A full color organic light emitting display device (OLED) and a method of fabricating the same are provided. The OLED includes an element substrate and an encapsulating substrate. The element substrate includes a color filter layer or a color conversion layer, as well as an organic layer with an emission layer that emits light of a single color. The encapsulating substrate includes a color filter or a color conversion layer and a moisture absorbent, and a the color filter or color conversion layer corresponds to the emission region. Accordingly, there is no need to have a separate process for the moisture absorbent and the color filter layer or the color conversion layer may be formed without using a shadow mask, so that a high resolution OLED may be advantageously realized.