LONDON, ENGLAND.- Architect Sir Peter Faulkner Shepheard, 88, died. He was born on November 11, 1913. He studied at Birkenhead school and later at Liverpool School of Architecture. In 1942 he became an associate member of the Town Planning Institute. In 1943 he worked at the Greater London Plan. Then he worked at the Ministry of Town and Country Planning. He was deputy chief architect for the Stevenage Development Corporation (1947-48). He formed a partnership with Derek Bridgwater, which later became Shepheard, Epstein and Hunter when Bridgewater retired in 1962. From 1965 to 1966 he was president of the Landscape Institute. In 1971 he was for six months dean of the graduate school of fine art at Pennsylvania University.