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, 2002

                     |_|   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


                                       1
<PAGE>

                          Part I FINANCIAL INFORMATION

Item 1.    FINANCIAL STATEMENTS.



                                       2
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                  BALANCE SHEET

                               SEPTEMBER 30, 2002
                                   (Unaudited)


                                     ASSETS


Cash and cash equivalents                                           $1,938,955

Accounts receivable, net of allowance for doubtful
   accounts of $24,383                                                 102,587

Investment in leases                                                 1,244,349
                                                                ---------------
                                                                    $3,285,891
                                                                ===============


                        LIABILITIES AND PARTNERS' CAPITAL


Accounts payable                                                      $ 98,656

Unearned operating lease income                                         80,138
                                                                ---------------
Total liabilities                                                      178,794

Partners' capital:
     General Partner                                                   233,846
     Limited Partners                                                2,873,251
                                                                ---------------
Total partners' capital                                              3,107,097
                                                                ---------------
                                                                    $3,285,891
                                                                ===============





                             See accompanying notes.



                                       3
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                INCOME STATEMENTS

                       NINE AND THREE MONTH PERIODS ENDED
                           SEPTEMBER 30, 2002 AND 2001
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                            Nine Months Ended                   Three Months Ended
                                                               September 30,                       September 30,
                                                               -------------                       -------------
Revenues:                                                 2002              2001              2002              2001
                                                          ----              ----              ----              ----
Lease revenues:
<S>                                                        <C>               <C>                <C>              <C>
   Operating                                               $ 375,883         $ 491,177          $ 72,732         $ 176,164
   Direct financing                                          632,939           507,781           207,512           219,166
   Gain on sales of assets                                   138,108            19,149           127,977            21,065
Interest income                                                9,489            19,718             2,536             6,119
Other                                                         11,903             1,193            11,610                11
                                                    ----------------- ----------------- ----------------- -----------------
                                                           1,168,322         1,039,018           422,367           422,525
Expenses:
Cost reimbursements to General Partner                       232,221           445,163            96,555           193,879
Depreciation and amortization                                339,619           360,895            96,595           111,517
Other                                                         72,920            82,065            17,924            20,797
Interest                                                      10,431            31,749                 -             7,898
Professional fees                                             30,676            26,197             1,036               122
                                                    ----------------- ----------------- ----------------- -----------------
                                                             685,867           946,069           212,110           334,213
                                                    ----------------- ----------------- ----------------- -----------------
Net income                                                 $ 482,455          $ 92,949         $ 210,257          $ 88,312
                                                    ================= ================= ================= =================
Net income:
     General Partner                                         $ 4,825             $ 929           $ 2,103             $ 883
     Limited Partners                                        477,630            92,020           208,154            87,429
                                                    ----------------- ----------------- ----------------- -----------------
                                                           $ 482,455          $ 92,949         $ 210,257          $ 88,312
                                                    ================= ================= ================= =================
Net income per Limited Partnership unit                        $0.06             $0.01             $0.03             $0.01
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

                             NINE MONTH PERIOD ENDED
                               SEPTEMBER 30, 2002
                                   (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                            (935,936)                -          (935,936)
Net income                                                    477,630             4,825           482,455
                                   ----------------- ----------------- ----------------- -----------------
Balance September 30, 2002                7,487,350       $ 2,873,251         $ 233,846        $3,107,097
                                   ================= ================= ================= =================
</TABLE>

                             See accompanying notes.


                                       4
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                            STATEMENTS OF CASH FLOWS

                       NINE AND THREE MONTH PERIODS ENDED
                           SEPTEMBER 30, 2002 AND 2001
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                    Nine Months Ended                   Three Months Ended
                                                                      September 30,                       September 30,
                                                                      -------------                       -------------
                                                                  2002              2001              2002              2001
                                                                  ----              ----              ----              ----
Operating activities:
<S>                                                                <C>                <C>              <C>                <C>
Net income                                                         $ 482,455          $ 92,949         $ 210,257          $ 88,312
Adjustments to reconcile net income to
   net cash provided by operations:
     Depreciation and amortization                                   339,619           360,895            96,595           111,517
     Gain on sales of assets                                        (138,108)          (19,149)         (127,977)          (21,065)
Changes in operating assets and liabilities:
   Accounts receivable                                                90,666         2,033,678            28,671            48,055
   Bank overdrafts                                                         -          (230,243)                -                 -
   Accounts payable, General Partner                                 (48,454)          (32,722)                -                 -
   Accounts payable, other                                           (10,583)          (51,970)           (6,151)          (79,396)
   Accrued interest                                                   (2,123)           (2,949)           (1,460)             (397)
   Unearned operating lease income                                    36,919           (10,298)           80,138           (37,915)
                                                            ----------------- ----------------- ----------------- -----------------
Net cash from operations                                             750,391         2,140,191           280,073           109,111
                                                            ----------------- ----------------- ----------------- -----------------

Investing activities:
Proceeds from sales of lease assets                                1,102,822           166,285           701,782           (14,505)
Reduction of net investment in direct financing
   leases                                                             46,562           331,859            18,989            90,637
                                                            ----------------- ----------------- ----------------- -----------------
Net cash provided by investing activities                          1,149,384           498,144           720,771            76,132
                                                            ----------------- ----------------- ----------------- -----------------

Financing activities:
Distributions to limited partners                                   (935,936)       (1,331,182)                -                 -
Repayment of non-recourse debt                                      (294,396)         (461,975)         (202,463)          (54,826)
                                                            ----------------- ----------------- ----------------- -----------------
Net cash used in financing activities                             (1,230,332)       (1,793,157)         (202,463)          (54,826)
                                                            ----------------- ----------------- ----------------- -----------------
Net increase in cash and cash
   equivalents                                                       669,443           845,178           798,381           130,417
Cash and cash equivalents at beginning of
   period                                                          1,269,512            55,445         1,140,574           770,206
                                                            ----------------- ----------------- ----------------- -----------------
Cash and cash equivalents at end of period                        $1,938,955         $ 900,623        $1,938,955         $ 900,623
                                                            ================= ================= ================= =================


Supplemental disclosures of cash flow
   information:
Cash paid for interest                                              $ 12,554          $ 34,698           $ 1,460           $ 8,295
                                                            ================= ================= ================= =================
</TABLE>

                             See accompanying notes.


                                       5
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                           SEPTEMBER 30, 2002 AND 2001
                                   (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,
                                                                  2001           of Leases        Dispositions          2002
                                                                  ----           ---------      - -------------         ----
<S>                                                               <C>               <C>               <C>                <C>
Net investment in operating leases                                $1,835,915        $ (331,739)       $ (930,938)        $ 573,238
Net investment in direct financing leases                          1,325,813           (46,562)          (33,776)        1,245,475
Initial direct costs, net of accumulated
   amortization of $104,778 in 2002 and $111,629
   in 2001                                                            18,387            (7,880)                -            10,507
Reserve for losses                                                  (584,871)                -                 -          (584,871)
                                                            ----------------- ----------------- ----------------- -----------------
                                                                  $2,595,244        $ (386,181)       $ (964,714)       $1,244,349
                                                            ================= ================= ================= =================
</TABLE>

At September 30, 2002, equipment on operating leases consists of the following:

<TABLE>
<CAPTION>
                               Balance                                                                  Balance
                             December 31,        Acquisitions, Dispositions & Reclassifications      September 30,
                                                 ----------------------------------------------
                                 2001           1st Quarter       2nd Quarter     3rd Quarter             2002
                                 ----           -----------       -----------     -----------             ----
<S>                              <C>                <C>               <C>               <C>               <C>
Transportation                   $ 2,810,685        $ (615,914)       $ (109,859)       $ (141,657)       $1,943,255
Manufacturing                        457,670                 -                 -                 -           457,670
Materials handling                   318,012                 -                 -                 -           318,012
Construction equipment             1,756,195                 -                 -        (1,519,738)          236,457
                          ------------------- ----------------- ----------------- ----------------- -----------------
                                   5,342,562          (615,914)         (109,859)       (1,661,395)        2,955,394
Accumulated depreciation          (3,506,647)          132,240           (35,146)        1,027,397        (2,382,156)
                          ------------------- ----------------- ----------------- ----------------- -----------------
                                 $ 1,835,915        $ (483,674)       $ (145,005)       $ (633,998)        $ 573,238
                          =================== ================= ================= ================= =================
</TABLE>

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


                                       6
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                           SEPTEMBER 30, 2002 AND 2001
                                   (Unaudited)


2. Investment in lease assets (continued):

At September 30, 2002,  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, 2002          $ 88,648         $ 226,500         $ 315,148
        Year ending December 31, 2003           418,017           906,000         1,324,017
                                 2004                 -           595,199           595,199
                                       ----------------- ----------------- -----------------
                                              $ 506,665        $1,727,699        $2,234,364
                                       ================= ================= =================
</TABLE>


4.  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:

                                                  2002              2001
                                                  ----              ----
Cost reimbursements to General Partner             $ 232,221         $ 445,163
                                            ================= =================


5. 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
<PAGE>

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

Capital Resources and Liquidity

Our primary  sources of liquidity  during the first nine months of 2002 and 2001
were  operating  and direct  finance  lease  rents.  Liquidity  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.

We currently have available adequate reserves to meet contingencies,  but in the
event  those  reserves  were  found to be  inadequate,  we would  likely be in a
position to borrow against our current portfolio to meet such  requirements.  We
envision no such requirements for operating purposes.

As of September  30, 2002,  we had borrowed  approximately  $38,342,000,  all of
which has been repaid.  Borrowings  are to be  non-recourse  to us, that is, the
only  recourse of the lender will be to the  equipment  or  corresponding  lease
acquired or secured with the loan proceeds.  We do not expect that there will be
additional borrowings in the future.

As of September 30, 2002, we have made no commitments of capital.

If inflation in the general  economy  becomes  significant,  it may affect us in
that the residual  (resale)  values and rates on re-leases of our leased  assets
may increase as the costs of similar assets increase. However, our 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 we 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.

2002 vs. 2001:

Nine months:

During the first nine months of 2002 and 2001,  our primary  source of operating
cash flows was operating and direct  financing lease  revenues.  Our total lease
revenues increased by $9,864 in 2002 compared to 2001.

In 2001,  direct  financing  lease  payments were our most  important  source of
financing  cash  flows.  In 2002,  the most  significant  source cash flows from
investing  activities  was the proceeds  from the sales of assets.  Our proceeds
from asset sales are not comparable to prior periods nor are they expected to be
comparable to future periods. Direct financing lease rents decreased by $285,297
compared to 2001.

We had no sources of cash from financing activities in 2002 or in 2001. The cash
we  used  to  repay  non-recourse  debt  has  decreased  due to  scheduled  debt
reductions.  We  changed  the  frequency  of our  distributions  to the  Limited
Partners  effective  January 1, 2001.  Previously,  most of the Limited Partners
received  distributions  on a monthly  basis.  The rest of the Limited  Partners
received  distributions on a quarterly basis. We are now making distributions on
an annual  basis based on the amount of cash which  becomes  available  for that
purpose.  As a result,  the amounts of cash  distributed to the Limited Partners
has decreased in 2002 compared to the amount in 2001.


Three months:

Our  primary  source of cash from  operations  for the third  quarter  was lease
rents. These lease rents have decreased from the prior year as a result of asset
sales during the preceding twelve months.

In 2002, our largest source of cash from investing  activities was proceeds from
the sales of lease  assets.  Our  primary  source of cash flows  from  financing
activities in 2001 was rents from direct financing leases.

We had no  sources  of cash  from  financing  activities  in  2002  or in  2001.
Repayments  of debt  decreased  for the same reasons as noted above for the nine
month  period.  We made no  distributions  to the limited  partners in the third
quarters of 2002 or 2001.

Results of Operations

Our  operations  in 2002  resulted in net income of $482,4552 for the nine month
period and $210,257 for the three month period. In 2001, our operations resulted
in net income of $92,949  for the nine month  period and  $88,312  for the three
month period.



                                       8
<PAGE>

2002 vs. 2001:

Our operating  lease revenues have decreased due to sales and  reclassifications
of leased assets during the last twelve months.  Direct financing lease revenues
increased  as a larger  portion of the lease rents were  included in income , as
opposed to being  accounted  for as a recovery of the net  investment  in direct
finance leases.

Depreciation  expense is  directly  related to the  amounts of  operating  lease
assets  and has  decreased  from 2001 to 2002 as a result of sales of  operating
lease assets over the last year.

Internal Controls

As of September 30, 2002, 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, 2002.  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, 2002.

                            PART II OTHER INFORMATION

Item 1.    LEGAL PROCEEDINGS.

No material legal  proceedings are currently  pending against the Partnership or
against any of its assets.

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

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

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

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

In January 2002,  ATEL attended an appellate  settlement  conference  seeking to
resolve  the  outstanding  disputed  claim.  A reserve has been set aside by the
Debtor's   liquidating  trustee  in  the  amount  of  $1.2  million  in  partial
satisfaction of the Partnership's  claim,  although this claim amount remains in
dispute.  Currently,  the likelihood of recovery of amounts above the payment of
the lease rent and the  liquidation of the equipment  already  received  remains
speculative and highly uncertain.


Item 2.    CHANGES IN SECURITIES.

           Inapplicable.

Item 3.    DEFAULTS UPON SENIOR SECURITIES.

           Inapplicable.

Item 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY
           HOLDERS.

           Inapplicable.



                                       9
<PAGE>

Item 5.    OTHER INFORMATION.

           Inapplicable.

Item 6.    EXHIBITS AND REPORTS ON FORM 8-K.

(a)
   1.      Financial Statements
           Included in Part I of this report:

           Balance Sheets, September 30, 2002 and December 31, 2001.

           Income statements for the nine and three month periods ended
               September 30, 2002 and 2001.

           Statement of changes in partners' equity for the nine month period
               ended September 30, 2002.

           Statements of cash flows for the nine and three month periods ended
               September 30, 2002 and 2001.

           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


                                       10
<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 7, 2002

                      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
                                      Executive Vice President of
                                      Managing Member and
                                      Principal financial officer of
                                      registrant




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




                                       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 quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  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 quarterly 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  quarterly  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
     quarterly report (the "Evaluation Date"); and

     c)  presented  in  this  quarterly   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
quarterly 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 7, 2002

  /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 quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  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 quarterly 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  quarterly  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
     quarterly report (the "Evaluation Date"); and

     c)  presented  in  this  quarterly   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
quarterly 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 7, 2002

  /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 10QSB of ATEL Cash  Distribution
Fund IV, LP,  (the  "Partnership")  for the period  ended June 30, 2002 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 7, 2002



  /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 10QSB of ATEL Cash  Distribution
Fund IV, LP,  (the  "Partnership")  for the period  ended June 30, 2002 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, Paritosh K. Choksi,  Chief Financial  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 7, 2002



  /s/ PARITOSH K. CHOKSI
-------------------------------
Paritosh K. Choksi
Executive Vice President of General
Partner, Principal financial officer of registrant

                                       14
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