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



November 13, 2001

Securities and Exchange Commission
Washington, DC  20549

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, 2001.

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

Sincerely,

Ernest J. Furtado
Chief Financial Officer
<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, 2001


                   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, 2001

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



                                                                                                      Page
<S>                                                                                                   <C>


Item 1.   Financial Statements

          Balance Sheets - September 30, 2001
          and December 31, 2000 (unaudited).....................................................         3



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



          Statements of Partners' Capital for the nine months
          ended September 30, 2001 and 2000 (unaudited).........................................         5



          Statements of Cash Flows for the nine months
          ended September 30, 2001 and 2000 (unaudited).........................................         6



          Notes to Financial Statements (unaudited).............................................         8



Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations.............................................................        12

</TABLE>


<PAGE>
<TABLE>
<CAPTION>


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

Balance Sheets

September 30, 2001 and December 31, 2000
(Amounts in thousands)
(unaudited)
------------------------------------------------------------------------------------------------------------------

                                                                                2001                    2000
                                                                          ----------------        ----------------
<S>                                                                             <C>                   <C>
Assets
Container rental equipment, net of accumulated
   depreciation of $54,037, (2000:  $50,184) (note 3)                     $        57,107         $        63,447
Cash                                                                                2,037                   3,183
Accounts receivable, net of allowance for doubtful
   accounts of $242, (2000:  $323)                                                  2,659                   3,632
Due from affiliates, net (note 2)                                                     441                     704
Prepaid expenses                                                                        -                      17
                                                                          ----------------        ----------------

                                                                          $        62,244         $        70,983
                                                                          ================        ================

Liabilities and Partners' Capital
Liabilities:
   Accounts payable                                                       $           775         $           620
   Accrued liabilities                                                                268                     417
   Accrued damage protection plan costs                                               261                     366
   Warranty claims                                                                    308                     354
   Accrued recovery costs                                                             251                     219
   Deferred quarterly distributions                                                    82                     121
   Container purchases payable                                                          -                   1,098
                                                                          ----------------        ----------------

      Total liabilities                                                             1,945                   3,195
                                                                          ----------------        ----------------

Partners' capital:
   General partners                                                                     -                       -
   Limited partners                                                                60,299                  67,788
                                                                          ----------------        ----------------

      Total partners' capital                                                      60,299                  67,788
                                                                          ----------------        ----------------


                                                                          $        62,244         $        70,983
                                                                          ================        ================

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, 2001 and 2000
(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, 2001     Sept. 30, 2000     Sept. 30, 2001     Sept. 30, 2000
                                                         ---------------     ---------------    ---------------    ---------------
<S>                                                            <C>                  <C>               <C>                  <C>
Rental income                                            $        3,362      $        4,318     $       10,705     $       13,144
                                                         ---------------     ---------------    ---------------    ---------------

Costs and expenses:
   Direct container expenses                                      1,382               1,137              4,458              3,567
   Bad debt expense (benefit)                                        24                  14                (23)               (67)
   Depreciation                                                   1,666               1,701              5,047              5,093
   Write-down of containers (note 3)                                 95                  73                181                224
   Professional fees                                                  6                  18                 24                 59
   Management fees to affiliates (note 2)                           306                 394              1,016              1,213
   General and administrative costs to affiliates (note 2)          171                 235                566                671
   Other general and administrative costs                            38                  41                121                128
   (Gain) loss on sale of containers (note 3)                       (37)                 62                (15)                24
                                                         ---------------     ---------------    ---------------    ---------------

                                                                  3,651               3,675             11,375             10,912
                                                         ---------------     ---------------    ---------------    ---------------

   (Loss) income from operations                                   (289)                643               (670)             2,232
                                                         ---------------     ---------------    ---------------    ---------------

   Interest income                                                   17                  64                 81                169
                                                         ---------------     ---------------    ---------------    ---------------

   Net (loss) earnings                                   $         (272)     $          707     $         (589)    $        2,401
                                                         ===============     ===============    ===============    ===============

Allocation of net (loss) earnings (note 2):
   General partners                                      $           20      $           25     $           70     $           75
   Limited partners                                                (292)                682               (659)             2,326
                                                         ---------------     ---------------    ---------------    ---------------

                                                         $         (272)     $          707     $         (589)    $        2,401
                                                         ===============     ===============    ===============    ================
Limited partners' per unit share
   of net (loss) earnings                                $        (0.04)     $         0.10     $        (0.10)    $         0.34
                                                         ===============     ===============    ===============    ===============

Limited partners' per unit share
   of distributions                                      $         0.28      $         0.35     $         0.98     $         1.05
                                                         ===============     ===============    ===============    ===============

Weighted average number of limited
   partnership units outstanding                              6,716,066           6,772,010          6,720,333          6,786,530
                                                         ===============     ===============    ===============    ===============

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, 2001 and 2000
(Amounts in thousands)
(unaudited)
-----------------------------------------------------------------------------------------------------------------------------

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

                                                                         General             Limited               Total
                                                                     --------------     ----------------     ----------------
<S>                                                                        <C>                 <C>                 <C>
Balances at January 1, 2000                                          $           -      $        74,637      $        74,637

Distributions                                                                  (75)              (7,128)              (7,203)

Redemptions (note 4)                                                             -                 (187)                (187)

Net earnings                                                                    75                2,326                2,401
                                                                     --------------     ----------------     ----------------
Balances at September 30, 2000                                       $           -      $        69,648      $        69,648
                                                                     ==============     ================     ================

Balances at January 1, 2001                                          $           -      $        67,788      $        67,788

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

Redemptions (note 4)                                                             -                 (218)                (218)

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

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

For the nine months ended September 30, 2001 and 2000
(Amounts in thousands)
(unaudited)
-----------------------------------------------------------------------------------------------------------------------

                                                                                        2001                 2000
                                                                                   ----------------     ---------------
<S>                                                                                        <C>                <C>
Cash flows from operating activities:
   Net (loss) earnings                                                             $          (589)     $        2,401
   Adjustments to reconcile net (loss) earnings to
      net cash provided by operating activities:
       Depreciation                                                                          5,047               5,093
       Write-down of containers                                                                181                 224
       Decrease in allowance for doubtful accounts                                             (81)               (199)
       Loss (gain) on sale of containers                                                       (15)                 24
       Decrease in assets:
            Accounts receivable                                                              1,127                 460
            Due from affiliates, net                                                           247                 243
            Prepaid expenses                                                                    17                  20
       Increase (decrease) in liabilities:
            Accounts payable and accrued liabilities                                             6                  86
            Accrued recovery costs                                                              32                  26
            Accrued damage protection plan costs                                              (105)               (169)
            Warranty claims                                                                    (46)                (46)
                                                                                   ----------------     ---------------


               Net cash provided by operating activities                                     5,821               8,163
                                                                                   ----------------     ---------------

Cash flows from investing activities:
   Proceeds from sale of containers                                                          1,103               1,252
   Container purchases                                                                      (1,129)             (1,791)
                                                                                   ----------------     ---------------

              Net cash used in investing activities                                            (26)               (539)
                                                                                   ----------------     ---------------

Cash flows from financing activities:
    Redemptions of limited partnership units                                                  (218)               (187)
    Distributions to partners                                                               (6,723)             (7,208)
                                                                                   ----------------     ---------------

               Net cash used in financing activities                                        (6,941)             (7,395)
                                                                                   ----------------     ---------------

Net (decrease) increase in cash                                                             (1,146)                229

Cash at beginning of period                                                                  3,183               2,660
                                                                                   ----------------     ---------------

Cash at end of period                                                              $         2,037      $        2,889
                                                                                   ================     ===============

</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, 2001 and 2000
(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, 2001 and 2000,  and  December  31, 2000 and 1999,
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, 2001 and 2000.

                                                              Sept. 30       Dec. 31         Sept. 30        Dec. 31
                                                                2001           2000            2000           1999
                                                             -----------    -----------    -------------    ----------
<S>                                                              <C>             <C>            <C>             <C>
Container purchases included in:
     Due to affiliates..............................              $  -        $    -            $ 73          $    -
     Container purchases payable....................                 -         1,098             279               -

Distributions to partners included in:
     Due to affiliates..............................                 6             8               8               9
     Deferred quarterly distributions...............                82           121             123             127

Proceeds from sale of containers included in:
     Due from affiliates............................               235           253             347             270

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, 2001 and 2000.


                                                                                                2001            2000
                                                                                                ----            ----

Container purchases recorded........................................                          $   31          $2,143
Container purchases paid............................................                           1,129           1,791

Distributions to partners declared..................................                           6,682           7,203
Distributions to partners paid......................................                           6,723           7,208

Proceeds from sale of containers recorded...........................                           1,085           1,329
Proceeds from sale of containers received...........................                           1,103           1,252

The  Partnership  has  entered  into direct  finance  leases,  resulting  in the
transfer of containers from container rental  equipment to accounts  receivable.
The  carrying  values of  containers  transferred  during the nine- months ended
September 30, 2001 and 2000 were $73 and $146, 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, 2001 and 2000
(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, 2001 and  December 31, 2000 and the
      results of its operations, changes in partners' capital and cash flows for
      the nine-month periods ended September 30, 2001 and 2000, 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,  2000, 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. Actual  results could  differ  from  those
      estimates.

      Certain  reclassifications, not  affecting  net earnings (loss), have been
      made to  prior  year amounts in order to  conform  to  the  2001 financial
      statement presentation.


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  $1 and $103 of
      container acquisition fees as a  component of container   costs during the
      nine-month  periods  ended  September 30, 2001 and 2000, respectively. The
      Partnership incurred $71 and $269 of incentive management  fees during the
      three and nine-month periods ended September  30, 2001,  respectively, and
      $100 and $300, respectively, for  the  comparable  periods  in 2000. 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, 2001 and December 31, 2000.

      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 $235 and $747 for the three and nine-month periods ended September
      30,  2001,   respectively,  and $294   and  $913,  respectively,  for  the
      comparable periods in 2000. The Partnership's container fleet is leased by
      TEM to third party lessees on operating master  leases, spot  leases, term
      leases and direct finance leases. The  majority  of the container fleet is
      leased under operating master leases   with limited  terms and no purchase
      option.

      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, 2001 and 2000 were as follows:

                                     Three months                 Nine months
                                    ended Sept. 30,              ended Sept. 30,
                                    ---------------              ---------------
                                    2001       2000             2001        2000
                                    ----       ----             ----        ----

      Salaries                      $110       $115             $336        $344
      Other                           61        120              230         327
                                     ---        ---              ---         ---
        Total general and
          administrative costs      $171       $235             $566        $671
                                     ===        ===              ===         ===

      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,
      2001 and 2000:

                                    Three months                 Nine months
                                   ended Sept. 30,              ended Sept. 30,
                                   ---------------              ---------------
                                   2001       2000              2001       2000
                                   ----       ----              ----       ----

      TEM                          $148       $195              $491       $569
      TFS                            23         40                75        102
                                    ---        ---               ---        ---
        Total general and
          administrative costs     $171       $235              $566       $671
                                    ===        ===               ===        ===

      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. In  addition, the General
      Partners are entitled to an acquisition fee  for any containers  resold to
      the Partnership.

      At September 30, 2001 and December 31, 2000, due from  affiliates, net was
      comprised of:


                                                           2001             2000
                                                           ----             ----
      Due from affiliates:
         Due from TEM........................              $486             $758
                                                                             ---

      Due to affiliates:
         Due to TFS..........................                31               41
         Due to TCC..........................                13               12
         Due to TL...........................                 1                1
                                                            ---              ---
                                                             45               54
                                                            ---              ---

      Due from affiliates, net                             $441             $704
                                                            ===              ===

      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 sales proceeds from TEM.


Note 3.   Container Rental Equipment Write-Down

      New container prices declined from  1995  through 1999. Although container
      prices  increased  in  2000,  these  prices  declined  again in 2001. 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,  2001  and  2000  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 to sell.
      During  the  nine-month periods  ended  September  30, 2001 and 2000,  the
      Partnership recorded write-down expenses of $181 and  $224,  respectively,
      on 336 and 304 containers identified as for sale and  requiring a reserve.
      During the  three-month  periods  ended  September 30, 2001  and 2000, the
      Partnership recorded write-down expenses of $95 and  $73, respectively, on
      169 and 104 containers identified as for sale  and  requiring  reserve. At
      September 30, 2001 and 2000, the net book value of 199  and 140 containers
      identified as for sale was $339 and $246, respectively.

      The Partnership sold 284 of these previously written down containers for a
      loss of $25 during the nine- month period   ended September 30, 2001,  and
      sold 289 previously written down containers for a loss of $10   during the
      same period in 2000. During  the three-month  period   ended September 30,
      2001,the Partnership sold 163 of these previously written  down containers
      for a loss of $17 and sold 124  previously written down   containers for a
      loss of $2 during the same period in 2000. 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, primarily due to  unexpected  declines  in  the container
      prices.

      The Partnership also sold  containers that had  not been  written down and
      recorded a gain of $40 and a loss of  $14  during the  nine-month  periods
      ended September 30, 2001 and  2000, respectively. During  the  three-month
      periods ended September 30, 2001 and 2000, the Partnership recorded a gain
      of $54 and a loss of $60, respectively, on the sale of containers that had
      not been written down.

      If more containers are subsequently identified   for sale or if  container
      sales prices   continue to 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  and/or an   increase in its
      depreciation rate may be required in future periods for some or all of its
      container rental equipment.
<TABLE>
<CAPTION>

Note 4.   Redemptions

      The following redemptions were consummated  by the  Partnership during the
      nine-month periods ended September 30, 2001 and 2000:

                                                             Units              Average
                                                           Redeemed         Redemption Price            Amount Paid
                                                           --------         -----------------           -----------
<S>                                                           <C>                 <C>                        <C>
      Total  Partnership  redemptions as of
       December31, 1999........................              52,113              $12.13                    $  632

      Quarter ended:
           September 30, 2000......................          21,780              $ 8.59                       187
                                                            -------                                           ---

      Partnership through September 30,
      2000.........................................          73,893              $11.08                    $  819
                                                            =======                                           ===



      Total Partnership redemptions as of
       December 31, 2000.......................             103,775              $10.32                    $1,071

      Quarter ended:
           March 31, 2001..........................          19,662              $ 8.57                       169
           September 30, 2001......................           6,400              $ 7.74                        49
                                                            -------                                           ---


      Partnership through September 30,
      2001.........................................         129,837              $ 9.94                    $1,289
                                                            =======                                         =====

      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  as of and  for  the  three  and
nine-month  periods  ended  September  30,  2001 and 2000.  Please  refer to the
Financial  Statements  and  Notes  thereto  in  connection  with  the  following
discussion.

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.

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,
2001, the  Partnership  redeemed 26,062 units for a total dollar amount of $218.
The Partnership used cash flow from operations to pay for the redeemed units.

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.  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.  The  limited  partners'
distribution  percentage was reduced from 7% to 5% starting in July 2001. During
the nine-month  period ended September 30, 2001, the  Partnership  declared cash
distributions  to limited  partners  pertaining to the period from December 2000
through August 2001, in the amount of $6,612.  On a cash basis,  $5,533 of these
distributions  was from current year operating  activities and the remainder was
from cash provided by previous years'  operations that had not been  distributed
or used to purchase  containers or redeem units.  On a GAAP basis,  all of these
distributions were a return of capital.

At  September  30,  2001,  the   Partnership  had  no  commitments  to  purchase
containers.

Net cash  provided by operating  activities  for the  nine-month  periods  ended
September 30, 2001 and 2000 was $5,821 and $8,163, respectively. The decrease of
$2,342,  or 29%, was  primarily  attributable  to the decrease in net  earnings,
adjusted for non-cash  transactions and fluctuations,  offset by fluctuations in
accounts receivable. Net earnings, adjusted for non-cash transactions, decreased
primarily due to the decrease in rental income and increase in direct  container
expenses.   These   fluctuations   are  discussed  more  fully  in  "Results  of
Operations". The decrease in accounts receivable of $1,127 during 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.
The decrease in accounts receivable of $460 during the comparable period in 2000
was primarily due to the decrease in the average  collection  period of accounts
receivable.

For the  nine-month  period ended  September 30, 2001 and 2000, net cash used in
investing  activities  (the purchase and sale of  containers)  was $26 and $539,
respectively.  The  fluctuation of $513 was due to the decrease in cash used for
container purchases and the decrease in proceeds from container sales. Cash used
for  container  purchases  decreased  due to the  Partnership  purchasing  fewer
containers at a lower average cost, offset by timing  differences in the accrual
and payment of these  purchases.  Proceeds from container sales decreased due to
the  decrease  in the number of  containers  sold and a decrease  in the average
sales price  received on containers  sold,  offset by timing  differences in the
accrual and receipt of these  proceeds.  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 market conditions improve
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.  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 net of 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,
2001 and  2000,  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:

                                                           2001             2000
                                                           ----             ----

          Beginning container fleet...............       33,062           32,876
          Ending container fleet..................       32,358           32,802
          Average container fleet.................       32,710           32,839

The slight decline in the average  container  fleet from the  nine-month  period
ended  September 30, 2000 to the comparable  period in 2001 was 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 will fluctuate due to timing  differences in the purchase and
sale of containers and fluctuations in container sale and purchase prices during
these periods.

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 63% and 78% on average during the nine-months
ended September 30, 2001 and 2000, respectively.  In addition,  rental income is
affected by daily rental rates.


The  following is a comparative  analysis of the results of  operations  for the
nine-month periods ended September 30, 2001 and 2000.

The  Partnership's  (loss) income from  operations  for the  nine-month  periods
ending  September  30,  2001 and 2000 was ($670) and  $2,232,  respectively,  on
rental  income of $10,705  and  $13,144,  respectively.  The  decrease in rental
income of $2,439, or 19%, from the nine-month period ended September 30, 2000 to
the comparable  period in 2001 was attributable to decreases in container rental
income  offset by an  increase in other  rental  income.  Income from  container
rentals,  the  major  component  of total  revenue,  decreased  $2,627,  or 22%,
primarily due to the decrease in average on-hire  utilization of 18% between the
periods.

In the fourth quarter of 2000, utilization began to decline and has continued to
decline  through the end of the third  quarter of 2001.  This decline was due to
lower overall demand by shipping lines for leased containers, which is primarily
a result  of the  worldwide  economic  slowdown.  The  effects  of the  economic
slowdown on shipping  have been  heightened by the recent  curtailment  in world
trade,  caused by the after-effects of the September 11 terrorist attacks.  This
curtailment  in world trade has caused  some  shipping  lines to reduce  service
levels along certain  routes  which,  of course,  may further  weaken demand for
containers.  Two other  factors  are  currently  reducing  the demand for leased
containers.  Shipping  lines have added larger  vessels to their  fleets,  which
combined  with lower  cargo  volume  growth,  has 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 capacity for
the shipping lines.  This increase in capacity amounted to 12% this year, and an
additional  increase in capacity is  expected  next year,  because the  shipping
lines placed orders for additional ships and containers  before  recognizing the
slowdown in world  trade.  To the extent that this  increased  capacity  remains
underutilized, shipping lines may seek to cut costs in order to sustain profits,
which  may put  further  downward  pressure  on  demand  for  containers  and/or
container rental rates.

As a result of the lower  demand,  the trade  imbalance  between  Asia and North
America and Asia and Europe has eased slightly.  Combined with the excess vessel
capacity,  these  factors  have made it easier,  although not  necessarily  less
expensive,  to  reposition  containers.   During  the  nine-month  period  ended
September 30, 2001, the Partnership was able to reposition newer containers from
low demand locations in North America to historically higher demand locations in
Asia.  As a  consequence,  the build-up of containers  in North  America,  which
persisted over the past several years, has eased.

Nevertheless,  the Partnership  continues to sell (rather than  reposition) some
containers  located in low demand locations.  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 during the  nine-month
periods ended  September 30, 2001 and 2000 were older  containers.  The expected
economic  benefit of continuing to own these containers was  significantly  less
than that of newer  containers.  This was 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 to their estimated fair
value,  which was  based on  recent  sales  prices  less  cost of sales.  Due to
unanticipated  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 increase its depreciation rate or
write-down the value of some or all of its container rental equipment.

Despite  the  decline in demand for leased  containers  discussed  above and the
decline in new container  purchase  prices,  the  stabilization of rental rates,
which began during 2000, has continued in 2001. Until such time as the worldwide
economies  improve,  particularly  those of the United  States and  Europe,  the
uncertainties caused by the September 11 terrorist attacks have been diminished,
and cargo  volumes  increase  to the point  where this  year's 12%  increase  in
worldwide vessel capacity is absorbed,  there may be no significant improvements
in utilization.

The  General  Partners  do not  foresee  material  changes  in  existing  market
conditions for the near term. Should there be a worldwide recession,  demand for
leased  containers  could decline further and result in a decline in lease rates
and  further  declines in  utilization  and  container  sale  prices,  adversely
affecting the Partnership's operating results.

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,
2001,  the total of these other rental  income items was $1,460,  an increase of
$188 from the equivalent period in 2000. The increase in other rental income was
primarily  due to  increases  in  location  and  DPP  income  of $280  and  $27,
respectively,  offset by a decrease in handling  income of $120. The increase in
location  income was due to an increase in charges to lessees for  dropping  off
containers in certain  locations and the decrease in credits  granted to lessees
for picking up containers from surplus locations. DPP income increased due to an
increase in the average DPP price charged per container  offset by a decrease in
the numbers of containers  carrying  DPP.  Handling  income  declined due to the
decrease in  container  movement  offset by an increase in handling  charged per
container during the nine-month  period ended September 30, 2001 compared to the
equivalent period in 2000.

Direct  container  expenses  increased  $891, or 25% from the nine-month  period
ending  September 30, 2000, to the equivalent  period in 2001,  primarily due to
increases  in  storage,  DPP and  maintenance  expenses  of  $884,  $98 and $61,
respectively,  offset by decreases in handling and repositioning  expense of $82
and $60, respectively.  Storage expense increased due to the decrease in average
utilization  noted above and a higher average  storage cost per  container.  DPP
expense  increased due to an increase in average DPP repair cost per  container,
offset by a decrease in the number of containers covered under DPP.  Maintenance
expense  increased  due to an  increase  in the number of  containers  requiring
maintenance.  The decline in handling  expense was primarily due to a decline in
container  movement.  Repositioning  expense  decreased due to a decrease in the
number of containers repositioned,  offset by an increase in the average cost of
repositioning containers

Bad debt benefit  decreased from $67 for the nine-month  period ended  September
30,  2000 to $23 for the  comparable  period in 2001.  The  decline was due to a
lower required  adjustment to bad debt reserve at September 30, 2001 compared to
the same period at 2000.

Depreciation  expense was  comparable at $5,047 and $5,093 during the nine-month
periods ended September 30, 2001 and 2000, respectively.

New container prices declined from 1995 through 1999.  Although container prices
increased in 2000, these prices declined again in 2001. 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, 2001 and 2000 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 to sell.  During the
nine-month  periods ended September 30, 2001 and 2000, the Partnership  recorded
write-down  expenses of $181 and $224,  respectively,  on 336 and 304 containers
identified as for sale and requiring a reserve.  At September 30, 2001 and 2000,
the net book value of 199 and 140 containers identified as for sale was $339 and
$246, respectively.

The Partnership sold 284 of these previously  written down containers for a loss
of $25 during the nine-month period  ended   September  30,  2001,  and sold 289
previously  written down  containers for a loss of $10 during the same period in
2000. 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,  primarily  due to  unexpected
declines in the container prices.

The Partnership also sold containers that had not been written down and recorded
a gain of $40 and a loss of $14 during the  nine-month  periods ended  September
30, 2001 and 2000, respectively.

If more  containers are  subsequently  identified for sale or if container sales
prices continue to 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 and/or an increase in its depreciation  rate may be required in future
periods for some or all of its container rental equipment.

Management fees to affiliates decreased $197, or 16%, from the nine-month period
ended September 30, 2000 to the comparable  period in 2001, due to the decreases
in equipment and incentive management fees. The decrease in equipment management
fees, which are based primarily on gross revenue,  resulted from the decrease in
rental  income.  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 $31 due to the decrease in the limited  partner  distribution
percentage from 7% to 5% of initial partners' capital starting in July 2001.

General and administrative  costs to affiliates decreased $105, or 16%, from the
nine-month  period ended  September 30, 2000 to the  comparable  period in 2001,
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 loss  of $24  during  the
nine-month  period ended  September 30, 2000 to a gain of $15 for the comparable
period in 2001. The  fluctuation  was primarily due to the  Partnership  selling
containers at an average gain during the nine-month  period ending September 30,
2001,  while the Partnership sold containers for an average loss during the same
period in 2000.

Net loss/earnings per limited  partnership unit decreased from earnings of $0.34
to a loss of $0.10 from the  nine-month  period ended  September 30, 2000 to the
same period in 2001,  reflecting the decrease in net loss/earnings  allocated to
limited  partners from earnings of $2,326 to a loss of $659,  respectively.  The
allocation of net loss/earnings  for the nine-month  periods ended September 30,
2001 and 2000  included  a special  allocation  of gross  income to the  General
Partners  of $76 and $51,  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, 2001 and 2000.

The  Partnership's  (loss) income from  operations for the  three-month  periods
ending September 30, 2001 and 2000 was ($289) and $643, respectively,  on rental
income of $3,362 and $4,318,  respectively.  The  decrease  in rental  income of
$956,  or 22%,  from the  three-month  period  ended  September  30, 2000 to the
comparable  period in 2001 was  attributable  to decreases  in container  rental
income,  offset by an increase in other  rental  income.  Income from  container
rentals  decreased  $1,247,  or 31%,  primarily  due to the  decrease in average
on-hire utilization of 28%.

Other rental  income was $586 for the  three-month  period ended  September  30,
2001, an increase of $291 from the  equivalent  period in 2000. The increase was
primarily  due to  increases  in  location  and  DPP  income  of $237  and  $95,
respectively,  offset by a decrease in handling  income of $42.  The increase in
location  income was primarily  due to a decrease in credits  granted to lessees
for  picking up  containers  in certain  locations  and the  decrease in credits
granted to lessees for picking up containers from surplus locations.  DPP income
increased  due to an increase in the  average  DPP price  charged per  container
offset by a decrease in the numbers of  containers  carrying DPP. DPP income was
also  higher  in 2001 due to a refund  of $113 to one  lessee as a result of the
lessee  canceling their DPP coverage in July,  2000.  Handling income  decreased
primarily due to a decrease in container movement,  offset by an increase in the
average handling charge per container

Direct  container  expenses  increased $245 or 22% from the  three-month  period
ending  September 30, 2000, to the  equivalent  period in 2001. The increase was
primarily  due to  increases  in  storage  and DPP  expenses  of $399 and  $178,
respectively,  offset by decreases in  repositioning,  handling and  maintenance
expense of $270, $57 and $11, respectively. Storage expense increased due to the
decrease in average utilization noted above and higher average storage costs per
container. DPP expense was higher in 2001 primarily due to the reduction of $187
in the DPP  reserve  in the  third  quarter  of 2000,  as a  result  of a lessee
canceling ther DPP coverage as mentioned above.  Repositioning expense decreased
due to a  decrease  in the  number  of  containers  repositioned,  offset  by an
increase in the  average  cost of  repositioning  containers.  Handling  expense
decreased primarily due to a decline in container movement.  Maintenance expense
decreased  primarily  due to a  decrease  in the  average  maintenance  cost per
container.

Bad debt expense  increased from $14 for the three-month  period ended September
30, 2000 to $24 for the  comparable  period in 2001.  The  increase was due to a
higher required adjustment to bad debt reserve at September 30, 2001 compared to
the same period at 2000.

Depreciation  expense  decreased $35, or 2%, from the  three-month  period ended
September  30,  2000  to the  comparable  period  in 2001  primarily  due to the
decrease in fleet size.

During  the  three-month   periods  ended  September  30,  2001  and  2000,  the
Partnership  recorded write-down expenses of $95 and $73,  respectively,  on 169
and 104  containers  identified as for sale and requiring a reserve.  During the
three-month  period ended September 30, 2001 the  Partnership  sold 163 of these
previously  written down  containers  for a loss of $17 and sold 124  previously
written  down  containers  for a loss of $2 during the same period in 2000.  The
Partnership  also sold  containers  that had not been  written down and recorded
gains of $54 and a loss of $60 during the  three-month  periods ended  September
30, 2001 and 2000, respectively.

Management fees to affiliates decreased $88, or 22%, from the three-month period
ended September 30, 2000 to the comparable  period in 2001, due to the decreases
in equipment and incentive  management fee. The decrease in equipment management
fees, which are based primarily on gross revenue,  resulted from the decrease in
rental  income.  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 $29 due to the decrease in the limited  partner  distribution
percentage from 7% to 5% of initial partners' capital starting in July 2001.

General and administrative  costs to affiliates  decreased $64, or 27%, from the
three-month  period ended  September 30, 2000 to the comparable  period in 2001,
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 loss  of $62  during  the
three-month  period ended September 30, 2000 to a gain of $37 for the comparable
period in 2001. The  fluctuation  was primarily due to the  Partnership  selling
containers at an average gain during the three-month period ending September 30,
2001,  while the Partnership sold containers for an average loss during the same
period in 2000.

Net earnings per limited  partnership  unit decreased from earnings of $0.10 for
the three-month  period ended September 30, 2000 to a loss of $0.04 for the same
period in 2001,  reflecting  the decrease in net  earnings  allocated to limited
partners from earnings of $682 to a loss of $292,  respectively.  The allocation
of net  earnings  (loss)  included a special  allocation  of gross income to the
General Partners in accordance with the Partnership Agreement.

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 debt,  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.

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.

<PAGE>
<TABLE>
<CAPTION>

                                   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
                             Senior Vice President


Date: November 13, 2001

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>

________________________                 Senior Vice President,                         November 13, 2001
Ernest J. Furtado                        (Principal Financial and
                                         Accounting Officer) and
                                         Secretary




________________________                 President (Principal Executive                 November 13, 2001
John A. Maccarone                        Officer)

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<CAPTION>





                                   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
                             Senior Vice President


Date: November 13, 2001



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
_____________________________            Senior Vice President,                         November 13, 2001
Ernest J. Furtado                        (Principal Financial and
                                         Accounting Officer) and
                                         Secretary



/s/John A. Maccarone
_____________________________            President (Principal Executive                 November 13, 2001
John A. Maccarone                        Officer)

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