PRUDENTIAL BACHE WATSON & TAYLOR LTD 3
15-12G, 1999-05-14
REAL ESTATE
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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
          SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
                        Commission File Number: 0-14397
 
                    PRUDENTIAL-BACHE/WATSON & TAYLOR, LTD.-3
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)
 
       One Seaport Plaza, New York, New York 10292-0128,  (212) 214-3500
- --------------------------------------------------------------------------------
  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)
 
                Depositary Units of Limited Partnership Interest
- --------------------------------------------------------------------------------
            (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)       /X/              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:  None
      ---------------------------------------------------------------
 
   Pursuant to the requirements of the Securities Exchange Act of 1934,
Prudential-Bache/Watson & Taylor, Ltd.-3 has caused this certification/notice to
be signed on its behalf by the undersigned duly authorized person.
 
                                By: Prudential-Bache Properties, Inc.
Date: May 14, 1999                  A Delaware corporation, General Partner
 
                                By:  /s/ Stephen A. Tolbert
                                     -------------------------
                                     Stephen A. Tolbert
                                     Vice President


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