HOME EQUITY LOAN ASSET BACKED TRUST SERIES SPMD 1998 A
15-15D, 1999-03-10
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                      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 Section 13
               and 15(d) of the Securities Exchange Act of 1934.


                                        Commission File Number  333-51609
                                                                ----------


                               IndyMac ABS, Inc.
- --------------------------------------------------------------------------
            (Exact name of Registrant as specified in its charter)


                             155 North Lake Avenue
                   Pasadena, California 91101 (800) 669-2300
- --------------------------------------------------------------------------
         (Address, including zip code, and telephone number, including
            area code, of Registrant's principal executive offices)

            Home Equity Loan Asset-Backed Trust, Series SPMD 1998-A
        Home Equity Loan Asset-Backed Certificates, Series SPMD 1998-A
- ---------------------------------------------------------------------------
                      (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)(ii) [ ]

                  Rule 12g-4(a)(1)(ii) [ ]    Rule 12h-3(b)(2)(i)  [ ]

                  Rule 12g-4(a)(2)(i)  [ ]    Rule 12h-3(b)(2)(ii) [ ]

                  Rule 12g-4(a)(2)(ii) [ ]    Rule 15d-6           [X]

                  Rule 12h-3(b)(1)(i)  [ ]

     Approximate number of holders of record as of the certification or notice
date:     4

         Pursuant to the requirements of the Securities  Exchange Act of 1934,
IndyMac  ABS,  Inc. has caused this  certification/notice  to be signed on its
behalf by the undersigned duly authorized person.




DATE:   March 10, 1999                             BY:  /s/ John Kim    

                                                              John Kim
                                                              Vice President


<PAGE>


                               BROWN & WOOD LLP
                            One World Trade Center
                           New York, New York 10048
                           Telephone: (212) 839-5300
                           Facsimile: (212) 839-5599



                                                        March 10, 1999

VIA ELECTRONIC FILING
- ---------------------

Filing Desk
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

         Re:    IndyMac ABS, Inc.,
                Home Equity Asset Backed Certificates,
                Series SPMD 1998-A

Dear Sir or Madam:

         On behalf  of  IndyMac  ABS,  Inc.  (the  "Company"),  we are  filing
herewith a Form 15 with  respect to the trust  formed  pursuant to the Pooling
and Servicing  Agreement relating to the  above-referenced  Series of Mortgage
Pass-Through Certificates (which agreement was previously filed by the Company
in a  separate  periodic  report on Form  8-K).  This  Form 15 is being  filed
pursuant to Rule 15d-6 under the  Securities  Exchange Act of 1934, as amended
(the  "Act") in order to  suspend  the  Company's  duty to file  reports  with
respect to such trust under Sections 13 and 15(d) of the Act.

                                              Sincerely,

                                              /s/ Amy Sunshine

                                              Amy Sunshine



Enclosure



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