INDIANA FEDERAL CORP
15-12G, 1997-08-11
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, DC  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 0-17379

                          INDIANA FEDERAL CORPORATION
           (Exact name of registrant as specified in its charter)

       56 Washington Street, Valparaiso, Indiana 46383, (219) 462-4131
            (Address, including zip code, and telephone number,
       including area code, of registrant's principal executive offices)

                    Common Stock, $.01 par value per share
           (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 
Indiana Federal Corporation has caused this certification/notice to be 
signed on its behalf by the undersigned duly authorized person.

Date:  August 8, 1997         By: /s/ John A. Newcomer
                                 -------------------------------------------
                                 John A. Newcomer, Corporate Affairs Officer

Instruction:  This form is required by Rules 12g-4, 12h-3 and 15d-6 of the 
General Rules and Regulations under the Securities 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.



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