SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-Q

                  Quarterly Report Under Section 13 or 15(d) of
                       The Securities Exchange Act of 1934


       For the Period ended June 30, 1998       Commission File 0-11512

                         SUPER 8 ECONOMY LODGING IV, LTD
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                     CALIFORNIA                     94 - 2827163
           -------------------------------       ------------------
           (State or other jurisdiction of       (I.R.S. Employer
            incorporation or organization)       Identification No.)


        2030 J Street
        Sacramento, California                               95814
        --------------------------------------              --------
        Address of principal executive offices              Zip Code



        Registrant's telephone number,
        including area code                           (916) 442 - 9183

        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.


        Yes XX   No  __











<PAGE>








                        SUPER 8 ECONOMY LODGING IV, LTD.

                       (A California Limited Partnership)

                              FINANCIAL STATEMENTS

                             JUNE 30, 1998 AND 1997












































<PAGE>


                        SUPER 8 ECONOMY LODGING IV, LTD.

                       (A California Limited Partnership)

                                      INDEX

Financial Statements:                                              PAGE

   Balance Sheet - June 30, 1998 and September 30, 1997            2

   Statement of Operations - Nine Months Ended
   June 30, 1998 and 1997                                          3

   Statement of Changes in Partners' Equity -
   Nine Months Ended June 30, 1998 and 1997                        4

   Statement of Cash Flows - Nine Months Ended
   June 30, 1998 and 1997                                          5

   Notes to Financial Statements                                   6

   Management Discussion and Analysis                              7

   Other Information and Signatures                                8 - 10

































<PAGE>
                       Super 8 Economy Lodging IV, Ltd.
                       (A California Limited Partnership)
                                  Balance Sheet
                      June 30, 1998 and September 30, 1997

                                                          6/30/98      9/30/97
                                                        ----------   ----------
                                     ASSETS
Current Assets:
   Cash and temporary investments                      $   856,167  $ 1,079,735
   Accounts receivable                                      45,307       54,290
   Prepaid expenses                                          9,945       13,463
                                                        ----------   ----------
    Total current assets                                   911,419    1,147,488
                                                        ----------   ----------

Property and Equipment:
   Land                                                    799,311      799,311
   Buildings                                             2,246,419    2,246,419
   Furniture and equipment                                 527,588      519,267
                                                        ----------   ----------
                                                         3,573,318    3,564,997
   Accumulated depreciation                             (1,904,122)  (1,824,868)
                                                        ----------   ----------

    Property and equipment, net                          1,669,196    1,740,129
                                                        ----------   ----------

Other Assets:                                               82,584       63,975
                                                        ----------   ----------

    Total Assets                                       $ 2,663,199  $ 2,951,592
                                                        ==========   ==========

                        LIABILITIES AND PARTNERS' EQUITY
Current Liabilities:
   Accounts payable and accrued liabilities            $   101,820  $   126,020
                                                        ----------   ----------
    Total current liabilities                              101,820      126,020
                                                        ----------   ----------

    Total liabilities                                      101,820      126,020
                                                        ----------   ----------

Contingent Liabilities (See Note 1)

Partners' Equity:
   General Partners                                          2,730       (2,128)
   Limited Partners                                      2,558,649    2,827,700
                                                        ----------   ----------
    Total partners' equity                               2,561,379   2,825,572
                                                        ----------   ----------

Total Liabilities and Partners' Equity                 $ 2,663,199  $ 2,951,592
                                                        ==========   ==========

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

                                      - 2 -
<PAGE>
                        Super 8 Economy Lodging IV, Ltd.
                       (A California Limited Partnership)
                             Statement of Operations
                    Nine Months Ended June 30, 1998 and 1997

                             Three Months  Nine Months Three Months  Nine Months
                                 Ended        Ended        Ended        Ended
                                6/30/98      6/30/98      6/30/97      6/30/97
                              ----------   ----------   ----------   ----------

Income:
 Guest room                  $   450,996  $ 1,299,461  $   495,468  $ 1,338,430
 Telephone and vending             6,947       24,008        9,955       32,642
 Interest                          7,842       26,983        8,611       26,252
 Other                               541          770        1,746        2,279
                              ----------   ----------   ----------   ----------
  Total Income                   466,326    1,351,222      515,780    1,399,603
                              ----------   ----------   ----------   ----------

Expenses:
 Motel operating expenses
  (Note 2)                       209,013      630,679      222,444      613,443
 General and administrative      (89,703)      86,417        3,152       37,766
 Depreciation and amortization    27,429       82,139       28,050       84,692
 Property management fees         22,899       66,180       25,286       68,593
                              ----------   ----------   ----------   ----------
  Total Expenses                 169,638      865,415      278,932      804,494
                              ----------   ----------   ----------   ----------

 Net Income (Loss)           $   296,688  $   485,807  $   236,848  $   595,109
                              ==========   ==========   ==========   ==========

Net Income (Loss) Allocable
 to General Partners              $2,967       $4,858       $2,368       $5,951
                               =========   ==========   ==========   ==========

Net Income (Loss) Allocable
 to Limited Partners            $293,721     $480,949     $234,480     $589,158
                               =========   ==========   ==========   ==========

Net Income (Loss)
 per Partnership Unit             $29.37       $48.09       $23.45       $58.92
                               =========   ==========   ==========   ==========

Distribution to Limited Partners
 per Partnership Unit             $25.00       $75.00       $18.75       $56.25
                               =========   ==========   ==========   ==========









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

                                      - 3 -
<PAGE>
                        Super 8 Economy Lodging IV, Ltd.
                       (A California Limited Partnership)
                          Statement of Partners' Equity
                    Nine Months Ended June 30, 1998 and 1997




                                                          6/30/98      6/30/97
                                                        ----------   ----------
General Partners:
  Balance, beginning of year                           $    (2,128) $   (10,707)
    Net income (loss)                                        4,858        5,951
                                                        ----------   ----------
      Balance, End of period                                 2,730       (4,756)
                                                        ----------   ----------


Limited Partners:
  Balance, beginning of year                             2,827,700    2,740,835
    Net income (loss)                                      480,949      589,158
    Distributions to Limited Partners                     (750,000)    (562,500)
                                                        ----------   ----------
      Balance, End of Period                             2,558,649    2,767,493
                                                        ----------   ----------

      Total Partners' Equity                           $ 2,561,379  $ 2,762,737
                                                        ==========   ==========




























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

                                      - 4 -
<PAGE>
                        Super 8 Economy Lodging IV, Ltd.
                       (A California Limited Partnership)
                             Statement of Cash Flows
                    Nine Months Ended June 30, 1998 and 1997

                                                          6/30/98      6/30/97
                                                        ----------   ----------
Cash Flows from Operating Activities:
 Received from motel revenues                          $ 1,331,013  $ 1,345,755
 Expended for motel operations and
  general and administrative expenses                     (821,704)    (730,126)
 Interest received                                          29,192       25,878
                                                        ----------   ----------
    Net Cash Provided (Used) by Operating Activities       538,501      641,507
                                                        ----------   ----------
Cash Flows from Investing Activities:
 Purchases of property and equipment                       (12,069)     (31,286)
 Proceeds from sale of land                                   -             500
                                                        ----------   ----------
    Net Cash Provided (Used) by Investing Activities       (12,069)     (30,786)
                                                        ----------   ----------
Cash Flows from Financing Activities:
 Distributions to limited partners                        (750,000)    (562,500)
                                                        ----------   ----------
    Net Cash Provided (Used) by Financing Activities      (750,000)    (562,500)
                                                        ----------   ----------

     Net Increase (Decrease) in Cash and
      Temporary Investments                               (223,568)      48,221

Cash and Temporary Investments:
     Beginning of period                                 1,079,735      938,477
                                                        ----------   ----------

     End of period                                     $   856,167  $   986,698
                                                        ==========   ==========
Reconciliation of Net Income (Loss) to Net Cash Provided (Used) by
 Operating Activities:

   Net Income (Loss)                                   $   485,807  $   595,109
                                                        ----------   ----------
    Adjustments   to  reconcile  net  income  to  net  cash  used  by  operating
     activities:
      Depreciation and amortization                         82,139       84,692
      (Gain) loss on disposition of property and
       equipment                                               863         (500)
      (Increase) decrease in accounts receivable             8,983      (27,970)
      (Increase) decrease in prepaid expenses                3,518        3,698
      (Increase) decrease in other assets                  (18,609)     (15,834)
      Increase (decrease) in accounts payable              (24,200)       2,312
                                                        ----------   ----------
         Total Adjustments                                  52,694       46,398

        Net Cash Provided (Used) by
         Operating Activities                          $   538,501  $   641,507
                                                        ==========   ==========
    The accompanying notes are an integral part of the financial statements.

                                      - 5 -
<PAGE>
                        Super 8 Economy Lodging IV, Ltd.
                       (A California Limited Partnership)
                          Notes to Financial Statements
                                  June 30, 1998

Note 1:

The attached interim financial  statements include all adjustments which are, in
the opinion of management,  necessary to a fair statement of the results for the
period presented.

Users  of  these  interim  financial  statements  should  refer  to the  audited
financial  statements  for the year  ended  September  30,  1997 for a  complete
disclosure  of  significant  accounting  policies and practices and other detail
necessary for a fair presentation of the financial statements.

In accordance  with the  partnership  agreement,  the following  information  is
presented  related to fees paid to the General  Partners or  affiliates  for the
period.

Property Management Fees              $66,180
Franchise Fees                        $26,000

Partnership  management  fees  and  subordinated  incentive   distributions  are
contingent  in nature  and none have been  accrued or paid  during  the  current
period.

Note 2:

The following table summarizes the major components of motel operating  expenses
for the following periods:

                             Three Months Nine Months  Three Months  Nine Months
                                 Ended        Ended        Ended        Ended
                                6/30/98      6/30/98      6/30/97      6/30/97
                              ----------   ----------   ----------   ----------

Salaries and related costs   $    82,548  $   258,941  $    79,487  $   230,643
Franchise and
 advertising fees                 22,546       65,000       24,778       66,975
Utilities                         14,863       45,184       16,805       47,817
Allocated costs,
 mainly indirect salaries         23,877       75,595       22,157       68,759
Replacements and renovations      10,600       15,250        9,509       17,774
Other operating expenses          54,579      170,709       69,708      181,475
                              ----------   ----------   ----------   ----------

Total motel operating
 expenses                    $   209,013  $   630,679  $   222,444  $   613,443
                              ==========   ==========   ==========   ==========




The following additional material contingencies are required to be stated in the
interim reports under federal securities law: None.


                                      - 6 -
<PAGE>
                    SUPER 8 SUPER 8 ECONOMY LODGING IV, LTD.
                       (A California Limited Partnership)
                       MANAGEMENT DISCUSSION AND ANALYSIS
                 OF FINANCIAL CONDITION AND RESULTS OF OPERATION
                                  JUNE 30, 1998

LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 1998, the  Partnership's  current assets of $911,419 exceeded its
current  liabilities  of $101,820  providing an  operating  reserve of $809,599,
which is greater than the $455,000  target set by the General  Partners.  In the
unlikely event that the Partnership's  reserves do not meet operating needs, the
Partnership's  Pleasanton,  California motel will provide substantial collateral
against additional debt.

The Partnership has no material commitments for capital expenditures. Renovation
and  replacement  expenditures  during the first nine  months of the fiscal year
which will end on  September  30,  1998,  were  $27,319  (of which  $12,069  was
capitalized) or 2.1% of room revenues.

RESULTS OF OPERATIONS

The  following is a comparison  of operating  results for the nine month periods
ended June 30, 1998 and June 30, 1997.

Total revenues decreased $48,381 or 3.5% for the nine months ended June 30, 1998
as compared to the corresponding period of the preceding fiscal year. Guest room
revenue  decreased  $38,969 or 2.9% for the  current  period as  compared to the
corresponding  period of the  previous  fiscal year.  This  decrease is due to a
decrease in  occupancy  from 78.0% in 1997 to 69.0% in 1998 which was  partially
offset by an  increase  in  average  room rate from  $61.65 in 1997 to $67.61 in
1998.  The decreased  occupancy is due to the opening of five motels  containing
approximately   500  guestrooms  in  the  Pleasanton  area,  all  of  which  are
competitive with our motel.

Total  expenditures  increased $60,921 or 7.6% during the nine months covered by
this  report  as  compared  to  the  previous   fiscal  year.  The  increase  in
expenditures is due to increases in the minimum wage and to legal, appraisal and
other costs associated with the potential partnership liquidation.

FUTURE TRENDS

The General  Partners expect the Pleasanton motel to continue its performance if
the current improvement in the general economic climate continues.

As  discussed  in  more  detail  in  the  following   section   labeled   "Legal
Proceedings,"  the General Partners have agreed to offer the motels for sale and
to present any offer that equals or exceeds 75% of the  appraised  value for the
approval of the limited partners.

In the opinion of management, these financial statements reflect all adjustments
which were  necessary  to a fair  statement  of results for the interim  periods
presented. All adjustments are of a normal recurring nature.





                                      - 7 -
<PAGE>

                           PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

On October 27, 1997 a complaint was filed in the United States  District  Court,
Eastern District of California by the registrant,  the Managing General Partner,
and  four  other  limited  partnerships  (together  with  the  registrant,   the
"Partnerships")  as to which the  Managing  General  Partner  serves as  general
partner (i.e.,  Super 8 Motels,  Ltd.,  Super 8 Motels II, Ltd.,  Super 8 Motels
III, Ltd. and Famous Host Lodging V, L.P.),  as plaintiffs.  The complaint named
as defendants  Everest/Madison  Investors,  LLC, Everest Lodging Investors, LLC,
Everest  Properties,  LLC, Everest  Partners,  LLC, Everest  Properties II, LLC,
Everest  Properties,  Inc., W. Robert  Kohorst,  David I. Lesser,  The Blackacre
Capital Group,  L.P.,  Blackacre Capital  Management  Corp.,  Jeffrey B. Citron,
Ronald J.  Kravit,  and  Stephen P.  Enquist ( the  "Everest  Defendants").  The
factual basis underlying the plaintiffs'  causes of actions  pertained to tender
offers  directed  by  certain  of the  defendants  to  limited  partners  of the
Partnerships,  and to  indications of interest made by certain of the defendants
in purchasing  the property of the  Partnerships.  The  complaint  requested the
following  relief:  (i) a declaration  that each of the  defendants had violated
Sections  13(d),  14(d) and 14(e) of the  Securities  Exchange  Act of 1934 (the
"Exchange Act"), and the rules and regulations promulgated by the Securities and
Exchange  Commission  thereunder;   (ii)  a  declaration  that  certain  of  the
defendants  had  violated  Section  15(a) of the  Exchange Act and the rules and
regulations thereunder; (iii) an order permanently enjoining the defendants from
(a)  soliciting  tenders  of  or  accepting  for  purchase   securities  of  the
Partnerships,  (b)  exercising  any voting  rights  attendant to the  securities
already acquired, (c) soliciting proxies, and (d) violating Sections 13 or 14 of
the Exchange Act or the rules and regulations  promulgated  thereunder;  (iv) an
order enjoining  certain of the defendants  from violating  Section 15(a) of the
Exchange Act and the rules and regulations promulgated thereunder;  (v) an order
directing  certain of the defendants to offer to each person who sold securities
to such  defendants the right to rescind such sale; and (vi) a declaration  that
the  Partnerships  need not provide to the defendants a list of limited partners
in the Partnerships or any other information  respecting the Partnerships  which
is not publicly available.

On October 28, 1997 a complaint was filed in the Superior  Court of the State of
California,   Sacramento   County  by  Everest   Lodging   Investors,   LLC  and
Everest/Madison  Investors,  LLC, as plaintiffs,  against  Philip B.  Grotewohl,
Grotewohl Management Services,  Inc., Kenneth M. Sanders,  Robert J. Dana, Borel
Associates,  and BWC  Incorporated,  as  defendants,  and the  Partnerships,  as
nominal defendants.  The factual basis underlying the causes of action pertained
to the  receipt  by the  defendants  of  franchise  fees  and  reimbursement  of
expenses,  the  indications of interest made by the plaintiffs in purchasing the
properties of the nominal defendants,  and the alleged refusal of the defendants
to provide  information  required by the terms of the Partnerships'  partnership
agreements and California law. The complaint requested the following relief: (i)
a  declaration  that the action has a proper  derivative  action;  (ii) an order
requiring the defendants to discharge their fiduciary duties to the Partnerships
and to enjoin them from breaching their fiduciary duties;  (iii) disgorgement of
certain profits; (iv) appointment of a receiver; and (v) an award for damages in
an amount to be determined.




                                      - 8 -
<PAGE>

                     PART II. OTHER INFORMATION (Continued)


On February 20, 1998, the parties  entered into a settlement  agreement and both
of the above complaints were dismissed.  Pursuant to the terms of the settlement
agreement,  among other things,  the General  Partner has agreed to proceed with
the marketing for sale of the  properties  of the  Partnerships,  if by June 30,
1998, it receives an offer to purchase one or more  properties  for a cash price
equal to 75% or more of the appraised  value.  In addition,  the General Partner
has agreed to submit the offer for approval to the limited  partners as required
by the  partnership  agreements and applicable law. The General Partner has also
agreed that upon the sale of one or more properties,  to distribute promptly the
proceeds of the sale after  payment of payables and retention of reserves to pay
anticipated expenses. The Everest Defendants agreed not to generally solicit the
acquisition of any  additional  units of the  Partnerships  without first filing
necessary  documents with the SEC. Under the terms of the settlement  agreement,
the  Partnerships  have agreed to reimburse the Everest  Defendants  for certain
costs not to exceed  $60,000,  to be allocated among the  Partnerships.  Of this
amount,  the Partnership will pay approximately  $12,000 during the year covered
by this report.

Item 2.  Changes in Securities

           None

Item 3.  Defaults upon Senior Securities

           None

Item 4.  Submission of Matter to the Vote of Security Holders

           None

Item 5.  Other Information

           See Notes to Financial Statements

Item 6.  Exhibits and Reports on Form 8-K

           None

















                                      - 9 -
<PAGE>





                                   SIGNATURES

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





                                       SUPER 8 ECONOMY LODGING IV, Ltd.

8-13-98                          By /S/ Philip B. Grotewohl
-------                                 ---------------------
  Date                                    Philip B. Grotewohl,
                                          Chairman of Grotewohl Management
                                          Services, Inc.,
                                          Managing General Partner

8-13-98                          By /S/ Philip B. Grotewohl
-------                                 ---------------------
  Date                                    Philip B. Grotewohl,
                                          Chief executive officer,
                                          chief financial officer,
                                          chief accounting officer
                                          and sole director of
                                          Grotewohl Management Services, Inc.,
                                          Managing General Partner

























                                      - 10 -