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 June
                30, 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 June 30,  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

                                 June 30, 2003
                                   (Unaudited)


                                     ASSETS


Cash and cash equivalents                                             $ 960,642

Accounts receivable, net of allowance for doubtful accounts of $383     103,653

Investments in leases                                                 1,445,355
                                                                   -------------
Total assets                                                        $ 2,509,650
                                                                   =============


                        LIABILITIES AND PARTNERS' CAPITAL



Accounts payable                                                       $ 63,097
                                                                   -------------
Total liabilities                                                        63,097

Partners' capital:
     General Partner                                                    244,115
     Limited Partners                                                 2,202,438
                                                                   -------------
Total partners' capital                                               2,446,553
                                                                   -------------
Total liabilities and partners' capital                             $ 2,509,650
                                                                   =============


                             See accompanying notes.




                                       3
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                INCOME STATEMENTS

                        SIX AND THREE MONTH PERIODS ENDED
                             JUNE 30, 2003 AND 2002
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                       Six Months                        Three Months
                                                     Ended June 30,                     Ended June 30,
                                                     --------------                     --------------
                                                 2003              2002             2003             2002
                                                 ----              ----             ----             ----
Revenues:
Leasing activities:
<S>                                               <C>               <C>              <C>              <C>
   Direct financing leases                        $ 384,448         $ 425,427        $ 188,242        $ 222,654
   Operating leases                                 238,719           303,151          127,426          165,289
  Gain on sale of assets                             58,572            10,131           28,453            2,737
Interest                                              4,793             6,953            1,943            2,692
Other                                                   123               293               81              256
                                            ---------------- ----------------- ---------------- ----------------
                                                    686,655           745,955          346,145          393,628
                                            ---------------- ----------------- ---------------- ----------------
Expenses:
Cost reimbursements to General Partner              221,833           135,666          127,851           83,916
Depreciation and amortization                       152,747           243,024           73,912          118,466
Professional fees                                    32,020            29,640           13,957           18,505
Recovery of provision for doubtful accounts         (24,000)                -           (4,000)               -
Interest                                                  -            10,431                -            4,717
Other                                                38,145            54,996           21,455           30,408
                                            ---------------- ----------------- ---------------- ----------------
                                                    420,745           473,757          233,175          256,012
                                            ---------------- ----------------- ---------------- ----------------
Net income                                        $ 265,910         $ 272,198        $ 112,970        $ 137,616
                                            ================ ================= ================ ================

Net income
     General Partner                                $ 2,659           $ 2,722          $ 1,130          $ 1,376
     Limited Partners                               263,251           269,476          111,840          136,240
                                            ---------------- ----------------- ---------------- ----------------
                                                  $ 265,910         $ 272,198        $ 112,970        $ 137,616
                                            ================ ================= ================ ================
Net income per Limited Partnership unit               $0.04             $0.04            $0.01            $0.02
Weighted average number of units outstanding      7,487,350         7,487,350        7,487,350        7,487,350
</TABLE>


                    STATEMENT OF CHANGES IN PARTNERS' CAPITAL

                             SIX MONTH PERIOD ENDED
                                 June 30, 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                                     -           263,251            2,659          265,910
                                 ---------------- ----------------- ---------------- ----------------
Balance June 30, 2003                  7,487,350        $2,202,438        $ 244,115      $ 2,446,553
                                 ================ ================= ================ ================
</TABLE>

                             See accompanying notes.


                                       4
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                            STATEMENTS OF CASH FLOWS

                     SIX MONTH AND THREE MONTH PERIODS ENDED
                             JUNE 30, 2003 AND 2002
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                              Six Months                        Three Months
                                                            Ended June 30,                     Ended June 30,
Operating activities:                                   2003              2002             2003             2002
                                                        ----              ----             ----             ----
<S>                                                      <C>               <C>              <C>              <C>
Net income                                               $ 265,910         $ 272,198        $ 112,970        $ 137,616
Adjustments to reconcile net income to
  net cash provided by operations:
   Recovery of loss provision                              (24,000)                -           (4,000)               -
   Depreciation and amortization                           152,747           243,024           73,912          118,466
   Gain on sale of asset                                   (58,572)          (10,131)         (28,453)          (2,737)
   Changes in operating assets and liabilities:
     Accounts receivable                                     7,616            61,995           36,109           69,723
     Accounts payable, General Partner                           -           (48,454)               -                -
     Accounts payable, other                                (3,732)           (4,432)            (838)            (158)
     Accrued interest payable                                    -              (663)               -             (335)
     Unearned operating lease income                       (57,989)          (43,219)         (32,732)         (41,204)
                                                   ---------------- ----------------- ---------------- ----------------
Net cash from operations                                   281,980           470,318          156,968          281,371
                                                   ---------------- ----------------- ---------------- ----------------

Investing activities:
Reduction in investment in direct financing leases          67,433            27,573           37,419            3,846
Proceeds from sales of lease assets                         98,579           401,040           46,656           31,903
                                                   ---------------- ----------------- ---------------- ----------------
Net cash provided by investing activities                  166,012           428,613           84,075           35,749
                                                   ---------------- ----------------- ---------------- ----------------

Financing activities:
Distributions to limited partners                       (1,687,504)         (935,936)               -                -
Repayment of non-recourse debt                                   -           (91,933)               -          (46,462)
                                                   ---------------- ----------------- ---------------- ----------------
Net cash used in financing activities                   (1,687,504)       (1,027,869)               -          (46,462)
                                                   ---------------- ----------------- ---------------- ----------------

Net increase (decrease) in cash and                     (1,239,512)         (128,938)         241,043          270,658
 cash equivalents
Cash and cash equivalents at                             2,200,154         1,269,512          719,599          869,916
 beginning of period
                                                   ---------------- ----------------- ---------------- ----------------
Cash and cash equivalents at end of
 period                                                  $ 960,642        $1,140,574        $ 960,642      $ 1,140,574
                                                   ================ ================= ================ ================

Supplemental disclosures of cash flow
  information:
Cash paid during period for interest                           $ -          $ 11,094              $ -          $ 5,052
                                                   ================ ================= ================ ================
</TABLE>



                             See accompanying notes.





                                       5
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                 June 30, 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 the  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       June 30,
                                               2002           of Leases       Dispositions         2003
                                               ----           ---------      --------------        ----
<S>                                           <C>                 <C>               <C>           <C>
Net investment in direct financing leases     $ 1,221,754         $ (67,433)        $ (6,478)     $ 1,147,843
Net investment in operating leases                475,908          (147,494)         (44,529)         283,885
Assets held for sale or lease                           -                 -           11,000           11,000
Initial direct costs, net of accumulated
   amortization of $102,441 in 2003 and
    $107,405 in 2002                                7,880            (5,253)               -            2,627
                                          ---------------- ----------------- ---------------- ----------------
                                              $ 1,705,542        $ (220,180)       $ (40,007)     $ 1,445,355
                                          ================ ================= ================ ================
</TABLE>




                                       6
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                 June 30, 2003
                                   (Unaudited)

3. Investment in leases (continued):

Operating leases:

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 quarters ended March 31, 2003 and
June 30, 2003.

<TABLE>
<CAPTION>
                                                                       Reclassifications &
                                 December 31,                     Dispositions        June 30,
                                   2002          1st Quarter       2nd Quarter         2003
                                   ----          -----------       -----------         ----
<S>                               <C>                 <C>              <C>            <C>
Transportation                    $ 1,854,919         $ (90,876)       $ (98,207)     $ 1,665,836
Manufacturing                         457,670                 -                -          457,670
Materials handling                    291,919                 -         (256,000)          35,919
Construction                          236,457                 -         (236,457)               -
                              ---------------- ----------------- ---------------- ----------------
                                    2,840,965           (90,876)        (590,664)       2,159,425
Less accumulated depreciation      (2,365,057)             (658)         490,175       (1,875,540)
                              ---------------- ----------------- ---------------- ----------------
                                    $ 475,908         $ (91,534)      $ (100,489)       $ 283,885
                              ================ ================= ================ ================
</TABLE>

All of the property on operating leases was acquired during 1992 through 1996.

Direct financing leases:

As of June 30, 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 June 30, 2003:

Total minimum lease payments receivable                             $ 1,043,719
Estimated residual values of leased equipment (unguaranteed)            895,971
                                                                ----------------
Investment in direct financing leases                                 1,939,690
Less unearned income                                                   (791,847)
                                                                ----------------
Net investment in direct financing leases                           $ 1,147,843
                                                                ================

At June 30, 2003, the aggregate  amounts of future minimum lease payments are as
follows:

<TABLE>
<CAPTION>
                                       Operating      Direct Financing
                                        Leases            Leases            Total
<S>                                       <C>               <C>              <C>
Six months ending December 31, 2003       $ 155,467         $ 451,320        $ 606,787
Year ending December 31, 2004                31,740           592,399          624,139
                                    ---------------- ----------------- ----------------
                                          $ 187,207        $1,043,719      $ 1,230,926
                                    ================ ================= ================
</TABLE>



                                       7
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                 June 30, 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  $221,833  and  $135,666 in the six
months ended June 30, 2003 and 2002, respectively.  These reimbursements totaled
$127,851 and $83,916 in the three months ended June 30, 2003 and 2002.

During  2001,  the  General  Partner  decided to take no  further  fees from the
Partnership.  Such fees would otherwise have totaled  approximately  $42,063 and
$52,446  for the six months  ended June 30, 2003 and 2002,  respectively.  These
same fees would have totaled $33,087 and $43,470 for the three months ended June
30, 2003 and 2002, respectively.







                                       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 decreasing as distributions  are made to the limited partners and
to the extent expenses exceed cash flows from leases.

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 June 30, 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 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

For the six month periods ended June 30, 2003 and 2002,  the primary  sources of
cash from  operations  were rents from direct  financing and  operating  leases.
Direct finance lease rents  decreased from $425,427 in 2002 to $384,448 in 2003,
a decrease  of $40,979  for the six month  period and from  $222,654  in 2002 to
$188,242 in 2003,  a decrease of $34,412 for the three month  period.  Cash from
operating leases decreased by $64,432 from 2002 to 2003 for the six month period
and by $37,863  for the three month  period.  These  decreases  were a result of
sales of direct finance and operating lease assets over the prior year.

Sources of cash from  investing  activities  in 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
$27,573 in the first six months of 2002 to $67,433  for the same  period in 2003
and from $3,846 to $37,419 for the three month periods.

In 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 for the six month period ended June 30, 2003 resulted in a net income
of $265,910  compared to net income of $272,198 for the same period in 2002. The
three month  period  ended June 30, 2003  resulted in a decrease of $24,646 from
the comparable period in 2002. Although revenues declined by $59,300 for the six
month  period,  this  decrease  was offset by overall  decreases  in expenses of
$53,012 in 2003  compared to 2002.  For the three month  periods  ended June 30,
2003 and 2002,  revenues  decreased from $393,628 in 2002 to $346,145 in 2003, a
decrease of $47,483. As with the six month periods,  expenses decreased compared
to 2002, from $217,745 in 2002 to $187,570 in 2003, a decrease of $30,175.



                                       9
<PAGE>

Most  significant was the decline in  depreciation  and  amortization  expenses,
which  decreased  from  $243,024  in 2002 to  $152,747 in 2003 for the six month
periods and from  $118,466  to $73,912 in the three month  period as a result of
operating lease asset sales over the last year.

Gains on sales from lease assets for the six month period increased from $10,131
in 2002 to  $58,572  in 2003 and from  $2,737 to  $28,453  for the  three  month
periods.  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, with no additions to operating lease assets.

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 June 30, 2003, the  Partnership
had no indebtedness to lenders.


Item 4.  Controls and procedures.

Internal Controls

As of June 30, 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 June 30,  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 June 30, 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.

This matter involves  litigation over the enforceability of a liquidated damages
clause in a lease,  and a combined claim of the  Partnership and some affiliates
of the Partnership, of approximately $4,000,000. The General Partner has brought
a suit in San Francisco  Superior Court on behalf the Partnership.  The suit was
removed to Federal  District  Court in San  Francisco.  The lessee,  Quaker Coal
Company,  leases mining equipment from the  above-referenced  Funds. On December
31, 1997, the lessee  requested a forbearance and relief on lease payments for a
period of three months. By May 1998, the lessee was past due for five months.

On or about May 12,  1998,  the  General  Partner  declared  the lessee to be in
default of the lease and demanded the acceleration of all lease receivables,  or
alternatively,  a modification of the lease  obligation.  On or about June 1998,
the Lessee made itself current on  substantially  all outstanding  amounts.  The
Partnership  filed a suit against the lessee for its contractual  damages in the
U.S. District Court of Northern California (the "Court").



                                       10
<PAGE>

On June 16, 2000, the lessee filed for  protection  under Chapter 11 of the U.S.
Bankruptcy  Code.  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 in securing the return of its
equipment, which equipment has been since liquidated.

The Court issued a ruling on March 4, 2001, denying the Partnership's  claim for
damages.  The lessee  subsequently  filed a claim against the  Partnership,  for
reimbursement  of its legal  expenses.  The  Partnership  believed  the  Court's
decision is  erroneous  as a matter law,  and filed an appeal of the decision in
the U.S. District Court of Appeals.

The lessee filed a plan of reorganization  in the Bankruptcy  Court,  which plan
was objected to by several large  creditors,  including the  Partnership.  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,  and voting on the competing plans occurred October 8,
2001. The results of the vote were that American  Electric  Power's ("AEP") Plan
of Reorganization ("AEP Plan") was successful.  Under the AEP Plan, the claim of
the  Partnership  was  assigned  to a  liquidating  trustee for  resolution  and
satisfaction of creditors' claims against the debtor's estate.

In January 2002, the General Partner attended an appellate settlement conference
seeking to resolve the outstanding  disputed claim. A reserve had 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.  The appellate  decision,  handed down in
March of 2003, was adverse to Partnership's position. Currently, the Partnership
is not  expected to recover any amounts  above the payment of the lease rent and
the proceeds of the liquidation of the equipment already received.

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, June 30, 2003.

          Income  Statements  for the six and three month periods ended June 30,
          2003 and 2002.

          Statement  of Changes in  Partners'  Capital for the six months  ended
          June 30, 2003.

          Statements of Cash Flows for the six month periods ended June 30, 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>

                                 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:
August 12, 2003

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



                                       12
<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:
August 12, 2003


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


                                       13
<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 June 30, 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:
August 12, 2003


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


                            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 June 30, 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:
August 12, 2003


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


                                       14
<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:
August 12, 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

                                       15
<PAGE>