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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 1-5137


                           FIELDCREST CANNON, INC.
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            (Exact name of registrant as specified in its charter)

                            One Lake Circle Drive
                       Kannapolis, North Carolina 28081
                                (704) 939-2000
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 (Address, including zip code, and telephone number, including area code, of
                  registrant's principal executive offices)

   Common Stock, par value $1.00 per share, and related share purchase rights
    $3.00 Series A Convertible Preferred Stock, par value $0.01 per share
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           (Title of each class of securities covered by this Form)


                      6% Convertible Debentures due 2012
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  (Title 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             [ ] 


     Number of holders of record as of the certification or notice date: Zero
                                                                         ----

                                  SIGNATURE

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

Date: December 23, 1997              FIELDCREST CANNON, INC.


                                     By: /s/ Ronald M. Wehtje
                                         ---------------------------------
                                         Ronald M. Wehtje
                                         Vice President