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, 1998

                  |_|   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.)

           235 Pine Street, 6th Floor, San Francisco, California 94104
                    (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  |_|

                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None

<PAGE>

                          Part I FINANCIAL INFORMATION

Item 1. Financial Statements.


<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                  BALANCE SHEET

                               SEPTEMBER 30, 1998
                                   (Unaudited)


                                     ASSETS


Cash and cash equivalents                                              $756,088

Accounts receivable                                                     264,327

Investment in leases                                                 23,369,707
                                                               -----------------
                                                                    $24,390,122
                                                               =================


                        LIABILITIES AND PARTNERS' CAPITAL


Non-recourse debt                                                    $5,230,799
Accounts payable:
   General Partner                                                       45,581
   Other                                                              1,443,921
Accrued interest                                                         23,237
Unearned operating lease income                                         246,212
                                                               -----------------
Total liabilities                                                     6,989,750

Partners' capital:
     General Partner                                                    117,637
     Limited Partners                                                17,282,735
                                                               -----------------
Total partners' capital                                              17,400,372
                                                               -----------------
                                                                    $24,390,122
                                                               =================





                             See accompanying notes.
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                INCOME STATEMENTS

                       NINE AND THREE MONTH PERIODS ENDED
                           SEPTEMBER 30, 1998 AND 1997
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                  Nine Months Ended                   Three Months Ended
                                                                    September 30,                       September 30,
Revenues:                                                       1998              1997              1998              1997
                                                                ----              ----              ----              ----
Lease revenues:
<S>                                                             <C>               <C>                <C>              <C>       
   Operating                                                    $2,751,484        $5,420,170          $845,349        $1,508,791
   Direct financing                                                821,370         1,014,640           255,571           447,483
   Leveraged                                                       140,614           186,039            46,872            62,013
   Gain (loss) on sales of assets                                  153,476         1,091,776           105,133           (12,859)
Other                                                               26,486               724            22,393              (418)
Interest income                                                     71,424            22,310            11,737             5,352
                                                          ----------------- ----------------- ----------------- -----------------
                                                                 3,964,854         7,735,659         1,287,055         2,010,362
Expenses:
Depreciation and amortization                                    1,762,137         4,216,157           558,025           954,870
Interest                                                           352,431           822,510           100,691           140,931
Management fees                                                    366,309           506,568           101,029            93,261
Administrative cost reimbursements                                 189,635           229,871            70,550            89,615
Professional fees                                                   25,767            30,174            17,398            14,662
Provision for losses                                                13,145            57,231                 -                 -
Other                                                               75,113           133,634            15,885            46,841
                                                          ----------------- ----------------- ----------------- -----------------
                                                                 2,784,537         5,996,145           863,578         1,340,180
                                                          ----------------- ----------------- ----------------- -----------------
Net income                                                      $1,180,317        $1,739,514          $423,477          $670,182
                                                          ================= ================= ================= =================
Net income:
     General Partner                                               $11,803           $17,395            $4,235            $6,702
     Limited Partners                                            1,168,514         1,722,119           419,242           663,480
                                                          ----------------- ----------------- ----------------- -----------------
                                                                $1,180,317        $1,739,514          $423,477          $670,182
                                                          ================= ================= ================= =================

Net income per Limited Partnership unit                              $0.16             $0.23             $0.06             $0.09

Weighted average number of units outstanding                     7,487,350         7,487,350         7,487,350         7,487,350
</TABLE>

                             See accompanying notes.


<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                    STATEMENT OF CHANGES IN PARTNERS' CAPITAL

                             NINE MONTH PERIOD ENDED
                               SEPTEMBER 30, 1998
                                   (Unaudited)

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

<S>                                     <C>             <C>                  <C>            <C>        
Balance December 31, 1997               7,487,350       $23,976,764          $105,834       $24,082,598
Distributions to limited partners                        (7,862,543)                -        (7,862,543)
Net income                                                1,168,514            11,803         1,180,317
                                 ----------------- ----------------- ----------------- -----------------
Balance September 30, 1998              7,487,350       $17,282,735          $117,637       $17,400,372
                                 ================= ================= ================= =================
</TABLE>













                             See accompanying notes.

<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                            STATEMENTS OF CASH FLOWS

                       NINE AND THREE MONTH PERIODS ENDED
                           SEPTEMBER 30, 1998 AND 1997
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                  Nine Months Ended                   Three Months Ended
                                                                    September 30,                       September 30,
                                                                    -------------                       -------------
                                                                1998              1997              1998              1997
                                                                ----              ----              ----              ----
Operating activities:
<S>                                                             <C>               <C>                <C>               <C>     
Net income                                                      $1,180,317        $1,739,514          $423,477          $670,182
Adjustments to reconcile net income to
   net cash provided by operations:
     Depreciation and amortization                               1,762,137         4,216,157           558,025           954,870
     Leveraged lease income                                       (140,614)         (186,039)          (46,872)          (62,013)
     (Gain) loss on sales of assets                               (153,476)       (1,091,776)         (105,133)           12,859
     Provision for losses                                           13,145            57,231                 -                 -
Changes in operating assets and liabilities:
   Accounts receivable                                             155,611           162,815            31,454         3,218,421
   Accounts payable, General Partner                                   721            17,187           166,211            28,583
   Accounts payable, other                                       1,248,094           209,882           698,111           218,277
   Accrued interest                                                 (8,679)          (56,429)           (8,045)          (13,338)
   Deposits due to lessees                                               -           (97,772)                -                 -
   Unearned operating lease income                                (244,111)         (264,225)         (189,246)         (116,665)
                                                          ----------------- ----------------- ----------------- -----------------
Net cash from operations                                         3,813,145         4,706,545         1,527,982         4,911,176
                                                          ----------------- ----------------- ----------------- -----------------

Investing activities:
Purchase of equipment on operating leases                                -           (42,227)                -                 -
Purchase of equipment on direct financing leases                         -           (77,518)                -                 -
Reduction of net investment in direct financing
   leases                                                        1,871,948         1,955,389           592,673           528,711
Reduction of net investment in leveraged leases                          -           177,571                 -                 -
Proceeds from sales of lease assets                                652,642        14,449,750           156,092            80,898
                                                          ----------------- ----------------- ----------------- -----------------
Net cash (used in) provided by investing
   activities                                                    2,524,590        16,462,965           748,765           609,609
                                                          ----------------- ----------------- ----------------- -----------------
</TABLE>





<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                            STATEMENTS OF CASH FLOWS
                                   (CONTINUED)

                       NINE AND THREE MONTH PERIODS ENDED
                           SEPTEMBER 30, 1998 AND 1997

                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                  Nine Months Ended                   Three Months Ended
                                                                    September 30,                       September 30,
                                                                    -------------                       -------------
                                                                1998              1997              1998              1997
                                                                ----              ----              ----              ----
<S>                                                             <C>              <C>                <C>               <C>        
Financing activities:
Repayment of non-recourse debt                                  (1,709,200)      (12,672,865)         (574,097)       (2,822,170)
Borrowings under lines of credit                                         -           500,000                 -           500,000
Repayments of lines of credit                                            -        (1,500,000)                -          (500,000)
Distributions to limited partners                               (7,862,543)       (7,860,545)       (2,620,630)       (2,619,388)
Repurchase of units                                                      -                 -                                   -
                                                          ----------------- ----------------- ----------------- -----------------
Net cash used in financing activities                           (9,571,743)      (21,533,410)       (3,194,727)       (5,441,558)
                                                          ----------------- ----------------- ----------------- -----------------
Net increase (decrease) in cash and cash
   equivalents                                                  (3,234,008)         (363,900)         (917,980)           79,227
Cash and cash equivalents at beginning of
   period                                                        3,990,096           696,421         1,674,068           253,294
                                                          ----------------- ----------------- ----------------- -----------------
Cash and cash equivalents at end of period                        $756,088          $332,521          $756,088          $332,521
                                                          ================= ================= ================= =================


Supplemental disclosures of cash flow
   information:

Cash paid for interest                                            $361,110          $878,939          $108,736          $154,269
                                                          ================= ================= ================= =================
</TABLE>






                             See accompanying notes.



<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                           SEPTEMBER 30, 1998 AND 1997
                                   (Unaudited)


1.  Interim financial statements:

The unaudited interim financial statements reflect all adjustments which are, in
the opinion of the general partners,  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 most recent  report on Form
10K.

2. Investment in leases:

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

<TABLE>
<CAPTION>
                                                                              Depreciation
                                                                               Expense or         Reclass-
                                         December 31,                         Amortization      ifications &     September 30,
                                             1997            Additions         of Leases        Dispositions          1998
                                             ----            ---------         ---------      - -------------         ----
<S>                                          <C>                  <C>            <C>                 <C>             <C>        
Net investment in operating
   leases                                    $13,166,852                         ($1,602,905)        ($985,853)      $10,578,094
Net investment in direct
   financing leases                            8,803,127                          (1,871,948)         (501,188)        6,429,991
Net investment in leveraged
   leases                                      4,722,893                             140,614                 -         4,863,507
Equipment held for sale or lease                 131,158                                   -           996,354         1,127,512
Residual value interests                         582,057                                   -                 -           582,057
Initial direct costs, net of
   accumulated amortization of
   $934,748 in 1998 and
   $1,022,825 in 1997                            597,256                            (159,232)           (8,479)          429,545
Reserve for losses                              (627,854)         ($13,145)                -                 -          (640,999)
                                      ------------------- ----------------- ----------------- ----------------- -----------------
                                             $27,375,489          ($13,145)      ($3,493,471)        ($499,166)      $23,369,707
                                      =================== ================= ================= ================= =================
</TABLE>

<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                           SEPTEMBER 30, 1998 AND 1997
                                   (Unaudited)


2. Investment in lease assets (continued):

At September 30, 1998, equipment on operating leases consists of the following:

<TABLE>
<CAPTION>
                                           Balance                                                                  Balance
                                         December 31,     Acquisitions, Dispositions & Reclassifications         September 30,
                                             1997           1st Quarter       2nd Quarter     3rd Quarter             1998
                                             ----           -----------       -----------     -----------             ----
<S>                                          <C>               <C>                 <C>               <C>             <C>        
Construction equipment                        $4,985,297                                              ($59,740)       $4,925,557
Printing                                       4,393,249                                                     -         4,393,249
Transportation                                 5,412,784       ($1,861,391)        ($490,466)                          3,060,927
Corporate aircraft                             2,470,969                 -                 -                 -         2,470,969
Materials handling                             2,389,826                 -                 -          (122,268)        2,267,558
Manufacturing                                  1,587,670                 -                 -                 -         1,587,670
Ground support equipment                       1,127,988                 -                 -                 -         1,127,988
Data processing                                  851,561                 -          (165,767)                -           685,794
Other                                          2,054,576        (1,495,048)                -                 -           559,528
Office equipment                                 216,080                 -                 -                 -           216,080
                                      ------------------- ----------------- ----------------- ----------------- -----------------
                                              25,490,000        (3,356,439)         (656,233)         (182,008)       21,295,320
Accumulated depreciation                     (12,323,148)        1,983,425           (19,148)         (358,355)      (10,717,226)
                                      ------------------- ----------------- ----------------- ----------------- -----------------
                                             $13,166,852       ($1,373,014)        ($675,381)        ($540,363)      $10,578,094
                                      =================== ================= ================= ================= =================
</TABLE>

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

At September 30, 1998,  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, 1998          $782,916        $1,121,786        $1,904,702
        Year ending December 31, 1998         2,577,038         2,163,464         4,740,502
                                 2000         1,745,565         1,639,902         3,385,467
                                 2001         1,192,923         1,128,109         2,321,032
                                 2002           854,403           557,077         1,411,480
                           Thereafter           622,951            23,660           646,611
                                       ----------------- ----------------- -----------------
                                             $7,775,796        $6,633,998       $14,409,794
                                       ================= ================= =================
</TABLE>







<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                           SEPTEMBER 30, 1998 AND 1997
                                   (Unaudited)


4.  Non-recourse debt:

Notes payable to financial  institutions are due in varying  monthly,  quarterly
and semi-annual installments of principal and interest. The notes are secured by
assignments  of lease  payments and pledges of the assets  which were  purchased
with the proceeds of the particular notes. Interest rates on the notes vary from
7.04% to 13.3%.

Future minimum principal  payments of non-recourse debt as of September 30, 1998
are as follows:

<TABLE>
<CAPTION>
                                          Principal          Interest           Total
<S>                                          <C>                 <C>             <C>       

Three months ending December 31, 1998          $596,086           $98,664          $694,750
        Year ending December 31, 1998         2,045,296           287,128         2,332,424
                                 2000         1,535,205           151,657         1,686,862
                                 2001           697,282            56,062           753,344
                                 2002           356,930            22,731           379,661
                                       ----------------- ----------------- -----------------
                                             $5,230,799          $616,242        $5,847,041
                                       ================= ================= =================
</TABLE>


5.  Related party transactions:

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

The  General   Partners  and/or   Affiliates   earned  the  following  fees  and
commissions, pursuant to the Agreement of Limited Partnership as follows:

                                                  1998              1997
                                                  ----              ----
Incentive and equipment management fees             $366,309          $506,568
Administrative cost reimbursements                   189,635           229,871
                                            ----------------- -----------------
                                                    $555,944          $736,439
                                            ================= =================




<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                           SEPTEMBER 30, 1998 AND 1997
                                   (Unaudited)


6. Partner's capital:

The Fund is  authorized  to issue up to 7,500,000  Units of Limited  Partnership
interest in addition to the Initial Limited Partners.

The Fund's Net Profits,  Net Losses and Tax Credits are to be  allocated  99% to
the Limited Partners and 1% to the General Partner.

As more  fully  described  in the  Partnership  Agreement,  available  Cash from
Operations and Cash from Sales or Refinancing shall be distributed as follows:

     First, 5% of  Distributions  of Cash from Operations to the General Partner
as Incentive Management Fees.

     Second, the balance to the Limited Partners until the Limited Partners have
          received aggregate  Distributions,  as defined,  in an amount equal to
          their  Original  Invested  Capital,  as defined,  plus a 10% per annum
          cumulative  (compounded  daily)  return  on  their  Adjusted  Invested
          Capital, as defined.

     Third,the General  Partner will receive as Incentive  Management  Fees, the
           following: (A) 10% of remaining Cash from Operations, as defined, (B)
           15% of remaining Cash from Sales or Refinancing, as defined.

     Fourth, the balance to the Limited Partners.


7.  Line of credit:

The  Partnership  participates  with the  General  Partner  and  certain  of its
Affiliates in a $90,000,000 revolving credit agreement with a group of financial
institutions  which  expires on November 28,  1999.  The  agreement  includes an
acquisition  facility to be used by the  Partnership  and  Affiliates to provide
bridge financing for assets on leases.  Draws on the acquisition facility by any
individual  borrower  are  secured  only by that  borrower's  assets,  including
equipment and related leases.

At September  30, 1998,  the  Partnership  had no  borrowings  under the line of
credit.

The credit agreement  includes certain  financial  covenants  applicable to each
borrower.  The  Partnership was in compliance with its covenants as of September
30, 1998. At September 30, 1998, $32,612,740 was available under this agreement.


<PAGE>

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATIONS

Capital Resources and Liquidity

The  Partnership's  primary source of liquidity  during 1998 was lease revenues.
The  liquidity of the  Partnership  will vary in the future,  increasing  to the
extent cash flows from leases exceed  expenses,  and  decreasing as lease assets
are  acquired,  as  distributions  are made to the Limited  Partners  and to the
extent expenses exceed cash flows from leases.

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  Partner  envisions  no such  requirements  for
operating purposes.

As  of  September  30,  1998,  the   Partnership   had  borrowed   approximately
$38,342,000,  with a  remaining  unpaid  balance  of  approximately  $5,231,000.
Borrowings are to be non-recourse to the Partnership, that is, the only recourse
of the lender  will be to the  equipment  or  corresponding  lease  acquired  or
secured with the loan  proceeds.  The General  Partner  expects  that  aggregate
borrowings in the future will not exceed 40% of aggregate equipment cost. In any
event, the Agreement of Limited Partnership limits such borrowings to 40% of the
total cost of equipment, in aggregate.

The  Partnership  participates  with the  General  Partner  and  certain  of its
affiliates  in  a  $90,000,000   revolving  line  of  credit  with  a  financial
institution. The line of credit expires on November 28, 1998.

No  commitments  of capital  have been or are expected to be made other than for
the acquisition of additional equipment. As of September 30, 1998, there were no
such commitments.

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.

If interest rates increase  significantly,  the lease rates that the Partnership
can obtain on future  leases will be expected to increase as the cost of capital
is a significant  factor in the pricing of lease  financing.  Leases  already in
place, for the most part, would not be affected by changes in interest rates.


<PAGE>

1998 vs. 1997:
Nine months:

During the first nine months of 1998, the primary source of operating cash flows
was  operating  lease  revenues.  Total lease  revenues  decreased by $2,907,381
compared to 1997.

In 1998, the most important  source of cash from investing  activities was rents
from direct financing  leases.  Such rents decreased by $83,441 compare to 1997.
In 1997, the most  significant  source cash flows from investing  activities was
the  proceeds  from the  sales of  assets.  Proceeds  from  asset  sales are not
comparable  to prior  periods nor are they  expected to be  comparable to future
periods.

In 1997, the only source of cash from financing  activities was borrowings under
the line of credit.  There were no sources of cash from financing  activities in
1998. Cash used to repay  non-recourse  debt has decreased due to scheduled debt
reductions. Distributions to Limited Partners have not changed significantly.


Three months:

The  primary  source of cash from  operations  for the third  quarter  was lease
rents.  Lease rents have decreased from the prior year due to asset sales during
the preceding twelve months.

The investing  sources of cash in 1998 and 1997 were the same as noted above for
the nine month period.

In 1997, the only source of cash from financing  activities was borrowings under
the line of credit.  There were no sources of cash from financing  activities in
1998.


Results of Operations

Operations  in 1998  resulted  in net  income of  $1,180,317  for the nine month
period and $423,477 for the three month period. In 1997,  operations resulted in
net income of  $1,739,514  for the nine month  period and $670,182 for the three
month period.

1998 vs. 1997:

Operating lease revenues and direct  financing lease revenues have decreased due
to sales of leased assets during the last twelve months. Revenues from leveraged
leases have not changed significantly compared to 1997.

Depreciation  expense is  directly  related to the  amounts of  operating  lease
assets  and has  decreased  from 1997 to 1998 as a result of sales of  operating
lease assets over the last year.  Management  fees are related to the amounts of
lease revenues and distributions to Limited Partners.  As assets have been sold,
lease  revenues  have  decreased  and as a  result,  management  fees  have also
decreased. As a result of reductions in the amounts of outstanding  non-recourse
debt, interest expense has decreased compared to 1997.


Other


<PAGE>

Year 2000 Issues

The year 2000 issue is the result of computer  programs  being written using two
digits rather than four to define the  applicable  year.  Any computer  programs
that have time  sensitive  software may  recognize a date using "00" as the year
1900  rather  than the year  2000.  This  could  result in a system  failure  or
miscalculation causing disruptions of operations, including, among other things,
a  temporary  inability  to process  transactions  or engage in  similar  normal
business activities.

The Partnership  uses primarily third party software and is  communicating  with
key vendors to ensure that the  Partnership's  systems are year 2000  compliant.
Based on these  discussions,  the  Partnership  does not  expect  that the costs
related to the year 2000 issue will be  significant.  Ultimately,  the potential
impact  of the year  2000  issue  will  depend on the way in which the year 2000
issue is addressed by businesses and other entities whose financial condition or
operational capability is important to the Partnership.



<PAGE>

                            PART II OTHER INFORMATION

Item 1.                      LEGAL PROCEEDINGS.

                              Inapplicable.

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  Sheets,  September  30, 1998 and December
31, 1997.

                              Income  statements  for the nine and  three  month
                              periods ended September 30, 1998 and 1997.

                              Statement of changes in  partners'  equity for the
                              nine month period ended September 30, 1998.

                              Statements  of cash  flows  for the nine and three
                              month periods ended September 30, 1998 and 1997.

                              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

<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 10, 1998

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



                                  By: ATEL Financial Corporation
                                      General Partner of Registrant




                             By:   /s/ A.  J.  BATT
                                   -----------------------------------
                                   A. J. Batt
                                   President and Chief Executive Officer
                                   of General Partner




                             By:    /s/ DEAN L. CASH
                                    -----------------------------------
                                  Dean L. Cash
                                  Executive Vice President
                                  of General Partner




                             By:   /s/ F. RANDALL BIGONY
                                 --------------------------------------
                                 F. Randall Bigony
                                 Principal financial officer of
                                 registrant




                             By:   /s/ DONALD E.  CARPENTER
                                 --------------------------------------
                                 Donald E. Carpenter
                                 Principal accounting officer of
                                 registrant