TEXTAINER FINANCIAL SERVICES CORPORATION
                        650 California Street, 16th Floor
                             San Francisco, CA 94108



November 19, 2002

Securities and Exchange Commission
Washington, DC  20549

Ladies and Gentlemen:

Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  we are
submitting  herewith for filing on behalf of Textainer Equipment Income Fund IV,
L.P. (the "Partnership") the Partnership's Quarterly Report on Form 10-Q for the
Third Quarter ended September 30, 2002.

This filing is being effected by direct  transmission to the Commission's  EDGAR
System.

Sincerely,

Nadine Forsman
Controller
<PAGE>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                               Washington DC 20549



                                    FORM 10-Q



                 QUARTERLY REPORT UNDER SECTION 13 OR 15 (D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                For the quarterly period ended September 30, 2002


                         Commission file number 0-21228


                    TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
                        A California Limited Partnership
             (Exact name of Registrant as specified in its charter)


                 California                                     94-3147432
        (State or other jurisdiction                          (IRS Employer
     of incorporation or organization)                      Identification No.)

    650 California Street, 16th Floor
            San Francisco, CA                                     94108
(Address of Principal Executive Offices)                        (ZIP Code)

                                 (415) 434-0551
              (Registrant's telephone number, including area code)


Indicate by 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 [ ]

<PAGE>
<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Quarterly Report on Form 10-Q for the
Quarter Ended September 30, 2002

Table of Contents
-----------------------------------------------------------------------------------------------------------------



                                                                                                             Page
<S>                                                                                                           <C>

Item 1.   Financial Statements (unaudited)

          Balance Sheets - September 30, 2002
          and December 31, 2001................................................................                 3


          Statements of Operations for the three and nine months
          ended September 30, 2002 and 2001....................................................                 4


          Statements of Partners' Capital for the nine months
          ended September 30, 2002 and 2001....................................................                 5


          Statements of Cash Flows for the nine months
          ended September 30, 2002 and 2001....................................................                 6


          Notes to Financial Statements........................................................                 8


Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations............................................................                15


Item 3.   Quantitative and Qualitative Disclosures about Market Risk...........................                24


Item 4.   Controls and Procedures..............................................................                24

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Balance Sheets

September 30, 2002 and December 31, 2001
(Amounts in thousands)
(unaudited)
------------------------------------------------------------------------------------------------------------------

                                                                                2002                    2001
                                                                          ----------------        ----------------
<S>                                                                     <C>                     <C>
Assets
Container rental equipment, net of accumulated
   depreciation of $51,125, (2001:  $53,901) (note 4)                     $        44,299         $        53,612
Cash                                                                                1,187                   1,841
Accounts receivable, net of allowance for doubtful
   accounts of $217, (2001:  $218)                                                  3,003                   3,021
Due from affiliates, net (note 2)                                                     414                     406
Prepaid expenses                                                                        -                      18
                                                                          ----------------        ----------------

                                                                          $        48,903         $        58,898
                                                                          ================        ================

Liabilities and Partners' Capital
Liabilities:
   Accounts payable                                                       $           513         $           690
   Accrued liabilities                                                                389                     264
   Accrued damage protection plan costs                                               228                     199
   Warranty claims                                                                    247                     293
   Accrued recovery costs                                                             192                     226
   Deferred quarterly distributions                                                    82                      81
                                                                          ----------------        ----------------

      Total liabilities                                                             1,651                   1,753
                                                                          ----------------        ----------------

Partners' capital:
   General partners                                                                     -                       -
   Limited partners                                                                47,252                  57,145
                                                                          ----------------        ----------------

      Total partners' capital                                                      47,252                  57,145
                                                                          ----------------        ----------------


                                                                          $        48,903         $        58,898
                                                                          ================        ================

See accompanying notes to financial statements
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Statements of Operations

For the three and nine months ended September 30, 2002 and 2001
(Amounts in thousands except for unit and per unit amounts)
(unaudited)
------------------------------------------------------------------------------------------------------------------------------------


                                                              Three months       Three months        Nine months      Nine months
                                                                  Ended             Ended               Ended            Ended
                                                             Sept. 30, 2002     Sept. 30, 2001     Sept. 30, 2002    Sept. 30, 2001
                                                            ----------------   ----------------   ----------------  ----------------
<S>                                                        <C>                 <C>               <C>               <C>
Rental income                                               $         3,088    $         3,362    $         8,362   $        10,705
                                                            ----------------   ----------------   ----------------  ----------------

Costs and expenses:
   Direct container expenses                                            997              1,382              3,198             4,458
   Bad debt expense (benefit)                                            23                 24                 17               (23)
   Depreciation (note 4)                                              1,975              1,666              5,020             5,047
   Write-down of containers (note 4)                                    345                 95              1,646               181
   Professional fees                                                     13                  6                 41                24
   Management fees to affiliates (note 2)                               235                306                748             1,016
   General and administrative costs to affiliates (note 2)              149                171                489               566
   Other general and administrative costs                                75                 38                228               121
   Loss (gain) on sale of containers, net (note 4)                      266                (37)             1,065               (15)
                                                            ----------------   ----------------    ---------------  ----------------

                                                                      4,078              3,651             12,452            11,375
                                                            ----------------   ----------------    ---------------  ----------------

   Loss from operations                                                (990)              (289)            (4,090)             (670)
                                                            ----------------   ----------------    ---------------  ----------------

Interest income                                                           6                 17                 26                81
                                                            ----------------   ----------------    ---------------  ----------------

   Net loss                                                 $          (984)   $          (272)    $       (4,064)  $          (589)
                                                            ================   ================    ===============  ================

Allocation of net (loss) earnings (note 2):
   General partners                                         $            18    $            20     $           53   $            70
   Limited partners                                                  (1,002)              (292)            (4,117)             (659)
                                                            ----------------   ----------------    ---------------  ----------------
                                                            $          (984)   $          (272)    $       (4,064)  $          (589)
                                                            ================   ================    ===============  ================
Limited partners' per unit share
   of net loss                                              $         (0.15)   $         (0.04)    $        (0.62)  $         (0.10)
                                                            ================   ================    ===============  ================

Limited partners' per unit share
   of distributions                                         $          0.25    $          0.28     $         0.75   $          0.98
                                                            ================   ================    ===============  ================

Weighted average number of limited
   partnership units outstanding                                  6,568,245          6,716,066          6,661,859         6,720,333
                                                            ================   ================    ===============  ================
See accompanying notes to financial statements

</TABLE>


<PAGE>
<TABLE>
<CAPTION>


TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Statements of Partners' Capital

For the nine months ended September 30, 2002 and 2001
(Amounts in thousands)
(unaudited)
----------------------------------------------------------------------------------------------------------------------------


                                                                                      Partners' Capital
                                                                    --------------------------------------------------------

                                                                        General             Limited               Total
                                                                    --------------      ---------------     ----------------
<S>                                                                <C>                 <C>                 <C>
Balances at January 1, 2001                                         $           -       $       67,788      $        67,788

Distributions                                                                 (70)              (6,612)              (6,682)

Redemptions (note 5)                                                            -                 (218)                (218)

Net earnings (loss)                                                            70                 (659)                (589)
                                                                    --------------      ---------------     ----------------

Balances at September 30, 2001                                      $           -       $       60,299      $        60,299
                                                                    ==============      ===============     ================

Balances at January 1, 2002                                         $           -       $       57,145      $        57,145

Distributions                                                                 (53)              (5,009)              (5,062)

Redemptions (note 5)                                                            -                 (767)                (767)

Net earnings (loss)                                                            53               (4,117)              (4,064)
                                                                    --------------      ---------------     ----------------

Balances at September 30, 2002                                      $           -       $       47,252      $        47,252
                                                                    ==============      ===============     ================


See accompanying notes to financial statements


</TABLE>

<PAGE>
<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Statements of Cash Flows

For the nine months ended September 30, 2002 and 2001
(Amounts in thousands)
(unaudited)
------------------------------------------------------------------------------------------------------------------------

                                                                                          2002                2001
                                                                                    ----------------    ----------------
<S>                                                                                 <C>                 <C>
Cash flows from operating activities:
   Net loss                                                                         $        (4,064)    $          (589)
   Adjustments to reconcile net loss to
      net cash provided by operating activities:
        Depreciation                                                                          5,020               5,047
        Write-down of containers (note 4)                                                     1,646                 181
        Decrease in allowance for doubtful accounts                                              (1)                (81)
        Loss (gain) on sale of containers, net                                                1,065                 (15)
        Decrease (increase) in assets:
            Accounts receivable                                                                 163               1,127
            Due from affiliates, net                                                           (195)                247
            Prepaid expenses                                                                     18                  17
        (Decrease) increase in liabilities:
            Accounts payable and accrued liabilities                                            (52)                  6
            Accrued recovery costs                                                              (34)                 32
            Accrued damage protection plan costs                                                 29                (105)
            Warranty claims                                                                     (46)                (46)
                                                                                    ----------------    ----------------


               Net cash provided by operating activities                                      3,549               5,821
                                                                                    ----------------    ----------------

Cash flows from investing activities:
   Proceeds from sale of containers                                                           3,224               1,103
   Container purchases                                                                       (1,598)             (1,129)
                                                                                    ----------------    ----------------

              Net cash provided by (used in) investing activities                             1,626                 (26)
                                                                                    ----------------    ----------------

Cash flows from financing activities:
    Redemptions of limited partnership units                                                   (767)               (218)
    Distributions to partners                                                                (5,062)             (6,723)
                                                                                    ----------------    ----------------

               Net cash used in financing activities                                         (5,829)             (6,941)
                                                                                    ----------------    ----------------

Net decrease  in cash                                                                          (654)             (1,146)

Cash at beginning of period                                                                   1,841               3,183
                                                                                    ----------------    ----------------

Cash at end of period                                                               $         1,187     $         2,037
                                                                                    ================    ================

</TABLE>


See accompanying notes to financial statements



<PAGE>

<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Statements Of Cash Flows--Continued

For the nine months ended September 30, 2002 and 2001
(Amounts in thousands)
(unaudited)
--------------------------------------------------------------------------------

Supplemental Disclosures:

Supplemental schedule of non-cash investing and financing activities:

The following table summarizes the amounts of container purchases, distributions
to partners,  and proceeds  from sale of  containers  which had not been paid or
received as of  September  30, 2002 and 2001,  and  December  31, 2001 and 2000,
resulting in  differences  in amounts  recorded and amounts of cash disbursed or
received by the  Partnership,  as shown in the  Statements of Cash Flows for the
nine-month periods ended September 30, 2002 and 2001.

                                                              Sept. 30        Dec. 31         Sept. 30        Dec. 31
                                                                2002           2001             2001            2000
                                                             -----------    -----------     ------------    -----------
<S>                                                             <C>           <C>             <C>             <C>
Container purchases included in:
     Due to affiliates..............................             $  -           $ 27             $  -         $    -
     Container purchases payable....................                -              -                -          1,098

Distributions to partners included in:
     Due to affiliates..............................                6              7                6              8
     Deferred quarterly distributions...............               82             81               82            121

Proceeds from sale of containers included in:
     Due from affiliates............................              552            767              235            253

The following table summarizes the amounts of container purchases, distributions
to partners and proceeds from sale of containers recorded by the Partnership and
the amounts  paid or received as shown in the  Statements  of Cash Flows for the
nine-month periods ended September 30, 2002 and 2001.

                                                                                                 2002           2001
                                                                                                 ----           ----

Container purchases recorded......................................                             $1,571         $   31
Container purchases paid..........................................                              1,598          1,129

Distributions to partners declared................................                              5,062          6,682
Distributions to partners paid....................................                              5,062          6,723

Proceeds from sale of containers recorded.........................                              3,009          1,085
Proceeds from sale of containers received.........................                              3,224          1,103

The  Partnership  has  entered  into direct  finance  leases,  resulting  in the
transfer of containers from container rental  equipment to accounts  receivable.
The carrying value of containers transferred during the nine-month periods ended
September 30, 2002 and 2001 was $144 and $73, respectively.

See accompanying notes to financial statements
</TABLE>

<PAGE>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Notes To Financial Statements

For the three and nine months ended September 30, 2002 and 2001
(Amounts in thousands except for unit and per unit amounts)
(unaudited)
--------------------------------------------------------------------------------

Note 1.   General

     Textainer  Equipment Income Fund IV, L.P. (the  Partnership),  a California
     limited  partnership  with a maximum life of 20 years,  was formed in 1991.
     The Partnership owns a fleet of intermodal marine cargo  containers,  which
     are leased to international shipping lines.

     The accompanying  interim  comparative  financial  statements have not been
     audited by an  independent  public  accountant.  However,  all  adjustments
     (which  were only  normal and  recurring  adjustments)  which  are,  in the
     opinion of management,  necessary to fairly present the financial  position
     of the  Partnership  as of September 30, 2002 and December 31, 2001 and the
     results  of its  operations  for the three  and  nine-month  periods  ended
     September 30, 2002 and 2001 and changes in partners' capital and cash flows
     for the  nine-month  periods ended  September 30, 2002 and 2001,  have been
     made.

     The financial  information  presented  herein should be read in conjunction
     with the audited financial statements and other accompanying notes included
     in the Partnership's  annual audited financial statements as of and for the
     year ended December 31, 2001, in the Annual Report filed on Form 10-K.

     Certain estimates and assumptions were made by the Partnership's management
     that affect the reported  amounts of assets and liabilities and disclosures
     of  contingent  assets  and  liabilities  at  the  date  of  the  financial
     statements  and the  reported  amounts of revenue and  expenses  during the
     reporting period. The Partnership's  management  evaluates its estimates on
     an  on-going  basis,  including  those  related  to  the  container  rental
     equipment, accounts receivable and accruals.

     These  estimates  are based on historical  experience  and on various other
     assumptions that are believed to be reasonable under the circumstances, the
     results of which form the basis for making judgments regarding the carrying
     values of assets and  liabilities.  Actual  results could differ from those
     estimates under different assumptions or conditions.

     The Partnership's  management  believes the following  critical  accounting
     policies  affect its more  significant  judgments and estimates used in the
     preparation of its financial statements.

     The Partnership  maintains  allowances for doubtful  accounts for estimated
     losses  resulting  from  the  inability  of its  lessees  to make  required
     payments.  These allowances are based on management's current assessment of
     the financial  condition of the Partnership's  lessees and their ability to
     make  their  required   payments.   If  the  financial   condition  of  the
     Partnership's  lessees were to  deteriorate,  resulting in an impairment of
     their ability to make payments, additional allowances may be required.


     The Partnership depreciates its container rental equipment based on certain
     estimates related to the container's  useful life and salvage value.  These
     estimates  are based  upon  assumptions  about  future  demand  for  leased
     containers  and the  estimated  sales  price at the end of the  container's
     useful life. The  Partnership  will evaluate the estimated  residual values
     and remaining  estimated  useful lives on an on-going basis and will revise
     its estimates as needed. As a result, depreciation expense may fluctuate in
     future periods based on fluctuations in these estimates.


     Additionally,  the  recoverability of the recorded amounts of containers to
     be held for continued use and identified for sale in the ordinary course of
     business are evaluated to ensure that containers held for continued use are
     not  impaired  and that  containers  identified  for sale are  recorded  at
     amounts  that do not exceed  the  estimated  fair value of the  containers.
     Containers  to be held for continued  use are  considered  impaired and are
     written down to estimated fair value when the estimated future undiscounted
     cash flows are less than the recorded  values.  Containers  identified  for
     sale are  written  down to  estimated  fair value when the  recorded  value
     exceeds the estimated  fair value.  In  determining  the  estimated  future
     undiscounted cash flows and fair value of containers,  assumptions are made
     regarding future demand and market conditions for leased containers and the
     sales prices for used  containers.  If actual  market  conditions  are less
     favorable  than those  projected  or if actual  sales prices are lower than
     those estimated by the Partnership,  additional write-downs may be required
     and/or losses may be realized.

     In August 2001, the Financial  Accounting  Standards  Board ("FASB") issued
     Statement of Financial  Accounting  Standards ("SFAS") No. 144, "Accounting
     for  Impairment or Disposal of Long-Lived  Assets." SFAS No. 144 supercedes
     SFAS No. 121,  "Accounting  for the  Impairment of Long-Lived  Assets to be
     Disposed  of," and  elements of  Accounting  Principles  Board  Opinion 30,
     "Reporting the Results of Operations - Reporting the Effects on Disposal of
     a  Segment  of  a  Business  and  Extraordinary,  Unusual  or  Infrequently
     Occurring Events and Transactions."

     SFAS No. 144 establishes a single-accounting model for long-lived assets to
     be  disposed  of  while  maintaining  many of the  provisions  relating  to
     impairment testing and valuation.  The Partnership  adopted SFAS No. 144 on
     January  1,  2002 and  there was no  material  impact on the  Partnership's
     financial condition, operating results or cash flow.

     In April 2002, the FASB issued SFAS No. 145,  "Rescission of FASB Statement
     No.  4, 44 and 64,  Amendment  of FASB  Statement  No.  13,  and  Technical
     Corrections."  SFAS No. 145 rescinds FASB Statement No. 4, "Reporting Gains
     and Losses of Debt  Extinguishments"  and an amendment  of that  Statement,
     FASB  Statement No. 64. SFAS No. 145 also  rescinds FASB  Statement No. 44,
     "Accounting for Intangible  Assets of Motor Carriers." FASB 145 also amends
     FASB  Statement  No.  13,   "Accounting   for  Leases",   to  eliminate  an
     inconsistency   between  the   required   accounting   for   sale-leaseback
     transactions  and the required  accounting for certain lease  modifications
     that have economic effects similar to  sale-leaseback  transactions.  These
     rescissions  and amendment are not anticipated to have a material impact on
     the financial statements of the Partnership.

     In June 2002, the FASB issued SFAS No. 146 "Accounting for Costs Associated
     With  Exit or  Disposal  Activities".  SFAS  No.  146  addresses  financial
     accounting  and  reporting  for  costs  associated  with  exit or  disposal
     activities and nullifies  Emerging  Issues Task Force (EITF) Issue No. 94-3
     "Liability  Recognition for Certain Employee Termination Benefits and Other
     Costs  to  Exit  an  Activity   (including  Certain  Costs  Incurred  in  a
     Restructuring)."  This  Statement  requires  that  a  liability  for a cost
     associated  with  an exit or  disposal  activity  be  recognized  when  the
     liability is incurred.  The  provisions of this Statement are effective for
     exit or disposal  activities  that are initiated  after  December 31, 2002,
     with early  application  encouraged.  The Partnership  anticipates that the
     adoption of SFAS No. 146 will not have a material  impact on its  financial
     statements.

Note 2.   Transactions with Affiliates

     Textainer  Financial  Services  Corporation  (TFS) is the managing  general
     partner of the Partnership.  TFS is a wholly-owned  subsidiary of Textainer
     Capital Corporation (TCC). Textainer Equipment Management Limited (TEM) and
     Textainer  Limited (TL) are associate  general partners of the Partnership.
     The  managing  general  partner  and the  associate  general  partners  are
     collectively  referred to as the General Partners and are commonly owned by
     Textainer Group Holdings  Limited (TGH).  The General  Partners also act in
     this capacity for other limited  partnerships.  The General Partners manage
     and control the affairs of the Partnership.

     In accordance with the Partnership  Agreement,  sections 3.08 through 3.12,
     net earnings or losses and distributions are generally  allocated 1% to the
     General  Partners and 99% to the Limited  Partners.  If the  allocation  of
     distributions  exceeds the allocation of net earnings and creates a deficit
     in a General Partner's capital account, the Partnership  Agreement provides
     for a special allocation of gross income equal to the amount of the deficit
     to be made to the General Partners.

     As part of the operation of the  Partnership,  the Partnership is to pay to
     the General  Partners an acquisition  fee, an equipment  management fee, an
     incentive management fee, and an equipment  liquidation fee. These fees are
     for various  services  provided in connection with the  administration  and
     management of the  Partnership.  The Partnership  capitalized $75 and $1 of
     container  acquisition  fees as a component of  container  costs during the
     nine-month  periods ended  September 30, 2002 and 2001,  respectively.  The
     Partnership  incurred $20 and $162 of incentive  management fees during the
     three and nine-month  periods ended September 30, 2002,  respectively,  and
     $71 and $269, respectively,  for the comparable periods in 2001. There were
     no equipment liquidation fees incurred during these periods.

     The  Partnership's  container  fleet  is  managed  by TEM.  In its  role as
     manager,  TEM has  authority  to acquire,  hold,  manage,  lease,  sell and
     dispose of the  Partnership's  containers.  TEM holds,  for the  payment of
     direct operating  expenses,  a reserve of cash that has been collected from
     leasing  operations;  such cash is included in due from affiliates,  net at
     September 30, 2002 and December 31, 2001.

     Subject to certain reductions,  TEM receives a monthly equipment management
     fee equal to 7% of gross revenues  attributable to operating  leases and 2%
     of gross  revenues  attributable  to full  payout  net  leases.  These fees
     totaled $215 and $586 for the three and nine-month  periods ended September
     30, 2002, respectively, and $235 and $747, respectively, for the comparable
     periods in 2001.

     Certain  indirect  general  and  administrative  costs  such  as  salaries,
     employee   benefits,   taxes  and  insurance  are  incurred  in  performing
     administrative  services  necessary to the  operation  of the  Partnership.
     These  costs  are   incurred   and  paid  by  TFS  and  TEM.   General  and
     administrative  costs  allocated  to the  Partnership  during the three and
     nine-month periods ended September 30, 2002 and 2001 were as follows:
<PAGE>

                                             Three months         Nine months
                                            ended Sept. 30,     ended Sept. 30,
                                            ---------------     ---------------
                                            2002       2001     2002       2001
                                            ----       ----     ----       ----

               Salaries                     $100       $110     $318       $336
               Other                          49         61      171        230
                                             ---        ---      ---        ---
                 Total general and
                    administrative costs    $149       $171     $489       $566
                                             ===        ===      ===        ===

     TEM allocates these general and administrative  costs based on the ratio of
     the Partnership's interest in the managed containers to the total container
     fleet managed by TEM during the period.  TFS allocates these costs based on
     the ratio of the  Partnership's  containers to the total container fleet of
     all limited partnerships managed by TFS. The General Partners allocated the
     following general and  administrative  costs to the Partnership  during the
     three and nine-month periods ended September 30, 2002 and 2001:

                                              Three months        Nine months
                                            ended Sept. 30,     ended Sept. 30,
                                            ---------------     ---------------
                                            2002       2001     2002       2001
                                            ----       ----     ----       ----

               TEM                          $131       $148     $420       $491
               TFS                            18         23       69         75
                                             ---        ---      ---        ---
                 Total general and
                    administrative costs    $149       $171     $489       $566
                                             ===        ===      ===        ===

     The  General  Partners  may acquire  containers  in their own name and hold
     title on a temporary basis for the purpose of facilitating  the acquisition
     of such containers for the  Partnership.  The containers may then be resold
     to the  Partnership  on an  all-cash  basis at a price  equal to the actual
     cost, as defined in the Partnership Agreement. One or more General Partners
     may also arrange for the purchase of containers in its or their names,  and
     the  Partnership may then take title to the containers by paying the seller
     directly. In addition,  the General Partners are entitled to an acquisition
     fee  for  containers  acquired  by  the  Partnership  under  any  of  these
     arrangements.

     At September 30, 2002 and December 31, 2001, due from  affiliates,  net was
     comprised of:

                                                           2002            2001
                                                           ----            ----
             Due from affiliates:
                      Due from TEM....................     $424            $458
                      Due from TFS....................       12               -
                                                            ---             ---
                                                            436             458
                                                            ---             ---

             Due to affiliates:
                      Due to TFS......................        -              28
                      Due to TCC......................       21              23
                      Due to TL.......................        1               1
                                                            ---             ---
                                                             22              52
                                                            ---             ---

                 Due from affiliates, net                  $414            $406
                                                            ===             ===

     These amounts  receivable  from and payable to affiliates  were incurred in
     the ordinary course of business  between the Partnership and its affiliates
     and represent timing differences in the accrual and remittance of expenses,
     fees and distributions described above and in the accrual and remittance of
     net rental revenues and container sales proceeds from TEM.


Note 3.  Lease Rental Income

     Leasing income arises principally from the renting of containers to various
     international  shipping lines. Revenue is recorded when earned according to
     the terms of the container rental contracts.  These contracts are typically
     for  terms of five  years or less.  The  following  is the lease mix of the
     on-lease containers (in units) at September 30, 2002 and 2001:
<PAGE>

                                                    2002                   2001
                                                    ----                   ----

    On-lease under master leases                  15,844                 13,608
    On-lease under long-term leases                6,773                  5,012
                                                  ------                  -----

        Total on-lease containers                 22,617                 18,620
                                                  ======                 ======

     Under  master  lease  agreements,  the lessee is not  committed  to lease a
     minimum number of containers from the Partnership during the lease term and
     may generally  return any portion or all the containers to the  Partnership
     at any time, subject to certain restrictions in the lease agreement.  Under
     long-term  lease  agreements,   containers  are  usually  leased  from  the
     Partnership  for periods of between  three to five  years.  Such leases are
     generally cancelable with a penalty at the end of each twelve-month period.
     Under direct  finance  leases,  the  containers are usually leased from the
     Partnership  for  the  remainder  of the  container's  useful  life  with a
     purchase option at the end of the lease term.

     The remaining containers are off-lease and are located primarily at a large
     number of storage  depots.  At September 30, 2002,  the  Partnership's  off
     lease containers were in the following locations:

          Americas                               2,674
          Europe                                 1,408
          Asia                                   1,804
          Other                                    131
                                                 -----

              Total off-lease containers         6,018
                                                 =====

     At September  30, 2002  approximately  10% of the  Partnership's  off-lease
     containers had been specifically identified as for sale.

Note 4.  Container Rental Equipment

     Effective July 1, 2002, the Partnership  revised its estimate for container
     salvage  value from a percentage of equipment  cost to an estimated  dollar
     residual  value.  The effect of this  change  for the three and  nine-month
     periods ended September 30, 2002 was an increase to depreciation expense of
     $515.  The  Partnership  will  evaluate the estimated  residual  values and
     remaining  estimated  useful lives on an on-going basis and will revise its
     estimates as needed.  As a result,  depreciation  expense may  fluctuate in
     future periods based on fluctuations in these estimates.

     New container  prices  steadily  declined from 1995 through 1999.  Although
     container prices increased in 2000, these prices declined again in 2001 and
     have  remained low during  2002.  As a result,  the cost of new  containers
     purchased  in recent years is  significantly  less than the average cost of
     containers  purchased  in  prior  years.  The  Partnership   evaluated  the
     recoverability  of the  recorded  amount of container  rental  equipment at
     September 30, 2002 and 2001 for containers to be held for continued use and
     determined  that a reduction to the carrying value of these  containers was
     not required.  The  Partnership  also evaluated the  recoverability  of the
     recorded amount of containers identified for sale in the ordinary course of
     business and  determined  that a reduction  to the carrying  value of these
     containers  was  required.  The  Partnership  wrote down the value of these
     containers to their  estimated fair value,  which was based on recent sales
     prices less cost of sales.  During the nine-month  periods ended  September
     30, 2002 and 2001, the Partnership  recorded  write-down expenses of $1,646
     and $181, respectively, on 2,015 and 336 containers identified for sale and
     requiring a reserve.  During the  three-month  periods ended  September 30,
     2002 and 2001, the  Partnership  recorded  write-down  expenses of $345 and
     $95,  respectively,  on 396 and 169  containers  identified  for  sale  and
     requiring  a  reserve.  During  the  three  and  nine-month  periods  ended
     September 30, 2002, the Partnership  also  reclassified 226 containers from
     containers  identified for sale to containers held for continued use due to
     the  improvement  in demand for leased  containers  in Asia.  There were no
     reclassifications  during the three and nine-month  periods ended September
     30, 2001. At September 30, 2002 and 2001, the net book value of the 626 and
     199 containers identified for sale was $543 and $231, respectively.

     The Partnership sold 2,005 previously written down containers for a loss of
     $192 during the  nine-month  period ended  September  30, 2002 and sold 284
     previously written down containers for a loss of $25 during the same period
     in 2001.  During the  three-month  period ended  September  30,  2002,  the
     Partnership  sold 570 previously  written down containers for a loss of $24
     and sold 163  previously  written down  containers for a loss of $17 during
     the same period in 2001.  The  Partnership  incurred  losses on the sale of
     some containers previously written down as the actual sales prices received
     on these containers were lower than the estimates used for the write-downs.

     The  Partnership  also sold  containers  that had not been written down and
     recorded  a loss of $873 and a gain of $40 during  the  nine-month  periods
     ended  September 30, 2002 and 2001,  respectively.  During the  three-month
     periods ended September 30, 2002 and 2001 the  Partnership  recorded a loss
     of $242 and a gain of $54, respectively, on the sale of containers that had
     not been written down.

     As more  containers  are  subsequently  identified for sale or if container
     sales prices decline,  the Partnership may incur additional  write-downs on
     containers  and/or  may  incur  losses  on  the  sale  of  containers.  The
     Partnership  will continue to evaluate the  recoverability  of the recorded
     amounts of container  rental  equipment  and cautions  that a write-down of
     container  rental  equipment may be required in future  periods for some of
     its container rental equipment.
<TABLE>
<CAPTION>
Note 5.   Redemptions

     The following  redemptions were  consummated by the Partnership  during the
     nine-month periods ended September 30, 2002 and 2001:


                                                           Units                Average
                                                          Redeemed          Redemption Price            Amount Paid
                                                        -----------         ----------------            -----------
<S>                                                      <C>                    <C>                      <C>
     Total Partnership redemptions as of
        December 31, 2000........................         103,775                 $10.32                   $1,071

     Nine-month period ended
        September 30, 2001.......................          26,062                 $ 8.37                      218
                                                          -------                                           -----

     Total Partnership redemptions as of
        September 30, 2001.......................         129,837                 $ 9.93                   $1,289
                                                          =======                                           =====

     Total Partnership redemptions as of
        December 31, 2001........................         131,937                 $ 9.89                   $1,305

     Nine-month period ended
        September 30, 2002.......................         145,721                 $ 5.26                      767
                                                          -------                                           -----

     Total Partnership redemptions as of
        September 30, 2002.......................         277,658                 $ 7.46                   $2,072
                                                          =======                                           =====

      The redemption price is fixed by formula

</TABLE>


<PAGE>

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

(Amounts in thousands except for unit and per unit amounts)
--------------------------------------------------------------------------------

The Financial Statements contain information which will assist in evaluating the
financial  condition of the  Partnership  for the three and  nine-month  periods
ended September 30, 2002 and 2001. Please refer to the Financial  Statements and
Notes thereto in connection with the following discussion.

Textainer  Financial Services  Corporation (TFS) is the Managing General Partner
of the  Partnership  and  is a  wholly-owned  subsidiary  of  Textainer  Capital
Corporation (TCC).  Textainer  Equipment  Management Limited (TEM) and Textainer
Limited (TL) are  Associate  General  Partners of the  Partnership.  The General
Partners manage and control the affairs of the Partnership.

Liquidity and Capital Resources

From  May 1,  1992  until  April  30,  1994,  the  Partnership  offered  limited
partnership  interests  to the  public.  The  Partnership  received  its minimum
subscription  amount  of  $5,000  on June 11,  1992 and on  April  30,  1994 the
Partnership had received a total subscription amount of $136,918.

The Partnership invests working capital,  cash flow from operations prior to its
distribution  to the partners and proceeds  from  container  sales that have not
been used to purchase  containers  in  short-term,  liquid  investments.  Rental
income is the  Partnership's  principal source of liquidity and provides a major
source of funds for distributions.  Rental income has been adversely affected by
current market conditions for leased containers, and these market conditions may
continue or worsen.  Market  conditions  are discussed more fully in "Results of
Operations." The  Partnership's  cash is affected by cash provided by or used in
operating, investing and financing activities. These activities are discussed in
detail below.

Limited partners are currently receiving monthly  distributions in an annualized
amount equal to 5% of their original  investment.  During the nine-month  period
ended September 30, 2002, the Partnership declared cash distributions to limited
partners  pertaining to the period from December 2001 through August 2002 in the
amount of  $5,009.  On a cash  basis  (after  redemptions  and  general  partner
distributions),  $2,729 of these  distributions  was from current year operating
activities,   $1,258  was  from  cash  provided  by  previous  years'  operating
activities  (that had not been  distributed  or used to purchase  containers  or
redeem units) and the balance of $1,022 was a return of capital.  On a financial
statement basis, all of these distributions were a return of capital.

From time to time,  the  Partnership  redeems units from limited  partners for a
specified  redemption  value,  which  is  set  by  formula.  Up  to  2%  of  the
Partnership's outstanding units may be redeemed each year, although the 2% limit
may be exceeded at the Managing General  Partner's  discretion.  All redemptions
are subject to the Managing  General  Partner's  good faith  determination  that
payment for the redeemed units will not (i) cause the Partnership to be taxed as
a  corporation,  (ii) impair the capital or  operations of the  Partnership,  or
(iii) impair the ability of the Partnership to pay  distributions  in accordance
with its distribution  policy.  During the nine-month period ended September 30,
2002, the Partnership  redeemed 145,721 units for a total dollar amount of $767.
The Partnership used cash flow from operations to pay for the redeemed units.

Net cash  provided by operating  activities  for the  nine-month  periods  ended
September 30, 2002 and 2001 was $3,549 and $5,821, respectively. The decrease of
$2,272, or 39%, was primarily attributable to the fluctuations in gross accounts
receivable,  the increase in net loss, adjusted for non-cash  transactions,  and
fluctuations  in due from  affiliates,  net.  The  decrease  in  gross  accounts
receivable  of $163 for the  nine-month  period  ended  September  30,  2002 was
primarily  due to the decrease in rental  income,  offset by the increase in the
average  collection  period of  accounts  receivable.  The  decrease in accounts
receivable  of $1,127 for the  nine-month  period ended  September  30, 2001 was
primarily  due to the  decrease  in rental  income and a decline in the  average
collection  period of  accounts  receivable.  Net loss,  adjusted  for  non-cash
transactions,  increased primarily due to the decrease in rental income,  offset
by the decrease in direct container  expenses.  These fluctuations are discussed
more fully in "Results of Operations."  The fluctuations in due from affiliates,
net,  resulted  from  timing  differences  in  payment  of  expenses,  fees  and
distributions  and the  remittance of net rental  revenues and  container  sales
proceeds, as well as in fluctuations in these amounts.

At  September  30,  2002,  the   Partnership  had  no  commitments  to  purchase
containers.

For the  nine-month  period  ended  September  30,  2002,  net cash  provided by
investing  activities  (the purchase and sale of containers) was $1,626 compared
to net cash used in investing  activities  of $26 for the  comparable  period in
2001. Net cash provided by investing  activities  increased $1,652 primarily due
to the increase in proceeds from container sales, offset by the increase in cash
used for  container  purchases.  Cash  used for  container  purchases  increased
primarily as the  Partnership  purchased more  containers  during the nine-month
period ended  September 30, 2002 than in the same period in 2001.  Proceeds from
container  sales  increased  primarily  due  to  the  Partnership  selling  more
containers in low demand locations during the nine-month  period ended September
30, 2002 than in the same period in 2001. This increase was partially  offset by
the decrease in the average sales price received on container  sales.  The sales
prices  received on container sales continued to decrease as a result of current
market  conditions,  which have adversely affected the value of used containers.
Until  demand for  containers  improves  in certain  low demand  locations,  the
Partnership  plans to continue selling some of its containers that are off-lease
in these locations.  The number of containers sold, both in low demand locations
and  elsewhere,  as well as the average  sales  price,  will affect how much the
Partnership can reinvest in new containers.

Consistent  with its  investment  objectives  and  subject  to its  distribution
policy,  the  Partnership  intends  to  continue  to  reinvest  both  cash  from
operations  available for reinvestment and all, or a significant  amount of, the
proceeds from container sales in additional containers. Reinvestment is expected
to  continue  until the  Partnership  begins  its  liquidation  phase,  which is
estimated to begin in 2003. Cash from operations  available for  reinvestment is
generally equal to cash provided by operating activities, less distributions and
redemptions  paid, which are subject to the General  Partners'  authority to set
these  amounts  (and modify  reserves and working  capital),  as provided in the
Partnership Agreement.  The amount of sales proceeds will fluctuate based on the
number of containers  sold and the sales price received.  The Partnership  sells
containers  when (i) a  container  reaches the end of its useful life or (ii) an
analysis  indicates  that  the  sale  is  warranted  based  on  existing  market
conditions and the container's age, location and condition.

Both cash from  operations  available for  reinvestment  and sales proceeds have
been  adversely  affected by market  conditions.  These market  conditions  have
resulted in a slower than anticipated rate of  reinvestment.  Market  conditions
are  discussed  more fully  under  "Results  of  Operations."  A slower  rate of
reinvestment  will, over time,  affect the size of the  Partnership's  container
fleet. Furthermore, even with reinvestment,  the Partnership is not likely to be
able to replace all the  containers  it sells,  since new  container  prices are
usually  higher  than the  average  sales  price for a used  container,  and the
majority of cash available for reinvestment is from sales proceeds.

Results of Operations

The  Partnership's  income from operations,  which consists  primarily of rental
income  less  costs  and  expenses  (including  container  depreciation,  direct
container  expenses,   management  fees,  and  reimbursement  of  administrative
expenses)  was directly  related to the size of the  container  fleet during the
nine-month  periods ended  September 30, 2002 and 2001, as well as certain other
factors as discussed  below.  The following is a summary of the container  fleet
(in units) available for lease during those periods:

                                                          2002             2001
                                                          ----             ----

     Beginning container fleet...............           31,411           33,062
     Ending container fleet..................           28,635           32,358
     Average container fleet.................           30,023           32,710

The average  container  fleet  decreased  8% from the  nine-month  period  ended
September 30, 2001 to the comparable  period in 2002,  primarily due to sales of
containers.   Although,   sales  proceeds  were  used  to  purchase   additional
containers,  fewer  containers  were  bought than sold as used  container  sales
prices were lower than new container prices. The Partnership's primary source of
funds for container  purchases is these sales  proceeds.  The rate of decline in
average fleet size may fluctuate due to timing  differences  in the purchase and
sale of containers and fluctuations in container sale and purchase prices during
each period.

As noted above,  when containers are sold in the future,  sales proceeds are not
likely to be sufficient to replace all of the containers sold,  resulting in the
continuing  decline in the average  container  fleet.  This trend is expected to
continue.  Other factors related to this trend are discussed above in "Liquidity
and Capital Resources."

Rental income and direct container expenses are also affected by the utilization
of the container  fleet,  which was 59% and 63% on average during the nine-month
periods ended September 30, 2002 and 2001, respectively. The remaining container
fleet is off-lease and is located primarily at a large number of storage depots.
At September 30, 2002, the Partnership's off-lease containers (in units) were in
the following locations:

         Americas                                 2,674
         Europe                                   1,408
         Asia                                     1,804
         Other                                      131
                                                  -----

             Total off-lease containers           6,018
                                                  =====

At  September  30,  2002  approximately  10%  of  the  Partnership's   off-lease
containers had been specifically identified as for sale.

In addition to utilization, rental income is affected by daily rental rates. The
average daily rental rate decreased 11% between the periods. The decrease in the
average  rental  rate was due to  declines  in both  master  and long term lease
rates,  which  are the two  principal  types  of  leases  for the  Partnership's
containers.  The majority of the Partnership's  rental income was generated from
leasing of the Partnership's  containers under master operating  leases,  but an
increasing  percentage of the  Partnership's  containers are on lease under long
term leases,  30% as of September  30, 2002 versus 27% as of September 30, 2001.
Long term leases  generally  have lower rental rates than master leases  because
the lessees have contracted to lease the containers for several years and cannot
return  the  containers  prior  to  the  termination  date  without  a  penalty.
Fluctuations  in rental rates under either type of lease  generally  will affect
the Partnership's operating results.

The  following is a comparative  analysis of the results of  operations  for the
nine-month periods ended September 30, 2002 and 2001.

The  Partnership's  loss  from  operations  for  the  nine-month  periods  ended
September 30, 2002 and 2001 was $4,090 and $670, respectively,  on rental income
of $8,362 and $10,705, respectively. The decrease in rental income of $2,343, or
22%,  from the  nine-month  period ended  September  30, 2001 to the  comparable
period in 2002 was  attributable  to decreases in  container  rental  income and
other rental income,  which is discussed below.  Income from container  rentals,
the major component of total revenue, decreased $2,205, or 24%, primarily due to
the decreases in average rental rates of 11%, the average container fleet of 8%,
and on-hire utilization of 6%.

In the fourth  quarter of 2000,  utilization  began to decline and  continued to
decline  during 2001 and the  beginning  of 2002.  This decline was due to lower
overall  demand by shipping lines for leased  containers,  which was primarily a
result of the worldwide economic slowdown.  Two other factors reduced the demand
for leased  containers.  Shipping  lines added larger  vessels to their  fleets,
which  combined with lower cargo volume  growth,  made it easier for them to use
otherwise  empty vessel space to reposition  their own  containers  back to high
demand  locations.  Additionally,  in anticipation of the delivery of these new,
larger  vessels,  many shipping  lines placed large orders for new containers in
2000 and 2001, thus temporarily  reducing their need to lease containers.  These
orders  for  additional  containers  are part of a  general  increase  in vessel
capacity for the shipping lines.  This increase in vessel  capacity  amounted to
12% in 2001. An additional  increase in vessel capacity of approximately  12% is
expected in 2002.

Utilization has improved steadily since March 2002 due to:
o        An increase in export cargo out of Asia
o        Prior repositioning of containers to Asia which placed large quantities
         of containers in areas of high demand
o        Disposal of older containers and fewer  purchases of new  containers by
         both container lessors and shipping lines in 2001 and2002, resulting in
         an overall better-balanced supply of containers
o        The  labor  disagreement  that  is currently  affecting U.S. West Coast
         ports is having  a short-term  positive effect on demand for containers
         as shipping lines are not able to reposition enough  containers to Asia
         and must lease more containers to meet their customers' demands

This  utilization  improvement has continued into the fourth quarter of 2002 but
the General Partners caution that market  conditions could deteriorate again due
to global  economic  conditions.  Demand for leased  containers  could therefore
weaken  again and result in a decrease in  utilization  and further  declines in
lease rates and container  sale prices,  adversely  affecting the  Partnership's
operating results.

Despite the  improvement  in  utilization,  the  Partnership  continues  to sell
(rather than reposition) some older containers  located in low demand locations.
For the number of off-lease  containers located in the lower demand locations in
the Americas and Europe,  see chart above.  The decision to sell  containers  is
based on the current  expectation  that the  economic  benefit of selling  these
containers is greater than the estimated  economic  benefit of continuing to own
these containers.  The majority of the containers sold are older containers. The
expected  economic  benefit  of  continuing  to own these  older  containers  is
significantly  less than that of newer containers.  This is due to their shorter
remaining  marine life,  the cost to reposition  them,  and the shipping  lines'
preference for leasing newer containers when they have a choice.

Once the decision had been made to sell containers,  the Partnership  wrote down
the value of these  specifically  identified  containers when the carrying value
was greater than the container's estimated fair value, which was based on recent
sales prices less cost of sales. Due to declines in container sales prices,  the
actual sales prices  received on some  containers  were lower than the estimates
used for the write-down,  resulting in the Partnership incurring losses upon the
sale  of  some  of  these  containers.  Until  market  conditions  improve,  the
Partnership  may incur  further  write-downs  and/or  losses on the sale of such
containers.  Should the  decline in  economic  value of  continuing  to own such
containers  turn  out  to be  permanent,  the  Partnership  may be  required  to
write-down the value of some of its container rental equipment.

Other rental income consists of other lease-related items, primarily income from
charges to lessees for dropping off containers in surplus locations less credits
granted to lessees for  leasing  containers  from  surplus  locations  (location
income),  income  from  charges to lessees for  handling  related to leasing and
returning  containers (handling income) and income from charges to lessees for a
Damage  Protection  Plan (DPP).  For the nine-month  period ended  September 30,
2002,  other rental  income was $1,322,  a decrease of $138 from the  equivalent
period in 2001.  The decrease was primarily due to decreases in location and DPP
income of $138 and $117, respectively, offset by the increase in handling income
of $117.  The decrease in location  income was  primarily due to the decrease in
charges to lessees for dropping off containers in surplus  locations,  offset by
the decline in credits granted to lessees for picking up containers from surplus
locations.  DPP income  declined  due to a  decrease  in the  average  DPP price
charged per container and fluctuations in the number of containers covered under
DPP. The increase in handling income was due to increases in container  movement
and the average handling charge per container.

Direct container  expenses  decreased  $1,260, or 28% from the nine-month period
ended September 30, 2001, to the same period in 2002. The decrease was primarily
due to decreases in  repositioning,  maintenance  and DPP expenses of $861, $199
and $147,  respectively.  Repositioning  expense decreased  primarily due to the
decrease in the average cost to reposition  containers primarily due to shorter,
less  expensive  repositioning  moves made during the  nine-month  period  ended
September  30, 2002  compared to the same  period in 2001.  Maintenance  expense
decreased due to the decrease in the number of containers requiring  maintenance
and a decrease  in the  average  maintenance  cost per  container.  DPP  expense
declined primarily due to the decrease in the average repair cost per container.

Bad debt expense  (benefit) was $17 and ($23) for the  nine-month  periods ended
September  30, 2002 and 2001,  respectively.  Fluctuations  in bad debt  expense
(benefit)  reflect the  adjustment  to the bad debt  allowance  and are based on
management's then current  estimates of the portion of accounts  receivable that
may not be  collected,  and  which  will  not be  covered  by  insurance.  These
estimates  are  based  primarily  on  management's  current  assessment  of  the
financial condition of the Partnership's lessees and their ability to make their
required  payments.  The  expense  recorded  for  the  nine-month  period  ended
September  30, 2002 reflects a higher  reserve  estimate from December 31, 2001.
The benefit recorded for the comparable  period in 2001 reflects a lower reserve
estimate from December 31, 2000.

Depreciation  expense  decreased  $27, or 1% from the  nine-month  period  ended
September  30,  2001 to the  equivalent  period  in 2002,  primarily  due to the
decline in the  average  fleet size noted  above,  offset by an  increase in the
depreciation  rate as a  result  of  changes  in  estimated  salvage  values  as
discussed below.

Effective  July 1, 2002,  the  Partnership  revised its estimate  for  container
salvage  value  from a  percentage  of  equipment  cost to an  estimated  dollar
residual value.  The effect of this change for the three and nine-month  periods
ended  September 30, 2002 was an increase to  depreciation  expense of $515. The
Partnership will evaluate the estimated residual values and remaining  estimated
useful lives on an on-going basis and will revise its estimates as needed.  As a
result,   depreciation   expense  may  fluctuate  in  future  periods  based  on
fluctuations in these estimates.  If the estimates  regarding residual value and
remaining  useful life of the containers were to decline,  depreciation  expense
would increase, adversely affecting the Partnership's operating results.

New  container  prices  steadily  declined  from  1995  through  1999.  Although
container prices increased in 2000, these prices declined again in 2001 and have
remained low during 2002. As a result,  the cost of new containers  purchased in
recent years is significantly less than the average cost of containers purchased
in prior years.  The Partnership  evaluated the  recoverability  of the recorded
amount  of  container  rental  equipment  at  September  30,  2002  and 2001 for
containers to be held for continued use and  determined  that a reduction to the
carrying  value of these  containers  was not  required.  The  Partnership  also
evaluated the recoverability of the recorded amount of containers identified for
sale in the ordinary  course of business and determined  that a reduction to the
carrying value of these containers was required.  The Partnership wrote down the
value of these  containers  to their  estimated  fair value,  which was based on
recent  sales prices less cost of sales.  During the  nine-month  periods  ended
September 30, 2002 and 2001, the  Partnership  recorded  write-down  expenses of
$1,646 and $181,  respectively,  on 2,015 and 336 containers identified for sale
and requiring a reserve.  During the nine-month period ended September 30, 2002,
the Partnership also reclassified 226 containers from containers  identified for
sale to containers  held for continued use due to the  improvement in demand for
leased containers in Asia. There were no reclassifications during the nine-month
period ended  September 30, 2001.  At September 30, 2002 and 2001,  the net book
value of the 626 and 199  containers  identified  for  sale  was $543 and  $231,
respectively.

The Partnership sold 2,005 previously written down containers for a loss of $192
during the  nine-month  period ended  September 30, 2002 and sold 284 previously
written down  containers  for a loss of $25 during the same period in 2001.  The
Partnership  incurred losses on the sale of some containers  previously  written
down as the actual sales prices received on these containers were lower than the
estimates used for the write-downs.

The Partnership also sold containers that had not been written down and recorded
a loss of $873 and a gain of $40 during the nine-month  periods ended  September
30, 2002 and 2001, respectively.

As more  containers are  subsequently  identified for sale or if container sales
prices decline,  the Partnership may incur additional  write-downs on containers
and/or may incur losses on the sale of containers. The Partnership will continue
to evaluate  the  recoverability  of the recorded  amounts of  container  rental
equipment and cautions that a write-down  of container  rental  equipment may be
required in future periods for some of its container rental equipment.

Management fees to affiliates decreased $268, or 26%, from the nine-month period
ended September 30, 2001 to the comparable  period in 2002. The decrease was due
to  decreases  in  both  equipment  and  incentive  management  fees.  Equipment
management  fees  decreased  due to the  decrease in rental  income,  upon which
equipment  management fees are primarily based. These fees were approximately 7%
of rental income for both periods. Incentive management fees, which are based on
the Partnership's  limited and general partner distributions made from cash from
operations and partners' capital, decreased primarily due to (i) the decrease in
the amount of distributions paid from cash from operations and (ii) decreases in
partners' capital due to redemptions of limited partners units.

General and administrative  costs to affiliates  decreased $77, or 14%, from the
nine-month  period ended September 30, 2001 to the same period in 2002 primarily
due to the  decrease  in the  allocation  of  overhead  costs  from TEM,  as the
Partnership represented a smaller portion of the total fleet managed by TEM.

The  Partnership  Agreement  provides  for the  ongoing  payment to the  General
Partners of the management fees and the reimbursement of the expenses  discussed
above.  Since these fees and expenses are  established  by the  Agreement,  they
cannot be considered the result of arms' length negotiations with third parties.
The Partnership Agreement was formulated at the Partnership's  inception and was
part of the terms  upon which the  Partnership  solicited  investments  from its
limited partners. The business purpose of paying the General Partners these fees
is to  compensate  the  General  Partners  for the  services  they render to the
Partnership.  Reimbursement  for  expenses  is made to offset  some of the costs
incurred by the General  Partners in managing the  Partnership and its container
fleet.  More details about these fees and expenses are included in footnote 2 to
the Financial Statements.

Gain  (loss)  on  sale  of  containers  fluctuated  from a gain  of $15  for the
nine-month  period  ended  September  30,  2001  to a loss  of  $1,065  for  the
comparable  period in 2002. The  fluctuation  was primarily due to the change in
average gain (loss)  recorded on container sales from an average gain during the
nine-month  period ended  September  30, 2001 to an average loss during the same
period in 2002, as well as the increase in the number of containers sold.

Net loss per limited  partnership  unit  increased  from $0.10 to $0.62 from the
nine-month  period ended  September 30, 2001 to the  equivalent  period in 2002,
respectively,  reflecting the increase in net loss allocated to limited partners
from $659 to $4,117, respectively. The allocation of net loss for the nine-month
periods ended September 30, 2002 and 2001 included a special allocation of gross
income to the General Partners of $94 and $76, respectively,  in accordance with
the Partnership Agreement.

The  following is a comparative  analysis of the results of  operations  for the
three-month periods ended September 30, 2002 and 2001.

The  Partnership's  loss from  operations  for the  three-month  periods  ending
September 30, 2002 and 2001 was $990 and $289, respectively, on rental income of
$3,088 and $3,362,  respectively.  The decrease in rental income of $274, or 8%,
from the three-month period ended September 30, 2001 to the comparable period in
2002 was  attributable to decreases in container  rental income and other rental
income.  Income from container  rentals  decreased $177, or 6%, primarily due to
the decreases in average  rental rates of 14% and the average fleet size of 10%,
offset by the increase in average on-hire utilization of 23%.

Other rental  income was $488 for the  three-month  period ended  September  30,
2002,  a decrease of $97 from the  equivalent  period in 2001.  The decrease was
primarily due to a decrease in location  income of $168,  offset by the increase
in handling income of $89. Location income declined primarily due to an increase
in credits granted to lessees for picking up containers  from surplus  locations
and a decrease  in charges to lessees for  dropping  off  containers  in surplus
locations. Handling income increased due to the increase in container movement.

Direct container  expenses  decreased $385, or 28%, from the three-month  period
ending  September 30, 2001, to the  equivalent  period in 2002. The decrease was
primarily  due to  decreases in storage and  repositioning  expenses of $260 and
$139,  respectively,  offset by the increase in handling expense of $79. Storage
expense decreased due to the increase in utilization noted above.  Repositioning
expense  decreased  due to the  decrease in the average  repositioning  cost per
container,  offset by the  increase  in the number of  containers  repositioned.
Handling expense increased due to the increase in container  movement and in the
average handling charge per container.

Bad debt expense was comparable at $23 and $24 for the three-month periods ended
September 30, 2002 and 2001, respectively.

Depreciation  expense increased $309, or 19%, from the three-month  period ended
September 30, 2001 to the comparable  period in 2002 primarily due to the change
in  estimated  salvage  values used to calculate  depreciation  expense as noted
above.

During  the  three-month   periods  ended  September  30,  2002  and  2001,  the
Partnership recorded write-down expenses of $345 and $95,  respectively,  on 396
and 169  containers  identified  for sale and  requiring  a reserve.  During the
three-month period ended September 30, 2002, the Partnership sold 570 previously
written down  containers for a loss of $24 and sold 163 previously  written down
containers  for a loss of $17  during  the  same  period  in  2001.  During  the
three-month periods ended September 30, 2002 and 2001, the Partnership also sold
containers that had not been written down and recorded a loss of $242 and a gain
of $54, respectively.

Management fees to affiliates decreased $71, or 23%, from the three-month period
ended  September 30, 2001 to the comparable  period in 2002, due to decreases in
both  incentive  and  equipment   management  fees.  Incentive  management  fees
decreased due to (i) the decrease in the amount of distributions  paid from cash
from  operations and (ii)  decreases in partners'  capital due to redemptions of
limited partners units.  Equipment  management fees decreased due to the decline
in rental income, and were approximately 7% of rental income for both periods.

General and administrative  costs to affiliates  decreased $22, or 13%, from the
three-month  period ended  September 30, 2001 to the comparable  period in 2002,
primarily due to a decrease in the allocation of overhead costs from TEM, as the
Partnership represented a smaller portion of the total fleet managed by TEM.

Gain/loss  on  sale  of  containers  fluctuated  from a  gain  of  $37  for  the
three-month period ended September 30, 2001 to a loss of $266 for the comparable
period in 2002. The  fluctuation was primarily due to the change in average gain
(loss)  recorded on container  sale from an average gain during the  three-month
period  ended  September  30, 2001 to an average  loss during the same period in
2002, as well as the increase in the number of containers sold.

Net loss per limited  partnership  unit  increased  from $0.04 to $0.15 from the
three-month  period ended  September 30, 2001 to the equivalent  period in 2002,
respectively,  reflecting  the  increase  in the net loss  allocated  to limited
partners from $292 to $1,002, respectively.  The allocation of net loss included
a special  allocation of gross income to the General Partners in accordance with
the Partnership Agreement.

Critical Accounting Policies and Estimates

The Partnership's discussion and analysis of its financial condition and results
of operations are based upon the Partnership's financial statements,  which have
been prepared in accordance with accounting principles generally accepted in the
United States of America.  Certain  estimates and  assumptions  were made by the
Partnership's  management  that  affect  the  reported  amounts  of  assets  and
liabilities and disclosures of contingent  assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. The Partnership's management evaluates its estimates on an
on-going  basis,  including  those  related to the container  rental  equipment,
accounts  receivable  and  accruals.  These  estimates  are based on  historical
experience and on various other  assumptions  that are believed to be reasonable
under  the  circumstances,  the  results  of which  form the  basis  for  making
judgments  regarding  the  carrying  values of assets  and  liabilities.  Actual
results  could  differ  from those  estimates  under  different  assumptions  or
conditions.

The Partnership's management believes the following critical accounting policies
affect its more  significant  judgments and estimates used in the preparation of
its financial statements.

The Partnership  maintains allowances for doubtful accounts for estimated losses
resulting  from the  inability of its lessees to make required  payments.  These
allowances  are  based  on  management's  current  assessment  of the  financial
condition of the Partnership's  lessees and their ability to make their required
payments.  If the  financial  condition  of the  Partnership's  lessees  were to
deteriorate,  resulting  in an  impairment  of their  ability to make  payments,
additional  allowances  may  be  required,  which  would  adversely  affect  the
Partnership's operating results.


The  Partnership  depreciates  its container  rental  equipment based on certain
estimates  related to the  container's  useful  life and  salvage  value.  These
estimates are based upon assumptions  about future demand for leased  containers
and the  estimated  sales  price  at the  end of the  container's  useful  life.
Effective  July 1, 2002,  the  Partnership  revised its estimate  for  container
salvage  value  from a  percentage  of  equipment  cost to an  estimated  dollar
residual value. The Partnership will evaluate the estimated  residual values and
remaining  estimated  useful  lives on an  on-going  basis and will  revise  its
estimates as needed. As a result,  depreciation  expense may fluctuate in future
periods based on fluctuations  in these  estimates.  If the estimates  regarding
residual  value and  remaining  useful life of the  containers  were to decline,
depreciation  expense would  increase,  adversely  affecting  the  Partnership's
operating results.

Additionally,  the  recoverability  of the recorded  amounts of containers to be
held for  continued  use and  identified  for  sale in the  ordinary  course  of
business are evaluated to ensure that  containers held for continued use are not
impaired and that containers identified for sale are recorded at amounts that do
not exceed the estimated fair value of the containers. Containers to be held for
continued  use are  considered  impaired and are written down to estimated  fair
value  when the  estimated  future  undiscounted  cash  flows  are less than the
recorded  values.  Containers  identified for sale are written down to estimated
fair  value when the  recorded  value  exceeds  the  estimated  fair  value.  In
determining  the  estimated  future  undiscounted  cash  flows and fair value of
containers,  assumptions are made regarding future demand and market  conditions
for leased containers and the sales prices for used containers. If actual market
conditions are less favorable than those projected or if actual sales prices are
lower than those  estimated by the  Partnership,  additional  write-downs may be
required  and/or losses may be realized.  Any  additional  write-downs or losses
would adversely affect the Partnership's operating results.

Accounting Pronouncement

In August  2001,  the  Financial  Accounting  Standards  Board  ("FASB")  issued
Statement of Financial  Accounting  Standards ("SFAS") No. 144,  "Accounting for
Impairment or Disposal of Long-Lived  Assets." SFAS No. 144 supercedes  SFAS No.
121, "Accounting for the Impairment of Long-Lived Assets to be Disposed of," and
elements of Accounting  Principles  Board Opinion 30,  "Reporting the Results of
Operations  - Reporting  the Effects on Disposal of a Segment of a Business  and
Extraordinary, Unusual or Infrequently Occurring Events and Transactions."

SFAS No. 144 establishes a  single-accounting  model for long-lived assets to be
disposed of while  maintaining  many of the  provisions  relating to  impairment
testing and valuation.  The Partnership  adopted SFAS No. 144 on January 1, 2002
and  there was no  material  impact on the  Partnership's  financial  condition,
operating results or cash flow.

In April 2002,  the FASB issued SFAS No. 145,  "Rescission of FASB Statement No.
4, 44 and 64,  Amendment of FASB  Statement No. 13, and Technical  Corrections."
SFAS No. 145 rescinds FASB Statement No. 4, "Reporting  Gains and Losses of Debt
Extinguishments" and an amendment of that Statement, FASB Statement No. 64. SFAS
No. 145 also rescinds FASB Statement No. 44,  "Accounting for Intangible  Assets
of Motor Carriers." FASB 145 also amends FASB Statement No. 13,  "Accounting for
Leases",  to eliminate an  inconsistency  between the  required  accounting  for
sale-leaseback  transactions  and the  required  accounting  for  certain  lease
modifications that have economic effects similar to sale-leaseback transactions.
These rescissions and amendment are not anticipated to have a material impact on
the financial statements of the Partnership.

In June 2002, the FASB issued SFAS No. 146 "Accounting for Costs Associated With
Exit or Disposal  Activities".  SFAS No. 146 addresses financial  accounting and
reporting for costs  associated  with exit or disposal  activities and nullifies
Emerging  Issues Task Force (EITF)  Issue No. 94-3  "Liability  Recognition  for
Certain  Employee  Termination  Benefits  and  Other  Costs to Exit an  Activity
(including Certain Costs Incurred in a Restructuring)."  This Statement requires
that a liability  for a cost  associated  with an exit or  disposal  activity be
recognized when the liability is incurred.  The provisions of this Statement are
effective for exit or disposal  activities that are initiated after December 31,
2002, with early application  encouraged.  The Partnership  anticipates that the
adoption  of SFAS  No.  146 will not have a  material  impact  on its  financial
statements.

Risk Factors and Forward Looking Statements

Although  substantially  all of the  Partnership's  income  from  operations  is
derived from assets employed in foreign operations, virtually all of this income
is  denominated  in United  States  dollars.  The  Partnership's  customers  are
international  shipping  lines,  which transport  goods on  international  trade
routes.  The  domicile  of the lessee is not  indicative  of where the lessee is
transporting  the  containers.  The  Partnership's  business risk in its foreign
operations lies with the  creditworthiness of the lessees, and the Partnership's
ability to keep its containers under lease,  rather than the geographic location
of the  containers or the domicile of the lessees.  The containers are generally
operated on the international high seas rather than on domestic  waterways.  The
containers are subject to the risk of war or other political, economic or social
occurrence  where  the  containers  are used,  which  may  result in the loss of
containers,  which,  in turn,  may have a material  impact on the  Partnership's
results of operations and financial condition.

Other risks of the Partnership's  leasing  operations include  competition,  the
cost of  repositioning  containers  after  they come  off-lease,  the risk of an
uninsured loss, including bad debts,  increases in maintenance expenses or other
costs of  operating  the  containers,  and the effect of world  trade,  industry
trends  and/or  general  business  and  economic  cycles  on  the  Partnership's
operations. See "Risk Factors" in the Partnership's Prospectus, as supplemented,
for additional information on risks of the Partnership's business. See "Critical
Accounting  Policies and Estimates"  above for information on the  Partnership's
critical  accounting policies and how changes in those estimates could adversely
affect the Partnership's results of operations.

The foregoing includes forward-looking statements and predictions about possible
or  future  events,  results  of  operations  and  financial  condition.   These
statements  and  predictions  may  prove  to  be  inaccurate,   because  of  the
assumptions  made by the  Partnership  or the  General  Partners  or the  actual
development  of  future  events.  No  assurance  can be given  that any of these
forward-looking statements or predictions will ultimately prove to be correct or
even substantially correct. The risks and uncertainties in these forward-looking
statements  include,  but are not  limited  to,  changes  in demand  for  leased
containers,  changes in global  business  conditions  and their  effect on world
trade,  future  modifications  in the way in  which  the  Partnership's  lessees
conduct their business or of the  profitability of their business,  increases or
decreases in new container  prices or the  availability  of financing  therefor,
alterations in the costs of maintaining and repairing used containers, increases
in competition,  changes in the Partnership's  ability to maintain insurance for
its  containers  and its  operations,  the effects of  political  conditions  on
worldwide  shipping and demand for global trade or of other general business and
economic cycles on the  Partnership,  as well as other risks detailed herein and
from time to time in the Partnership's  filings with the Securities and Exchange
Commission.  The  Partnership  does  not  undertake  any  obligation  to  update
forward-looking statements.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk.

Inapplicable.

Item 4.  Controls and Procedures

Based on an evaluation of the Partnership's  disclosure  controls and procedures
(as defined in Rules 13a-14 and 15d-14 of the  Securities  Exchange Act of 1934)
conducted  within  ninety days of the filing date of this  report,  the managing
general partner's  principal  executive officer and principal  financial officer
have found those  controls and  procedures to be  effective.  There have been no
significant  changes in the Partnership's  internal controls or in other factors
that could  significantly  affect these controls subsequent to the date of their
evaluation   including  any  corrective   actions  with  regard  to  significant
deficiencies and material weaknesses.


<PAGE>
<TABLE>
<CAPTION>


Part II

Item 6.  Exhibits and Reports on Form 8-K.

    (a)  Exhibits  99.1 and 99.2  Certifications  pursuant to 18 U.S.C.  Section
         1350,   as adopted,  and  regarding  Section 906  of the Sarbanes-Oxley
         Act of 2002

    (b)  Not applicable.



                                   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.


                                   TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
                                   A California Limited Partnership

                                   By Textainer Financial Services Corporation
                                   The Managing General Partner



                                   By _______________________________
                                      Ernest J. Furtado
                                      Chief Financial Officer


Date:   November 19, 2002

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of Textainer  Financial
Services  Corporation,  the Managing  General Partner of the Registrant,  in the
capacities and on the dates indicated:


Signature                                Title                                          Date

<S>                                      <C>                                           <C>
________________________                 Chief Financial Officer, Senior                November 19, 2002
Ernest J. Furtado                        Vice President and Secretary





________________________                 President                                      November 19, 2002
John A. Maccarone

</TABLE>
<PAGE>
<TABLE>
<CAPTION>

Part II

Item 6.  Exhibits and Reports on Form 8-K.

     (a) Exhibits  99.1  and 99.2  Certifications pursuant to  18 U.S.C. Section
         1350, as adopted, and regarding Section  906 of  the Sarbanes-Oxley Act
         of 2002

     (b) Not applicable.



                                   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.


                                   TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
                                   A California Limited Partnership

                                   By Textainer Financial Services Corporation
                                   The Managing General Partner



                                   By /s/Ernest J. Furtado
                                      __________________________________________
                                      Ernest J. Furtado
                                      Chief Financial Officer


Date:   November 19, 2002



Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of Textainer  Financial
Services  Corporation,  the Managing  General Partner of the Registrant,  in the
capacities and on the dates indicated:


Signature                                   Title                                          Date

<S>                                        <C>                                                 <C>

/s/Ernest J. Furtado
___________________________________         Chief Financial Officer, Senior                November 19, 2002
Ernest J. Furtado                           Vice President and Secretary





/s/John A. Maccarone
___________________________________         President                                      November 19, 2002
John A. Maccarone

</TABLE>

<PAGE>


CERTIFICATIONS

I, John A. Maccarone, certify that:

1.    I have reviewed this  quarterly report on form 10-Q of Textainer Equipment
      Income Fund IV, L.P.;

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 we
      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 function):

      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 or not 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.


November 19, 2002

                                        /s/ John A. Maccarone
                                        ____________________________________
                                        John A. Maccarone
                                        President and Director of TFS

<PAGE>




CERTIFICATIONS

I, Ernest J. Furtado, certify that:

1.    I have reviewed this  quarterly report on form 10-Q of Textainer Equipment
      Income Fund IV, L.P.;

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 we
      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 function):

      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 or not 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.

November 19, 2002

                                 /s/ Ernest J. Furtado
                                 _______________________________________________
                                 Ernest J. Furtado
                                 Chief Financial Officer, Senior Vice President,
                                 Secretary and Director of TFS



<PAGE>



                                  EXHIBIT 99.1



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



In connection with the Quarterly  Report of Textainer  Equipment Income Fund IV,
L.P., (the  "Registrant")  on Form 10-Q for the quarterly period ended September
30,  2002,  as filed on  November  19,  2002 with the  Securities  and  Exchange
Commission (the "Report"),  I, John A. Maccarone,  the President and Director of
Textainer Financial Services Corporation ("TFS") and Principal Executive Officer
of TFS, the Managing General Partner of the Registrant,  certify, pursuant to 18
U.S.C. ss. 1350, as adopted,  regarding Section 906 of the Sarbanes-Oxley Act of
2002, that:

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

(ii) The information contained in  the Report  fairly presents, in all  material
     respects, the financial condition, results of operations and  cash flows of
     the Registrant.



November 19, 2002



                                    By  /s/ John A. Maccarone
                                        _______________________________
                                        John A. Maccarone
                                        President and Director of TFS


<PAGE>


                                  EXHIBIT 99.2



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



In connection with the Quarterly  Report of Textainer  Equipment Income Fund IV,
L.P., (the  "Registrant")  on Form 10-Q for the quarterly period ended September
30,  2002,  as filed on  November  19,  2002 with the  Securities  and  Exchange
Commission (the "Report"), I, Ernest J. Furtado, Chief Financial Officer, Senior
Vice  President,   Secretary  and  Director  of  Textainer   Financial  Services
Corporation  ("TFS") and Principal  Financial and Accounting Officer of TFS, the
Managing General Partner of the Registrant,  certify,  pursuant to 18 U.S.C. ss.
1350, as adopted, regarding Section 906 of the Sarbanes-Oxley Act of 2002, that:

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

(ii)  The information contained in  the  Report fairly presents, in all material
      respects, the financial condition, results of operations and cash flows of
      the Registrant.



November 19, 2002


                           By  /s/ Ernest J. Furtado
                               _________________________________________________
                               Ernest J. Furtado
                               Chief Financial Officer, Senior Vice President,
                               Secretary and Director of TFS