FORM 15
 [Adopted in Release No. 34-20784 (Paragraph 83,508), March 22, 1984, effective
                        March 30, 1984, 49 F.R., 12688.]

                    U. S. 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: 0-17145


                  PAINE WEBBER QUALIFIED PLAN PROPERTY FUND, LP
                  ---------------------------------------------
             (Exact name of registrant as specified in its charter)

265  Franklin  Street,  Boston,  Massachusetts  02110          (617) 439-8118 
- ------------------------------------------------------------------------------
(Address, including zip code, and telephone  number,  including area code, or 
registrant's principal executive offices)

                      Units of Limited Partnership Interest
                      -------------------------------------

                  (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)         [  x  ]     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              [     ]
Rule 12h-3(b) (1) (i)         [  x  ]

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 Paine Webber
Qualified  Plan  Property  Fund, LP has caused this  certification/notice  to be
signed on its behalf by the undersigned duly authorized person.

DATE:  September 30, 1997      Paine Webber Qualified Plan Property Fund, LP
                               By:  First Qualified Properties, Inc.
                                    General Partner

                               By:  /s/ Walter V. Arnold
                                    --------------------
                             Name:  Walter V. Arnold
                            Title:  Senior Vice President
                                    and Chief Financial Officer