PAYCO AMERICAN CORP
15-12G, 1996-11-12
CONSUMER CREDIT REPORTING, COLLECTION AGENCIES
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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  0-5589

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

       180 N. Executive Drive, Brookfield, WI  53005    Tel. (414) 984-9035    
     (Address, including zip code, and telephone number, including area code,  
                     of registrant's principal executive offices)

                                  Common Stock                                 
                          
           (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 13h-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:        1

     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:    November 11, 1996               By: JAMES M. CAHILLANE, ESQ.          
                                             Name:   James M. Cahillane, Esq.
                                             Title:  Counsel

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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