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:    1-7141
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                            PS GROUP HOLDINGS, INC.
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            (Exact name of registrant as specified in its charter)

     4370 LaJolla Village Drive, Suite 1050, San Diego, California 92122,
                                (858) 642-2999
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 (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                         Common Stock, $1.00 par value
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           (Title of each class of securities covered by this Form)

                                     None
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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           [_]




Approximate number of holders of record as of the certification or notice
date: 1
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Pursuant to the requirements of the Securities Exchange Act of 1934, PS Group
Holdings, Inc. has caused this certification/notice to be signed on its behalf
by the undersigned duly authorized person.


Date:   March 23, 2000                  By:  /s/  Douglas H. Wolf
                                           ------------------------------
                                           Name:  Douglas H. Wolf
                                           Title: Chief Executive Officer