SUPERIOR BANK FSB
15-15D, 1999-01-15
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
<S>                    <C>                                       <C>
                                  UNITED STATES                  ---------------------------------
                       SECURITIES AND EXCHANGE COMMISSION                    OMB APPROVAL         
                             Washington, D.C. 20549              ---------------------------------
                                                                 ---------------------------------
                                                                 OMB Number        3235-0167      
                                                                 Expires: November 30, 1989       
                                                                 Estimated average burden         
                                                                 hours per response         1.50  
                                                                 ---------------------------------
</TABLE>
 

                                     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    333-39199
                                                                      ---------

                                Superior Bank FSB
- --------------------------------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

           One Lincoln Centre, Oakbrook Terrace, Illinois 60181
- --------------------------------------------------------------------------------
    (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
                  OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)

           AFC Mortgage Loan Asset Backed Certificates, Series 1998-2
- --------------------------------------------------------------------------------
            (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)     / /      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             /X/

    APPROXIMATE NUMBER OF HOLDERS OF RECORD AS OF THE CERTIFICATION OR NOTICE 
DATE:       16. (5 CLASS 1A AND 11 CLASS 2A.)
            --------------------------------------------------------------------
- --------------------------------------------------------------------------------

    PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
SUPERIOR BANK FSB HAS CAUSED THIS CERTIFICATION/NOTICE TO BE SIGNED ON ITS
BEHALF OF THE UNDERSIGNED DULY AUTHORIZED PERSON.

DATE: January 15, 1999               By: Superior Bank FSB
     ----------------------
                                    By:/s/ William C. Bracken
                                       -----------------------------------------
                                    Name: William C. Bracken, 
                                          Senior Vice President 
                                           and Chief Financial Officer

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 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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