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  333-15473-01

Southern Pacific Secured Assets Corporation,
Mortgage Loan Asset-Backed Pass-Through Certs., Series 1996-04 Trust
(Exact name of registrant as specified in its charter)

c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
Frederick, Maryland  21703
(301) 696-7900
(Address, including zip code, and telephone number, including 
area code, of registrant's principal executive offices)


A-1  A-2
I S II S
R
(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)     / /     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 /X/



Approximate number of holders of record as of the certification 
or notice date: 33    .

Pursuant to the requirements of the Securities Exchange Act of 1934,
Southern Pacific Secured Assets Corporation, 
Mortgage Loan Asset-Backed Pass-Through Certs., Series 1996-04 Trust

has caused this certification/notice to be signed on its behalf by the 
undersigned duly authorized person.

Date:  January 16, 1998  BY:  /S/SHERRI J. SHARPS 
Vice President, Securities Administration Services

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.