  We investigate the possibility of a multi-Higgs doublet model where the
lightest neutral Higgs boson ($h^0$) decouples from the fermion sector. We are
partially motivated by the four $\ell^+\ell^-\gamma\gamma$ events with
$M_{\gamma\gamma}\simeq60$\,GeV recently observed by the L3 collaboration,
which could be a signal for $Z\to (Z^*\to \ell^+\ell^-)+(h^0\to \gamma\gamma)$.
Collider signatures for the additional physical Higgs bosons present in such
models are discussed.
