PRINCIPAL GROWTH MORTGAGE INVESTORS FUND L P
15-12G, 1997-01-30
REAL ESTATE
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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:   33-23954
                                 
                 PRINCIPAL GROWTH MORTGAGE INVESTORS FUND, L.P.
             (Exact name of registrant as specified in its charter)
                                 
                                 
         3 World Financial Center, 29th Floor, New York, NY 10285-2900,
                                 (212) 526-3237
  (Address, including zip code, and telephone number, including area
       code, of registrant's principal executive offices)
                                 
                                 
                         Limited Partnership Interests
            (Title of each class of securities covered by this Form)
                                 
                                 
                                 
                                 
      (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

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

   Pursuant to the requirements of the Securities Exchange  Act  of
1934,  Principal  Growth Mortgage Investors Fund, L.P.  has  caused
this  certification/notice  to be  signed  on  its  behalf  by  the
undersigned duly authorized person.

                      Principal Growth Mortgage  Investors Fund, L.P.

Date: January 30, 1997      By: Principal  Growth  Realty Managment, Inc.
                                General Partner


                                /s/ Kenneth L. Zakin
                            By:  Kenneth L. Zakin
                                 Director and President



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