UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number 333-03911-04
LEHMAN ABS CORPORATION
(exact name of registrant as specified in its charter)
200 VESEY STREET NEW YORK, NEW YORK 10285
(Address, including zip code and telephone number, including area code,
of registrant's principal executive offices)
FHA TITLE I LOAN ASSET-BACKED CERTIFICATES SERIES 1996-3
(Title of each class of securities covered by this Form)
NONE
(Titles of all other classes of securities for which a duty to file reports
under section 13(a) or 15(d) remains)
Please place an X in the box(es) to designate, the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1)(i) ___ Rule 12h-3(b)(1)(i) ___
Rule 12g-4(a)(1)(ii) ___ Rule 12h-3(b)(1)(ii) ___
Rule 12g-4(a)(2)(i) ___ Rule 12h-3(b)(2)(i) ___
Rule 12g-4(a)(2)(ii) ___ Rule 12h-3(b)(2)(ii) ___
Rule 15d-6 _X_
Approximate number of holders of record
as of the certification or notice date: 72
Pursuant to the requirements of the Securities Exchange Act of 1934 the
registrant has caused this certification/notice to be signed on its behalf
by the undersigned duly authorized person.
Date: 1/30/98 By: /s/ Tina Hatfield
-----------------------
Tina Hatfield
Vice President
U.S. Bank National Association fka
First Bank National Association as Trustee for
FHA TITLE I LOAN ASSET-BACKED CERTIFICATES SERIES 1996-3
