<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                                 AMENDMENT NO. 1

(Mark One)

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 [FEE REQUIRED]

For the quarterly period ended                   DECEMBER 31, 1996
                               -------------------------------------------------

                                       or

[ ]  TRANSITION REPORT PURSUANT TO 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934 [NO FEE REQUIRED]

For the transition period from                         to 
                               -----------------------    ----------------------

Commission file number                             0-11982
                       ---------------------------------------------------------

        CORPORATE PROPERTY ASSOCIATES 4, A CALIFORNIA LIMITED PARTNERSHIP
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          CALIFORNIA                                      13-3126150
--------------------------------------------------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

50 ROCKEFELLER PLAZA, NEW YORK, NEW YORK                                10020
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code           (212) 492-1100
                                                   -----------------------------

Securities registered pursuant to Section 12(b) of the Act:

       Title of each class            Name of each exchange on which registered

              NONE                                         NONE
-------------------------------           --------------------------------------

-------------------------------           --------------------------------------
           
Securities registered pursuant to Section 12(g) of the Act:

                            LIMITED PARTNERSHIP UNITS
--------------------------------------------------------------------------------
                                (Title of Class)


--------------------------------------------------------------------------------
                                (Title of Class)

     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 for 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. /X/ Yes / / No 

    Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein,
and will not be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. [X]

    Aggregate market value of the voting stock held by non-affiliates of
Registrant: There is no active market for Limited Partnership Units.
<PAGE>   2
                                     PART IV




Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K


    (a) 1. Financial Statements:

        The following financial statements are filed as a part of this Report:

    Report of Independent Accountants.

    Balance Sheets, December 31, 1995 and 1996.

    Statements of Income, for the years ended December 31, 1994, 1995 and 1996.

    Statements of Partners' Capital, for the years ended December 31, 1994, 1995
    and 1996.

    Statements of Cash Flows, for the years ended December 31, 1994, 1995 and
    1996.

    Notes to Financial Statements.



    The financial statements are hereby incorporated by reference to pages 6 to
    19 of Registrant's Annual Report contained in Appendix A.




    (a) 2. Financial Statements of Material Properties:

           Property in Port Washington, Wisconsin leased to Simplicity
           Manufacturing, Inc.

    Report of Independent Accountants.

    Statements of Net Assets as of December 31, 1995 and 1996.

    Statements of Operations and Changes in Net Assets, for the years ended
    December 31, 1994, 1995 and 1996.

    Statements of Cash Flows, for the years ended December 31, 1994, 1995 and
    1996.

    Notes to Financial Statements.



    The financial statements of material properties are contained herewith in
    Item 14 on pages 14 to 19.


                                       12
<PAGE>   3
    (a) 3. Financial Statement Schedule:

           The following schedule is filed as a part of this Report:

    Schedule III - Real Estate and Accumulated Depreciation as of December 31,
    1996.

    Notes to Schedule III.


    Schedule III and notes thereto are hereby incorporated by reference to pages
    20 to 22 of Registrant's Annual Report contained in Appendix A.





          Financial Statement Schedules other than those listed above are
omitted because the required information is given in the Financial Statements,
including the Notes thereto, or because the conditions requiring their filing do
not exist.


                                      -13-
<PAGE>   4
                        REPORT of INDEPENDENT ACCOUNTANTS





To the Partners of
  Corporate Property Associates 4,
  a California limited partnership


                  We have audited the accompanying statement of net assets of
Property in Port Washington, Wisconsin leased to Simplicity Manufacturing, Inc.,
as of December 31, 1995 and 1996, and the related statements of operations and
changes in net assets and cash flows for each of the three years in the period
ended December 31, 1996. These financial statements are the responsibility of
the General Partners. Our responsibility is to express an opinion on these
financial statements based on our audits.

                  We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and perform the audits
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by the General Partners, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.

                  In our opinion, the financial statements referred to above
present fairly, in all material respects, the net assets of Property in Port
Washington, Wisconsin leased to Simplicity Manufacturing, Inc., as of December
31, 1995 and 1996, and the results of its operations and its cash flows for each
of the three years in the period ended December 31, 1996, in conformity with
generally accepted accounting principles.











                                                    /s/ Coopers & Lybrand L.L.P.

New York, New York
June 12, 1997


                                      - 14-
<PAGE>   5
                        CORPORATE PROPERTY ASSOCIATES 4,
                        a California limited partnership

                     STATEMENTS OF NET ASSETS of PROPERTY in
                      PORT WASHINGTON, WISCONSIN LEASED to
                         SIMPLICITY MANUFACTURING, INC.
                            (as described in Note 1)

                           December 31, 1995 and 1996


<TABLE>
<CAPTION>
                                                       1995              1996
                                                   -----------       -----------
<S>                                                <C>               <C>        

         ASSETS:

Net investment in direct financing leases          $12,000,000       $12,000,000
Deferred financing costs, net of accumulated
   amortization of $171,798 in 1995
   and $194,704 in 1996                                 57,262            34,356
Accrued rents receivable                               166,392           166,392
                                                   -----------       -----------

             Total assets                          $12,223,654       $12,200,748
                                                   ===========       ===========



         LIABILITIES:

Mortgage notes payable                             $ 5,535,028       $ 5,031,101
Accrued interest payable                                48,524            44,106
                                                   -----------       -----------

             Total liabilities                       5,583,552         5,075,207
                                                   -----------       -----------



         NET ASSETS:

Net assets                                           6,640,102         7,125,541
                                                   -----------       -----------

             Total liabilities and
                net assets                         $12,223,654       $12,200,748
                                                   ===========       ===========
</TABLE>












The accompanying notes are an integral part of the financial statements.


                                      -15-
<PAGE>   6
                        CORPORATE PROPERTY ASSOCIATES 4,
                        a California limited partnership

               STATEMENTS of OPERATIONS and CHANGES IN NET ASSETS
                    of PROPERTY in PORT WASHINGTON, WISCONSIN
                    LEASED to SIMPLICITY MANUFACTURING, INC.

              For the years ended December 31, 1994, 1995 and 1996



<TABLE>
<CAPTION>

                                                 1994             1995             1996
                                             -----------      -----------      -----------
<S>                                          <C>              <C>              <C>        
Revenues from leased property                $ 1,996,710      $ 1,996,710      $ 1,996,710
                                             -----------      -----------      -----------


Property management fee                           19,967           19,967           19,967
Other expenses                                                                      12,808
Amortization of deferred financing costs          22,906           22,906           22,906
Interest on mortgage                             650,104          604,580          554,029
                                             -----------      -----------      -----------

                                                 692,977          647,453          609,710
                                             -----------      -----------      -----------

    Excess of revenues over expenses           1,303,733        1,349,257        1,387,000
                                             -----------      -----------      -----------

Transfers to partnership                        (914,369)        (914,370)        (901,561)

Net assets, beginning of year                  5,815,851        6,205,215        6,640,102
                                             -----------      -----------      -----------

   Net assets, end of year                   $ 6,205,215      $ 6,640,102      $ 7,125,541
                                             ===========      ===========      ===========
</TABLE>















The accompanying notes are an integral part of the financial statements.


                                      -16-
<PAGE>   7
                        CORPORATE PROPERTY ASSOCIATES 4,
                        a California limited partnership

                           STATEMENTS of CASH FLOWS of
                     PROPERTY in PORT WASHINGTON, WISCONSIN
                    LEASED to SIMPLICITY MANUFACTURING, INC.

              For the years ended December 31, 1994, 1995 and 1996


<TABLE>
<CAPTION>
                                                              1994             1995             1996
                                                          -----------      -----------      -----------
<S>                                                       <C>              <C>              <C>        
Cash flows from operating activities:
    Excess of revenues over expenses                      $ 1,303,733      $ 1,349,257      $ 1,387,000
    Adjustments to reconcile excess of revenues
       over expenses to net cash provided by
       operating activities:
       Amortization                                            22,906           22,906           22,906
       Decrease in accrued interest payable                    (3,584)          (3,978)          (4,418)
                                                          -----------      -----------      -----------
            Net cash provided by operating activities     $ 1,323,055      $ 1,368,185      $ 1,405,488
                                                          ===========      ===========      ===========


Cash flows from financing activities:
    Payments of mortgage principal                        $  (408,686)     $  (453,815)     $  (503,927)
    Transfers to Partnership                                 (914,369)        (914,370)        (901,561)
                                                          -----------      -----------      -----------
            Net cash used in financing activities         $(1,323,055)     $(1,368,185)     $(1,405,488)
                                                          ===========      ===========      ===========
</TABLE>





















The accompanying notes are an integral part of the financial statements.

                                      -17-
<PAGE>   8
                        CORPORATE PROPERTY ASSOCIATES 4,
                        a California limited partnership

                  NOTES to FINANCIAL STATEMENTS of PROPERTY in
                      PORT WASHINGTON, WISCONSIN LEASED to
                         SIMPLICITY MANUFACTURING, INC.




1. Basis of Presentation:

     Corporate Property Associates 4 (the "Partnership") is engaged in the net
leasing of industrial and commercial real estate. During 1983, the Partnership
entered into a direct financing lease with Simplicity Manufacturing, Inc.
("Simplicity") and the accompanying financial statements reflect the component
investment of the Partnership in the net assets and the related revenues and
expenses directly associated with such component lease investment.

     Under the net lease agreement, Simplicity is responsible for all operating
expenses relating to the property, including property taxes, insurance,
maintenance, repairs, renewals and improvements. A property management fee of 1%
of revenues has been included in the financial statements as the property
management fee, payable to an affiliate, is required under the Partnership's
Amended Agreement of Partnership.

     The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.

     The recoverability of real estate assets, including residual interests, is
assessed based on projections of cash flows over the life of such assets. In the
event that such cash flows are insufficient, the assets are adjusted to their
estimated net realizable value.


2. Net Investment in Direct Financing Lease:

     The lease has been accounted for under the direct financing method. A lease
accounted for under the direct financing method is recorded at its net
investment. Unearned income is deferred and amortized to income over the lease
term so as to produce a constant periodic rate of return on the Partnership's
net investment in the lease.

     The net investment in the direct financing lease is summarized as follows:

<TABLE>
<CAPTION>
                                                           December 31,
                                                           ------------
                                                    1995                 1996
                                                 -----------         -----------
<S>                                              <C>                 <C>        
Minimum lease payments
   receivable                                    $12,288,750         $10,593,750
Unguaranteed residual value                       12,000,000          12,000,000
                                                 -----------         -----------
                                                  24,288,750          22,593,750
Less: Unearned income                             12,288,750          10,593,750
                                                 -----------         -----------
                                                 $12,000,000         $12,000,000
                                                 ===========         ===========
</TABLE>


     Scheduled future minimum rents, exclusive of renewals, under the
noncancellable lease amount to $1,695,000 in each of the years 1997 through 2001
and aggregate $10,593,750 through March 2003 (See Note 5). Contingent rents were
$301,710 in each of the years 1994, 1995 and 1996.


                                      -18-
<PAGE>   9
                        CORPORATE PROPERTY ASSOCIATES 4,
                        a California limited partnership

                  NOTES to FINANCIAL STATEMENTS of PROPERTY in
                      PORT WASHINGTON, WISCONSIN LEASED to
                    SIMPLICITY MANUFACTURING, INC., Continued






3. Mortgage Notes Payable:

     The mortgage loan on the Simplicity property is a limited recourse
obligation and is collateralized by real property with a carrying value of
$12,000,000 and by an assignment of the lease. The mortgage note payable bears
interest at an annual rate of 10.52% and is scheduled to mature on July 1, 1998.

     Scheduled principal payments are as follows:

<TABLE>
<CAPTION>
     Year Ending December 31,
     ------------------------

<S>                             <C>       
     1997                       $  559,572
     1998                        4,471,529
                                ----------
       Total                    $5,031,101
                                ==========
</TABLE>
                      

     Interest paid was $653,688, $608,558 and $558,447 in 1994, 1995 and 1996,
respectively. Management estimates that the fair value of the mortgage
approximates the carrying amount at December 31, 1996.



4. Subsequent Event:

     On March 25, 1997, Simplicity notified the Partnership that it was
exercising its option to purchase the property on April 1, 1998. The option
price is the greater of $9,684,000 or fair market value, capped at $12,000,000.


                                      -19-
<PAGE>   10
(a) 4. Exhibits:

     The following exhibits are filed as part of this Report. Documents other
than those designated as being filed herewith are incorporated herein by
reference.
<TABLE>
<CAPTION>

Exhibit                                                                               Method of
  No.             Description                                                          Filing
-------           -----------                                                 ----------------------
<S>            <C>                                                            <C>

     3.1       Amended Agreement of Limited Partnership of                    Exhibit 3(B) to Regis-
               Registrant dated as of September 30, 1982.                     tration Statement (Form
                                                                              S-11) No. 2-79041

     4.1       $4,500,000 Promissory Note dated December 30,                  Exhibit 4(B)(1) to Post-
               1982 from Registrant to The Mutual Benefit                     Effective Amendment No. 1
               Life Insurance Company.                                        to Registration Statement
                                                                              (Form S-11) No. 2-79041

     4.2       Mortgage and Security Agreement dated                          Exhibit 4(B)(4) to Post-
               December 30, 1982 between Registrant and                       Effective Amendment No. 1
               The Mutual Benefit Life Insurance Company.                     to Registration Statement
                                                                              (Form S-11) No. 2-79041

     4.3       Assignment of Lessor's and Landlord's                          Exhibit 4(B)(5) to Post-
               Interest in Leases, Rents and Profits                          Effective Amendment No. 1
               dated December 30, 1982 from Registrant                        to Registration Statement
               to The Mutual Benefit Life Insurance                           (Form S-11) No. 2-79041
               Company.

     4.4       $8,000,000 Promissory Note dated March 3,                      Exhibit 4.1 to Form 8-K
               1983 from Registrant to Sunkist Service                        filed March 17, 1983
               Company.

     4.5       Mortgage with Assignment of Leases and                         Exhibit 4.3 to Form 8-K
               Rents and Security Agreement dated as of                       filed March 17, 1983
               March 3, 1983 from Registrant to Sunkist
               Service Company.

     4.6       Assignment of Lease and Rents dated                            Exhibit 4.4 to Form 8-K
               March 3, 1983 from Registrant to Sunkist                       filed March 17, 1983
               Service Company.

     4.12      $3,800,000 Promissory Note dated July 1,                       Exhibit 4.1 to Form 8-K
               1983 from Registrant to CP 4 Corp.                             dated July 14, 1983

     4.13      Mortgage and Security Agreement dated                          Exhibit 4.2 to Form 8-K
               July 1, 1983 from Registrant to CP 4 Corp.                     dated July 14, 1983

     4.14      Assignment of Leases, Rents and Profits                        Exhibit 4.3 to Form 8-K
               dated July 1, 1983 from Registrant to                          dated July 14, 1983
               CP 4 Corp.

     4.15      $2,750,000 Promissory Note dated                               Exhibit 4.1 to Form 8-K
               August 11, 1983 from Registrant to FCA                         dated November 2, 1983
               American Mortgage Corporation ("FCA").

     4.16      Deed of Trust, Mortgage with Assignments of Leases             Exhibit 4.2 to Form 8-K
               and Rents and Security Agreements dated as of                  dated November 2, 1983
               August 11, 1983 from Registrant to Harry M. Roberts, Jr.,
               as trustee for FCA.
</TABLE>



                                      -20-
<PAGE>   11
<TABLE>
<CAPTION>

Exhibit                                                                     Method of
  No.             Description                                                 Filing
-------           -----------                                          ------------------

<S>            <C>                                                     <C>      
     4.17      Assignment of Lease and Rents dated                     Exhibit 4.3 to Form 8-K
               August 11, 1983 from Registrant to FCA.                 dated November 2, 1983

     4.18      $4,300,000 Promissory Note dated                        Exhibit 4.4 to Form 8-K
               October 17, 1983 from Registrant to                     dated November 2, 1983
               Bankers Life Company ("Bankers").

     4.19      Deed of Trust dated October 17, 1983                    Exhibit 4.5 to Form 8-K
               from Registrant to Howard T. Ayres, Jr.,                dated November 2, 1983
               as trustee for Bankers.

     4.20      Collateral Assignment of Lease and                      Exhibit 4.6 to Form 8-K
               Agreement dated October 17, 1983 from                   dated November 2, 1983
               Registrant, as assignor, ARC Automation
               Services, Inc. ("ARC"), as lessee, and
               American Express Insurance Services,
               Inc. ("American Express"), as guarantor,
               to Bankers, as assignee.

     4.21      $3,500,000 Deed of Trust Note dated                     Exhibit 4.21 to Form 10-K
               December 14, 1983 from Registrant to                    dated March 31, 1984
               Mellon Bank, N.A. ("Mellon").

     4.22      Deed of Trust and Security Agreement                    Exhibit 4.22 to Form 10-K
               dated December 14, 1983 between                         dated March 31, 1984
               Registrant and John H. Noblitt, as
               trustee for Mellon.

     4.23      Assignment of Rentals and Leases dated                  Exhibit 4.23 to Form 10-K
               December 14, 1983 from Registrant to                    dated March 31, 1984
               Mellon.

     4.24      Agreement for Sale and Sale of Property and             Exhibit 4.1 to Form 10-K
               Escrow Instructions, dated October 17, 1986,            dated November 6, 1986
               by and between Registrant and CPA(R):3,
               collectively as Seller, and Kraft, Inc.
               ("Kraft"), as Purchaser.

     4.25      Agreement for Sale and Sale of Property and             Exhibit 4.2 to Form 10-K
               Escrow Instructions, dated October 17, 1986,            dated November 6, 1986
               by and between Registrant and CPA(R):3,
               collectively as Seller, and Hughes Markets,
               Inc. ("Hughes"), as Purchaser.

     4.26      Letter Agreement dated October 17, 1986 from            Exhibit 4.3 to Form 8-K
               Registrant and CPA(R):3, and agreed to and              dated November 6, 1986
               accepted by Kraft and Hughes.

     4.27      Guaranty made as of October 21, 1986 by                 Exhibit 4.4 to Form 8-K
               Hughes, as Guarantor, to Registrant and                 dated November 6, 1986
               CPA(R):3.

    10.3       Real Estate Purchase Agreement dated                    Exhibit 10.1 to Form 8-K
               January 19, 1983 between Allis-Chalmers                 filed March 17, 1983
               Corporation, as seller and Gibson
               Realty, Inc., as purchaser.
</TABLE>


                                      -21-
<PAGE>   12
<TABLE>
<CAPTION>
Exhibit                                                                        Method of
  No.             Description                                                    Filing
  ---             -----------                                             -------------------

<S>            <C>                                                        <C>
    10.4       Assignment of Real Estate Purchase                         Exhibit 10.2 to Form 8-K
               Agreement dated March 3, 1983 from Gibson                  filed March 17, 1983
               Realty, Inc., as assignor, to Registrant,
               as assignee.

    10.5       Lease Agreement dated March 3, 1983                        Exhibit 10.3 to Form 8-K
               between Registrant, as landlord, and                       filed March 17, 1983
               Simplicity Manufacturing, Inc. as
               tenant, for two properties in Port
               Washington, Wisconsin.

    10.6       Management Agreement between Registrant                    Exhibit 10(B) to Amendment
               and Carey Corporate Property Management,                   No. 2 to Registration
               Inc.                                                       Statement (Form S-11)
                                                                          No. 2-79041

    10.7       Support Agreement among Registrant,                        Exhibit 10(C) to Amendment
               Fourth Carey Corporate Property, Inc.                      No. 2 Registration
               and W.P. Carey & Co., Inc.                                 Statement (Form S-11)
                                                                          No. 2-79041

    10.8       Lease Agreement dated June 1, 1983 between                 Exhibit 10.1 to Form 8-K
               Registrant and CPA(R):3, as landlord, and                  dated June 22, 1983
               Knudsen Corporation, as tenant.

    10.9       Agreement dated June 1, 1983 between                       Exhibit 10.2 to Form 8-K
               Registrant and CPA(R):3, as landlord, and                  dated June 22, 1983
               Knudsen, as tenant.

    10.11      Lease Agreement dated July 1, 1983 between                 Exhibit 10.1 to Form 8-K
               Registrant, as landlord, and Broco, as                     dated July 14, 1983
               tenant.

    10.13      Lease Agreement dated October 17, 1983                     Exhibit 10.2 to Form 8-K
               between Registrant, as landlord, and                       dated November 2, 1983
               ARC, as tenant.

    10.15      Purchase Agreement dated February 23, 1983                 Exhibit 10.15 to Form 10-K
               between J.D.N. Enterprises, Inc. and                       dated March 31, 1984
               Winn-Dixie Montgomery, Inc. ("Winn-Dixie").

    10.16      Assignment of Purchase Agreement dated                     Exhibit 10.16 to Form 10-K
               March 7, 1984 from Winn-Dixie to                           dated March 31, 1984
               Registrant.

    10.18      Lease Agreement dated March 7, 1984                        Exhibit 10.18 to Form 10-K
               between Registrant, as landlord, and                       dated March 31, 1984
               Winn-Dixie, as tenant.

    10.19      Lease Guaranty dated March 7, 1984                         Exhibit 10.19 to Form 10-K
               from Winn-Dixie, Stores, Inc. to                           dated March 31, 1984
               Registrant.

    10.20      Second Amendment of Lease entered into as of               Exhibit 10.1 to Form 8-K
               October 21, 1986, by and between Registrant                dated November 6, 1986
               and CPA(R):3, collectively as Landlord, and
               Santee Dairies, Inc., as Tenant.
</TABLE>


                                      -22-
<PAGE>   13
<TABLE>
<CAPTION>
Exhibit                                                                     Method of
  No.             Description                                                 Filing
-------           -----------                                          --------------------

<S>            <C>                                                     <C>
    10.21      Lease Agreement dated June 14, 1988                     Exhibit 10.1 to Form 8-K
               by and between Registrant and CPA(R);8,                 dated June 29, 1988
               together, as Landlord, and Integra,
               as Tenant.

    28.1       Exchange and Conveyance of Property Deed                Exhibit 28.1 to Form 8-K
               dated June 14, 1988 from Integra, as                    dated June 29, 1988
               Transferor, to Registrant, as Transferee.

    28.2       Bill of Sale dated June 14, 1988 from                   Exhibit 28.2 to Form 8-K
               Integra, as Seller, to Registrant and                   dated June 29, 1988
               CPA(R):8, together, as Purchaser.

    28.3       Seller/Lessee's Certificate dated June 14,              Exhibit 28.3 to Form 8-K
               1988 from Integra, as Seller, to Registrant             dated June 29, 1988
               and CPA(R):8, together, as Purchaser.

    28.4       Prospectus of Registrant                                Exhibit 28.4 to Form 10-K/A
               dated October 28, 1982.                                 dated September 24, 1993


    28.5       Supplement dated December 2, 1982                       Exhibit 28.5 to Form 10-K/A
               to Prospectus dated October 28, 1982.                   dated September 24, 1993


    28.6       Supplement dated January 11, 1983                       Exhibit 28.6 to Form 10-K/A
               to Prospectus dated October 28, 1982.                   dated September 24, 1993


    28.7       Supplement dated May 25, 1983                           Exhibit 28.7 to Form 10-K/A
               to Prospectus dated October 28, 1982.                   dated September 24, 1993


    28.8       Press release dated June 30, 1993                       Exhibit 28.1 to Form 8-K
               announcing the suspension of secondary                  dated July 12, 1993
               market sales of Limited Partnership Units.
</TABLE>











     (b) Reports on Form 8-K

          During the quarter ended December 31, 1996 the Registrant was not
required to file any reports on Form 8-K.


                                      -23-
<PAGE>   14
                                   SIGNATURES



          Pursuant to the requirements of Section 13 or 15(d) 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.



                                    CORPORATE PROPERTY ASSOCIATES 4
                                    (a California limited partnership)



                                    BY:     CAREY CORPORATE PROPERTY, INC.



  06/23/97                          BY:      /s/ Claude Fernandez
 ----------                                  ---------------------------
    Date                                    Claude Fernandez
                                            Executive Vice President and
                                            Chief Administrative Officer
                                            (Principal Financial Officer)


                                      -24-