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 March 31, 1997
                      
                            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

                            MARCH 31, 1997 AND 1996






































<PAGE>



                       SUPER 8 ECONOMY LODGING IV, LTD.


                      (A California Limited Partnership)

                                    INDEX

Financial Statements:                                           PAGE

   Balance Sheet - March 31, 1997 and September 30, 1996          2

   Statement of Operations - Six Months Ended
   March 31, 1997 and 1996                                        3

   Statement of Changes in Partners' Equity -
   Six Months Ended March 31, 1997 and 1996                       4

   Statement of Cash Flows - Six Months Ended
   March 31, 1997 and 1996                                        5

   Notes to Financial Statements                                  6

   Management Discussion and Analysis                             7

   Other Information and Signatures                             8 - 9































<PAGE>
                        Super 8 Economy Lodging IV, Ltd.
                       (A California Limited Partnership)
                                 Balance Sheet
                      March 31, 1997 and December 31, 1996

                                                           3/31/97     9/30/96
                                                          ---------   ---------
                                 ASSETS
Current Assets:
Cash and temporary investments                           $  946,768  $  938,477
   Accounts receivable                                       24,904      21,563
   Prepaid expenses                                           1,613      12,789
                                                          ---------   ---------
    Total current assets                                    973,285     972,829
                                                          ---------   ---------
Property and Equipment:
   Land                                                     799,312     799,312
   Buildings                                              2,226,530   2,226,530
   Furniture and equipment                                  525,006     550,209
                                                          ---------   ---------
                                                          3,550,848   3,576,051
   Accumulated depreciation                              (1,768,281) (1,755,449)
                                                          ---------   ---------

    Property and equipment, net                           1,782,567   1,820,602
                                                          ---------   ---------

Other Assets:                                                63,975      48,141
                                                          ---------   ---------

    Total Assets                                         $2,819,827  $2,841,572
                                                          =========   =========

                        LIABILITIES AND PARTNERS' EQUITY
Current Liabilities:
   Accounts payable and accrued liabilities              $  106,439  $  111,444
                                                          ---------   ---------
    Total current liabilities                               106,439     111,444
                                                          ---------   ---------

    Total liabilities                                       106,439     111,444
                                                          ---------   ---------
Contingent Liabilities (See Note 1)

Partners' Equity:
   General Partners                                          (7,124)    (10,705)
   Limited Partners                                       2,720,512   2,740,833
                                                          ---------   ---------
    Total partners' equity                                2,713,388   2,730,128
                                                          ---------   ---------

Total Liabilities and Partners' Equity                   $2,819,827   2,841,572
                                                          =========   =========



   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
                For the Six Months Ended March 31, 1997 and 1996

                                 Three Months Six Months Three Months Six Months
                                    Ended       Ended       Ended       Ended
                                   3/31/97     3/31/97     3/31/96     3/31/96
                                  ---------   ---------   ---------   ---------
Income:
 Guest room                      $  415,746     842,962     351,052     714,230
 Telephone and vending                9,633      22,687      10,906      19,728
 Interest                             8,471      17,641       7,540      13,613
 Other                                  237         533         894       2,158
                                  ---------   ---------   ---------   ---------
  Total Income                      434,087     883,823     370,392     749,729
                                  ---------   ---------   ---------   ---------

Expenses:
 Motel operating expenses (Note 2)  184,850     391,000     186,105     377,023
 General and administrative           7,136      34,614       5,607      22,033
 Depreciation and amortization       28,604      56,642      28,863      56,748
 Property management fees            21,302      43,307      18,197      36,806
                                  ---------   ---------   ---------   ---------
  Total Expenses                    241,892     525,563     238,772     492,610
                                  ---------   ---------   ---------   ---------

 Net Income (Loss)               $  192,195     358,260     131,620     257,119
                                  =========   =========   =========   =========
Net Income (Loss) Allocable
 to General Partners                 $1,922      $3,583      $1,316      $2,571
                                   ========    ========    ========    ========
Net Income (Loss) Allocable
 to Limited Partners               $190,273    $354,677    $130,304    $254,548
                                   ========    ========    ========    ========
Net Income (Loss)
 per Partnership Unit                $19.03      $35.47      $13.03      $25.45
                                   ========    ========    ========    ========
Distribution to Limited Partners
 per Partnership Unit                $18.75      $37.50      $13.65      $27.30
                                   ========    ========    ========    ========














   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
                For the Six Months Ending March 31, 1997 and 1996


                                                           3/31/97     3/31/96
                                                          ---------   ---------
General Partners:
  Balance, beginning of year                             $  (10,707) $  (17,358)
    Net income (loss)                                         3,583       2,571
                                                          ---------   ---------
      Balance, End of period                                 (7,124)    (14,787)
                                                          ---------   ---------

Limited Partners:
  Balance, beginning of year                              2,740,835   2,675,386
    Net income (loss)                                       354,677     254,548
    Distributions to Limited Partners                      (375,000)   (273,000)
                                                          ---------   ---------
      Balance, End of Period                              2,720,512   2,656,934
                                                          ---------   ---------

      Total Partners' Equity                             $2,713,388  $2,642,147
                                                          =========   =========






























   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
                For the Six Months Ending March 31, 1997 and 1996

                                                           3/31/97     3/31/96
                                                          ---------   ---------
Cash Flows from Operating Activities:
 Received from motel revenues                            $  865,505  $  734,944
 Expended for motel operations and
  general and administrative expenses                      (479,084)   (458,933)
 Interest received                                           14,977      13,589
                                                          ---------   ---------
   Net Cash Provided (Used) by Operating Activities         401,398     289,600
                                                          ---------   ---------
Cash Flows from Investing Activities:
 Purchases of property and equipment                        (18,607)    (27,096)
 Proceeds from sale of land                                     500         -
                                                          ---------   ---------
   Net Cash Provided (Used) by Investing Activities         (18,107)    (27,096)
                                                          ---------   ---------

Cash Flows from Financing Activities:
 Distributions to limited partners                         (375,000)   (273,000)
                                                          ---------   ---------
   Net Cash Provided (Used) by Financing Activities        (375,000)   (273,000)
                                                          ---------   ---------

    Net Increase (Decrease) in Cash and
     Temporary Investments                                    8,291     (10,496)

Cash and Temporary Investments:
    Beginning of period                                     938,477     794,899
                                                          ---------   ---------

    End of period                                        $  946,768  $  784,403
                                                          =========   =========
Reconciliation of Net Income (Loss) to Net Cash Provided (Used) by
 Operating Activities:

 Net Income (Loss)                                       $  358,260  $  257,119
                                                          ---------   ---------
  Adjustments to reconcile net income to net cash used by operating activities:
     Depreciation and amortization                           56,642      56,748
     (Gain) loss on disposition of property and equipment      (500)        -
     (Increase) decrease in accounts receivable              (3,341)     (1,196)
     (Increase) decrease in prepaid expenses                 11,176      10,538
     (Increase) decrease in other assets                    (15,834)        -
     Increase (decrease) in accounts payable                 (5,005)    (33,609)
                                                          ---------   ---------
       Total Adjustments                                     43,138      32,481
                                                          ---------   ---------

       Net Cash Provided (Used) by Operating Activities  $  401,398  $  289,600
                                                          =========   =========

   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
                For the Six Months Ending March 31, 1997 and 1996

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,  1996 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                   $43,307
Franchise Fees                             $16,879

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 Six Months Three Months Six Months
                                    Ended       Ended       Ended       Ended
                                   3/31/97     3/31/97     3/31/96     3/31/96
                                  ---------   ---------   ---------   ---------
Salaries and related costs       $   74,954  $  151,156  $   78,156  $  149,860
Franchise and advertising fees       20,809      42,197      17,573      35,743
Utilities                            14,760      31,012      13,122      29,542
Allocated costs,
 mainly indirect salaries            22,055      46,602      22,909      47,780
Replacements and renovations          2,614       8,265         428       5,517
Other operating expenses             49,658     111,768      53,917     108,581
                                  ---------   ---------   ---------   ---------
Total motel operating expenses   $  184,850  $  391,000  $  186,105  $  377,023
                                  =========   =========   =========   =========



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






                                  - 6 -
<PAGE>
                        Super 8 Economy Lodging IV, Ltd.
                       (A California Limited Partnership)
                       Management Discussion and Analysis
                of Financial Condition and Results of Operation
                                March 31, 1997

LIQUIDITY AND CAPITAL RESOURCES

The Partnership's current assets of $973,285 exceeded its current liabilities of
$106,439  providing an operating reserve of $866,846,  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.  The
Partnership's   guideline  for  replacements  and  renovation   expenditures  is
approximately 3% of room revenues.  Applicable expenditures during the first six
months of the fiscal year which will end on September 30, 1997, were $26,873 (of
which $18,607 was  capitalized)  or 3.2% of room revenues.  Expenditures of this
type are not  expected to exceed the General  Partners' 3% guideline on a yearly
basis.

RESULTS OF OPERATIONS

The  following is a comparison  of operating  results for the six month  periods
ended March 31, 1997 and March 31, 1996.

Total  revenues  increased  $134,094 or 17.9% for the six months ended March 31,
1997 as compared to the corresponding period of the preceding fiscal year. Guest
room  revenue  increased  $128,732  or 18.0% for the  current  period  due to an
increase  in the  occupancy  rate to  75.9%  (as  compared  with  71.1%  for the
corresponding  period of the  preceding  fiscal year) and an increase in average
room rate from $53.83 in 1996 to $59.83 in 1997 for the comparative periods.

Total  expenditures  increased  $32,953 or 6.7% during the six months covered by
this report as compared to the previous fiscal year. The expenditure increase is
associated with the improved occupancy.

FUTURE TRENDS

The  General  Partners  expect the  Pleasanton  motel to continue  its  improved
performance  in the near-term  future.  Additional  motel rooms opened and under
construction in the Pleasanton  market may negatively  affect the  Partnership's
motel performance in the long-run.

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
                              -----------------
                                 None

     Item 2.                  Changes in Securities
                              ---------------------
                                 None

     Item 3.                  Defaults upon Senior Securities
                              -------------------------------
                                 None

     Item 4.                  Submission of Matters 
                              ---------------------
                                 None

     Item 5.                  Other Information
                              -----------------
                                 None

     Item 6.                  Exhibits and Reports on Form 8-K
                              --------------------------------
                                 None






















      




                                     - 8 -

<PAGE>




      

      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


              5-5-97          By /S/ David P. Grotewohl
              ------          -------------------------
               Date           David P. Grotewohl,
                              President of Grotewohl
                              Management Services, Inc.,
                              Managing General Partner







              5-5-97          By /S/ David P. Grotewohl 
              ------          -------------------------
               Date           David P. Grotewohl,
                              Chief Financial Officer





















                                     - 9 -