BLOCK MORTGAGE FINANCE ASSET BACKED CERTIFICATES SER 1998-1
15-15D, 1999-01-29
ASSET-BACKED SECURITIES
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                            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 333-14041-03

TRUST CREATED BY BLOCK MORTGAGE  FINANCE,  INC.  (under a Pooling and Servicing
Agreement  dated as of  January 1,  1998,  which  Trust is the Issuer of Block 
Mortgage Finance Asset Backed Certificates, Series 1998-1)
- --------------------------------------------------------------------------------
           (Exact name of the registrant as specified in its charter)


                    Bankers Trust Company of California, N.A.
                            3 Park Plaza, 16th Floor
                            Irvine, California 92614
   Attention: Block Mortgage Finance Asset Backed Certificates, Series 1998-1
                                 (714) 253-7575
- --------------------------------------------------------------------------------
                  (Address, including zip code, and telephone)

         Block Mortgage Finance Asset Backed Certificates, Series 1998-1
- --------------------------------------------------------------------------------
            (Title of each class of securities covered by this Form)
                                 Not applicable
- --------------------------------------------------------------------------------
(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)(l)(i) ____            Rule 12h-3(b)(l)(i) ____
           Rule 12g-4(a)(l)(ii)____            Rule 12h-3(b)(l)(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:  Less than 50            

      Pursuant to the requirements of the Securities Exchange Act of 1934, TRUST
CREATED BY BLOCK MORTGAGE FINANCE, INC. (under a Pooling and Servicing Agreement
dated as of January 1, 1998, which Trust is the Issuer of Block Mortgage Finance
Asset Backed Certificates,  Series 1998-1) has caused this  certification/notice
to be signed on its behalf by the undersigned duly authorized person.

Date: January 29, 1999    By:      Block  Financial  Corporation,  not  in its
                                   individual capacity,  but solely as a duly 
                                   authorized agent of the  Registrant  pursuant
                                   to Section 8.17 of the Pooling and  Servicing
                                   Agreement,  dated as of January 1, 1998


                                   By: /s/ Bret G. Wilson
                                      ------------------------------------------
                                   Name: Bret G. Wilson
                                        ----------------------------------------
                                   Title: Vice-President
                                         ---------------------------------------

Instruction:  This  form is  required  by Rules  12g-4,  12h-3  and 15d-6 of the
General Rules and  Regulations  under the  Securities  Exchange Act of 1934. The
registrant  shall file with the Commission three copies of Form 15, one of which
shall be manually signed.  It may be signed by an officer of the registrant,  by
counsel or by any other duly authorized person. The name and title of the person
signing the form shall be typed or printed under the signature.




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