Form 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

            |X| Quarterly Report Pursuant to Section 13 or 15(d) of
                the Securities Exchange Act of 1934.
                For the quarterly period ended March 31, 2003

            |_| Transition Report Pursuant to Section 13 or 15(d) of
                the Securities Exchange Act of 1934.
                For the transition period from _______ to _______

                        Commission File Number 000-21552

                      ATEL Cash Distribution Fund IV, L.P.
             (Exact name of registrant as specified in its charter)

      California                                              94-3145429
      ----------                                              ----------
(State or other jurisdiction of                             (I. R. S. Employer
incorporation or organization)                              Identification No.)

     600 California Street, 6th Floor, San Francisco, California 94108-2733
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (415) 989-8800

        Securities registered pursuant to section 12(b) of the Act: None

Securities  registered pursuant to section 12(g) of the Act: Limited Partnership
Units

Indicate  by a 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 |X| No |_|

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Rule 12b-2 of the Act). Yes |_| No |X|

The number of Limited  Partnership  Units  outstanding  as of March 31, 2003 was
7,487,350

                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None


                                       1
<PAGE>

                          Part I. FINANCIAL INFORMATION

Item 1.  Financial Statements (unaudited).




                                       2
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                  BALANCE SHEET

                                 MARCH 31, 2003
                                   (Unaudited)


                                     ASSETS


Cash and cash equivalents                                             $ 719,599

Accounts receivable, net of allowance for doubtful
   accounts of $4,383                                                   135,762

Investments in leases                                                 1,574,889
                                                                ----------------
Total assets                                                        $ 2,430,250
                                                                ================


                        LIABILITIES AND PARTNERS' CAPITAL



Accounts payable                                                       $ 63,935
Unearned operating lease income                                          32,732
                                                                ----------------
Total liabilities                                                        96,667

Partners' capital:
     General Partner                                                    242,985
     Limited Partners                                                 2,090,598
                                                                ----------------
Total partners' capital                                               2,333,583
                                                                ----------------
Total liabilities and partners' capital                             $ 2,430,250
                                                                ================


                             See accompanying notes.






                                       3
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                INCOME STATEMENTS

                            THREE MONTH PERIODS ENDED
                             MARCH 31, 2003 AND 2002
                                   (Unaudited)

                                                    2003             2002
                                                    ----             ----
Revenues:
Leasing activities:
   Operating leases                                  $ 111,293        $ 137,862
   Direct financing leases                             196,206          202,773
   Gain on sale of assets                               30,119            7,394
Interest                                                 2,850            4,261
Other                                                       42               37
                                              ----------------- ----------------
                                                       340,510          352,327
                                              ----------------- ----------------
Expenses:
Cost reimbursements to General Partner                  93,982           51,750
Depreciation and amortization                           78,835          124,558
Recovery of loss provision                             (20,000)               -
Professional fees                                       18,063           11,135
Other                                                   16,690           24,588
Interest                                                     -            5,714
                                              ----------------- ----------------
                                                       187,570          217,745
                                              ----------------- ----------------
Net income                                           $ 152,940        $ 134,582
                                              ================= ================

Net income
     General Partner                                   $ 1,529          $ 1,346
     Limited Partners                                  151,411          133,236
                                              ----------------- ----------------
                                                     $ 152,940        $ 134,582
                                              ================= ================
Net income per Limited Partnership unit                 $ 0.02           $ 0.02
Weighted average number of units outstanding         7,487,350        7,487,350


                    STATEMENT OF CHANGES IN PARTNERS' CAPITAL

                            THREE MONTH PERIOD ENDED
                                 MARCH 31, 2003
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                   Limited Partners      General
                                       Units             Amount          Partner            Total
                                       -----             ------          -------            -----
<S>                                      <C>             <C>                 <C>           <C>
Balance December 31, 2002                7,487,350       $3,626,691          $241,456      $ 3,868,147
Distributions to limited partners                -       (1,687,504)                -       (1,687,504)
Net income                                       -          151,411             1,529          152,940
                                  -----------------  --------------- ----------------- ----------------
Balance March 31, 2003                   7,487,350       $2,090,598         $ 242,985      $ 2,333,583
                                  =================  =============== ================= ================
</TABLE>

                             See accompanying notes.


                                       4
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                            STATEMENTS OF CASH FLOWS

                            THREE MONTH PERIODS ENDED
                             MARCH 31, 2003 AND 2002
                                   (Unaudited)


<TABLE>
<CAPTION>
Operating activities:                                    2003             2002
                                                         ----             ----
<S>                                                       <C>              <C>
Net income                                                $ 152,940        $ 134,582
Adjustments to reconcile net income to net cash
   provided by operations:
   Recovery of loss provision                               (20,000)               -
   Depreciation and amortization                             78,835          124,558
   Gain on sale of asset                                    (30,119)          (7,394)
   Changes in operating assets and liabilities:
     Accounts receivable                                    (28,493)          (7,728)
     Accounts payable, General Partner                            -          (48,454)
     Accounts payable, other                                 (2,894)          (4,274)
     Accrued interest payable                                     -             (328)
     Unearned operating lease income                        (25,257)          (2,015)
                                                   ----------------- ----------------
Net cash from operations                                    125,012          188,947
                                                   ----------------- ----------------

Investing activities:
Reduction in investment in direct financing leases           30,014           23,727
Proceeds from sales of lease assets                          51,923          369,137
                                                   ----------------- ----------------
Net cash provided by investing activities                    81,937          392,864
                                                   ----------------- ----------------

Financing activities:
Distributions to limited partners                        (1,687,504)        (935,936)
Repayment of non-recourse debt                                    -          (45,471)
                                                   ----------------- ----------------
Net cash used in financing activities                    (1,687,504)        (981,407)
                                                   ----------------- ----------------

Net decrease in cash and cash equivalents                (1,480,555)        (399,596)
Cash and cash equivalents at beginning of period          2,200,154        1,269,512
                                                   ----------------- ----------------
Cash and cash equivalents at end of period                $ 719,599        $ 869,916
                                                   ================= ================

Supplemental disclosures of cash flow information:
Cash paid during period for interest                       $ 16,690          $ 6,042
                                                   ================= ================
</TABLE>



                             See accompanying notes.





                                       5
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2003
                                   (Unaudited)


1.  Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting  principles for interim financial information
and with  instructions  to Form  10-Q and  Article  10 of  Regulation  S-X.  The
unaudited interim financial statements reflect all adjustments which are, in the
opinion of the General  Partner,  necessary  to a fair  statement  of  financial
position and results of operations for the interim periods  presented.  All such
adjustments are of a normal recurring nature.  These unaudited interim financial
statements should be read in conjunction with the financial statements and notes
thereto  contained in the report on Form 10-KSB for the year ended  December 31,
2002, filed with the Securities and Exchange Commission.

2. Organization and partnership matters:

ATEL Cash  Distribution  Fund IV, L.P. (the  Partnership),  was formed under the
laws of the state of  California  on  September  19,  1991,  for the  purpose of
acquiring equipment to engage in equipment leasing and sales activities.

Upon the sale of the  minimum  amount of Units of Limited  Partnership  interest
(Units) of $1,200,000 and the receipt of the proceeds  thereof on March 6, 1992,
the Partnership commenced operations.

The Partnership's business consists of leasing various types of equipment.

ATEL Financial Services,  LLC, an affiliated entity, acts as the General Partner
of the Partnership.

The  Partnership  is in the  final  stage  of  its  liquidation  and  is  making
distributions on an annual basis.


3. Investment in leases:

The Partnership's investment in leases consists of the following:

<TABLE>
<CAPTION>
                                                              Depreciation
                                                              Expense and       Reclassi-
                                          December 31,        Amortization    fications and       March 31,
                                                2002           of Leases       Dispositions         2003
                                                ----           ---------     - -------------        ----
<S>                                            <C>                <C>                <C>           <C>
Net investment in direct financing leases      $ 1,221,754        $ (30,014)         $ (6,478)     $ 1,185,262
Net investment in operating leases                 475,908          (76,208)          (15,326)         384,374
Initial direct costs, net of accumulated
   amortization of $110,031 in 2003 and
    $107,405 in 2002                                 7,880           (2,627)                -            5,253
                                          -----------------  --------------- ----------------- ----------------
                                               $ 1,705,542        $(108,849)        $ (21,804)     $ 1,574,889
                                          =================  =============== ================= ================
</TABLE>







                                       6
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2003
                                   (Unaudited)

3. Investment in leases (continued):

The following  schedule provides an analysis of the Partnership's  investment in
property subject to operating leases by major classifications as of December 31,
2002,  acquisitions and dispositions during the quarter ended March 31, 2003 and
as of March 31, 2003.

<TABLE>
<CAPTION>
                                                                    Reclassi-
                                  December 31,    Depreciation    fications and       March 31,
                                    2002            Expense        Dispositions         2003
                                    ----            -------      - -------------        ----
<S>                                <C>                      <C>         <C>            <C>
Transportation                     $ 1,854,919              $ -         $ (90,876)     $ 1,764,043
Manufacturing                          457,670                -                 -          457,670
Materials handling                     291,919                -                 -          291,919
Construction                           236,457                -                 -          236,457
                              -----------------  --------------- ----------------- ----------------
                                     2,840,965                            (90,876)       2,750,089
Less accumulated depreciation       (2,365,057)         (76,208)           75,550       (2,365,715)
                              -----------------  --------------- ----------------- ----------------
                                     $ 475,908        $ (76,208)        $ (15,326)       $ 384,374
                              =================  =============== ================= ================
</TABLE>

All of the property on operating  leases was acquired during 1992,  1993,  1994,
1995 and 1996.

At March 31, 2003, the aggregate amounts of future minimum lease payments are as
follows:

<TABLE>
<CAPTION>
                                        Operating     Direct Financing
                                          Leases           Leases            Total
<S>                          <C> <C>       <C>               <C>              <C>
 Nine months ending December 31, 2003      $ 304,844         $ 676,980        $ 981,824
        Year ending December 31, 2004              -           592,399          592,399
                                      --------------- ----------------- ----------------
                                           $ 304,844       $ 1,269,379      $ 1,574,223
                                      =============== ================= ================
</TABLE>

Direct financing leases:

As of March  31,  2003,  investment  in  direct  financing  leases  consists  of
materials  handling  equipment and rail cars. The following lists the components
of the Company's investment in direct financing leases as of March 31, 2003:

Total minimum lease payments receivable                            $ 1,269,379
Estimated residual values of leased equipment (unguaranteed)           895,971
                                                              -----------------
Investment in direct financing leases                                2,165,350
Less unearned income                                                  (980,088)
                                                              -----------------
Net investment in direct financing leases                          $ 1,185,262
                                                              =================








                                       7
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2003
                                   (Unaudited)


4.  Related party transactions:

The terms of the Limited Partnership  Agreement provide that the General Partner
and/or   Affiliates   are  entitled  to  receive   certain  fees  for  equipment
acquisition, management and resale and for management of the Partnership.

The  General   Partner   and/or   Affiliates   earned  fees,   commissions   and
reimbursements,   pursuant   to  the   Limited   Partnership   Agreement.   Cost
reimbursement  to the  General  Partner  were  $93,982  and $51,750 in the three
months ended March 31, 2003 and 2002, respectively.

During  2001,  the  General  Partner  decided to take no  further  fees from the
Partnership. Such fees would otherwise have totaled approximately $8,976 in each
of the three months ended March 31, 2003 and 2002.




                                       8
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

Statements  contained in this Item 2,  "Management's  Discussion and Analysis of
Financial  Condition  and Results of  Operations,"  and  elsewhere  in this Form
10-QSB, which are not historical facts, may be forward-looking  statements. Such
statements  are  subject  to risks and  uncertainties  that could  cause  actual
results to differ  materially from those projected.  Investors are cautioned not
to attribute undue certainty to these  forward-looking  statements,  which speak
only as of the date of this Form 10-QSB.  We undertake no obligation to publicly
release any revisions to these  forward-looking  statements to reflect events or
circumstances after the date of this Form 10-QSB or to reflect the occurrence of
unanticipated events, other than as required by law.

Capital Resources and Liquidity

During 2003 and 2002,  the  Partnership's  primary source of liquidity was rents
from direct  financing and operating  leases.  The liquidity of the  Partnership
will vary in the future,  increasing to the extent cash flows from leases exceed
expenses and proceeds from lease asset sales,  and  decreasing as  distributions
are made to the limited  partners and to the extent  expenses  exceed cash flows
from leases and proceeds from lease asset sales.

As another source of liquidity, the Partnership has contractual obligations with
a diversified group of lessees for fixed lease terms at fixed rental amounts. As
the initial  lease terms expire the  Partnership  will sell the  equipment.  The
future  liquidity  beyond the  contractual  minimum  rentals  will depend on the
General Partner's success in selling the equipment as it comes off lease.

The Partnership currently has available adequate reserves to meet contingencies,
but in the event those  reserves were found to be  inadequate,  the  Partnership
would  likely be in a position to borrow  against its current  portfolio to meet
such  requirements.  The  General  Partners  envision no such  requirements  for
operating purposes.

Through March 31, 2003, the Partnership had borrowed  approximately  $38,342,000
all of which has been repaid.

No commitments of capital have been made or are expected to be made.

If  inflation  in the general  economy  becomes  significant,  it may affect the
Partnership  inasmuch as the residual  (resale) values and rates on re-leases of
the  Partnership's  leased  assets may  increase as the costs of similar  assets
increase.  However,  the  Partnership's  revenues from existing leases would not
increase,  as such rates are generally fixed for the terms of the leases without
adjustment for inflation.

Cash Flows

In the  first  quarters  of 2003 and  2002,  the  primary  sources  of cash from
operations were rents from direct financing and operating leases. Direct finance
lease rents  decreased  from $202,773 in 2002 to $196,206 in 2003, a decrease of
$6,567.  Cash from operating leases decreased by $26,569 from 2002 to 2003. This
decrease was a result of sales of direct finance and operating lease assets over
the prior year.

Sources of cash from investing activities in the first quarters of 2003 and 2002
consisted  of the  proceeds  of the sales of lease  assets  and cash  flows from
reductions in net  investments  in direct  financing  leases.  Proceeds from the
sales of lease  assets  are not  expected  to be  consistent  from one period to
another.  Asset sales are made as leases expire,  as purchasers can be found and
as the sales can be negotiated and completed.  Cash flows from direct  financing
leases  increased  from $23,727 in the first  quarter of 2002 to $30,014 for the
same period in 2003.

In the first quarter of 2003 and 2002,  there were no financing  sources of cash
flows.  Repayments  of  non-recourse  debt  have  decreased  as a result  of the
scheduled debt  payments,  all debt had been repaid as of December 31, 2002. The
Partnership is in the final stage of its liquidation and is making distributions
on an annual basis. The  distributions  are being paid out each January based on
the cash flows  generated  in the  previous  year.  Distributions  are no longer
expected to be consistent  from one year to another as the cash flows  generated
in future  periods will be dependent on asset sales and other  factors which are
not expected to be consistent from one period to another.

Results of Operations

Operations  in the first  quarter of 2003  resulted  in a net income of $152,940
compared  to net income of  $134,582  in 2002.  Although  revenues  declined  by
$11,816,  this  decrease  was off set by overall  decreases  in expenses in 2003
compared  to  2002.  Most  significant  was  the  decline  in  depreciation  and
amortization expenses.

Gains on sales from lease  assets  increased  from  $7,394 in 2002 to $30,119 in
2003.  Sales of assets  are not  expected  to be  consistent  from one period to
another  as such  sales  do not  occur  at  regular  intervals  nor are they for
consistent amounts.




                                       9
<PAGE>

Depreciation expense has decreased from $121,931 in 2002 to $76,208 in 2003 as a
result of operating lease asset sales over the last year.


Item 3.  Quantitative and Qualitative Disclosures of Market Risk.

The Partnership,  like most other companies, is exposed to certain market risks,
including  primarily  changes in interest rates.  The  Partnership  believes its
exposure to other market risks including  foreign  currency  exchange rate risk,
commodity  risk and equity price risk are  insignificant  to both its  financial
position and results of operations.

In general,  the  Partnership  has managed its exposure to interest rate risk by
obtaining fixed rate debt. The fixed rate debt was structured so as to match the
cash flows required to service the debt to the payment  streams under fixed rate
lease receivables. The payments under the leases were assigned to the lenders in
satisfaction of the debt.  Furthermore,  the Partnership has  historically  been
able to maintain a stable  spread  between its cost of funds and lease yields in
both periods of rising and falling rates.  As of March 31, 2003, the Partnership
had no indebtedness to lenders.

Item 4.  Controls and procedures.

Internal Controls

As of March 31, 2003, an evaluation was performed under the supervision and with
the participation of the Partnership's management,  including the CEO and CFO of
the General  Partner,  of the  effectiveness  of the design and operation of the
Partnership's disclosure controls and procedures.  Based on that evaluation, the
Partnership's  management,  including  the CEO and CFO of the  General  Partner,
concluded  that  the  Partnership's  disclosure  controls  and  procedures  were
effective as of March 31, 2003.  There have been no  significant  changes in the
Partnership's  internal  controls or in other  factors that could  significantly
affect internal controls subsequent to March 31, 2003.

Changes in internal controls

There have been no  significant  changes in our  internal  controls  or in other
factors that could  significantly  affect our disclosure controls and procedures
subsequent to the evaluation  date, nor were there any significant  deficiencies
or material weaknesses in our internal controls.

Evaluation of disclosure controls and procedures

Under the supervision and with the  participation  of our management,  including
the CEO and CFO, an evaluation of the  effectiveness of the design and operation
of the  Partnership's  disclosure  controls and procedures,  as defined in Rules
240.13a-14(c)  and  15d-14(c)  under  the  Securities  Exchange  Act of 1934 was
performed  as of a date  within  ninety  days  before  the  filing  date of this
quarterly  report.  Based upon this  evaluation,  the CEO and CFO of the General
Partner  concluded that, as of the evaluation date, our disclosure  controls and
procedures were effective for the purposes of recording, processing, summarizing
and timely reporting  information  required to be disclosed by us in the reports
that we file under the Securities Exchange Act of 1934 and that such information
is  accumulated  and  communicated  to our  management  in order to allow timely
decisions regarding required disclosure.


                           PART II. OTHER INFORMATION

Item 1.  Legal Proceedings.

No material legal  proceedings are currently  pending against the Partnership or
against  any of its assets.  The  following  is a  discussion  of legal  matters
involving  the  Partnership,  but  which do not  represent  claims  against  the
Partnership or its assets.

On  December  31,  1997,  Quaker  Coal  Company  (the  "Debtor"),   one  of  the
Partnership's  lessees,  requested a moratorium  on lease  payments from January
through March 1998. No lease  payments were made by the Debtor through June 1998
and,  as  a  result,   the  General  Partner  declared  the  lease  in  default.
Subsequently, the Debtor cured the outstanding payments and eventually satisfied
substantially  all lease  payments  due under the lease;  however,  the  General
Partner  refused to waive the default and insisted on contractual  damages.  The
General Partner filed a suit against the Debtor for its  contractual  damages in
the U.S. District Court of Northern California (the "Court").  On June 16, 2000,
the Debtor filed for protection  under Chapter 11 of the U.S.  Bankruptcy  Code.
The amounts of these damages have not been included in the financial  statements
included in Part I, Item 1 of this report.

The Partnership  obtained a stipulation for relief from the automatic bankruptcy
stay to allow the Court to issue its ruling,  and filed a request to participate
on the Official Committee of Unsecured Creditors in the bankruptcy  proceedings.
The Partnership  succeeded upon securing the return of its equipment,  which has
been  liquidated.  The  Court  issued a ruling  on March 4,  2001,  denying  the
Partnership's  claim for damages.  The Debtor subsequently filed a claim against
the Partnership,  for  reimbursement of its legal expenses.  The General Partner
believes  the Court's  decision is  erroneous  as a matter law, and has filed an
appeal of the decision in the U.S. District Court of Appeals.




                                       10
<PAGE>

The Debtor  filed a plan of  reorganization,  which was  objected  to by several
large  creditors,  including  the General  Partner.  These  creditors  were also
seeking a formal  role on the  creditors  committee  or  formation  of their own
committee.

Upon the termination of the Debtor's  exclusivity  period,  competing plans were
filed by other creditors to the plan, and voting on the competing plans occurred
October 8, 2001.  The results of the vote were that,  another of the  creditor's
(i.e.,  American Electric Power ("AEP")) Plan of Reorganization ("AEP Plan") was
successful.  Under the AEP Plan, the claim of the  Partnership has been assigned
to a  liquidating  trustee for  resolution  and  satisfaction  from the Debtor's
estate.

In January 2002, the General Partner attended an appellate settlement conference
seeking to resolve the outstanding  disputed claim. A reserve has been set aside
by the  Debtor's  liquidating  trustee in the amount of $1.2  million in partial
satisfaction of the Partnership's  claim,  although this claim amount remains in
dispute.  In January 2003, the Federal Appellate Court in San Francisco heard an
appeal of the lower Court's decision and handed down in March of 2003 a decision
adverse  to  the  Partnership's  position.  The  General  Partner  is  currently
considering  requesting a rehearing of that decision. The likelihood of recovery
of  amounts  above the  payment  of the lease  rent and the  liquidation  of the
equipment already received remains speculative and highly uncertain.

Item 2. Changes In Securities.

         Inapplicable.

Item 3. Defaults Upon Senior Securities.

         Inapplicable.

Item 4. Submission Of Matters To A Vote Of Security Holders.

         Inapplicable.

Item 5. Other Information.

         Inapplicable.

Item 6. Exhibits And Reports On Form 8-K.

(a)   Documents filed as a part of this report

   1.     Financial Statements

          Included in Part I of this report:

          Balance Sheet, March 31, 2003.

          Income Statements for the three month periods ended March 31, 2003 and
          2002.

          Statement of Changes in  Partners'  Capital for the three months ended
          March 31, 2003.

          Statements  of Cash Flows for the three month  periods ended March 31,
          2003 and 2002.

          Notes to the Financial Statements

   2.     Financial Statement Schedules

          All other  schedules  for which  provision  is made in the  applicable
          accounting  regulations of the Securities and Exchange  Commission are
          not required under the related  instructions or are inapplicable,  and
          therefore have been omitted.

 (b)      Report on Form 8-K
          None



                                       11
<PAGE>

                                   SIGNATURES


Pursuant  to the  requirements  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.


Date:
May 13, 2003

           ATEL CASH DISTRIBUTION FUND IV, L.P.
       (Registrant)



  By:     ATEL Financial Corporation
          General Partner of Registrant




  By:     /s/ Dean L. Cash
          -------------------------------------
          Dean L. Cash
          President and Chief Executive Officer
          of General Partner




  By:     /s/ Paritosh K. Choksi
          -------------------------------------
          Paritosh K. Choksi
          Principal Financial Officer
          of Registrant




  By:     /s/ Donald E. Carpenter
          -------------------------------------
          Donald E. Carpenter
          Principal Accounting
          Officer of Registrant




                                       12
<PAGE>

                                 CERTIFICATIONS

I, Paritosh K. Choksi, certify that:

1.  I  have  reviewed  this  quarterly  report  on  Form  10-QSB  of  ATEL  Cash
Distribution Fund IV, LP;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made,  not  misleading  with  respect to the period  covered by this annual
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included  in this annual  report,  fairly  present in all  material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the  period  in which  this  annual  report  is being
     prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     annual report (the "Evaluation Date"); and

     c) presented in this annual report our conclusions  about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):

     a) all  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
annual report whether there were significant  changes in internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.



Date:
May 13, 2003

/s/ Paritosh K. Choksi
------------------------
Paritosh K. Choksi
Principal Financial Officer of Registrant, Executive
Vice President of General Partner



                                       13
<PAGE>

                                 CERTIFICATIONS

I, Dean L. Cash, certify that:

1.  I  have  reviewed  this  quarterly  report  on  Form  10-QSB  of  ATEL  Cash
Distribution Fund IV, LP;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made,  not  misleading  with  respect to the period  covered by this annual
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included  in this annual  report,  fairly  present in all  material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the  period  in which  this  annual  report  is being
     prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     annual report (the "Evaluation Date"); and

     c) presented in this annual report our conclusions  about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):

     a) all  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
annual report whether there were significant  changes in internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.


Date:
May 13, 2003


/s/ Dean L. Cash
------------------
Dean L. Cash
President and Chief Executive
Officer of General Partner





                                       14
<PAGE>

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-QSB of ATEL Cash Distribution
Fund IV, LP, (the  "Partnership")  for the period  ended March 31, 2003 as filed
with the Securities and Exchange  Commission on the date hereof (the  "Report"),
and  pursuant  to 18  U.S.C.  ss.1350,  as  adopted  pursuant  to  ss.906 of the
Sarbanes-Oxley  Act of 2002, I, Dean L. Cash,  Chief  Executive  Officer of ATEL
Financial  Services,  LLC,  general partner of the  Partnership,  hereby certify
that:

1. The Report fully complies with the  requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

2. The  information  contained in the Report  fairly  presents,  in all material
respects, the financial condition and results of operations of the Partnership.

Date:
May 13, 2003


/s/ Dean L. Cash
---------------------------
Dean L. Cash
President and Chief Executive
Officer of General Partner




                                       15
<PAGE>

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-QSB of ATEL Cash Distribution
Fund IV, LP, (the  "Partnership")  for the period  ended March 31, 2003 as filed
with the Securities and Exchange  Commission on the date hereof (the  "Report"),
and  pursuant  to 18  U.S.C.  ss.1350,  as  adopted  pursuant  to  ss.906 of the
Sarbanes-Oxley  Act of 2002, I, Dean L. Cash,  Chief  Executive  Officer of ATEL
Financial  Services,  LLC,  general partner of the  Partnership,  hereby certify
that:

1. The Report fully complies with the  requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

2. The  information  contained in the Report  fairly  presents,  in all material
respects, the financial condition and results of operations of the Partnership.

Date:
May 13, 2003


/s/ Paritosh K. Choksi
---------------------------
Paritosh K. Choksi
Executive Vice President of General
Partner, Principal Financial Officer of Registrant

                                       16