CONTIMORTGAGE HOME EQUITY TRUST 1998-1
15-15D, 1999-01-29
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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 33-339505

                   ContiMortgage Home Equity Loan Trust 1998-1
             (Exact name of registrant as specified in its charter)

      277 Park Avenue, 38th Floor, New York, New York 10172  (212) 207-2800
    (Address, including zip code, and telephone number, including area code,
                  of registrant's principle executive offices)

                        See Schedule - A attached hereto
            (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:

            X - Section 15 (d) of the Securities Exchange Act of 1934
            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

     Approximate  number of holders of record as of the  certification or notice
date: See Schedule A attached hereto

     Pursuant to the  requirements of the Securities  Exchange Act of 1934 (Name
of registrant as specified in charter) has caused this  certification/notice  to
be signed on its behalf by the undersigned duly authorized person.

Date:     January 29, 1999                       By:    /s/ Joy B. Tolbert
      ----------------------------                   ---------------------------
                                                            Joy B. Tolbert
                                                            Vice President and 
                                                            Assistant Secretary

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.


<PAGE>


                              Schedule A to Form 15


                                                     Number of Holders of Record
Trust Name                                              as of January 4, 1999
- ----------                                           ---------------------------

ContiMortgage Home Equity Loan Trust 1998-1
     Class A-1                                                   0
     Class A-2                                                  15
     Class A-3                                                  24
     Class A-4                                                  18
     Class A-5                                                  35
     Class A-6                                                  25
     Class A-7                                                  10
     Class A-8                                                  11
     Class A-9                                                   2
     Class A-10I0                                                1
     Class B                                                     4



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