TLI LIQUIDATING CORP
15-12G, 1998-03-04
FINANCE LESSORS
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<PAGE>
 
      
                      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 0-15167

                         TLII LIQUIDATING CORPORATION
- -------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                               
               361 Park Avenue, Glenco, IL 60022, (847) 835-5350
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(Address, including zip code, and telephone number, including area code, of 
                   registrant's principal executive offices)

                    Common Stock, $0.01 par value per share
- -------------------------------------------------------------------------------
           (Title of each class of securities covered by this Form)

                                     None
- -------------------------------------------------------------------------------
(Title 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)  [ ]

     Approximate number of holders of record as of the certification or notice
date: 0

Pursuant to the requirements of the Securities Exchange Act of 1934, TLII
Liquidating Corporation has caused this certification/notice to be signed on its
behalf by the undersigned duly authorized person.

                                   TLII LIQUIDATING CORPORATION
 
DATE: March 2, 1998                BY:  /s/ Michael J. Heyman
                                        --------------------------------
                                            Michael J. Heyman, President
                                                                           
                                                              



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