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, 1998       Commission File 0-11512

                         SUPER 8 ECONMY 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, 1998 AND 1997












































<PAGE>


                        SUPER 8 ECONOMY LODGING IV, LTD.

                       (A California Limited Partnership)

                                      INDEX

Financial Statements:                                              PAGE

   Balance Sheet - March 31, 1998 and September 30, 1997           2

   Statement of Operations - Six Months Ended
   March 31, 1998 and 1997                                         3

   Statement of Changes in Partners' Equity -
   Six Months Ended March 31, 1998 and 1997                        4

   Statement of Cash Flows - Six Months Ended
   March 31, 1998 and 1997                                         5

   Notes to Financial Statements                                   6

   Management Discussion and Analysis                              7

   Other Information and Signatures                                9 - 10

































<PAGE>
                        SUPER 8 ECONOMY LODGING IV, LTD.
                       (A California Limited Partnership)
                                  Balance Sheet
                      March 31, 1998 and December 31, 1997

                                                          3/31/98      9/30/97
                                                        ----------   ----------
                                     ASSETS
Current Assets:
   Cash and temporary investments                      $   926,680  $ 1,079,735
   Accounts receivable                                      50,138       54,290
   Prepaid expenses                                            671       13,463
                                                        ----------   ----------
    Total current assets                                   977,489    1,147,488
                                                        ----------   ----------

Property and Equipment:
   Land                                                    799,311      799,311
   Buildings                                             2,246,419    2,246,419
   Furniture and equipment                                 524,641      519,267
                                                        ----------   ----------
                                                         3,570,371    3,564,997
   Accumulated depreciation                             (1,876,693)  (1,824,868)
                                                        ----------   ----------

    Property and equipment, net                          1,693,678    1,740,129
                                                        ----------   ----------

Other Assets:                                               63,975       63,975
                                                        ----------   ----------

    Total Assets                                       $ 2,735,142  $ 2,951,592
                                                        ==========   ==========

                        LIABILITIES AND PARTNERS' EQUITY
Current Liabilities:
    Accounts payable and accrued liabilities           $   220,879  $   126,020
                                                        ----------   ----------
    Total current liabilities                              220,879      126,020
                                                        ----------   ----------

    Total liabilities                                      220,879      126,020
                                                        ----------   ----------

Contingent Liabilities (See Note 1)

Partners' Equity:
   General Partners                                           (241)      (2,128)
   Limited Partners                                      2,514,504    2,827,700
                                                        ----------   ----------
    Total partners' equity                               2,514,263    2,825,572
                                                        ----------   ----------

Total Liabilities and Partners' Equity                 $ 2,735,142  $ 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
                For the Six Months Ended March 31, 1998 and 1997

                                    Three        Six        Three        Six 
                                    Months      Months      Months      Months
                                    Ended       Ended       Ended       Ended
                                   3/31/98     3/31/98     3/31/97     3/31/97
                                  ---------   ---------   ---------   ---------
Income:
 Guest room                      $  418,430  $  848,465  $  415,746  $  842,962
 Telephone and vending                7,456      17,060       9,633      22,687
 Interest                             8,403      18,760       8,471      17,641
 Other                                  151         220         237         533
                                  ---------   ---------   ---------   ---------
  Total Income                      434,440     884,505     434,087     883,823
                                  ---------   ---------   ---------   ---------

Expenses:
 Motel operating expenses
  (Note 2)                          206,742     421,702     184,850     391,000
 General and administrative         143,248     176,120       7,136      34,614
 Depreciation and amortization       27,355      54,710      28,604      56,642
 Property management fees            21,306      43,282      21,302      43,307
                                  ---------   ---------   ---------   ---------
  Total Expenses                    398,651     695,814     241,892     525,563
                                  ---------   ---------   ---------   ---------

 Net Income (Loss)               $   35,789  $  188,691  $  192,195  $  358,260
                                  =========   =========   =========   =========

Net Income (Loss) Allocable
 to General Partners                   $358      $1,887      $1,922      $3,583
                                  =========   =========   =========   =========

Net Income (Loss) Allocable
 to Limited Partners                $35,431    $186,804    $190,273    $354,677
                                  =========   =========   =========   =========

Net Income (Loss)
 per Partnership Unit                 $3.54      $18.68      $19.03      $35.47
                                  =========   =========   =========   =========

Distribution to Limited Partners
 per Partnership Unit                $25.00      $50.00      $18.75      $37.50
                                  =========   =========   =========   =========



 




   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 Ended March 31, 1998 and 1997

                                                          3/31/98      3/31/97
                                                        ----------   ----------
General Partners:
  Balance, beginning of year                           $    (2,128) $   (10,707)
    Net income (loss)                                        1,887        3,583
                                                        ----------   ----------
      Balance, End of period                                 (241)       (7,124)
                                                        ----------   ----------


Limited Partners:
  Balance, beginning of year                             2,827,700    2,740,835
    Net income (loss)                                      186,804      354,677
    Distributions to Limited Partners                     (500,000)    (375,000)
                                                        ----------   ----------
      Balance, End of Period                             2,514,504    2,720,512
                                                        ----------   ----------

      Total Partners' Equity                           $ 2,514,263  $ 2,713,388
                                                        ==========   ==========






























    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 Ended March 31, 1998 and 1997

                                                          3/31/98      3/31/97
                                                        ----------   ----------
Cash Flows from Operating Activities:
 Received from motel revenues                          $   868,510  $   865,505
 Expended for motel operations and
   general and administrative expenses                    (532,590)    (479,084)
 Interest received                                          20,147       14,977
                                                        ----------   ----------
  Net Cash Provided (Used) by Operating Activities         356,067      401,398
                                                        ----------   ----------
Cash Flows from Investing Activities:
 Purchases of property and equipment                        (9,122)     (18,607)
 Proceeds from sale of land                                  -              500
                                                        ----------   ----------
  Net Cash Provided (Used) by Investing Activities          (9,122)     (18,107)
                                                        ----------   ----------
Cash Flows from Financing Activities:
 Distributions to limited partners                        (500,000)    (375,000)
                                                        ----------   ----------
  Net Cash Provided (Used) by Financing Activities        (500,000)    (375,000)
                                                        ----------   ----------

   Net Increase (Decrease) in Cash and
    Temporary Investments                                 (153,055)       8,291

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

   End of period                                       $   926,680  $   946,768
                                                        ==========   ==========

Reconciliation of Net Income to Net Cash Provided by Operating Activities:

 Net Income                                            $   188,691  $   358,260
                                                        ----------   ----------
  Adjustments to reconcile net income
   to net cash used by operating activities:
   Depreciation and amortization                            54,710       56,642
   (Gain) loss on disposition of property and equipment        863         (500)
   (Increase) decrease in accounts receivable                4,152       (3,341)
   (Increase) decrease in prepaid expenses                  12,792       11,176
   (Increase) decrease in other assets                       -          (15,834)
   Increase (decrease) in accounts payable                  94,859       (5,005)
                                                        ----------   ----------
      Total Adjustments                                    167,376       43,138
                                                        ----------   ----------

     Net Cash Provided by Operating Activities         $   356,067  $   401,398
                                                        ==========   ==========

    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
                                 March 31, 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                       $43,282
Franchise Fees                                 $16,982

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       Six        Three        Six
                                     Months     Months      Months      Months
                                     Ended      Ended       Ended       Ended
                                    3/31/98    3/31/98     3/31/97     3/31/97
                                  ---------   ---------   ---------   ---------

Salaries and related costs       $   86,997  $  176,393  $   74,954  $  151,156
Franchise and advertising fees       20,925      42,454      20,809      42,197
Utilities                            13,154      30,322      14,760      31,012
Allocated costs,
 mainly indirect salaries            24,881      51,718      22,055      46,602
Replacements and renovations          2,754       4,650       2,614       8,265
Other operating expenses             58,031     116,165      49,658     111,768
                                  ---------   ---------   ---------   ---------

Total motel operating expenses   $  206,742  $  421,702  $  184,850  $  391,000
                                  =========   =========   =========   =========

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, 1998

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 1998, the Partnership's  current assets of $977,489 exceeded its
current  liabilities  of $220,879  providing an  operating  reserve of $756,610,
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 six  months of the fiscal  year
which  will end on  September  30,  1998,  were  $13,772  (of which  $9,122  was
capitalized) or 1.6% of room revenues.

RESULTS OF OPERATIONS

The  following is a comparison  of operating  results for the six month  periods
ended March 31, 1998 and March 31, 1997.

Total revenues increased $682 or 0.1% for the six months ended March 31, 1998 as
compared to the  corresponding  period of the preceding  fiscal year. Guest room
revenue  increased  $5,503 or 0.7% for the  current  period as  compared  to the
corresponding  period of the previous  fiscal year.  This  increase is due to an
increase  in average  room rate from  $53.83 in 1997 to $65.77 in 1998 which was
partially offset by a decrease in occupancy from 71.1% in 1997 to 69.5% in 1998.

Total expenditures  increased $170,251 or 32.4% during the six 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.

4-30-98                                    By /S/ Philip B. Grotewohl
-------                                       --------------------------
  Date                                        Philip B. Grotewohl,
                                              Chairman of Grotewohl Management
                                              Services, Inc.,
                                              Managing General Partner

4-30-98                                    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