FORM 10-Q

                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549


   (X)  QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
           SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended       June 30, 1999

                                    OR

( )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________


Commission file number 33-32744

                CSA Income Fund IV Limited Partnership
        (Exact name of registrant as specified in its charter)


          Massachusetts                           04-3072449
(State or other jurisdiction of               (I.R.S. Employer
 incorporation or organization)              Identification No.)


22 Batterymarch St. Boston, Massachusetts              02109
(Address of principal executive offices)            (Zip Code)


                         (617) 357-1700
        (Registrant's telephone number, including area code)

        Former name, former address and former fiscal year,
               if changed since last report

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.


                            Yes: X     No:

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PART I - FINANCIAL INFORMATION


                      CSA INCOME FUND IV LIMITED PARTNERSHIP
                      STATEMENTS OF FINANCIAL POSITION AS OF
<TABLE>
<CAPTION>
                                    (Unaudited)
                                    June 30,                  December 31,
                                      1999                       1998
<S>                                    <C>                        <C>
Assets

Cash and cash equivalents         $  3,422,043              $    560,193
Rentals receivable                     322,873                   391,628
Accounts receivable - affiliates       296,591                   524,059
Other receivable                        85,966                   218,343

Rental equipment, at cost           58,751,585                59,956,146
Less accumulated depreciation      (35,935,073)              (30,958,816)

  Net rental equipment              22,816,512                28,997,330

   Total assets                   $ 26,943,985               $30,691,553

Liabilities and partners' capital

Accrued management fees           $     84,624              $    127,500
Accrued interest expense                22,541                    32,965
Accounts payable                        15,760                    24,745
Deferred income                        121,514                   132,686
Notes payable                       12,159,430                15,203,836

   Total liabilities                12,403,869                15,521,732

Partners' capital:
General Partner:
 Capital contribution                    1,000                     1,000
 Cumulative net income                  47,722                    38,662
 Cumulative cash distributions        (369,489)                 (354,134)
                                      (320,767)                 (314,472)
Limited Partners (506,776 units):
 Capital contributions,
  net of offering costs             46,201,039                46,201,039
 Cumulative net income               4,724,285                 3,827,366
 Cumulative cash distributions     (36,064,441)              (34,544,112)
                                    14,860,883                15,484,293

Total partners' capital             14,540,116                15,169,821

   Total liabilities and
    partners' capital             $ 26,943,985              $ 30,691,553

</TABLE>


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                     CSA INCOME FUND IV LIMITED PARTNERSHIP
            UNAUDITED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX
                   MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
<TABLE>
<CAPTION>

                             Three Months               Six Months
                               June 30,                   June 30,
                           1999          1998        1999        1998
<S>                        <C>            <C>         <C>         <C>
Revenues:
  Rental income         $ 4,010,129 $ 3,950,009 $ 8,086,376  $ 7,689,610
   Interest income           45,018      27,155      55,847       40,561
   Gain on sale
    of equipment            104,907     616,317     138,816      647,054
   Net gain (loss) on
    foreign currency        ( 9,956)     (1,010)     (7,849)      15,443
     Total revenues       4,150,098   4,592,471   8,273,190    8,392,668


Costs and expenses:
  Depreciation            3,005,440   2,682,531   5,984,964    5,197,428
  Interest                  287,634     405,984     596,600      832,629
  Management fees           309,491     361,906     657,124      719,335
  General and
   administrative            59,414      67,256     128,523      123,398
     Total expenses       3,661,979   3,517,677   7,367,211    6,872,790

Net income              $   488,119  $1,074,794 $   905,979  $ 1,519,878

Net income allocation:
  General Partner       $     4,881  $   10,748 $     9,060  $    15,199
  Limited Partners          483,238   1,064,046     896,919    1,504,679
                        $   488,119  $1,074,794 $   905,979  $ 1,519,878


Net income per
 weighted average
 Limited Partnership
 Unit                   $      0.95  $     2.10 $      1.77  $      2.97

Number of weighted
 average Limited
 Partnership Units          506,776     506,776     506,776      506,776

</TABLE>


<PAGE>

                  CSA INCOME FUND IV LIMITED PARTNERSHIP
            UNAUDITED STATEMENTS OF CASH FLOWS FOR THE THREE
            AND SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
<TABLE>
<CAPTION>

                         Three Months Ended       Six Months Ended
                              June 30,                 June 30,
                          1999       1998          1999       1998
<S>                        <C>        <C>           <C>        <C>
Cash flows from
 operations:
  Cash received from
   rental of
   equipment            $ 4,189,489 $ 3,994,653 $ 8,136,106  $ 7,729,813
  Cash paid for
   operating and
   management expenses     (411,608)   (424,886)   (888,794)    (837,025)
  Interest paid            (293,113)   (410,744)   (607,024)    (842,027)
  Interest received          45,018      27,155      55,847       40,561
   Net cash from
    operations            3,529,786   3,186,178   6,696,135    6,091,322

Cash flow from investments:
Purchase of equipment      (308,800) (3,392,221)   (308,800)  (4,088,523)
  Sale of equipment         229,171   1,109,035     779,848    1,223,573
   Net cash from (used
  for) investments          (79,629) (2,283,186)    471,048   (2,864,950)

Cash flows from financing:
  Advances to/from
   affiliates                23,478    (779,289)    274,756   (1,112,275)
  Proceeds from notes
   payable                  190,153   2,664,067   2,599,211    2,985,369
  Repayment of notes
   payable               (2,732,487) (2,469,121) (5,643,617)  (4,747,281)
  Payment of cash
   distributions           (767,842)   (767,842) (1,535,683)  (1,535,684)
    Net cash used
      for financing      (3,286,698) (1,352,185) (4,305,333)  (4,409,871)

Net change in cash and
  cash equivalents          163,459    (449,193)  2,861,850   (1,183,499)
Cash and cash equivalents
  at beginning of period  3,258,584   1,012,460     560,193    1,746,766
Cash and cash equivalents
  at end of period       $3,422,043  $  563,267  $3,422,043   $  563,267

</TABLE>

<PAGE>
CSA INCOME FUND IV LIMITED PARTNERSHIP
NOTE TO FINANCIAL STATEMENTS

The quarterly financial statements of the Partnership presented herein are
without audit except for balance sheet information as of December 31,1998.
Certain information and footnote disclosures normally included in the annual
financial statements have been condensed or omitted from the accompanying
statements.  For such information, reference should be made to the financial
statements and notes thereto included in the Partnership's annual report on
Form 10-K for the year ended December 31, 1998.

In the General Partner's opinion, the unaudited financial statements reflect
all adjustments, which are of a normal recurring nature, necessary to present
fairly the financial position of CSA Income Fund IV Limited Partnership as of
June 30, 1999 and June 30, 1998 and the results of operations and cash
flows for the periods presented therein.

<PAGE>

CSA INCOME FUND IV LIMITED PARTNERSHIP
GENERAL PARTNER'S DISCUSSION OF OPERATIONS

Rental income was $4,010,129 and $3,950,009 and net income was $488,119 and
$1,074,794 for the quarters ended June 30, 1999 and 1998, respectively.  For
the six months ended June 30, 1999 and 1998, rental income was $8,086,376 and
$7,689,610, and net income was $905,979 and $1,519,878.  The increase in
rental income was due primarily to the new equipment leases added during
1998.The decrease in net income was primarily due to the gain on sale of
equipment recorded in the quarter ended June 30, 1999 of $104,907 as
compared to $616,317 for the same period in 1998.

The Partnership generated $7,475,983 from operations and sales of equipment
during the six months ended June 30, 1999. During this period, the Partnership
used these funds, funds received from debt financings and cash on hand to
acquire additional equipment of $308,800, reduce notes payable of $5,643,617
and make distributions to partners of $1,535,683.

The Partnership paid distributions of $.50 per Limited Partnership unit on the
15th of April, May, and June 1999.  To date, the Partnership has made cash
distributions to the Limited Partners ranging from 59% to 81% of their initial
investment, depending on when the Limited Partners entered the Partnership.
The objective of the Partnership is to return the Limited Partner's investment
through current distributions and provide a return on this investment by
continued distributions for as long as the equipment continues to be leased.

Management reviews the Partnership's projected performance on a periodic basis.
Based on that analysis, the General Partner presently estimates that the
Continued cash distributions will return the entire initial investment of the
Limited Partners and a return thereon. However, the magnitude of the return may
be lower than originally anticipated at the inception of the Partnership. The
General Partner will continue to report on the Limited Partners' return of
investment with each cash distribution and the General Partner intends to
pursue additional lease investment opportunities to increase the Partnership's
distributions.

<PAGE>
CSA INCOME FUND IV LIMITED PARTNERSHIP
PART II

<TABLE>
<CAPTION>

<S>            <C>
Item 1 - Legal Proceedings
     None

Item 2 - Changes in Securities
     None

Item 3 - Defaults Upon Senior Securities
     None

Item 4 - Submission of Matters to a Vote of Security Holders
     None

Item 5 - Other Information
     None

Item 6 - Exhibits and Reports on Form 8-K

     (a) Exhibits - Exhibit 27. Financial Data Schedule.

     (b)Reports on Form 8-K - No reports have been filed on Form 8-K
        during the second quarter of 1999.
</TABLE>


<PAGE>

                                       SIGNATURES

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



                         CSA Income Fund IV Limited Partnership
                          Partnership (Registrant)
                         By its General Partner,
                          CSA Lease Funds, Inc.






Date:
                                          s/a/J. Frank Keohane
                                          President
                                          Principal Executive Officer





Date:
                                          S/a/Richard P. Timmons
                                          Corporate Controller
                                          Principal Accounting and
                                          Finance Officer