FORM 15
   [As adopted in Release No. 34-20784, March 22, 1984, 49 F.R. 12688.]



                    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:  1-8820


                      BANYAN SHORT TERM INCOME TRUST
          (Exact name of registrant as specified in its charter)


     150 SOUTH WACKER DRIVE, CHICAGO, ILLINOIS  60606; (312) 553-9890
 (Address, including zip code, and telephone number, including area code,
               of registrant's principal executive offices)


                       SHARES OF BENEFICIAL INTEREST
         (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)   [ 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)   [   ]


      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
Banyan Short Term Income Trust has caused this certification/notice to be
signed on its behalf by the undersigned duly authorized person.


DATE: April 28, 1998                 BY:  /s/ Scott D. Fehlan
                                    Scott D. Fehlan, Attorney


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.