GOVERNMENT TRUST P 3
15-12G, 2000-10-31
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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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:  0-17487

Exact name of registrant as specified in its charter:  Government Trust
P-3

Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices:
c/o Chase Manhattan Bank
450 West 33rd Street, 15th Floor
New York, NY  10001
(212) 946-8608

Title of each class of securities covered by this Form:  Class P-3

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:

[ X ]  Rule 12g-4(a)(1)(i)               [   ]  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:   -  0  -

Pursuant to the requirements of the Securities Exchange Act of 1934,
Government Trust P-3  has caused this certification/notice to
be signed on its behalf by the undersigned duly authorized person.

Date:  October 31, 2000
By:    Dennis Kildea
       Assistant Vice President


Instruction:  This form is required by Rules 12-g4, 12h-3 and 15d-6
of the General Rules and Regulations under the Securities Exchange
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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