MUTUAL BENEFIT INCOME PARTNERS LP I
15-12B, 1996-08-12
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 Section 13 and 15(d) of the Securities Exchange 
Act of 1934.

Commission File Number 0-17587

(Exact name of registrant as specified in its charter)

Mutual Benefit Income Partners, L.P. - I

(Address, including zip code, and telephone number, including area 
code, of registrant's principal executive offices)

520 Broad Street, 8th Floor, Newark, New Jersey 07102

(Title of each class of securities covered by this Form)

Units of limited partnership interest.

(Titles of all other classes of securities for which a duty to file 
reports under section 13(a) or 15(d) remains):

None

	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 12g-4(a)(2)(i)  [ ]        Rule 12h-3(b)(2)(i)   [ ]
   Rule 12g-4(a)(2)(ii) [ ]
   Rule 12h-3(b)(1)(i)  [X]        Rule 12h-3(b)(2)(ii)  [ ]

				   Rule 15d-6            [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 Mutual Benefit Income Partners, L.P. - I has caused this 
certification/notice to be signed on its behalf by the undersigned duly 
authorized person.

By: MB Mortgage, Inc.
   	General Partner

By: THOMAS G. MORGAN
   	THOMAS G. MORGAN
   	Vice President and Treasurer

Date:  August 9, 1996



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