REDWOOD EQUIPMENT LEASING INCOME FUND LP
15-15D, 1998-05-06
EQUIPMENT RENTAL & LEASING, NEC
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                     FORM 15

                 CERTIFICATION OF TERMINATION OF REGISTRATION OF
                   A CLASS OF SECURITY UNDER SECTION 12(g) OR
                  NOTICE OF SUSPENSION OF DUTY TO FILE REPORTS
                      PURSUANT TO SECTIONS 13 AND 15(d) OF
                           THE SECURITIES EXCHANGE ACT


                     Commission file number         33-32125

                    Redwood Equipment Leasing Income Fund L.P.
             (Exact name of registrant as specified in its charter)

           225 East Redwood Street Baltimore, MD 21202 (410) 727-4083
        (Address, including zip code, and telephone, including area code,
                  of registrant's principal executive offices)

                      Assignee Units of Limited Partnership Interests
               (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)       
                    Rule 12g-4(a)(1)(ii)      X
                    Rule 12g-4(a)(2)(i)       
                    Rule 12g-4(a)(2)(ii)      
                    Rule 12h-3(b)(1)(i)             
                    Rule 12h-3(b)(1)(ii)      X
                    Rule 12h-3(b)(2)(i)       
                    Rule 12h-3(b)(2)(ii)      
                    Rule 15d-6                
     
          Approximate number of holders of record as of the certification 
or notice date:      377

         Pursuant to the  requirements  of the  Securities  Exchange Act of 1934
Redwood Equipment Leasing Income Fund L.P. has  caused  this 
certification/notice  to be  signed  on  its  behalf  by  the  undersigned  duly
authorized person.



Date:          5/6/98          
     --------------------------------


By:   /s/  Timothy M. Gisriel        
     --------------------------------
         Timothy M. Gisriel, Treasurer
         Redwood Leasing, Inc.
         General Partner



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