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.


Exact name of registrant as specified in its charter:  Commission File Number:
- -----------------------------------------------------  -----------------------

GARNET RESOURCES CORPORATION                                    0-16621



8235 DOUGLAS AVENUE, SUITE 400, DALLAS, TEXAS 75225 (214) 691-3464
- --------------------------------------------------------------------------------
(Address, including zip code, and telephone number, including area code, of 
                   registrant's principal executive offices)

GARNET COMMON STOCK, PAR VALUE $.01 PER SHARE
- --------------------------------------------------------------------------------
            (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(e's) 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 12h-3(b)(1)(i)  [ ]         Rule 15d-6              [ ]

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

           ONE
- -----------------------------

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



DATE:     October 29, 1998       BY: /s/ Ronald Suttill
     --------------------------     ------------------------------------------
                                        Ronald Suttill, President and Chief
                                        Executive Officer