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		   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 33-14490 

	Rural Electric Cooperative Grantor Trust (Soyland)1987-A3 
	  (Exact name of registrant as specified in its charter)

	       2201 Cooperative Way, Herndon, VA 20171-3025
  (Registrant's telephone number, including area code, is 703-709-6700)

	    Grantor Trust Certificates (Soyland) Series 1987-A3
	  (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 
 provisions(s) relied upon to terminate or suspend the duty to file reports:

	Rule 12g-4(a)(1)(i)     [ ]     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      [x]
	Rule 12h-3(b)(1)(i)     [ ]     

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

   Pursuant to the requirements of the Securities Exchange Act of 1934, 
   Rural Electric Cooperative Grantor Trust (Soyland) 1987-A3 has caused 
   this certification/notice to be signed on its behalf by the undersigned 
   duly authorized person.

			      By:  National Rural Utilities Cooperative   
				   Finance Corporation, As Servicer
				  

DATE:   April 21, 1997        By:  /s/ Steven Slepian                 
				   Acting Chief Financial Officer