GUARANTEED MORTGAGE CORP II
15-15D, 1996-05-24
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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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       0-12316
                                                          ----------------------

                       Guaranteed Mortgage Corporation II
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

  6061 S. Willow Drive, Suite 300, Greenwood Village, CO  80111, 303/740-8800
- --------------------------------------------------------------------------------
(Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

 GNMA-Collateralized Mortgage Bonds, Series A-V; Common Stock, par value $1.00
- --------------------------------------------------------------------------------
            (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)     /x/
           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:        2
            --------------------------


        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:   May 8, 1996                  By:    James Weissenborn
     -------------------------          ----------------------------------------
                                            James Weissenborn, 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.


SEC 2069 (8-93)



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