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


May 11, 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
First Quarter ended March 31, 2001.

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 March 31, 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 March 31, 2001

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

                                                                            Page

<S>                                                                          <C>

Item 1.   Financial Statements

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


          Statements of Operations for the three months
          ended March 31, 2001 and 2000 (unaudited).....................       4


          Statements of Partners' Capital for the three months
          ended March 31, 2001 and 2000 (unaudited).....................       5


          Statements of Cash Flows for the three months
          ended March 31, 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

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

                                                                                2001                    2000
                                                                          ----------------        ----------------
<S>                                                                             <C>                      <C>
Assets
Container rental equipment, net of accumulated
   depreciation of $51,550, (2000:  $50,184) (note 3)                     $        61,271         $        63,447
Cash                                                                                2,291                   3,183
Accounts receivable, net of allowance for doubtful
   accounts of $270, (2000:  $323)                                                  3,238                   3,632
Due from affiliates, net (note 2)                                                     527                     704
Prepaid expenses                                                                       10                      17
                                                                          ----------------        ----------------

                                                                          $        67,337         $        70,983
                                                                          ================        ================

Liabilities and Partners' Capital
Liabilities:
   Accounts payable                                                       $           764         $           620
   Accrued liabilities                                                                381                     417
   Accrued damage protection plan costs                                               321                     366
   Warranty claims                                                                    339                     354
   Accrued recovery costs                                                             232                     219
   Deferred quarterly distributions                                                   116                     121
   Container purchases payable                                                          -                   1,098
                                                                          ----------------        ----------------

      Total liabilities                                                             2,153                   3,195
                                                                          ----------------        ----------------

Partners' capital:
   General partners                                                                     -                       -
   Limited partners                                                                65,184                  67,788
                                                                          ----------------        ----------------

      Total partners' capital                                                      65,184                  67,788
                                                                          ----------------        ----------------


                                                                          $        67,337         $        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 months ended March 31, 2001 and 2000
(Amounts in thousands except for unit and per unit amounts)
(unaudited)
---------------------------------------------------------------------------------------------------------

                                                                             2001               2000
                                                                       ---------------    ---------------
<S>                                                                         <C>                 <C>
Rental income                                                          $        3,878     $        4,431
                                                                       ---------------    ---------------

Costs and expenses:
   Direct container expenses                                                    1,592              1,255
   Bad debt (benefit) expense                                                      (6)                37
   Depreciation                                                                 1,698              1,701
   Write-down of containers (note 3)                                               36                 47
   Professional fees                                                               10                 18
   Management fees to affiliates (note 2)                                         368                410
   General and administrative costs to affiliates (note 2)                        206                217
   Other general and administrative costs                                          40                 39
   Loss on sale of containers                                                      28                  3
                                                                       ---------------    ---------------

                                                                                3,972              3,727
                                                                       ---------------    ---------------

   (Loss) income from operations                                                  (94)               704
                                                                       ---------------    ---------------

Other income:
   Interest income                                                                 39                 44
                                                                       ---------------    ---------------

                                                                                   39                 44
                                                                       ---------------    ---------------

   Net (loss) earnings                                                 $          (55)    $          748
                                                                       ===============    ===============

Allocation of net (loss) earnings (note 2):
   General partners                                                    $           25     $           25
   Limited partners                                                               (80)               723
                                                                       ---------------    ---------------

                                                                       $          (55)    $          748
                                                                       ===============    ===============
Limited partners' per unit share
   of net (loss) earnings                                              $        (0.01)    $         0.11
                                                                       ===============    ===============

Limited partners' per unit share
   of distributions                                                    $         0.35     $         0.35
                                                                       ===============    ===============

Weighted average number of limited
   partnership units outstanding                                            6,722,466          6,793,790
                                                                       ===============    ===============

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 three months ended March 31, 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                                                                  (25)              (2,378)              (2,403)

Net earnings                                                                    25                  723                  748
                                                                     --------------     ----------------     ----------------

Balances at March 31, 2000                                           $           -      $        72,982      $        72,982
                                                                     ==============     ================     ================

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

Distributions                                                                  (25)              (2,355)              (2,380)

Redemptions (note 4)                                                             -                 (169)                (169)

Net loss                                                                        25                  (80)                 (55)
                                                                     --------------     ----------------     ----------------

Balances at March 31, 2001                                           $           -      $        65,184      $        65,184
                                                                     ==============     ================     ================

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 three months ended March 31, 2001 and 2000
(Amounts in thousands)
(unaudited)
------------------------------------------------------------------------------------------------------------------------

                                                                                           2001               2000
                                                                                     ----------------   ----------------
<S>                                                                                         <C>               <C>

Cash flows from operating activities:
   Net (loss) earnings                                                               $           (55)   $           748
   Adjustments to reconcile net earnings to
      net cash provided by operating activities:
       Depreciation                                                                            1,698              1,701
       Write-down of containers (note 3)                                                          36                 47
       (Decrease) increase in allowance for doubtful accounts                                    (53)                34
       Loss on sale of containers                                                                 28                  3
       (Increase) decrease in assets:
            Accounts receivable                                                                  470                233
            Due from affiliates, net                                                             106               (190)
            Prepaid expenses                                                                       7                  7
       Increase (decrease) in liabilities:
            Accounts payable and accrued liabilities                                             108                 80
            Accrued recovery costs                                                                13                 10
            Accrued damage protection plan costs                                                 (45)               (28)
            Warranty claims                                                                      (15)               (15)
                                                                                     ----------------   ----------------


               Net cash provided by operating activities                                       2,298              2,630
                                                                                     ----------------   ----------------

Cash flows from investing activities:
   Proceeds from sale of containers                                                              378                331
   Container purchases                                                                        (1,014)                (1)
                                                                                     ----------------   ----------------

              Net cash (used in) provided by investing activities                               (636)               330
                                                                                     ----------------   ----------------

Cash flows from financing activities:
    Redemptions of limited partnership units                                                    (169)                 -
    Distributions to partners                                                                 (2,385)            (2,404)
                                                                                     ----------------   ----------------

               Net cash used in financing activities                                          (2,554)            (2,404)
                                                                                     ----------------   ----------------

Net (decrease) increase in cash                                                                 (892)               556

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

Cash at end of period                                                                $         2,291    $         3,216
                                                                                     ================   ================



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--Continued

For the three months ended March 31, 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 March  31,  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
three-month periods ended March 31, 2001 and 2000.

                                                               Mar. 31       Dec. 31          Mar. 31        Dec. 31
                                                                2001           2000            2000           1999
                                                             -----------    -----------    -------------    ----------
<S>                                                              <C>             <C>            <C>           <C>
Container purchases included in:
     Due to affiliates..............................             $   -        $    -             $ (1)         $   -
     Container purchases payable....................                 -         1,098                -              -

Distributions to partners included in:
     Due to affiliates..............................                 8             8                9              9
     Deferred quarterly distributions...............               116           121              126            127

Proceeds from sale of containers included in:
     Due from affiliates............................               182           253              253            270

The following table summarizes the amounts of container purchases,  distribution
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
three-month periods ended March 31, 2001 and 2000.


                                                                                                 2001           2000
                                                                                                 ----           ----

Container purchases recorded......................................................             $  (84)         $   -
Container purchases paid..........................................................              1,014              1

Distributions to partners declared................................................              2,380          2,403
Distributions to partners paid....................................................              2,385          2,404

Proceeds from sale of containers recorded.........................................                307            314
Proceeds from sale of containers received.........................................                378            331

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 three months ended
March 31, 2001 and 2000 were $23 and $103, 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 months ended March 31, 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 March 31,  2001 and  December  31, 2000  and the
      results of its operations, changes in partners' capital and cash flows for
      the three-month periods ended March 31, 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,  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. There were no  container acquisition  fees
      capitalized during the three-month  periods ended March 31, 2001 and 2000.
      The Partnership incurred $99 and $100 of  incentive management fees during
      the three-month  periods ended March 31,  2001 and 2000, respectively.  No
      equipment liquidation fees were 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
      March 31, 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 $269 and $310 for the three-month periods ended March 31, 2001 and
      2000, respectively. 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-month
      periods ended March 31, 2001 and 2000 were as follows:

                                                       2001         2000
                                                       ----         ----
               Salaries                                $116         $116
               Other                                     90          101
                                                        ---          ---
                 Total general and
                    administrative costs               $206         $217
                                                        ===          ===

      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-month periods ended March 31, 2001 and 2000:

                                                       2001         2000
                                                       ----         ----
               TEM                                     $178         $187
               TFS                                       28           30
                                                        ---          ---
                 Total general and
                    administrative costs               $206         $217
                                                        ===          ===

      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  March  31, 2001 and December 31,  2000, due from affiliates, net  was
      comprised of:

                                                           2001            2000
                                                           ----            ----
      Due from affiliates:
        Due from TEM...................................    $591            $758
                                                            ---             ---

      Due to affiliates:
        Due to TFS.....................................      42              41
        Due to TCC.....................................      21              12
        Due to TL......................................       1               1
                                                            ---             ---
                                                             64              54
                                                            ---             ---

      Due from affiliates, net                             $527            $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
      and fees  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 the  beginning of
      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 March 31, 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 three-month
      periods ended March 31, 2001 and 2000, the Partnership recorded write-down
      expenses of  $36 and $47, respectively on  72 and 65 containers identified
      as for sale and requiring a reserve. At  March 31, 2001 and 2000,  the net
      book  value  of  containers  identified  as  for sale  was $335  and $202,
      respectively.

      The Partnership sold  37 of these previously written down containers for a
      loss of $4 during  the  three-month period ended  March 31, 2001, and sold
      84 previously  written  down containers for  a  loss of $9 during the same
      period of 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  (gains)/losses  of $24 and  ($6)  during  the three-months ended
      March 31, 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.

Note 4.   Redemptions
<TABLE>
<CAPTION>

      The following  redemptions were  consummated by the Partnership during the
      three-month period ended March 31, 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


      Quarter ended:
           March 31, 2001.......................             19,662              $ 8.57                     169
                                                            -------                                       -----



      Partnership through March 31, 2001........            123,437              $10.05                  $1,240
                                                            =======                                       =====

      There were no  redemptions  during the  three-month period ended March 31,
      2000. 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-month periods
ended March 31, 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. The Partnership redeemed 19,662 units for a total
dollar amount of $169. 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 7% of their original  investment.  During the three-month period
ended March 31, 2001, the  Partnership  declared cash  distributions  to limited
partners  pertaining to the period from December 2000 through  February 2001, in
the amount of $2,355.  On a cash basis,  $2,104 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. If existing market conditions persist or if market conditions
further decline, the Partnership may reduce its distribution payments.

At March 31, 2001, the Partnership had no commitments to purchase containers.

Net cash  provided by operating  activities  for the  three-month  periods ended
March 31, 2001 and 2000 was $2,298 and  $2,630,  respectively.  The  decrease of
$332,  or 13%,  was  primarily  attributable  to the  decrease in net  earnings,
adjusted  for  non-cash  transactions,   offset  by  fluctuations  in  due  from
affiliates,  net and 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 fluctuations in due from affiliate,  net,
resulted  from timing  differences  in the payment of expenses  and fees and the
remittance of net rental revenues and sales  proceeds.  The decrease in accounts
receivable of $470 for the three-month period ended March 31, 2001 was primarily
due to the decrease in rental  income and the  write-off of certain  receivables
that had  previously  been reserved for. The decrease in accounts  receivable of
$233 for the comparable  period in 2000 was primarily due to the decrease in the
average collection period of accounts receivable.

For the  three-month  period  ended March 31,  2001,  net cash used in investing
activities  (the purchase and sale of containers)  was $636 compared to net cash
provided by investing  activities of $330 for the same period in 2000.  Net cash
used in investing activities increased $966 due to the increase in cash used for
container purchases, partially offset by the increase in proceeds from container
sales.  Cash used for  container  purchases  increased  primarily as a result of
timing  differences in the accrual and payment of these purchases.  The increase
in  proceeds  from  container  sales  was due to the  Partnership  selling  more
containers  during  the  three-month  period  ended  March 31,  2001 than in the
equivalent  period in 2000. This increase was partially  offset by lower average
sales prices received on containers  during the  three-month  period ended March
31,  2001  compared  to the same period in 2000.  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  conditions
improve, the Partnership plans to continue to sell some of its containers in low
demand  locations.  The number of containers  sold, both in low demand locations
and elsewhere, as well as the amount of sales proceeds, 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.

Results of Operations

The  Partnership's  income from operations,  which consists  primarily of rental
income, container depreciation,  direct container expenses, management fees, and
reimbursement of administrative expenses was directly related to the size of the
container fleet during the three-month periods ended March 31, 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..................     32,839     32,651
                 Average container fleet.................     32,951     32,764

The slight  increase in the average  container  fleet was due to the Partnership
having  purchased more containers than it sold since March 31, 2000.  Generally,
sales  proceeds  are used to  purchase  additional  containers,  however,  fewer
containers  are bought than sold as used  container  sales prices are 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. The
increase in the average container fleet from the three-month  period ended March
31, 2000 to the  comparable  period in 2001,  was  primarily due to these timing
differences.

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
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 69% and 76% on average during the three months
ended March 31,  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
three-month periods ended March 31, 2001 and 2000.

The  Partnership's  (loss) income from  operations for the  three-month  periods
ending  March 31,  2001 and 2000 was ($94)  and  $704,  respectively,  on rental
income of $3,878 and $4,431,  respectively.  The  decrease  in rental  income of
$553, or 12%, from the three-month period ended March 31, 2000 to the comparable
period in 2001 was  attributable  to decreases in  container  rental  income and
other rental income. Income from container rentals, the major component of total
revenue,  decreased  $474,  or 12%,  primarily  due to the  decrease  in average
on-hire utilization of 9%.

In the fourth quarter of 2000, utilization began to decline and has continued to
decline  through the first  quarter of 2001.  This decline was  primarily due to
lower overall  demand for leased  containers  as a result of the slowing  United
States  economy and the resulting  decline in exports out of Asia.  The price of
new  containers  also declined in 2001,  reflecting,  in part,  lower demand for
containers.

As a result of the lower  demand,  the trade  imbalance  between  Asia and North
America has eased and vessel  capacity  has become  available.  During the first
quarter of 2001, the  Partnership was able to reposition a large amount of newer
containers from low demand locations in North America to higher demand locations
in Asia. As a consequence,  the build-up of containers in North  America,  which
persisted in the past several years, has significantly eased.

Nevertheless,  the Partnership  continues to sell 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 2000 and 2001 were older  containers as
the  expected  economic  benefit  of  continuing  to own  these  containers  was
significantly less than that of newer containers  primarily due to their shorter
remaining marine life, the cost to reposition containers and the shipping lines'
preference for leasing newer containers when demand is low.

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. 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 declines in demand for leased  containers  and new  container  sales
prices discussed above,  the  stabilization of rental rates,  which began during
2000,  has  continued  into the first  quarter  of 2001.  Although  the  General
Partners do not foresee material  changes in existing market  conditions for the
near term, they are cautiously optimistic that lease rates may remain stable and
utilization  may  stabilize  or improve  slightly  as the peak  shipping  season
begins.

However,  the General Partners  caution that 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 three-month  period ended March 31, 2001,
the total of these other  rental  income  items was $464, a decrease of $79 from
the  equivalent  period in 2000.  The decrease was primarily due to decreases in
DPP and handling income of $51, and $41, respectively.  DPP income decreased due
to a decrease in the number of containers carrying DPP, offset by an increase in
the average DPP price charged per container.  Handling income decreased due to a
decrease in the average  handling  price charged per container and a decrease in
container movement.

Direct  container  expenses  increased $337, or 27% from the three-month  period
ending  March 31,  2000,  to the  equivalent  period in 2001,  primarily  due to
increases in repositioning and storage expenses of $182 and $157,  respectively.
Repositioning  expense  increased due to an increase in the number of containers
repositioned  during the three-month period ended March 31, 2001 compared to the
same period in 2000.  Storage  expense  increased due to the decrease in average
utilization noted above and a higher average storage cost per container.

Bad debt expense  decreased from an expense of $37 from the  three-month  period
ended  March 31,  2000 to a  benefit  of $6 for the  comparable  period in 2001,
primarily due to a smaller required reserve during the three-month  period ended
March 31, 2001 than in the same period in 2000.

Depreciation  expense was comparable at $1,698 and $1,701 during the three-month
periods ended March 31, 2001 and 2000, respectively.

New container prices declined from 1995 through 1999.  Although container prices
increased in 2000,  these prices  declined  again in the beginning of 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 March  31,  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 three-month periods ended March 31, 2001 and 2000,
the Partnership recorded write-down expenses of $36 and $47,  respectively on 72
and 65 containers  identified as for sale and requiring a reserve.  At March 31,
2001 and 2000, the net book value of containers  identified as for sale was $335
and $202, respectively.

The Partnership sold 37 of these  previously  written down containers for a loss
of $4 during the three-month period ended March 31, 2001, and sold 84 previously
written  down  containers  for a loss of $9 during the same period of 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
(gains)/losses of $24 and ($6) during the three-months  ended March 31, 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 $42, or 10%, from the three-month period
ended  March 31,  2000 to the  comparable  period in 2001,  due to a decrease in
equipment  management fees. The decrease in equipment management fees, which are
based  primarily on gross  revenue,  resulted from the decrease in rental income
and  were  approximately  7%  of  rental  income  for  both  periods.  Incentive
management fees were  comparable at $99 and $100 during the three-month  periods
ended March 31, 2001 and 2000, respectively.

General and  administrative  costs to affiliates  decreased $11, or 5%, from the
three-month  period  ended  March  31,  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.

Loss on sale of containers  increased  $25, from $3 to $28 from the  three-month
period ended March 31, 2000 to the comparable period in 2001, respectively.  The
increase  was  primarily  due to the  Partnership  selling more  containers  and
incurring  greater  average  losses on the sale of these  containers  during the
three-month period ended March 31, 2001 than in the same period in 2000.

Net loss/earnings per limited  partnership unit decreased from earnings of $0.11
to a loss of $0.01 from the three-month  period ended March 31, 2000 to the same
period in 2001,  reflecting  the decrease in net  earnings  allocated to limited
partners from earnings of $723 to a loss of $80, respectively. The allocation of
net  loss/earnings  for the  three-month  periods  ended March 31, 2001 and 2000
included a special allocation of gross income to the General Partners of $25 and
$18, respectively, 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.  The General  Partners are not
aware of any conditions as of March 31, 2001,  which would result in such a risk
materializing.

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:  May 11, 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,                         May 11, 2001
Ernest J. Furtado                        (Principal Financial and
                                         Accounting Officer) and
                                         Secretary




________________________                 President (Principal Executive                 May 11, 2001
John A. Maccarone                        Officer)

</TABLE>
<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 /s/Ernest J. Furtado
                                    ________________________________
                                    Ernest J. Furtado
                                    Senior  Vice President


Date:  May 11, 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,                         May 11, 2001
Ernest J. Furtado                        (Principal Financial and
                                         Accounting Officer) and
                                         Secretary



/s/John A. Maccarone
___________________________              President (Principal Executive                 May 11, 2001
John A. Maccarone                        Officer)

</TABLE>