DELPHI FILM ASSOCIATES V
15-12G, 1998-03-24
MOTION PICTURE & VIDEO TAPE PRODUCTION
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             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549
                              
   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-
14409
                              
                                                 DELPHI FILM
                        ASSOCIATES V
    (Exact name of registrant as specified in its charter)
                       666 Third Avenue, New York, New York
                    10017, (212) 983-9040
     (Address, including zip code, and telephone number,
  including area code, of registrant's principal executive
                          offices)
                              
 Securities registered pursuant to Section 12(g) of the Act:
                                           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) (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: None

     Pursuant to the requirements of the Securities Exchange
Act of 1934, Delphi Film Associates V has caused this
certification/notice to be signed  on  its behalf by the
undersigned duly authorized person.

Date:March 24, 1998
                         By:/s/ Steven N.
Baumgarten
                         Steven N. Baumgarten, Vice
President, ML Film
                         Entertainment, Inc. Managing
General Partner
                         of Delphi Management Associates,
the General                             Partner of Delphi
Film Associates V



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