This research aimed to find theme, moral value, and character of ten fantasy stories existing in MELARIN fantasy story collection book published by Mayaza Publishing in 2016. The research method employed was qualitative descriptive one. This method was selected because this study attempted to find and to describe theme, moral value, and character existing in the fantasy story text. The result of research shows that the themes of stories are affection in family, friendliness, patience, good prejudice on fate, responsibility for what has been done, sincerity, and technology that can make some people lazy. The moral values conveyed are it is never late to change into a better person. Today should be better than yesterday. The characters found in the fantasy story consisted of good and evil ones. The good character included discipline, obedience, attentiveness, caring, charitableness, wisdom, patience, helpfulness, smartness, friendliness, solidarity, honesty, sacrifice, hard work, and responsibility. Meanwhile the evil one included stubbornness, bad temper, melancholy, arrogance, greed, envy, spite, and liar.
