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


May 12, 2000


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, 2000.

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, 2000


                   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, 2000

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

                                                                                                               Page

<S>                                                                                                              <C>
Item 1.   Financial Statements

          Balance Sheets - March 31, 2000 (unaudited)
          and December 31, 1999.............................................................................    3


          Statements of Earnings for the three months
          ended March 31, 2000 and 1999 (unaudited).........................................................    4


          Statements of Partners' Capital for the three months
          ended March 31, 2000 and 1999 (unaudited).........................................................    5


          Statements of Cash Flows for the three months
          ended March 31, 2000 and 1999 (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>


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

Balance Sheets

March 31, 2000 and December 31, 1999
(Amounts in thousands)
-------------------------------------------------------------------------------------------------------------------
                                                                                 2000                    1999
                                                                           ----------------        ----------------
                                                                              (unaudited)
<S>                                                                             <C>                      <C>

Assets
Container rental equipment, net of accumulated
   depreciation of $46,602, (1999:  $45,244) (note 4)                      $        67,094         $        69,262
Cash                                                                                 3,216                   2,660
Accounts receivable, net of allowance for doubtful
   accounts of $783, (1999:  $749)                                                   3,878                   4,042
Due from affiliates, net (note 2)                                                      904                     730
Prepaid expenses                                                                        13                      20
                                                                           ----------------        ----------------

                                                                           $        75,105         $        76,714
                                                                           ================        ================

Liabilities and Partners' Capital
Liabilities:
   Accounts payable                                                        $           573         $           515
   Accrued liabilities                                                                 312                     290
   Accrued recovery costs                                                              196                     186
   Accrued damage protection plan costs                                                516                     544
   Warranty claims                                                                     400                     415
   Deferred quarterly distributions                                                    126                     127
                                                                           ----------------        ----------------

      Total liabilities                                                              2,123                   2,077
                                                                           ----------------        ----------------

Partners' capital:
   General partners                                                                      -                       -
   Limited partners                                                                 72,982                  74,637
                                                                           ----------------        ----------------

      Total partners' capital                                                       72,982                  74,637
                                                                           ----------------        ----------------


                                                                           $        75,105         $        76,714
                                                                           ================        ================

See accompanying notes to financial statements

</TABLE>


<PAGE>

<TABLE>
<CAPTION>


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

Statements of Earnings

For the three months ended March 31, 2000 and 1999
(Amounts in thousands  except for unit and per unit amounts)
(unaudited)
----------------------------------------------------------------------------------------------------
                                                                        2000               1999
                                                                  ---------------    ---------------
<S>                                                                   <C>                 <C>

Rental income                                                     $        4,431     $        4,312
                                                                  ---------------    ---------------

Costs and expenses:
   Direct container expenses                                               1,255              1,223
   Bad debt expense                                                           37                189
   Depreciation                                                            1,701              1,791
   Write-down of containers (note 4)                                          47                249
   Professional fees                                                          18                  9
   Management fees to affiliates (note 2)                                    410                431
   General and administrative costs to affiliates (note 2)                   217                296
   Other general and administrative costs                                     39                 43
                                                                  ---------------    ---------------

                                                                           3,724              4,231
                                                                  ---------------    ---------------

   Income from operations                                                    707                 81
                                                                  ---------------    ---------------

Other income (expense):
   Interest income, net                                                       44                 37
   Loss on sale of containers                                                 (3)               (79)
                                                                  ---------------    ---------------

                                                                              41                (42)
                                                                  ---------------    ---------------

   Net earnings                                                   $          748     $           39
                                                                  ===============    ===============

Allocation of net earnings (note 2):
   General partners                                               $           25     $           32
   Limited partners                                                          723                  7
                                                                  ---------------    ---------------

                                                                  $          748     $           39
                                                                  ===============    ===============
Limited partners' per unit share
   of net earnings                                                $         0.11     $         0.00
                                                                  ===============    ===============

Limited partners' per unit share
   of distributions                                               $         0.35     $         0.45
                                                                  ===============    ===============

Weighted average number of limited
   partnership units outstanding                                       6,793,790          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, 2000 and 1999
(Amounts in thousands)
(unaudited)
---------------------------------------------------------------------------------------------------------------------------

                                                                                      Partners' Capital
                                                                    -------------------------------------------------------
                                                                       General             Limited              Total
                                                                    --------------     ----------------    ----------------

<S>                                                                     <C>                 <C>                  <C>
Balances at January 1, 1999                                         $           -      $        85,661     $        85,661

Distributions                                                                 (32)              (3,058)             (3,090)

Redemptions (note 5)                                                            -                  (34)                (34)

Net earnings                                                                   32                    7                  39
                                                                    --------------     ----------------    ----------------

Balances at March 31, 1999                                          $           -      $        82,576     $        82,576
                                                                    ==============     ================    ================

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
                                                                    ==============     ================    ================


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, 2000 and 1999
(Amounts in thousands)
(unaudited)
------------------------------------------------------------------------------------------------------------------------

                                                                                            2000               1999
                                                                                     ----------------   ----------------
<S>                                                                                       <C>                 <C>

Cash flows from operating activities:
   Net earnings                                                                      $           748    $            39
   Adjustments to reconcile net earnings to
      net cash provided by operating activities:
        Depreciation                                                                           1,701              1,791
        Write-down of containers (note 4)                                                         47                249
        Increase in allowance for doubtful accounts                                               34                189
        Loss on sale of containers                                                                 3                 79
        (Increase) decrease in assets:
            Accounts receivable                                                                  233                394
            Due from affiliates, net                                                            (190)               152
            Prepaid expenses                                                                       7                  9
        Increase (decrease) in liabilities:
            Accounts payable and accrued liabilities                                              80                 51
            Accrued recovery costs                                                                10                 15
            Accrued damage protection plan costs                                                 (28)                13
            Warranty claims                                                                      (15)               (15)
                                                                                     ----------------   ----------------


               Net cash provided by operating activities                                       2,630              2,966
                                                                                     ----------------   ----------------

Cash flows from investing activities:
   Proceeds from sale of containers                                                              331              1,191
   Container purchases                                                                            (1)              (370)
                                                                                     ----------------   ----------------

               Net cash provided by investing activities                                         330                821
                                                                                     ----------------   ----------------

Cash flows from financing activities:
    Redemptions of limited partnership units                                                       -                (34)
    Distributions to partners                                                                 (2,404)            (3,092)
                                                                                     ----------------   ----------------

               Net cash used in financing activities                                          (2,404)            (3,126)
                                                                                     ----------------   ----------------

Net increase in cash                                                                             556                661

Cash at beginning of period                                                                    2,660              2,488
                                                                                     ----------------   ----------------

Cash at end of period                                                                $         3,216    $         3,149
                                                                                     ================   ================



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, 2000 and 1999
(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,  2000 and  1999,  and  December  31,  1999 and  1998,
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, 2000 and 1999.

                                                               Mar. 31        Dec. 31          Mar. 31       Dec. 31
                                                                2000           1999             1999          1998
                                                             -----------    -----------    -------------    ----------
<S>                                                             <C>              <C>             <C>            <C>

Container purchases included in:
     Due to affiliates..............................                $ (1)          $  -            $  19         $  16
     Container purchases payable....................                   -              -              836             -

Distributions to partners included in:
     Due to affiliates..............................                   9              9               10            10
     Deferred quarterly distributions...............                 126            127              173           175

Proceeds from sale of containers included in:
     Due from affiliates............................                 253            270              447           792

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
three-month periods ended March 31, 2000 and 1999.


                                                                                                    2000          1999
                                                                                                    ----          ----

Container purchases recorded......................................................                $    -        $1,209
Container purchases paid..........................................................                     1           370

Distributions to partners declared................................................                 2,403         3,090
Distributions to partners paid....................................................                 2,404         3,092

Proceeds from sale of containers recorded.........................................                   314           846
Proceeds from sale of containers received.........................................                   331         1,191

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, 2000 and 1999 were $103 and $8, 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, 2000 and 1999
(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,  2000 and  December  31, 1999 and the
      results of its operations, changes in partners' capital and cash flows for
      the three-month periods ended March 31, 2000 and 1999, 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
      December 31, 1999, 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.

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  $57  of
      container  acquisition  fees as a component of container  costs during the
      three-month   period  ended  March  31,  1999.  There  were  no  container
      acquisition fees capitalized during the three-month period ended March 31,
      2000. The Partnership  incurred $100 and $129 of incentive management fees
      during  the   three-month   periods   ended   March  31,  2000  and  1999,
      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, 2000 and December 31, 1999.

      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 $310 and $302 for the three-month periods ended March 31, 2000 and
      1999, 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, 2000 and 1999 were as follows:

                                                       2000         1999
                                                       ----         ----
               Salaries                                $116         $157
               Other                                    101          139
                                                        ---          ---
                 Total general and
                    administrative costs               $217         $296
                                                        ===          ===

      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, 2000 and 1999:

                                                       2000         1999
                                                       ----         ----
               TEM                                     $187         $265
               TFS                                       30           31
                                                        ---          ---
                 Total general and
                    administrative costs               $217         $296
                                                        ===          ===

      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, 2000 and  December  31, 1999,  due from  affiliates,  net was
      comprised of:

                                                            2000            1999
                                                            ----            ----
      Due from affiliates:
        Due from TEM...................................     $977            $784
                                                             ---             ---

      Due to affiliates:
        Due to TFS.....................................       46              38
        Due to TCC.....................................       26              15
        Due to TL......................................        1               1
                                                             ---             ---
                                                              73              54
                                                             ---             ---

      Due from affiliates, net                              $904            $730
                                                             ===             ===

      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.   Rentals Under Long-Term Operating Leases

      The following are the future rent receivables  under cancelable  long-term
      operating  leases at March 31,  2000.  Although  the leases are  generally
      cancelable  with a penalty  at the end of each  twelve-month  period,  the
      following schedule assumes that the leases will not be terminated.


      Year ending March 31:

      2001.............................................             $564
      2002.............................................              223
      2003.............................................              109
      2004.............................................               19
      2005.............................................                5
                                                                     ---

      Total future rentals receivable..................             $920
                                                                     ===

Note 4.   Container Rental Equipment Write-Down

      New container  prices have been declining  since 1995, and the cost of new
      containers  at year-end  1998,  during 1999 and the  beginning of 2000 was
      significantly  less than the cost of containers  purchased in prior years.
      The  Partnership  evaluated the  recoverability  of the recorded amount of
      container  rental  equipment  at December  31, 1999 and March 31, 2000 for
      containers  to be  held  for  continued  use as  well  as  for  containers
      identified for sale in the ordinary course of business and determined that
      a reduction to the carrying value of containers held for continued use was
      not  required,  but  that a  write-down  in value  of  certain  containers
      identified for sale 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  period  ended  March 31,  2000,  the  Partnership
      recorded a write-down of $47 on 65 containers identified for sale and sold
      84  previously  written  down  containers  for a loss  of $9.  During  the
      three-month  period  ended  March 31,  1999,  the  Partnership  recorded a
      write-down  of $249 on 537  containers  identified  for  sale and sold 420
      previously  written down  containers  for a loss of $40.  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 container sales prices.  The Partnership  also sold containers that had
      not been  written-down  and  recorded a gain of $6 during the three months
      ended March 31, 2000 and a loss of $39 during the three months ended March
      31, 1999 as a result of these sales.

      If more containers are subsequently identified as 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 5.   Redemptions
<TABLE>
<CAPTION>

      The following  redemptions were consummated by the Partnership  during the
      three-month period ended March 31, 1999:

                                                         Units             Average
                                                       Redeemed        Redemption Price         Amount Paid
                                                      ----------       ----------------         -----------
<S>                                                    <C>                  <C>                    <C>

     Total  Partnership  redemptions as of
      December 31, 1998........................           48,825            $12.27                 $598

     Quarter ended:
      March 31, 1999...........................            3,288            $10.34                   34
                                                          ------                                    ---

     Partnership through March 31, 1999........           52,113            $12.13                 $632
                                                          ======                                    ===

     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, 2000 and 1999.  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 did not redeem any units during
the three-month period ended March 31, 2000.

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, 2000, the  Partnership  declared cash  distributions  to limited
partners  pertaining to the period from December 1999 through  February 2000, in
the amount of $2,378.  On a cash  basis,  all of these  distributions  were from
current  year  operating   activities.   On  a  GAAP  basis,   $1,655  of  these
distributions was a return of capital and the balance was from net earnings.

At March 31, 2000, the Partnership had no commitments to purchase containers.

Net cash  provided by operating  activities  for the  three-month  periods ended
March 31, 2000 and 1999 was $2,630 and  $2,966,  respectively.  The  decrease of
$336,  or 11%,  was  primarily  attributable  to the  fluctuations  in due  from
affiliates, net and accounts receivable,  offset by an increase in net earnings,
adjusted for non-cash transactions. 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.  The decrease in accounts  receivable of $233
for the  three-month  period  ended  March  31,  2000 was  primarily  due to the
decrease in the average collection period of accounts  receivable.  The decrease
in accounts  receivable of $394 for the comparable  period in 1999 was primarily
due to the  decrease in rental  income.  Net  earnings,  adjusted  for  non-cash
transactions, increased primarily due to the increase in rental income, which is
discussed more fully in "Results of Operations".

For the three-month  period ended March 31, 2000, net cash provided by investing
activities  (the purchase and sale of containers)  was $330 compared to $821 for
the same period in 1999.  Net cash  provided by investing  activities  decreased
$491 due to the  Partnership  selling fewer  containers  during the  three-month
period ended March 31, 2000 than in the same period in 1999, partially offset by
the Partnership  having purchased fewer containers during the three-month period
ended March 31, 2000 than in the comparable period in 1999. The General Partners
believe that the fluctuation in container purchases reflects normal fluctuations
in recent container purchases. The decrease in proceeds from container sales was
due to the  Partnership  selling  fewer  containers  and at lower  average sales
prices.  The Partnership  continued to sell  containers in low demand  locations
(described  below  under  "Results  of  Operations");  however  there were fewer
containers in these  locations  primarily as a result of previous sales efforts,
which resulted in the decline in the number of containers sold. 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  in these low demand  locations,  the  Partnership  plans to
continue to sell some of its  containers  in these  locations.  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.  Proceeds  from
container  sales will fluctuate  based on the number of containers  sold and the
actual  price  received  on the sale.  Sales  proceeds  will  affect the rate of
reinvestment in containers.

The rate of reinvestment is also affected by cash from operations  available for
reinvestment.  Subject to the General Partners' discretion, cash from operations
available  for  reinvestment  is generally  equal to cash  provided by operating
activities  less   distributions   and  redemptions   paid.   Distributions  and
redemptions  are  determined  by the  General  Partners in  accordance  with the
Partnership Agreement.  Consistent with its investment objectives and subject to
its distribution  policy,  the Partnership  intends to continue to reinvest cash
from operations  available for reinvestment  and all or a significant  amount of
the proceeds from container sales in additional  containers.  Market  conditions
have had and may  continue  to have an  adverse  effect  on the  amount  of cash
provided  by  operations  that is  available  for  the  purchase  of  additional
containers.  Additionally, these market conditions have had an adverse effect on
the average sales price recently realized from container sales. Furthermore,  to
the extent new containers are purchased with sales proceeds, they are not likely
to equal the number of containers sold, as new container prices are likely to be
greater than the average  sales price of  containers  sold.  These  factors have
contributed to a lower 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.

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, 2000 and 1999, 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:

                                                               2000        1999
                                                              ------      ------
                 Beginning container fleet...............     32,876      34,661
                 Ending container fleet..................     32,651      34,590
                 Average container fleet.................     32,764      34,626

The decline in the average  container  fleet of 5% from the  three-month  period
ended March 31, 1999 to the comparable period in 2000 was due to the Partnership
having sold more  containers  than it purchased  since March 31, 1999.  Although
some of the sales proceeds were used to purchase  additional  containers,  fewer
containers were bought than sold, resulting in a net decrease in the size of the
container fleet. 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.
This trend,  which is expected to continue,  has contributed to a slower rate of
reinvestment  than had been  expected by the  General  Partners.  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 76% and 69% on average during the three months
ended March 31,  2000 and 1999,  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, 2000 and 1999.

The  Partnership's  income from  operations for the  three-month  periods ending
March 31,  2000 and 1999 was $707 and $81,  respectively,  on  rental  income of
$4,431 and $4,312,  respectively.  The increase in rental income of $119, or 3%,
from the  three-month  period ended March 31, 1999 to the  comparable  period in
2000 was  attributable to increases in container  rental income and other rental
income.  Income from container rentals increased $44, or 1%, due to the increase
in  average  on-hire  utilization  of 10%,  offset by the  decreases  in average
container fleet of 5%, and average rental rates of 4%.

The  improvement in  utilization  was due to  improvements  in demand for leased
containers and in the trade balance, primarily as a result of the improvement in
certain  Asian  economies  and a related  increase  in  exports  out of  Europe.
Additionally,  the container surplus, which existed primarily as a result of the
lower  demand in the past  several  years,  has  eased as a result of  container
lessors selling older  containers in low demand locations and as a result of the
improvement in demand discussed above.

However, the trade imbalance between Asia and North America still exists, and as
a  consequence,  the  build-up of  containers  in North  America  persists.  The
Partnership has been unable to reposition a large number of newer  containers to
higher  demand  locations in Asia,  primarily  due to lack of  available  vessel
capacity.

Additionally,  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 1999 and 2000 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  the trade
balance  between Asia and North  America  improves,  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 on some or all of its container rental equipment.

The decline in the purchase price of new  containers  and the container  surplus
mentioned  above have  resulted in the decline in rental rates in recent  years.
However,  as a result of the  improvement in demand and slight  increases in the
purchase price of new containers,  rental rates have stabilized during the first
quarter of 2000.

The General  Partners are  cautiously  optimistic  that rental rates will remain
stable and the current level of utilization  will be maintained  during 2000 and
may improve if demand for leased  containers  and the trade balance  continue to
improve. However, the General Partners caution that utilization, lease rates and
container sale prices could also decline,  adversely affecting the Partnership's
operating results.

The  balance of 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 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, 2000,
the total of these other rental  income items was $542,  an increase of $75 from
the equivalent  period in 1999. The increase was primarily due to an increase in
DPP  income  of  $48,  which  increased  due to an  increase  in the  number  of
containers carrying DPP.

Direct  container  expenses  increased  $32, or 3% from the  three-month  period
ending  March 31,  1999,  to the  equivalent  period in 2000.  The  increase was
primarily  due to an  increase  in  repositioning  expense of $230,  offset by a
decrease in storage expense of $189.  Repositioning  expense increased primarily
due to the increase in the average  cost of  repositioning  containers  from the
three-month  period  ended March 31,  1999 to the same  period in 2000.  Storage
expense  decreased  due to the increase in average  utilization  noted above and
lower average storage costs per container.

Bad debt expense decreased from $189 for the three-month  period ended March 31,
1999,  to $37 for the  comparable  period  in 2000  primarily  due to a  smaller
required increase to bad debt reserve in 2000.

Depreciation  expense  decreased $90, or 5%, from the  three-month  period ended
March 31, 1999, to the  comparable  period in 2000 primarily due to the decrease
in fleet size.

New  container  prices  have  been  declining  since  1995,  and the cost of new
containers  at  year-end  1998,  during  1999  and the  beginning  of  2000  was
significantly  less than the cost of  containers  purchased in prior years.  The
Partnership  evaluated the  recoverability  of the recorded  amount of container
rental  equipment at December 31, 1999 and March 31, 2000 for  containers  to be
held for  continued  use as well as for  containers  identified  for sale in the
ordinary  course of business  and  determined  that a reduction  to the carrying
value  of  containers  held  for  continued  use was not  required,  but  that a
write-down in value of certain containers identified for sale 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  period ended March 31, 2000, the Partnership  recorded a
write-down  of $47 on 65 containers  identified  for sale and sold 84 previously
written down  containers for a loss of $9. During the  three-month  period ended
March 31, 1999, the Partnership  recorded a write-down of $249 on 537 containers
identified for sale and sold 420 previously  written down  containers for a loss
of  $40.  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  container  sales  prices.  The  Partnership  also sold
containers that had not been  written-down  and recorded a gain of $6 during the
three  months  ended  March 31,  2000 and a loss of $39 during the three  months
ended March 31, 1999 as a result of these sales.

If more containers are subsequently identified as 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.

Management fees to affiliates  decreased $21, or 5%, from the three-month period
ended March 31, 1999 to the  comparable  period in 2000,  due to the decrease in
incentive  management fees, offset by the increase in equipment management fees.
Incentive  management  fees,  which are based on the  Partnership's  limited and
general  partner  distributions  and  partners'  capital  decreased  due  to the
decreases  in the  limited  partner  distribution  percentage  from  9% to 8% of
partners' capital in July 1999 and from 8% to 7% of partners' capital in October
1999.  Equipment  management  fees,  which are based primarily on gross revenue,
increased  due to the  increase in rental  income and were  approximately  7% of
rental income for both periods.

General and administrative  costs to affiliates  decreased $79, or 27%, from the
three-month  period  ended  March  31,  1999 to the  comparable  period in 2000,
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.

Other income  increased $83 from the three-month  period ended March 31, 1999 to
the comparable period in 2000. The increase was primarily due to the decrease in
loss on sale of containers of $76.

Net earnings per limited partnership unit increased from $0.00 to $0.11 from the
three-month  period ended March 31, 1999 to the same period in 2000,  reflecting
the increase in net  earnings  allocated  to limited  partners  from $7 to $723,
respectively.  The allocation of net earnings  included a special  allocation of
gross  income  to the  General  Partners  in  accordance  with  the  Partnership
Agreement.

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, 2000,  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,  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.

Effect of Date Crossing to Year 2000

There has been no material effect on the Partnership's  financial  condition and
results of  operations as a result of problems  arising from  computer  systems'
abilities to process dates beyond January 1, 2000.  The General  Partners do not
currently  expect any such problems to arise within their own computer  systems.
The  likelihood  that a failure in a third party's system would occur and have a
significant  adverse effect on the Partnership's  operations seems  increasingly
remote,  but no assurance can be given that,  due to  unforeseen  circumstances,
such an event could not occur.  Therefore,  the  Partnership's  contingency plan
remains in place;  that is, the General  Partners  continue to remain capable of
switching  temporarily to manual  operations in the event of a computer system's
failure. There can be no assurance, however, that switching to manual operations
would prevent all adverse effects of any future year 2000 problem.

Forward Looking Statements

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 12, 2000

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 12, 2000
Ernest J. Furtado                        (Principal Financial and
                                         Accounting Officer) and
                                         Secretary




________________________                 President (Principal Executive                 May 12, 2000
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 12, 2000


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 12, 2000
Ernest J. Furtado                        (Principal Financial and
                                         Accounting Officer) and
                                         Secretary



/s/John A. Maccarone
____________________________             President (Principal Executive              May 12, 2000
John A. Maccarone                        Officer)



</TABLE>