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: 1-16950
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          Prometheus Income Partners, a California limited partnership
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             (Exact name of registrant as specified in its charter)


                               350 Bridge Parkway
                             Redwood City, CA 94065
                                 (650) 596-5300
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       (Address, including zip code, and telephone number, including area
               code, of registrant's principal executive offices)

                      Units of Limited Partnership Interest
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            (Title of each class of securities covered by this Form)

                                      None
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   (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)(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

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



Date: July 31, 2002                       By:   /s/ Vicki R. Mullins
                                                -------------------------
                                                Name:  Vicki R. Mullins
                                                Title: Vice President