature:  /s/ Arthur J. Brown
                                                     ---------------------------
                                         Name/Title:     Arthur J. Brown
                                                         Secretary