FORM 10-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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

For the fiscal year ended December 31, 1997

                                       OR

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

For the transition period from..............to..................

Commission file number 0-17713

                         SILVER SCREEN PARTNERS IV, L.P.
                        (a Delaware Limited Partnership)
                  (Exact name of registrant as specified in its
                Certificate and Agreement of Limited Partnership)

Delaware                            06-1236433
-------------------------------     --------------------
(State or other jurisdiction of     (I.R.S. Employer
 incorporation or organization)      Identification No.)

Chelsea Piers - Pier 62, Ste. 300
New York, New York                          10011
----------------------------------------    ----------
(Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code (212) 336-6700

Securities registered pursuant to Section 12(b) of the Act:  NONE

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


                      UNITS OF LIMITED PARTNERSHIP INTEREST

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,  and (2) has been subject to such filing  requirements
for the past 90 days.

                                    YES   X                   NO
                                        -----                    -----

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K 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 IV of this Form 10-K or any amendment to this
Form 10-K.[ ]



                                       1
<PAGE>


                                     PART I

ITEM 1.   BUSINESS.

     Silver  Screen  Partners  IV, L.P.  ("Silver  Screen IV") was  organized in
December  1987.  A public  offering  of units of  assigned  limited  partnership
interests  was  completed  in October  1988,  which raised $400  million.  After
payment of offering costs and fees, approximately $357 million was available for
investment in films (the "Net Offering Proceeds").

     Silver Screen IV entered into a Joint Venture agreement (the "Joint Venture
Agreement")  with  The  Walt  Disney  Company  ("Disney")  for  the  purpose  of
financing,  (in whole or in part),  producing and  exploiting all feature length
theatrical motion pictures selected for production by Disney from the time funds
provided by Silver Screen IV began to be utilized (the "Joint  Venture  Films").
Silver  Screen IV was  obligated to use its best efforts to provide to the Joint
Venture  funds in an amount equal to 150% of the gross  proceeds of the offering
(all amounts being contributed  toward the Joint Venture Films being hereinafter
referred  to as the  "Partnership  Contribution").  Amounts in excess of the Net
Offering   Proceeds  have  been  derived  from  revenues   earned  on  temporary
investments of Net Offering Proceeds prior to investment in Joint Venture Films,
revenues  received by Silver  Screen IV from the Joint  Venture's  investment in
Joint  Venture Films and, to the extent  necessary,  borrowings by Silver Screen
IV.  Pursuant to the terms of Silver Screen IV's Amended and Restated  Agreement
of Limited Partnership (the "Partnership  Agreement"),  which is incorporated by
reference  as Exhibit 4 hereto,  Silver  Screen IV had the  authority  to borrow
funds in an amount up to 75% of the gross proceeds of the offering.

     On December 21,  1990,  Silver  Screen IV  established  a revolving  credit
facility  of   $60,000,000   with  a  syndicate  of  commercial   banks  led  by
Manufacturers Hanover Trust Company. On October 1, 1991 the facility was reduced
to  $20,000,000,  and on January 17, 1992 the  facility was  discontinued.  This
facility  was  utilized  by Silver  Screen IV to meet its best  efforts  funding
obligation  to  provide  funds to the Joint  Venture  equal to 150% of the gross
proceeds of the offering. Under the facility, Silver Screen IV borrowed funds at
interest rates of prime plus 1/2%.



                                       2
<PAGE>



     Buena Vista Pictures Distribution, Inc. (formerly Buena Vista Distribution,
Inc.)  ("BV"),  a  wholly-owned  subsidiary  of  Disney,  has been  licensed  to
distribute  all  Joint  Venture  Films  in all  media  and  in  all  territories
throughout the world.  BV has paid and will pay the expenses in connection  with
the worldwide distribution of each Joint Venture Film.

     The  business of Silver  Screen IV is managed by Silver  Screen  Management
Services,  Inc.,  a Delaware  corporation  which is a general  partner of Silver
Screen IV (the  "Managing  General  Partner").  Silver  Screen  IV  participates
through  Disney-Silver  Screen IV Joint  Venture  (the "Joint  Venture")  in the
production,  ownership  and  exploitation  of the Joint Venture Films and in the
distribution  and  marketing  of the  Joint  Venture  Films in all  primary  and
ancillary  markets.   The  Managing  General  Partner  is  responsible  for  the
preparation  of  reports  and tax  information  to be  provided  to the  Limited
Partners.

     Silver Screen IV had commitments to thirty-three  films,  all of which have
been  completed  and released  with total  budgets  amounting  to  approximately
$599,000,000,  of which  substantially all was expended as of December 31, 1994.
Accordingly,  the Partnership will not finance or purchase any additional motion
pictures.  These  films  are:  "The Good  Mother,"  released  November  4, 1988;
"Beaches,"  released December 21, 1988; "Three Fugitives,"  released January 27,
1989;  "Disorganized  Crime," released April 14, 1989; "The Dead Poets Society,"
released June 2, 1989;  "Turner and Hooch," released July 28, 1989; "An Innocent
Man" released October 6, 1989; "Gross Anatomy,"  released October 20, 1989; "The
Little Mermaid,"  released  November 15, 1989;  "Blaze,"  released  December 13,
1989; "Where the Heart Is," released February 23, 1990; "Pretty Woman," released
March  23,  1990;  "Ernest  Goes to  Jail,"  released  April  6,  1990;  "Spaced
Invaders,"  released  April 27,  1990;  "Dick  Tracy,"  released  June 15, 1990;
"Betsy's Wedding,"  released June 22, 1990; "Taking Care of Business,"  released
August 17, 1990; "Mr.  Destiny,"  released  October 12, 1990; "The Rescuers Down
Under,"  released  November 16, 1990;  "White Fang," released  January 18, 1991;
"Run," released  February 1, 1991;  "Scenes From a Mall," released  February 22,
1991;  "The Marrying Man," released April 5, 1991;  "Oscar,"  released April 26,
1991;  "One Good Cop,"  released  May 3, 1991;  "Wild  Hearts  Can't Be Broken,"
released May 24, 1991;  "The  Rocketeer,"  released June 21, 1991; "The Doctor,"
released  July 24,  1991;  "V.I.  Warshawski,"  released  July 26,  1991;  "True
Identity,"  released August 23, 1991;  "Deceived,"  released September 27, 1991;
"Beauty  and the  Beast,"  released  November  15,  1991;  and  "Blame it on the
Bellboy," released on February 28, 1992.




                                       3
<PAGE>



Buyout
------

     Silver  Screen  IV  has  entered  into  a  Letter  Agreement  (the  "Buyout
Agreement")  with Disney  dated  September  11, 1995  providing  for the sale to
Disney of all of Silver  Screen IV's interest in the Joint  Venture.  The Buyout
Agreement  provides for the payment of the purchase  price of  $330,000,000,  in
cash (subject to certain  adjustments with respect to revenues received from the
exploitation  of animated  films.) Closing is scheduled to occur on November 30,
1998 subject to satisfaction of certain customary conditions. In addition to the
purchase price, the Buyout  Agreement  provides that BV will continue to account
for and make  payments to the Joint  Venture,  as  required by the  Distribution
Agreement (as defined  below) for all revenues  received by BV through April 30,
1998. The Managing  General Partner expects that  distributions to Silver Screen
IV from the Joint Venture will  diminish,  since most of the Joint Venture films
have been exploited in most markets and all required Revenue Shortfall  Payments
have been received.  The Buyout Agreement has been filed as an exhibit to Silver
Screen IV's quarterly report on Form 10-Q dated September 30, 1995 and the terms
thereof are incorporated herein by reference.


Joint Venture Agreement
-----------------------

     Each Joint Venture Film was produced in  accordance  with the Joint Venture
Agreement.  Under the Joint Venture  Agreement,  Silver Screen IV contributed to
the Joint Venture all amounts included in the Partnership  Contribution.  Disney
contributed  all motion picture  projects  developed and selected for production
until the Partnership  Contribution was fully  committed.  Disney also furnished
production  services for all the Joint  Venture  Films and furnished or obtained
all financing not furnished by Silver Screen IV.

     Some of the Joint  Venture  Films have been  produced by third  parties and
acquired by the Joint  Venture in  completed  form (the  "Acquired  Films").  As
provided  in the Joint  Venture  Agreement,  the  allocation  of  revenues  from
Acquired  Films are the same as for Joint  Venture  films,  except in  instances
where alternative  arrangements have been entered into as permitted by the Joint
Venture Agreement.

     Contributions  by Silver Screen IV to the Joint Venture were made on a film
by film basis and were based upon budgeted  production  cost (the "Budgeted Film
Cost") of all Joint  Venture  Films  produced by the Joint  Venture and upon the
acquisition cost (the "Acquisition Cost") of all Acquired Films. The Partnership
Contribution was committed to the Joint Venture, film by film, in the order that
each Joint Venture Film commenced principal  photography by the Joint Venture in
an  amount  equal  to 100% of the  Budgeted  Film  Cost  (or,  in the case of an
Acquired Film, the Acquisition  Cost) of each such Joint Venture Film until such
time as the entire Partnership  Contribution was so committed.  Silver Screen IV
was not  obligated to commit funds with respect to any one Joint Venture Film in
excess of $20,000,000 in the case of any Disney  animated film,  Touchstone film
and any film produced by Hollywood Pictures, Inc., a newly-created  wholly-owned
subsidiary  of Disney,  or in excess of  $15,000,000,  in the case of any Disney
non-animated film.




                                       4
<PAGE>



     Disney  was  solely  responsible  for the  development  of  motion  picture
projects for financing by the Joint Venture,  the production (or  acquisition in
the case of an Acquired  Film) by the Joint  Venture of each Joint  Venture Film
and the delivery by the Joint  Venture of each such Joint  Venture Film to BV in
full  compliance  with the terms and  conditions of the  Distribution  Agreement
between  the  Joint  Venture  and BV (the  "Distribution  Agreement").  Disney's
production  responsibilities  included all services  customarily  performed by a
major studio.  Disney was  responsible for any cost overruns and acted in effect
as completion guarantor.

     The Budgeted  Film Cost of each Joint  Venture  Film  consists of all costs
customarily  included as direct production costs in the motion picture industry,
including  overhead of 17-1/2%.  The Budgeted  Film Cost also includes all fixed
deferments,  bonuses and  participations  in gross  receipts  payable before the
Joint  Venture has recouped  its  investment  in that Joint  Venture  Film,  all
deferred guaranteed  compensation and an additional development fee to Disney in
the amount of $500,000.  The budget of each Joint  Venture Film must be approved
in writing by both parties,  acting  reasonably,  prior to the  commencement  of
principal  photography.  Disney  is  empowered  to grant  participations  in the
profits  of any  Joint  Venture  Film to third  parties  on  behalf of the Joint
Venture up to an amount no greater in the aggregate  than 55% of 100% of the net
profits  of any  non-animated  Joint  Venture  Film  and  50% of 100% of the net
profits of any animated Joint Venture Film.

     If the average production cost per film for all Joint Venture Films is less
than $16,500,000, Silver Screen IV will pay Disney an Underbudget Bonus equal to
the difference  between  $16,500,000  and the average  production  cost, up to a
maximum of $500,000 per Joint  Venture  Film,  multiplied by the total number of
Joint Venture Films. The Underbudget  Bonus, if paid, will be deemed to increase
the  Budgeted  Film  Cost (or  Acquisition  Cost) of all  Joint  Venture  Films.
Production  Cost excludes  certain items included in Budgeted Film Cost.  Disney
may exclude from such calculations with respect to up to two Joint Venture Films
amounts  expended by Disney on the Budgeted Film Costs or  Acquisition  Costs in
excess of the maximum  contributions  of Silver Screen IV provided  therefore in
the Joint Venture  Agreement.  Based on the cost of all Joint Venture films,  no
Underbudget Bonus has been paid.




                                       5
<PAGE>



     The revenue formula under the Joint Venture Agreement is designed to assure
that Silver Screen IV will receive Joint Venture distributions equal to not less
than 100% of the Partnership Contribution applied toward the Joint Venture Films
on a film by film basis  before  Disney  recoups  cost  overruns or receives any
share of profits. All revenues of the Joint Venture are derived exclusively from
the  revenues  allocated  to the  Joint  Venture  pursuant  to the  Distribution
Agreement  during the term  thereof.  Revenues  received by the Joint Venture in
respect of Joint  Venture  Films  have been and will be  allocated  between  the
parties as follows:

          ---100%  to Silver  Screen IV and  Disney in  proportion  to
     their respective actual  investments in the Budgeted Film Cost of
     each Joint  Venture Film until they have  recovered the amount of
     the Budgeted Film Cost actually  expended or the Acquisition Cost
     of such Joint Venture Film;

          ---thereafter,  100% to Disney until Disney has recouped any
     cost overruns;

          ---thereafter,  after payment of applicable  participations,
     75% to Silver  Screen IV and 25% to Disney;  provided that in the
     event that Silver  Screen IV has  committed to less than the full
     amount of the Budgeted Film Cost or Acquisition Cost of a Film as
     permitted  by the Joint  Venture  Agreement,  the  percentage  of
     revenues  allocable to Silver Screen IV with respect to such Film
     will be equal to 75% of the percentage of such Budgeted Film Cost
     or Acquisition Cost committed by Silver Screen IV, with remainder
     allocated to Disney; and

          ---thereafter,  after payment of applicable  participations,
     62-1/2% to Silver Screen IV and 37-1/2% to Disney,  provided that
     in the event that Silver Screen IV has committed to less than the
     full amount of the Budgeted  Film Cost or  Acquisition  Cost of a
     Film as permitted by the Joint Venture Agreement,  the percentage
     of revenues  allocable  to Silver  Screen IV with respect to such
     Film will be equal to 62-1/2% of the  percentage of such Budgeted
     Film Cost or Acquisition Cost committed by Silver Screen IV, with
     the remainder allocated to Disney.




                                       6
<PAGE>



     In addition, certain other payments in respect of "Revenue Shortfalls" will
be payable to the Joint  Venture.  The Revenue  Shortfall for each Joint Venture
Film is the difference, if any, between the Budgeted Film Cost actually expended
or Acquisition Cost and the sum of all revenues  actually  received by the Joint
Venture from BV as of a settlement date (the  "Settlement  Date") occurring five
years  after the U.S.  theatrical  release of such Joint  Venture  Film.  On the
Settlement  Date of each Joint Venture Film, BV is obligated to pay to the Joint
Venture  an  amount  equal to the  Revenue  Shortfall  (the  "Revenue  Shortfall
Payment"), if any, provided, that in no event will the Revenue Shortfall Payment
be greater than the revenues  retained by BV with respect to such Joint  Venture
Film from all markets  subject to adjustment in certain cases.  During the years
ended  December 31, 1996 and 1995 Silver  Screen IV received  Revenue  Shortfall
Payments amounting to $87.0 and $26.0 million respectively.


Distribution Agreement
----------------------

     Pursuant  to the  Distribution  Agreement,  BV will  distribute  the  Joint
Venture Films for a term ending  December 31, 1998, in all media  throughout the
world.

     BV  (either  directly  or  through  third-party   licensees  or  affiliated
companies)  is obligated  to release and  distribute  each of the Joint  Venture
Films delivered to it in accordance with and subject to customary and reasonable
business  practices in the motion picture  industry in all media  throughout the
world, including theatrical, non-theatrical,  television, cable television, home
video,   syndication,   music,   print   publication,   merchandising   and  new
technologies.

     BV has  paid  and  will  pay all  costs  incurred  in  connection  with the
promotion,  marketing and distribution of each Joint Venture Film. In connection
with the U.S. theatrical release of each Joint Venture Film, BV has committed to
expend certain minimum amounts.  The Distribution  Agreement provides that BV is
entitled to customary distribution fees, which vary in each medium, and that the
Joint  Venture is entitled to an  escalating  percentage  of the gross  proceeds
generated by theatrical distribution of each Joint Venture Film.



                                       7
<PAGE>




Competition
-----------

     Silver Screen IV is in competition  with other  institutions  which provide
financing  for films,  some of which have  substantially  greater  financial and
personnel  resources  than the Managing  General  Partner and Silver  Screen IV.
These institutions include the major film studios and television networks. There
is  substantial  competition  in the industry for a limited number of producers,
directors, actors and properties which are able to attract major distribution in
all media and all markets throughout the world.

     There is intense  competition  within the industry for  exhibition  time at
theaters  and for the  attention  of the  movie-going  public.  Competition  for
distribution  in other  media is as intense as the  competition  for  theatrical
distribution.


Employees
---------

     Silver  Screen  IV  has  no  employees.  Silver  Screen  IV's  business  is
administered by the staff of the Managing General Partner.


ITEM 2.   PROPERTIES.

     Silver  Screen IV  neither  owns nor leases any  physical  properties.  The
Managing General Partner occupies offices in New York, New York.

ITEM 3.   LEGAL PROCEEDINGS.

     Silver  Screen IV knows of no legal  proceedings  of a  material  nature to
which it is a party or of which any of its properties is the subject.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

     No matter was  submitted to a vote of security  holders  during the quarter
ended December 31, 1997.





                                       8
<PAGE>




                                     PART II

ITEM 5.   MARKET FOR THE REGISTRANT'S UNITS AND
          RELATED SECURITY HOLDER MATTERS.

     As of  February  17,  1998,  there were 50,539  Limited  Partners of record
holding an aggregate of 800,000  limited  partnership  units of Silver Screen IV
(the "Units"). The Units are not traded securities in any market.

     The  Partnership  Agreement  of Silver  Screen IV  provides  for  quarterly
distributions  to Limited  Partners  out of  receipts  from  operations,  net of
certain  expenses  and  reserves.  See the  material  set forth  under "Item 11.
Executive  Compensation." Two distributions were made to the Limited Partners in
1997 which agregated  $12,200,000.  The  distributions per unit were as follows:
April 25 - $8.75 and  October 24 - $6.50.  Four  distributions  were made to the
Limited Partners in 1996 which aggregated  $105,200,000.  The  distributions per
unit were as follows:  January 26 - $15.00;  April 26 - $30.00; July 26 - $52.50
and October 26 - $34.00.

     During 1996  certain  groups not  affiliated  with Silver  Screen IV or the
Managing  General  Partner made limited  tender offers to acquire Units directly
from Limited  Partners.  Silver Screen IV has informed Limited Partners that the
per Unit prices offered in such tender offers appears to be less than the amount
per Unit expected to be distributed to Limited  Partners upon the termination of
Silver Screen IV (expected to be by the end of 1998).



                                       9
<PAGE>



ITEM 6.   SELECTED FINANCIAL DATA.
<TABLE>
<CAPTION>
                         Year ended      Year ended      Year ended      Year ended     Year ended
                        December 31,    December 31,    December 31,    December 31,   December 31,
                            1997           1996            1995            1994            1993
                        ------------   ------------    ------------    ------------    ------------
<S>                     <C>            <C>             <C>             <C>             <C>
REVENUES:
Income from Joint
 Venture ............   $ 14,716,819   $ 77,285,458    $  9,531,277    $ 23,023,577    $ 60,811,416
Interest income .....        256,120      2,633,888       2,604,893       1,927,300       1,458,200
                        ------------   ------------    ------------    ------------    ------------
                          14,972,939     79,919,346      12,136,170      24,950,877      62,269,616
                        ------------   ------------    ------------    ------------    ------------
EXPENSES:
General and
 administrative
 expenses ...........        467,289      3,209,723       4,078,150       3,592,351       3,418,833
Interest and
 borrowing costs ....           --             --              --              --              --
                        ------------   ------------    ------------    ------------    ------------
                             467,289      3,209,723       4,078,150       3,592,351       3,418,833
                        ------------   ------------    ------------    ------------    ------------
Income before
 taxes . ............     14,505,650     76,709,623       8,058,020      21,358,526      58,850,783
Unincorporated
 business tax .......           --        1,148,519            --              --              --
                        ------------   ------------    ------------    ------------    ------------
Net income .........    $ 14,505,650   $ 75,561,104    $  8,058,020    $ 21,358,526    $ 58,850,783
                        ============   ============    ============    ============    ============
Net income per
$500 limited
partnership unit
(based on 800,000
Units outstanding ..    $      16.32   $      90.82    $       9.97    $      26.43    $      72.83
                        ============   ============    ============    ============    ============
Cash distribution
per $500 limited
partnership  unit ..    $      15.25   $     131.50    $      75.00    $      70.00    $     131.00
                        ============   ============    ============    ============    ============
Total assets .......    $ 77,435,595   $100,321,447    $138,506,425    $193,395,146    $225,932,541
                        ============   ============    ============    ============    ============
</TABLE>

                       See notes to financial statements



                                       10
<PAGE>




ITEM 7.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS.

Results of Operations
---------------------

     The  following is an analysis of the results of operations of Silver Screen
IV for the years ended December 31, 1997, 1996 and 1995.

     Silver  Screen IV is a partnership  and therefore  generally not subject to
U.S.  federal  taxes.  No provision has been made for federal  income taxes with
respect to Silver Screen IV's income since income or loss of Silver Screen IV is
required to be reported by the respective partners on their income tax returns.


Year Ended December 31, 1997 Compared to Year Ended December 31, 1996
---------------------------------------------------------------------

     Net  Income  for  the  year  ended  December  31,  1997  was  approximately
$14,506,000  compared to net income of  approximately  $75,561,000  for the year
ended  December 31, 1996.  Income for the year ended December 31, 1997 consisted
of income  from the Joint  Venture of  approximately  $14,717,000,  compared  to
$77,285,000  for the prior year.  Most of the films in which the Partnership has
an  interest  have been  released  in the  theatrical,  home video and pay cable
markets.  Income from the Joint Venture in 1997 was principally derived from the
final Revenue  Shortfall  payment from "Blame it on the Bellboy" and  additional
revenue was received from "Little  Mermaid," "The Rescuers Down Under,"  "Beauty
and the Beast," and "Pretty Woman."

     Interest  income  generated by the  temporary  investments  of cash pending
distribution to partners for the year ended December 31, 1997 was  approximately
$256,000  compared to $2,634,000  for the prior annual  period.  The decrease of
approximately  $2,378,000 from the prior annual period is due to the decrease in
funds available for investment. Interest rates ranged from 4.8% to 5.63% in 1997
while  those for 1996  ranged  from 4.65% to 5.8%.  General  and  administrative
expenses  for the year  ended  December  31,  1997 were  approximately  $467,000
compared to $3,210,000 for the prior annual  period.  The reduction is primarily
due to the payment of overhead fee to the Managing  General Partner  eliminating
the interest  charged under unpaid overhead fee which  aggregated  approximately
$2,297,000 in 1996. In addition  there were  reductions in expenses  relating to
the sale of the  Partnership's  interest in the Joint  Venture of  $185,000  and
reductions in general and administrative expenses in 1997.



                                       11
<PAGE>




Year Ended December 31, 1996 Compared to Year Ended December 31, 1995
---------------------------------------------------------------------

     Net  Income  for  the  year  ended  December  31,  1996  was  approximately
$75,561,000  compared  to net income of  approximately  $8,058,000  for the year
ended  December 31, 1995.  Income for the year ended December 31, 1996 consisted
of income  from the Joint  Venture of  approximately  $77,285,000,  compared  to
$9,531,000  from the prior year.  Most of the films in which the Partnership has
an interest have been released in the theatrical, home video, pay cable markets.
However,  income from the Joint Venture  increased by approximately  $67,754,000
due to revenue Shortfall payments from "Scenes from a Mall," "V.I.  Warshawski,"
"One Good Cop," "The  Marrying  Man,"  "True  Identity,"  "Oscar,"  "Run,"  "The
Rocketeer,"  "Wild  Hearts  Can't be  Broken,"  "Deceived,"  and  "The  Doctor."
Additional revenue amounts were generated from other films in the portfolio.

     Interest income generated by temporary investments of cash which is pending
distributions to partners for the year ended December 31, 1996 was approximately
$2,634,000,  a $29,000 increase from the prior year.  Interest rates ranged from
4.65% to 5.8% in 1996 while those for 1995 ranged from 5% to 6.04%.  General and
administrative  expenses for the year ended December 31, 1996 were approximately
$3,210,000,  a $868,000  decrease from the prior annual period.  The compounding
effect of the  overhead  fee is  responsible  for a  decrease  of  approximately
$350,000, while expenses associated with the preparation for the negotiations of
the  sale of the  Partnership's  interest  in the  Joint  Venture  decreased  by
$452,000.  Reporting to partners  and film audit and general and  administrative
expenses decreased by approximately $66,000.

     On September 30, 1996,  Silver  Screen IV received an  assessment  from New
York City  regarding  unincorporated  business  tax  covering  all periods  from
inception  through December 31, 1995 of $1,095,100  (including  interest).  This
liability was paid on the date of assessment.  The  Unincorporated  Business Tax
Expense  reflects  the  excess  of  this  payment  over  an  amount   previously
established as a contingency reserve plus a provision for 1996.


Investment in Joint Venture
---------------------------

     The  investment  in the Joint  Venture was  accounted  for using the equity
method of  accounting.  Under the equity  method,  the  investment was initially
recorded  at  cost,  and was  thereafter  increased  by  additional  investment,
adjusted  by  Silver  Screen  IV's  share  of the  Joint  Venture's  results  of
operations and reduced by  distributions  received from the Joint  Venture.  The
Joint  Venture's  fiscal year ends September 30, while Silver Screen IV's fiscal
year ends December 31.




                                       12
<PAGE>



     Silver  Screen IV  entered  into the Buyout  Agreement  with  Disney  dated
September 11, 1995 providing for the sale to Disney of all of Silver Screen IV's
interest in the Joint Venture.  The Buyout Agreement provides for the payment of
the purchase price of $330,000,000  in cash (subject to certain  adjustment with
respect to revenue received from the exploitation of animated films). Closing is
scheduled  to occur on November  30,  1998  subject to  satisfaction  of certain
customary  conditions.  In addition to the purchase price,  the Buyout Agreement
provides that Buena Vista Pictures  Distribution,  Inc.  ("BV") will continue to
account  for  and  make  payments  to the  Joint  Venture,  as  required  by the
Distribution Agreement for all revenues received by BV through April 30, 1998.

     As a result  of the  Buyout  Agreement  Silver  Screen IV is using the cost
method  of  accounting   starting  January  1,  1996.  Under  the  cost  method,
distributions  received are recognized as income and investments will be reduced
in proportion that actual cash received bears to ultimate revenues expected.


Liquidity and Capital Resources
-------------------------------

     Inasmuch as the funding obligations of Silver Screen IV with respect to the
financing  of the Joint  Venture  Films have been fully  complied  with,  Silver
Screen IV has no  material  commitments  for capital  expenditures  and does not
intend to enter into any such commitments.  Receipts from temporary  investments
and from the Joint  Venture,  less  reserves  established  as  determined by the
Managing  General  Partner,  are the sources of liquidity  for Silver Screen IV.
Silver  Screen IV has no  material  requirements  for  liquidity  other than its
general and  administrative  expenses and quarterly  distributions to holders of
Units of limited partnership interests. Such sources are considered adequate for
such needs.

     The Managing General Partner expects that Silver Screen IV will continue to
receive distributions from the Joint Venture (which will substantially  diminish
since the Joint Venture Films have been  exploited in most markets) until Silver
Screen IV sells its interests in the Joint Venture on November 30, 1998.

     Although the Joint  Venture  Films have been  released in most film markets
around the world,  Silver Screen IV anticipates that it will continue to receive
revenues from certain film markets.  However,  revenues in a particular  quarter
may not be  sufficient  to justify  making a cash  distribution  and  therefore,
future cash  distributions  may  fluctuate  and there may be  quarters  where no
distributions will be paid.




                                       13
<PAGE>



     Closing  under the Buyout  Agreement  with Disney is  scheduled to occur on
November 30, 1998.  Silver Screen IV currently expects to dissolve by the end of
1998 upon  disposition of its remaining  assets and  distribution of cash to the
partners.


ITEM 8.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

     See the financial statements referenced in Item 14 of this annual report.


ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
          ACCOUNTING AND FINANCIAL DISCLOSURE.

     None.


                                    PART III


ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.

     Silver Screen IV is a Limited  Partnership  managed by the Managing General
Partner and has no officers or  directors.  The  officers  and  directors of the
Managing  General  Partner are also  officers  and  directors  of Silver  Screen
Management,  Inc.  ("SSM"),  which serves as managing  general partner of Silver
Screen   Partners,   L.P.,  and  Silver  Screen  Partners  III,  L.P.,   limited
partnerships formed to finance, own and exploit  feature-length  motion pictures
pursuant to a license  agreement with a subsidiary of Home Box Office,  Inc., in
the case of  Silver  Screen  Partners,  L.P.,  and  pursuant  to  joint  venture
agreements with Disney,  in the case of Silver Screen Partners III, L.P. Neither
the Limited  Partners nor any General Partner of Silver Screen IV other than the
Managing General Partner has the power to participate in the management of, have
any control over the business of or act for, sign for or bind Silver Screen IV.

     Roland W. Betts,  51, is the President,  Treasurer,  a Director,  principal
shareholder and founder of the Managing General  Partner.  Mr. Betts is also the
President,  Treasurer,  a Director and principal  shareholder  of SSM. He is the
Individual  General  Partner of Silver  Screen  Partners,  L.P.,  Silver  Screen
Partners  III,  L.P.  and Silver  Screen  Partners  IV, L.P.  Mr. Betts has been
President and a Director of International Film Investors, Inc. ("IFI"), which is
the Managing General Partner of International  Film Investors,  L.P., since 1982
and has been an officer  since 1980.  Mr. Betts is also the  Individual  General
Partner  of that  Partnership.  Mr.  Betts is also the lead  owner of the  Texas
Rangers  Baseball Club; and the Chairman and largest  shareholder of the Chelsea
Piers Management,  Inc. which is the general partner of the Chelsea Piers, L.P.,
a limited partnership which developed and operates a major public recreation and
entertainment  complex at the Chelsea  Piers in New York City.  Prior to joining
IFI in 1980,  Mr. Betts was engaged in the practice of law as an attorney in the
Entertainment  Department  of the law firm of Paul,  Weiss,  Rifkind,  Wharton &
Garrison in New York.




                                       14
<PAGE>




     In addition to Mr.  Betts,  the  executive  officers  and  directors of the
Managing General Partner are as follows:


      Name                                 Positions Held
      ----                                 --------------

Paul Bagley                            Chairman of the Board, Director
Tom A. Bernstein                       Executive Vice President,
                                       Secretary, Director
John A. Tommasini                      Director
William Turchyn, Jr.                   Director

     Paul Bagley,  55, is the founding partner of Stone Pine Capital LLC (1994),
and is Chairman  of FCM  Fiduciary  Capital  Managers,  LLC (1989 to date),  the
advisor to mezzanine and private equity funds.  For more than twenty years prior
to 1988, Mr. Bagley was engaged in investment  banking  activities with Shearson
Lehman Hutton Inc. and its  predecessor,  E.F.  Hutton & Company Inc. Mr. Bagley
serves as Chairman of the Board of Directors of Silver Screen  Management,  Inc.
and  International  Film  Investors,  Inc.,  which manage film  portfolios  with
aggregate assets of $1.0 billion. Mr.Bagley has served on the boards of a number
of public and  private  companies.  Currently  he is on the boards of  Fiduciary
Capital,  Hollis-Eden  Pharmaceuticals,  Consolidated  Capital,  Logan Machinery
Corp. and Pacific Consumer Funding.  Mr. Bagley graduated from the University of
California  at Berkeley in 1965 with a B.S. in Business and  Economics  and from
Harvard Business School in 1968 with an M.B.A. in Finance.

     Tom A.  Bernstein,  45, has been  Executive  Vice President of the Managing
General  Partner  since  June 1983 and  Secretary,  a Director  and a  principal
shareholder  since  March  1985.  He has also  been  Executive  Vice  President,
Secretary, a Director and a principal shareholder of SSM since its organization.
Mr. Bernstein is also President and Treasurer of Chelsea Piers Management,  Inc.
which is the general  partner of Chelsea Piers,  L.P.; and a limited  partner of
the Texas Rangers  Baseball Club.  Prior to June 1983, Mr. Bernstein was engaged
in the practice of law as an attorney in the Entertainment Department of the law
firm of Paul, Weiss, Rifkind, Wharton & Garrison in New York.




                                       15
<PAGE>



     John A. Tommasini,  53, the President of Laidlaw Global  Securities,  Inc.,
has been a Director of the Managing General Partner since 1985 and a Director of
SSM since its  organization.  He was Senior Vice  President  of Shearson  Lehman
Hutton from  January  1988 until March 30,  1990.  He was  associated  with E.F.
Hutton & Company  from 1972 until 1988 and served as First Vice  President  from
January 1985 to January  1988.  He is also an Officer and a Director of American
National Security, Inc.

     William  Turchyn,  Jr.,  52, has been a Director  of the  Managing  General
Partner and SSM since their  respective  organizations.  He was  Executive  Vice
President of Shearson from January 1988 until April 1989. He was associated with
E.F. Hutton & Company, Inc. from 1970 until 1988, was named First Vice President
in 1982 and served as Senior Vice  President  from 1983 until January 1988.  Mr.
Turchyn is  presently  Chief  Operating  Officer of the Private  Client Group at
Furman Selz Capital Management.


ITEM 11.  EXECUTIVE COMPENSATION.

     The  following  table sets forth the fees,  income,  distributions  and the
amounts payable to the General Partners of Silver Screen IV and their affiliates
in connection  with the  management of Silver Screen IV. The executive  officers
and directors of the Managing General Partner serve without direct  compensation
from Silver Screen IV. Except as set forth below, the General Partners and their
affiliates  will  receive no  remuneration  of any type  whatsoever  from Silver
Screen IV in connection with the administration of Silver Screen IV's affairs.




                                       16
<PAGE>




                            CASH COMPENSATION TABLE1

--------------------------------------------------------------------------------
     (A)                      (B)                             (C)
--------------------------------------------------------------------------------

Name of Entity        Capacities in which        Cash compensation
                       served

Silver Screen         Managing General           Overhead fee calculated as four
 Management            Partner                   percent  of the  Budgeted  Film
 Services, Inc.                                  Cost  (excluding  overhead)  or
                                                 Acquisition   Cost   (excluding
                                                 overhead) actually  contributed
                                                 by  Silver  Screen  IV to  each
                                                 Joint  Venture  Film,  plus 10%
                                                 per annum.  In addition,  until
                                                 the   holders   of  Units  have
                                                 received   cash   distributions
                                                 sufficient   to  reduce   their
                                                 Adjusted Capital  Contributions
                                                 plus an  amount  equal to 8% of
                                                 their     Adjusted      Capital
                                                 Contributions   per   annum  to
                                                 zero,   the  Managing   General
                                                 Partner will be allocated  0.9%
                                                 of  the  profits,   losses  and
                                                 Disbursable  Cash;   thereafter
                                                 until the holders of Units have
                                                 received   cash   distributions
                                                 sufficient   to  reduce   their
                                                 Adjusted Capital  Contributions
                                                 plus an amount  equal to 15% of
                                                 their     Adjusted      Capital
                                                 Contributions   per   annum  to
                                                 zero,   the  Managing   General
                                                 Partner will be allocated  9.9%
                                                 of  the  profits,   losses  and
                                                 Disbursable  Cash;   thereafter
                                                 the  Managing  General  Partner
                                                 will  receive   19.9%  of  such
                                                 items. During 1997,  $1,342,000
                                                 was distributed to the Managing
                                                 General       Partner      from
                                                 Disbursable Cash.

1        See definitions below.



                                       17
<PAGE>





Roland W. Betts       Individual General         Mr. Betts  is allocated 0.1% of
                      Partner                    profits, losses and Disbursable
                                                 Cash.    Mr.   Betts   received
                                                 $13,556 therefrom in 1997.



                  DEFINITIONS USED IN CASH COMPENSATION TABLE


INITIAL CAPITAL
CONTRIBUTION .......... $500 per Unit

ADJUSTED CAPITAL
CONTRIBUTION .......... With  respect to each Unit,  the  Initial
                        Capital  Contribution reduced by all cash
                        distributions   thereon.   The   Adjusted
                        Capital Contribution may not, however, be
                        less  than  zero.  The  Adjusted  Capital
                        Contributions  differ  from  the  Limited
                        Partners'  capital  accounts  for tax and
                        accounting purposes.

DISBURSABLE CASH ...... Receipts   from   operations,   or  funds
                        released from reserves,  after  deducting
                        cash  used  to  pay  operating   expenses
                        (including  expenses  reimbursable to the
                        Managing General Partner),  debt service,
                        capital expenditures and amounts used for
                        the creation or  restoration of reserves,
                        but without deduction for depreciation or
                        amortization    of   film    investments.
                        Receipts  from  operations   include  all
                        items  of  income,  whether  ordinary  or
                        extraordinary.

BUDGETED FILM  COST ... The  estimated  cost of a  Joint  Venture
                        Film,  including  contingency reserves of
                        7-1/2%  and  overhead  of  17-1/2%.   The
                        Budgeted  Film  Cost  also  includes  all
                        fixed     deferments,     bonuses     and
                        participations  in gross receipts payable
                        before the Joint Venture has recouped its
                        investment  in that Joint  Venture  Film,
                        deferred  guaranteed  compensation and an
                        additional  development  fee to Disney in
                        the amount of $500,000.




                                       18
<PAGE>



ACQUISITION COST ...... The cost to the Joint  Venture to acquire
                        an   Acquired   Film  plus  each  of  the
                        elements  included in Budgeted Film Cost;
                        provided that the  Acquisition  Cost does
                        not include a contingency reserve.

     The  Partnership  Agreement  provides  that all Silver  Screen IV expenses,
including,  among other things, legal, auditing and accounting expenses, and the
expenses of preparing and distributing reports to the Limited Partners,  will be
billed to and paid by Silver Screen IV. Subject to restrictions contained in the
Partnership  Agreement,  the Managing  General  Partner has been  reimbursed for
certain  administrative  services. In addition, the Managing General Partner has
been  reimbursed for expenses  incurred in connection  with the  organization of
Silver Screen IV and the public offering of the Units.


ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT.

     No officer or Director of the Managing  General Partner  beneficially  owns
any equity securities of Silver Screen IV. To the knowledge of Silver Screen IV,
no unitholder beneficially owns more than 5% of the Units of Silver Screen IV.

     Roland W. Betts and Tom A. Bernstein are  controlling  shareholders  of the
Managing  General  Partner.  Of the 100 issued and outstanding  shares of Common
Stock of the Managing  General  Partner,  60 are owned by Roland W. Betts and 40
are owned by Tom A. Bernstein.





                                       19
<PAGE>



ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     See Items 10, 11 and 12 hereof.


ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON
          FORM 8-K.

     (a)1. Financial Statements
     --------------------------

     The following  financial  statements of Silver Screen  Partners IV, L.P. (a
Limited Partnership) are included pursuant to Item 8 hereof:

                                                             Page
                                                             ----

         Independent auditors' reports ...................   F-1

         Balance sheets as of December 31, 1997 and
                  1996 ...................................   F-2

         Statement of operations for the years ended
                  December 31, 1997, 1996 and 1995 .......   F-3

         Statement of partners' equity for the years ended
                  December 31, 1997, 1996 and 1995 .......   F-4

         Statement of cash flows for the years ended
                  December 31, 1997, 1996 and 1995 .......   F-5

         Notes to Financial Statements ...................   F6-12


     (a)2. Financial Statement Schedules
     -----------------------------------

     No schedules  are listed  because they are not  applicable  or the required
information is shown in the financial statements or notes thereto.




                                       20
<PAGE>





     (a)3. Exhibits
     --------------

          4         Amended   and   Restated   Agreement   of  Limited
                    Partnership.(2)

          10(a)     Joint Venture  Agreement  dated as of December 23,
                    1987 by and between  Silver Screen IV and the Walt
                    Disney Company.(3)

          10(b)     Distribution  Agreement  dated as of December  23,
                    1987 by and  between  Disney --  Silver  Screen IV
                    Joint Venture and BV Pictures Distribution Inc.(4)

          10(c)     Letter  Agreement  dated September 11, 1995 by and
                    between  Silver  Screen  IV and  The  Walt  Disney
                    Company.(5)




--------

2         Incorporated by reference to Silver Screen IV's Registration Statement
          on Form S-1, Registration No. 33-19249.

3         Incorporated  by reference to exhibits  filed with  Amendment No. 1 to
          Silver Screen IV's  Registration  Statement on Form S-1,  Registration
          No. 33-19249.

4         See footnote three.

5         Incorporated  by  reference  as  exhibit  10  filed  with  Form  10-Q,
          quarterly report dated September 30, 1995.


     (b) Report on Form 8-K
     ----------------------

     No reports of Form 8-K have been filed by Silver  Screen IV during the last
quarter of the period covered by this annual report.



                                       21
<PAGE>




                                   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.

                               SILVER SCREEN PARTNERS IV, L.P.
                               (a Delaware Limited Partnership)


                               By    SILVER SCREEN MANAGEMENT SERVICES, INC.
                                     Managing General Partner

Dated:  March 30, 1998          By   /s/ Roland W. Betts
                                     ------------------------------
                                     Roland W. Betts,
                                     President/Treasurer


     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
Report  has  been  signed  below  by the  following  persons  on  behalf  of the
Registrant and in the capacities and on the dates indicated.

Dated:  March 30, 1998          By   /s/ Roland W. Betts
                                     ------------------------------
                                     Roland W. Betts,
                                     General Partner


                                 SILVER SCREEN MANAGEMENT SERVICES, INC.
                                 Managing General Partner

Dated:  March 30, 1998          By   /s/ Roland W. Betts
                                     ------------------------------
                                     Roland W. Betts,
                                     President/Treasurer
                                     Silver Screen Management Services, Inc.

Dated:  March 30, 1998          By  /s/ Roland W. Betts           *
                                    -------------------------------
                                    Paul Bagley
                                    Director,
                                    Silver Screen Management Services, Inc.


Dated:  March 30, 1998          By  /s/ Roland W. Betts           *
                                    -------------------------------
                                    Tom A. Bernstein
                                    Director,
                                    Silver Screen Management Services, Inc.





                                       22
<PAGE>




Dated: March 30, 1998           By   /s/ Roland W. Betts           *
                                     -------------------------------
                                     John A. Tommasini
                                     Director,
                                     Silver Screen Management Services, Inc.


Dated: March 30, 1998           By   /s/ Roland W. Betts           *
                                     ------------------------------
                                     William Turchyn, Jr.
                                     Director,
                                     Silver Screen Management Services, Inc.
----------
* By Roland W. Betts, Attorney-in-Fact




                                       23
<PAGE>