**Exhibit 31**
**CERTIFICATIONS**
I, Patrick L. Beach, certify that:
1.        I have reviewed this quarterly report on Form 10-Q of Captec FranchiseCapital Partners L.P. IV;
2.        Based on my knowledge, this report does not contain any untrue statement ofa material fact or omit to state a material fact necessary to make thestatements made, in light of the circumstances under which such statements weremade, not misleading with respect to the period covered by this report;
3.        Based on my knowledge, the financial statements, and other financialinformation included in this report, fairly present in all material respectsthe financial condition, results of operations and cash flows of the registrantas of, and for, the periods presented in this report;
4.        The registrant’s other certifying officers and I are responsible forestablishing and maintaining disclosure controls and procedures (as defined inExchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financialreporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for theregistrant and have:
          (a) Designed such disclosure controls and procedures, or caused suchdisclosure control and procedures to be designed under our supervision, toensure that material information relating to the registrant, including itsconsolidated subsidiaries, is made known to us by others within those entities,particularly during the period in which this report is being prepared;
          (b) Designed such internal control over financial reporting, or causedsuch internal control over financial reporting to be designed under oursupervision, to provide reasonable assurance regarding the reliability offinancial reporting and the preparation of financial statements for externalpurposes in accordance with generally accepted accounting principles;
          (c) Evaluated the effectiveness of the registrant’s disclosure controlsand procedures and presented in this report our conclusions about theeffectiveness of the disclosure controls and procedures, as of the end of theperiod covered by this report based on such evaluation; and
          (d) Disclosed in this report any change in the registrant’s internalcontrol over financial reporting that occurred during the registrant’s mostrecent fiscal quarter that has materially affected, or is reasonably likely tomaterially affect, the registrant’s internal control over financial reporting;
5.        The registrant’s other certifying officer(s) and I have disclosed, based onour most recent evaluation of internal control over financial reporting, to theregistrant’s auditors and the audit committee of registrant’s board ofdirectors (or persons performing the equivalent function):
          (a) All significant deficiencies and material weaknesses in the design oroperation of internal control over financial reporting which are reasonablylikely to adversely affect the registrant’s ability to record, process,summarize and report financial information; and
          (b) Any fraud, whether or not material, that involves management or otheremployees who have a significant role in the registrant’s internal control overfinancial reporting.   Date:       August 14, 2003     By:       /s/ Patrick L. Beach              Patrick L. Beach              President, GP4 Asset Acquisition, LLC  
The foregoing certification is as required by Section 302(a) of theSarbanes-Oxley Act of 2002 and amended Rules 13a-14 and 15d-14 of theSecurities Exchange Act of 1934, which state that the wording of suchcertification may not be changed in any respect, even if such change wouldappear inconsequential in nature. GP4 Asset Acquisition, LLC is a single memberlimited liability company, the sole member of which is a limited liabilitycompany of which Patrick L. Beach is the sole and managing member. As a result,neither the Partnership or GP4 Asset Acquisition, LLC has a board of directorsor audit committee and Patrick L. Beach is only certifying officer and isultimately responsible for establishing and maintaining the registrant’sdisclosure controls.