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 September 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


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 September 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

                               SEPTEMBER 30, 2003
                                   (Unaudited)


                                     ASSETS


Cash and cash equivalents                                          $1,099,567

Accounts receivable, net of allowance for doubtful
   accounts of $383                                                   201,026

Investment in leases                                                1,323,844
                                                             -----------------
                                                                      $2,624,437
                                                             =================


                        LIABILITIES AND PARTNERS' CAPITAL


Accounts payable                                                     $ 63,935
                                                             -----------------
Total liabilities                                                      63,935

Partners' capital:
     General Partner                                                  245,255
     Limited Partners                                               2,315,247
                                                             -----------------
Total partners' capital                                             2,560,502
                                                             -----------------
                                                                      $2,624,437
                                                             =================





                             See accompanying notes.



                                        3
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                INCOME STATEMENTS

                       NINE AND THREE MONTH PERIODS ENDED
                           SEPTEMBER 30, 2003 AND 2002
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                       Nine Months Ended                   Three Months Ended
                                                          September 30,                        September 30,
Revenues:                                            2003              2002              2003               2002
                                                     ----              ----              ----               ----
Lease revenues:
<S>                                                   <C>               <C>                <C>               <C>
   Direct financing                                   $ 562,847         $ 632,939          $ 178,399         $ 207,512
   Operating                                            331,117           375,883             92,398            72,732
   Gain on sales of assets                               69,404           138,108             10,832           127,977
Interest income                                           6,889             9,489              2,096             2,536
Other                                                     1,047            11,903                924            11,610
                                               ----------------- ----------------- ------------------ -----------------
                                                        971,304         1,168,322            284,649           422,367
Expenses:
Cost reimbursements to General Partner                  282,792           232,221             60,959            96,555
Depreciation and amortization                           218,425           339,619             65,678            96,595
Professional fees                                        43,926            30,676             11,906             1,036
Recovery of provision for doubtful accounts             (24,000)                -                  -                 -
Interest                                                      -            10,431                  -                 -
Other                                                    70,302            72,920             32,157            17,924
                                               ----------------- ----------------- ------------------ -----------------
                                                        591,445           685,867            170,700           212,110
                                               ----------------- ----------------- ------------------ -----------------
Net income                                            $ 379,859         $ 482,455          $ 113,949         $ 210,257
                                               ================= ================= ================== =================
Net income:
     General Partner                                    $ 3,799           $ 4,825            $ 1,140           $ 2,103
     Limited Partners                                   376,060           477,630            112,809           208,154
                                               ----------------- ----------------- ------------------ -----------------
                                                      $ 379,859         $ 482,455          $ 113,949         $ 210,257
                                               ================= ================= ================== =================
Net income per Limited Partnership unit                   $0.05             $0.06              $0.02             $0.03
Weighted average number of units outstanding          7,487,350         7,487,350          7,487,350         7,487,350
</TABLE>


                             See accompanying notes.



                                        4
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                   STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

                      FOR THE YEAR ENDED DECEMBER 31, 2002
                                   AND FOR THE
                             NINE MONTH PERIOD ENDED
                               SEPTEMBER 30, 2003
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                     Limited Partners        General
                                         Units             Amount            Partner            Total

<S>                                       <C>             <C>                   <C>             <C>
Balance December 31,2001                  7,487,350       $ 3,331,557           $ 229,021       $3,560,578

Distributions to Limited Partners                            (935,937)                  -         (935,937)
Net Income                                                  1,231,071              12,435        1,243,506
                                    ----------------- ----------------- ------------------ -----------------

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                                                     376,060              3,799           379,859
                                    ----------------- ----------------- ------------------ -----------------
Balance September 30, 2003                 7,487,350       $ 2,315,247          $ 245,255        $2,560,502
                                    ================= ================= ================== =================
</TABLE>




                             See accompanying notes.



                                        5
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                            STATEMENTS OF CASH FLOWS

                       NINE AND THREE MONTH PERIODS ENDED
                           SEPTEMBER 30, 2003 AND 2002
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                         Nine Months Ended                   Three Months Ended
                                                            September 30,                        September 30,
                                                            -------------                        -------------
                                                       2003              2002              2003               2002
                                                       ----              ----              ----               ----
Operating activities:
<S>                                                     <C>               <C>                <C>               <C>
Net income                                              $ 379,859         $ 482,455          $ 113,949         $ 210,257
Adjustments to reconcile net income to
   net cash provided by operations:
     Recovery of provision for doubtful accounts          (24,000)                -                  -                 -
     Depreciation and amortization                        218,425           339,619             65,678            96,595
     Gain on sales of assets                              (69,404)         (138,108)           (10,832)         (127,977)
Changes in operating assets and liabilities:
   Accounts receivable                                    (89,757)           90,666            (97,373)           28,671
   Accounts payable, General Partner                            -           (48,454)                 -                 -
   Accounts payable, other                                 (2,894)          (10,583)               838            (6,151)
   Accrued interest                                             -            (2,123)                 -            (1,460)
   Unearned operating lease income                        (57,989)           36,919                  -            80,138
                                                 ----------------- ----------------- ------------------ -----------------
Net cash from operations                                  354,240           750,391             72,260           280,073
                                                 ----------------- ----------------- ------------------ -----------------

Investing activities:
Proceeds from sales of lease assets                       117,983         1,102,822             19,404           701,782
Reduction of net investment in direct financing
   leases                                                 114,694            46,562             47,261            18,989
                                                 ----------------- ----------------- ------------------ -----------------
Net cash provided by investing activities                 232,677         1,149,384             66,665           720,771
                                                 ----------------- ----------------- ------------------ -----------------

Financing activities:
Distributions to limited partners                      (1,687,504)         (935,936)                 -                 -
Repayment of non-recourse debt                                  -          (294,396)                 -          (202,463)
                                                 ----------------- ----------------- ------------------ -----------------
Net cash used in financing activities                  (1,687,504)       (1,230,332)                 -          (202,463)
                                                 ----------------- ----------------- ------------------ -----------------
Net (decrease) increase in cash and cash
   equivalents                                         (1,100,587)          669,443            138,925           798,381
Cash and cash equivalents at beginning of
   period                                               2,200,154         1,269,512            960,642         1,140,574
                                                 ----------------- ----------------- ------------------ -----------------
Cash and cash equivalents at end of period             $1,099,567       $ 1,938,955        $ 1,099,567        $1,938,955
                                                 ================= ================= ================== =================


Supplemental disclosures of cash flow information:
Cash paid for interest                                        $ -          $ 12,554                $ -           $ 1,460
                                                 ================= ================= ================== =================

</TABLE>

                             See accompanying notes.



                                        6
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003
                                   (Unaudited)


1. Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance
with accounting  principles  generally  accepted in the United States (GAAP) for
interim  financial  information and with instructions to Form 10-QSB 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.  The
preparation of financial  statements in accordance with GAAP requires management
to make estimates and assumptions  that effect reported amounts in the financial
statements and accompanying notes.  Therefore,  actual results could differ from
those estimates. Operating results for the three and nine months ended September
30,  2003 are not  necessarily  indicative  of the  results  for the year ending
December 31, 2003.

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.  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 /
                                                                                Amortization
                                   Expense or
                            Amortization of Reclassi-
                                                              December 31,    Direct Financing     fications &      September 30,
                                                                  2002             Leases         Dispositions           2003
                                                                  ----             ------       - -------------          ----
<S>                                                               <C>               <C>                  <C>             <C>
Net investment in direct financing leases                         $1,221,754        $ (114,694)          $ (6,478)       $1,100,582
Net investment in operating leases                                   475,908        $ (210,545)         $ (53,101)          212,262
Assets held for sale or lease                                              -                 -             11,000            11,000
Initial direct costs, net of accumulated
   amortization of $105,068 in 2003 and $107,405
   in 2002                                                             7,880            (7,880)                 -                 -
                                                            ----------------- ----------------- ------------------ -----------------
                                                                  $1,705,542        $ (333,119)         $ (48,579)       $1,323,844
                                                            ================= ================= ================== =================
</TABLE>

                                        7
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                               September 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 and acquisitions  and  dispositions  during the nine months ended September
30, 2003.


<TABLE>
<CAPTION>
                                  Balance                             Reclassi-          Balance
                                December 31,      Depreciation      fications of      September 30,
                                    2002            Expense         Dispositions           2003
                                    ----            --------        ------------           ----
<S>                                 <C>                 <C>              <C>               <C>
Transportation                      $1,854,919               $ -         $ (273,282)       $1,581,637
Manufacturing                          457,670                 -                  -           457,670
Materials handling                     291,919                 -           (256,000)           35,919
Construction equipment                 236,457                 -           (236,457)                -
                              ----------------- ----------------- ------------------ -----------------
                                     2,840,965                 -           (765,739)        2,075,226
Less accumulated depreciation       (2,365,057)         (210,545)           712,638        (1,862,964)
                              ----------------- ----------------- ------------------ -----------------
                                     $ 475,908        $ (210,545)         $ (53,101)        $ 212,262
                              ================= ================= ================== =================
</TABLE>

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

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

<TABLE>
<CAPTION>
                                                              Direct
                                          Operating          Financing           Total
<S>                                            <C>               <C>               <C>
 Three months ending December 31, 2003         $ 73,892          $ 225,660         $ 299,552
         Year ending December 31, 2004           31,741            592,399           624,140
                                       ----------------- ------------------ -----------------
                                              $ 105,633          $ 818,059         $ 923,692
                                       ================= ================== =================
</TABLE>

Direct financing leases:

As of September 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:

<TABLE>
<CAPTION>
                                                               September 30,      December 31,
                                                                   2003               2002
                                                                   ----               ----
<S>                                                                <C>                <C>
Total minimum lease payments receivable                              $ 818,059        $1,501,199
Estimated residual values of leased equipment (unguaranteed)           895,971           902,450
                                                             ------------------ -----------------
Investment in direct financing leases                                1,714,030         2,403,649
Less unearned income                                                  (613,448)       (1,181,895)
                                                             ------------------ -----------------
Net investment in direct financing leases                          $ 1,100,582        $1,221,754
                                                             ================== =================
</TABLE>




                                        8
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                               September 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  $282,792  and $232,221 in the nine
months  ended  September  30, 2003 and 2002,  respectively.  For the three month
period ending September 30, 2003, cost  reimbursement to the General Partner was
$60,959 and $96,555 for the similar period in 2002.

During  2001,  the  General  Partner  decided to take no  further  fees from the
Partnership.  Such fees would otherwise have totaled  approximately  $54,148 and
$48,337 for the nine months ended September 30, 2003 and 2002, respectively. For
the three months ended September 30, 2003 and September 30, 2002, the fees would
have totaled $7,284 and $6,418, respectively.


5. Members Capital:

As of  September  30,  2003,  74,873,500  Units  ($7,487,350)  were  issued  and
outstanding (including the 50 Units issued to the Initial Limited Members).

The Company's Net Income, Net Losses, and Distributions,  as defined,  are to be
allocated 99% to the Other members and 1% to the Managing Member.

Distributions to the Other Members were as follows in 2003 and 2002:

<TABLE>
<CAPTION>
                                                     Nine Months                         Three Months
                                                  Ended September 30,                  Ended September 30,
                                                  -------------------                  -------------------
                                                 2003              2002              2003               2002
                                                 ----              ----              ----               ----

<S>                                               <C>                <C>                <C>              <C>
Distributions                                    $1,687,504         $ 935,936                $ -               $ -

Weighted average number of Units outstanding      7,487,350          7,487,350          7,487,350        7,487,350

Weighted average distributions per Unit             $ 0.225           $ 0.125                $ -               $ -
</TABLE>





                                        9
<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 and
proceeds from lease asset sales exceed expenses, 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.

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

Sources of cash from  investing  activities  in 2003 and 2002  consisted  of the
proceeds  from 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
$46,562 in the first nine months of 2002 to $114,694 for the same period in 2003
and from  $18,989 to $47,261 for the three month  periods.  As direct  financing
leases  mature,  a larger  percentage of the lease payments are accounted for as
financing  activities as opposed to lease  revenues.  This has given rise to the
increase in cash flows noted here.

Sources of cash from  investing  activities  in 2003 and 2002  consisted  of the
proceeds  from 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
$46,562 in the first nine months of 2002 to $114,694 for the same period in 2003
and from  $18,989 to $47,261 for the three month  periods.  As direct  financing
leases  mature,  a larger  percentage of the lease payments are accounted for as
financing  activities as opposed to lease  revenues.  This has given rise to the
increase in cash flows noted here.

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.



                                       10
<PAGE>

Results of Operations

Operations for the nine month period ended  September 30, 2003 resulted in a net
income of $379,859  compared  to net income of  $482,455  for the same period in
2002. The three month period ended  September 30, 2003 resulted in net income of
$113,949 compared to $210,257 for the same period in 2002.  Revenues declined by
$197,018 for the nine month period in 2003;  this decrease was partially  offset
by overall  decreases in expenses of $94,422 in 2003  compared to 2002.  For the
three month periods ended September 30, 2003 and 2002,  revenues  decreased from
$422,367 in 2002 to $284,649 in 2003, a decrease of  $137,718.  As with the nine
month periods,  expenses  decreased  compared to 2002,  from $212,110 in 2002 to
$170,700 in 2003, a decrease of $41,410.

Most  significant was the decline in  depreciation  and  amortization  expenses,
which  decreased  from  $339,619  in 2002 to $218,425 in 2003 for the nine month
periods  and from  $96,595 to $65,678 in the three  month  period as a result of
fewer operating lease assets subject to depreciation  due to ongoing asset sales
as the Company liquidates.

Gains on sales  from  lease  assets for the nine  month  period  decreased  from
$138,108  in 2002 to $69,404 in 2003 and from  $127,977  to $10,832 for the nine
month period.  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.

Cost  reimbursements  to the General  Partner  increased by $50,571 for the nine
months ended September 30, 2003 compared to the comparable  period in 2002. Cost
reimbursements  decreased by $35,596 for the three month period ended  September
30, 2003 compared to the  comparable  period in 2002. In early 2003, the General
Partner  reevaluated  the methods and amounts of costs  allocated to the various
entities it manages.  As a result of this,  certain costs were  allocated to the
Partnership  on a one time  basis in the first  quarter  of 2003.  On an ongoing
basis,  this  led  to  decreased  cost  allocations  to  the  Partnership.   The
combination  of these  factors has led to the nine month  increase and the three
month decrease noted.

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  commodity  risk and equity price risk
are insignificant to both its financial position and results of operations.

Item 4.  Controls and procedures.

Internal Controls

As of September 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 September 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 September 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.

         Inapplicable.

Item 2. Changes In Securities.

         Inapplicable.



                                       11
<PAGE>

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, September 30, 2003.

          Statements  of  operations  for the nine and three month periods ended
          September 30, 2003 and 2002.

          Statements  of changes in partners'  capital for the year end December
          31, 2002 and for the nine month period ended September 30, 2003.

          Statements  of cash flows for the nine and three month  periods  ended
          September 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.

   3. Other Exhibits

          99.1 Certification of Paritosh K. Choksi

          99.2 Certification of Dean L. Cash

          99.3 Certification Pursuant to 18 U.S.C. section 1350 of Dean L. Cash

          99.4 Certification  Pursuant to 18 U.S.C.  section 1350 of Paritosh K.
          Choksi

 (b)  Report on Form 8-K
          None



                                       12
<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:
November 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





                                       13
<PAGE>

Exhibit 99.1
                                 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:
November 12, 2003

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


                                       14
<PAGE>

Exhibit 99.2
                                 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:
November 12, 2003


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


                                       15
<PAGE>

Exhibit 99.3
                            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  September  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:
November 12, 2003


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



                                       16
<PAGE>

Exhibit 99.4
                            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  September  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:
November 12, 2003


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

                                       17
<PAGE>