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 No. 0-10223

                          ConAm Realty Investors 81 L.P.
                          ------------------------------
             (Exact name of registrant as specified in its charter)


                              1764 San Diego Avenue
                           San Diego, California 92110
                             Attn: Robert J. Svatos
                                 (619) 297-6771
   ---------------------------------------------------------------------------
   (Address, including zip codes, and telephone number, including area code of
                          principal executive offices)


                            Limited Partnership Units
            --------------------------------------------------------
            (Title of each class of securities covered by this Form)


                                      None
 ------------------------------------------------------------------------------
 (Title of all other class 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:
                                      None
     ----------------------------------------------------------------------




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

                           CONAM PROPERTY SERVICES, LTD.
                           General Partner of Registrant

                           By:    Continental American Development, Inc.,
                                  General Partner


Date:  October 4, 1999     BY:/s/ ROBERT J. SVATOS
                                  ------------------
                                  Robert J. Svatos, Vice President and Director

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.