<SUBMISSION>
<SECRELEASE-DATETIME>		20070524-125635	 ⇐ Metadata from SEC Info (ET)
<SECWEBSITE-DATETIME>		20070524-125635	 ⇐ Metadata from SEC Info (ET)
<ACCEPTANCE-DATETIME>		20070524-125555	 ⇐ Filing accepted by SEC (ET)
<ACCESSION-NUMBER>		0000875626-07-001173
<TYPE>				3
<PUBLIC-DOCUMENT-COUNT>		2
<PERIOD>			20070524
<FILING-DATE>			20070524
<DATE-OF-FILING-DATE-CHANGE>	20070524

<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>		BOWEN JAMES A
<CIK>				0001241109
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>			3
<ACT>				34
<FILE-NUMBER>			811-22039
<FILM-NUMBER>			07876004
</FILING-VALUES>
<MAIL-ADDRESS>
<STREET1>			C/O FIRST TRUST ADVISORS LP
<STREET2>			1001 WARRENVILLE RD
<CITY>				LISLE
<STATE>				IL
<ZIP>				60532
</MAIL-ADDRESS>
</REPORTING-OWNER>

<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>		FIRST TRUST/GALLATIN SPECIALTY FINANCE &
				FINANCIAL OPPORTUNITIES FUND
<CIK>				0001392994
<IRS-NUMBER>			000000000
<STATE-OF-INCORPORATION>	MA
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>			1001 WARRENVILLE ROAD, SUITE 300
<CITY>				LISLE
<STATE>				IL
<ZIP>				60532
<PHONE>				630-241-4141
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>			1001 WARRENVILLE ROAD, SUITE 300
<CITY>				LISLE
<STATE>				IL
<ZIP>				60532
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>		FIRST TRUST/GALLATIN SPECIALTY FINANCE FUND
<DATE-CHANGED>			20070313
</FORMER-COMPANY>
</ISSUER>

<DOCUMENT>
<TYPE>		3
<SEQUENCE>	1
<FILENAME>	bowen3_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
       Show <XML>: 65 lines (widest: 128 characters) - 3K bytes  
</TEXT>
</DOCUMENT>

<DOCUMENT>
<TYPE>		EX-24
<SEQUENCE>	2
<FILENAME>	poweratty.txt
<DESCRIPTION>	POWER OF ATTORNEY
<TEXT>
       Show <TEXT>: 77 lines (widest: 80 characters) - 5K bytes  
</TEXT>
</DOCUMENT>

</SUBMISSION>