ILLINOIS CENTRAL CORP
15-12G, 1998-06-05
RAILROADS, LINE-HAUL OPERATING
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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       1-10720
                                                     -------------------

                          Illinois Central Corporation
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             (Exact name of registrant as specified in its charter)


            455 North Cityfront Plaza, Chicago, Illinois 60611-5504;
                           Telephone: (312) 755-7500
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    (Address, including zip code, and telephone number, including area code,
                   of registrants principal executive offices)


                     Common Stock, par value $.001 per share
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            (Title of each class of securities covered by this Form)


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      (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)        |X|
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: 1
     ---

      Pursuant to the requirements of the Securities Exchange Act of 1934,
Illinois Central Corporation has caused this certification/notice to be signed
on its behalf by the undersigned duly authorized person.

Date: June 4, 1998              By: /s/ Ronald A. Lane, Secretary
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Instruction:  This  form is  required  by Rules  12g-4,  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 Form15,  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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