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   333-22141-03

                   FRANCHISE MORTGAGE ACCEPTANCE COMPANY, LLC
             (Exact name of registrant as specified in its charter)

        2049 Century Park East, Suite 350, Los Angeles, California 90067
                            telephone (310) 229-2600
  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                    Subsidiary Guarantee of Registered Debt
            (Title of each class of securities covered by this Form)

                                      N/A
  (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)(ii)     [ ]
           Rule 12g-4(a)(1)(ii)    [ ]      Rule 12h-3(b)(2)(i)      [ ]
           Rule 12g-4(a)(2)(i)     [ ]      Rule 12h-3(b)(2)(ii)     [ ]
           Rule 12g-4(a)(2)(ii)    [ ]      Rule 15d-6               [x]
           Rule 12h-3(b)(1)(i)     [ ]

           

     Approximate number of holders of record as of the certification or notice
date:

          NONE

     Pursuant to the requirements of the Securities Exchange Act of 1934 (Name
of registrant as specified in charter) has caused this certification/notice to
be signed on its behalf by the undersigned duly authorized person.

DATE:  January 27, 1998       BY:     \s\ Wayne L. Knyal
                                    -----------------------------------------
                                    Wayne L. Knyal, Chief Executive 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.