PROVIDIAN CORP
15-15D, 1997-10-22
LIFE INSURANCE
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               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549

                         ---------------

                             FORM 15

   Certificate 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 
        or 15(d) of the Securities Exchange Act of 1934.

Commission File Number 1-6701


                      PROVIDIAN CORPORATION
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     (Exact name of registrant as specified in its charter)


                     400 West Market Street
                   Louisville, Kentucky  40202
                         (502) 560-2000
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  (Address, including zip code, and telephone number, including
     area code, of registrant's principal executive offices)


                         Debt Securities
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    (Title of each class of securities covered by this Form)


    Backup Undertakings Delivered by Providian Corporation in
      Connection with the Issuance by Providian LLC (f/k/a
       Capital Holding LLC), a Wholly-Owned Subsidiary of
       Providian Corporation, of 8 7/8% Cumulative Monthly
 Income Preferred Shares (Liquidation Preference $25 per share)
- -----------------------------------------------------------------
   (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             [ ]
     Rule 12h-3(b)(1)(i)    [X]

     Approximate number of holders of record as of the
certification or notice date:      77
                               ----------

<PAGE>
     Pursuant to the requirements of the Securities Exchange Act
of 1934, Providian Corporation has caused this certificate/notice
to be signed on its behalf by the undersigned duly authorized
person.

                              PROVIDIAN CORPORATION



Date:  October 22, 1997       By: /s/ R. Michael Slaven
                                  ------------------------------
                                  R. Michael Slaven
































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