SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the quarterly period ended        June 30, 2001
                              ----------------------------

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the transition period from                    to
                              --------------------

Commission file number   33-80849
                      ---------------

                      Capital Preferred Yield Fund-IV, L.P.
                      -------------------------------------
             (Exact name of registrant as specified in its charter)

      Delaware                                           84-1331690
-----------------------                     ------------------------------------
(State of organization)                     (I.R.S. Employer Identification No.)


   2750 South Wadsworth Blvd., C-200
          Denver, Colorado                                               80227
----------------------------------------                               ---------
(Address of principal executive offices)                              (Zip Code)

        Registrant's telephone number, including area code (720) 963-9600
                                                           --------------


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Sections 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 _____ .

                        Exhibit Index Appears on Page 13

                               Page 1 of 14 Pages

<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                          Quarterly Report on Form 10-Q
                              For the Quarter Ended
                                  June 30, 2001

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


PART I.  FINANCIAL INFORMATION                                              PAGE
                                                                            ----

     Item 1.  Financial Statements (Unaudited)

              Balance Sheets - June 30, 2001 and December 31, 2000             3

              Statements of Income - Three andSix Months Ended
              June 30, 2001 and 2000                                           4

              Statements of Cash Flows - Six Months Ended
              June 30, 2001 and 2000                                           5

              Notes to Financial Statements                                6 - 7

     Item 2.  Management's Discussion and Analysis of Financial Condition
              and Results of Operations                                   8 - 12

     Item 3.  Quantitative and Qualitative Disclosures About Market Risk      12


PART II. OTHER INFORMATION

     Item 1.  Legal Proceedings                                               13

     Item 6.  Exhibits and Reports on Form 8-K                                13

              Exhibits                                                        13

              Signature                                                       14

                                       2
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                     ASSETS
                                                         June 30,    December 31,
                                                          2001           2000
                                                      -----------    -----------
                                                      (Unaudited)

<S>                                                   <C>            <C>
Cash and cash equivalents                             $ 1,428,967    $ 3,702,069
Accounts receivable, net                                1,361,420      1,122,640
Equipment held for sale or re-lease                       325,292         93,099
Net investment in direct finance leases                 4,909,115      4,403,516
Leased equipment, net                                  38,047,785     39,351,976
                                                      -----------    -----------

Total assets                                          $46,372,579    $48,673,300
                                                      ===========    ===========

                        LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Accounts payable and accrued liabilities         $ 1,624,746    $ 2,078,880
     Payables to affiliates                               190,892        294,170
     Rents received in advance                            289,577        279,298
     Distributions payable to partners                    492,343        496,460
     Discounted lease rentals                          16,277,412     16,264,856
                                                      -----------    -----------

Total liabilities                                      18,874,970     19,413,664
                                                      -----------    -----------

Partners' capital:
     General partner                                         --             --
     Limited partners:
         Class A                                       27,148,205     28,892,412
         Class B                                          349,404        367,224
                                                      -----------    -----------

Total partners' capital                                27,497,609     29,259,636
                                                      -----------    -----------

Total liabilities and partners' capital               $46,372,579    $48,673,300
                                                      ===========    ===========
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                              STATEMENTS OF INCOME
                                   (Unaudited)
<TABLE>
<CAPTION>
                                              Three Months Ended         Six Months Ended
                                                   June 30,                  June 30,
                                            -----------------------   -----------------------
                                                2001        2000         2001         2000
                                               ----        ----         ----         ----
<S>                                         <C>          <C>          <C>          <C>
Revenue:
  Operating lease rentals                   $4,539,370   $4,295,791   $8,888,335   $8,472,167
  Direct finance lease income                  193,179      223,412      404,747      588,403
  Equipment sales margin                        64,920       27,964      109,442       34,137
  Interest income                               21,100       22,764       67,173       38,265
                                            ----------   ----------   ----------   ----------

Total revenue                                4,818,569    4,569,931    9,469,697    9,132,972
                                            ----------   ----------   ----------   ----------
Expenses:
  Depreciation                               3,078,146    3,248,535    6,528,037    6,509,810
  Management fees to general partner           106,823       47,931      211,525      128,665
  Direct services from general partner          54,609       35,673      103,386      106,644
  General and administrative                   165,462      112,884      422,482      191,714
  Interest on discounted lease rentals         340,228      326,458      685,016      588,058
  Provision for losses                         475,000       25,000      650,000       75,000
                                            ----------   ----------   ----------   ----------

Total expenses                               4,220,268    3,796,481    8,600,446    7,599,891
                                            ----------   ----------   ----------   ----------

Net income                                  $  598,301   $  773,450   $  869,251   $1,533,081
                                            ==========   ==========   ==========   ==========

Net income allocated:
  To the general partner                    $   13,156   $   13,204   $   26,312   $   26,408
  To the Class A limited partners              579,294      752,644      834,509    1,491,607
  To the Class B limited partner                 5,851        7,602        8,430       15,066
                                            ----------   ----------   ----------   ----------

                                            $  598,301   $  773,450   $  869,251   $1,533,081
                                            ==========   ==========   ==========   ==========

  Net income per weighted average Class A
       limited partner unit outstanding     $     1.18   $     1.53   $     1.70   $     3.03
                                            ==========   ==========   ==========   ==========

  Weighted average Class A limited
    partner units outstanding                  490,744      491,217      490,744      491,902
                                            ==========   ==========   ==========   ==========
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       4
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                        Six Months Ended
                                                                    --------------------------
                                                                      June 30,        June 30,
                                                                        2001           2000
                                                                        ----           ----

<S>                                                                 <C>            <C>
Net cash provided by operating activities                           $ 8,606,232    $ 9,472,685
                                                                    -----------    -----------
Cash flows from investing activities:
     Purchases of equipment on operating leases from affiliate       (3,199,850)    (4,393,861)
     Investment in direct finance leases, acquired from affiliate      (151,995)          --
                                                                    -----------    -----------
Net cash used in investing activities                                (3,351,845)    (4,393,861)
                                                                    -----------    -----------

Cash flows from financing activities:
     Proceeds from discounted lease rentals                                --        2,453,422
     Principal payments on discounted lease rentals                  (4,892,094)    (3,448,216)
     Redemptions of Class A limited partner units                          --         (158,949)
     Distributions to partners                                       (2,635,395)    (3,121,961)
                                                                    -----------    -----------

Net cash used in financing activities                                (7,527,489)    (4,275,704)
                                                                    -----------    -----------

Net (decrease) increase in cash and cash equivalents                 (2,273,102)       803,120

Cash and cash equivalents at beginning of period                      3,702,069      1,133,758
                                                                    -----------    -----------

Cash and cash equivalents at end of period                          $ 1,428,967    $ 1,936,878
                                                                    ===========    ===========

Supplemental disclosure of cash flow information -Interest
     paid on discounted lease rentals                               $   685,016    $   588,058
Supplemental disclosure of noncash investing and
     financing activities - Discounted lease rentals assumed in
         equipment acquisitions                                       5,162,909      2,612,718
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       5
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


1.   Basis of Presentation
     ---------------------

     The accompanying unaudited financial statements have been prepared in
     accordance with generally accepted accounting principles for interim
     financial information and the instructions to Form 10-Q and Rule 10-01 of
     Regulation S-X. Accordingly, they do not include all of the information and
     disclosures required by generally accepted accounting principles for annual
     financial statements. In the opinion of the general partner, all
     adjustments (consisting of normal recurring adjustments) considered
     necessary for a fair presentation have been included. The balance sheet at
     December 31, 2000 was derived from the audited financial statements
     included in the Partnership's 2000 Form 10-K. For further information,
     refer to the financial statements of Capital Preferred Yield Fund-IV, L.P.
     (the "Partnership"), and the related notes, included in the Partnership's
     Annual Report on Form 10-K for the year ended December 31, 2000 (the "2000
     Form 10-K"), previously filed with the Securities and Exchange Commission.

     Recently Issued Financial Accounting Standards

     In July 2001, the Financial Accounting Standards Board ("FASB") issued SFAS
     No. 141, "Business Combinations" which requires the purchase method and
     eliminates the option of using the pooling-of-interests method of
     accounting for all business combinations. The provisions in this statement
     apply to all business combinations initiated after June 30, 2001, and all
     business combinations accounted for using the purchase method for which the
     date of acquisition is July 1, 2001, or later. The Partnership does not
     believe the adoption of this statement will have a material impact on the
     Partnership's financial position, results of operations or cash flows.

     In July 2001, the FASB issued SFAS 142, "Goodwill and Other Intangible
     Assets" which requires that all intangible assets acquired, other than
     those acquired in a business combination, be initially recognized and
     measured based on the asset's fair value. In addition, the intangible asset
     should be amortized based upon its useful life. If the intangible asset is
     determined to have an indefinite useful life, it shall not be amortized
     until its useful life can be determined. The Partnership does not believe
     the adoption of this statement will have a material impact on the
     Partnership's financial position, results of operations or cash flows.


2.   Transactions With the General Partner and Affiliates
     ----------------------------------------------------

     Management Fees Paid to General Partner

     In accordance with the Partnership Agreement, the General Partner earns a
     management fee in connection with its management of the equipment,
     calculated as a percentage of the monthly gross rentals received, and paid
     monthly in arrears. As of June 30, 2001, management fees of $55,951 are
     included in payables to affiliates.

                                       6
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

2.   Transactions With the General Partner and Affiliates, continued
     ----------------------------------------------------

     Direct Services from General Partner

     The General Partner and an affiliate provide accounting, investor
     relations, billing, collecting, asset management, and other administrative
     services to the Partnership. The Partnership reimburses the General Partner
     for these services performed on its behalf as permitted under the terms of
     the Partnership Agreement. As of June 30, 2001, direct services from the
     General Partner in the amount of $49,587 are included in payables to
     affiliates.

     General and Administrative Expenses

     The General Partner and an affiliate are reimbursed for the actual cost of
     administrative expenses incurred on behalf of Partnership per the terms of
     the Partnership Agreement. As of June 30, 2001, administrative expenses of
     $85,354 are included in payables to affiliates.

     Equipment Purchases

     During the six months ended June 30, 2001, the Partnership acquired the
     equipment described below from independent third parties as arranged by
     Mishawaka Leasing Company, Inc., an affiliate:

<TABLE>
<CAPTION>
                                                                                          Total
                                                                      Acquisition     Equipment
                                                        Cost of          Fees and      Purchase
     Lessee              Equipment Description        Equipment    Reimbursements         Price
     ------              ---------------------        ---------    --------------         -----
<S>                      <C>                        <C>              <C>            <C>
Alliant Techsystems      Telecommunications              32,482           1,137          33,619
American Waterworks      Computer Equipment             198,213           6,956         205,170
EMC                      Computer Equipment           1,962,233          67,991       2,030,224
Foodmaker, Inc           Forklifts                      590,157          20,655         610,812
Honeywell                Computer Equipment             917,661          37,169         954,830
Johnson Controls         Forklifts                      747,348          27,228         774,576
McKee Foods              Computer Equipment             233,696           8,180         241,876
Michelin                 Forklifts                      413,164          15,301         428,464
NBC                      Broadcasting Equipment          58,693           2,055          60,748
Pirelli Cables           Forklifts                      318,926          11,162         330,088
Stoneridge, Inc          Semiconductors               1,665,520          58,293       1,723,813
Texas Utilities          Computer Equipment           1,082,642          37,892       1,120,534
                                                    -----------      ----------     -----------
                                                    $ 8,220,735      $  294,019     $ 8,514,754
                                                    ===========      ==========     ===========
</TABLE>

                                       7
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

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

Results of Operations
---------------------

Presented below are schedules (prepared solely to facilitate the discussion of
results of operations that follows) showing items of income and expense and
changes in those items derived from the Statements of Income:

<TABLE>
<CAPTION>
                                                       Three Months                                 Six Months
                                                      Ended June 30,                              Ended June 30,
                                       ------------------------------------------   ------------------------------------------
                                           2001            2000          Change         2001           2000           Change
                                           ----            ----          ------         ----           ----           ------

<S>                                    <C>            <C>            <C>            <C>            <C>            <C>
Leasing margin                         $ 1,314,175    $   944,210    $   369,965    $ 2,080,029    $ 1,962,702    $   117,327
Equipment sales margin                      64,920         27,964         36,956        109,442         34,137         75,305
Interest income                             21,100         22,764         (1,664)        67,173         38,265         28,908
Management fees to general partner        (106,823)       (47,931)       (58,892)      (211,525)      (128,665)       (82,860)
Direct services from general partner       (54,609)       (35,673)       (18,936)      (103,386)      (106,644)         3,258
General and administrative                (165,462)      (112,884)       (52,578)      (422,482)      (191,714)      (230,768)
Provision for losses                      (475,000)       (25,000)      (450,000)      (650,000)       (75,000)      (575,000)
                                       -----------    -----------    -----------    -----------    -----------    -----------
  Net income                           $   598,301    $   773,450    $  (175,149)   $   869,251    $ 1,533,081    $  (663,830)
                                       ===========    ===========    ===========    ===========    ===========    ===========
</TABLE>

Leasing Margin

Leasing margin consists of the following:
<TABLE>
<CAPTION>
                                                    Three Months Ended               Six Months Ended
                                                         June 30,                        June 30,
                                               ----------------------------    ----------------------------
                                                   2001            2000            2001            2000
                                                   ----            ----            ----            ----

<S>                                            <C>             <C>             <C>             <C>
Operating lease rentals                        $ 4,539,370     $ 4,295,791     $ 8,888,335     $ 8,472,167

Direct finance lease income                        193,179         223,412         404,747         588,403
Depreciation                                    (3,078,146)     (3,248,535)     (6,528,037)     (6,509,810)
Interest expense on discounted lease rentals      (340,228)       (326,458)       (685,016)       (588,058)
                                               -----------     -----------     -----------     -----------

   Leasing margin                              $ 1,314,175     $   944,210     $ 2,080,029     $ 1,962,702
                                               ===========     ===========     ===========     ===========

   Leasing margin ratio                                28%             21%             22%             17%
                                                       ==              ==              ==              ==
</TABLE>

Operating lease rentals increased for the three and six months ended June 30,
2001 compared to the three and six months ended June 30, 2000 and depreciation
increased for the six months ended June 30, 2001 compared to the same period in
2000 due to higher average monthly rents and associated depreciation in the
portfolio. Depreciation decreased for the three months ended June 30, 2001
compared to the same period in 2000 primarily due to an increase in rentals
received after lease expiration on fully depreciated leases. Interest on
discounted lease rentals increased for the six months ended June 30, 2001
compared to the six months ended June 30, 2000 due to a net increase in
non-recourse debt. Direct finance lease income decreased for the three and six
months ended June 30, 2001 compared to the same period of 2000 even though net
investment in direct finance leases increased. This is primarily due to the
addition of approximately $958,000 in leases at the end of the quarter.

                                       8
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

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

Results of Operations, continued
---------------------

Leasing Margin, continued

Leasing margin ratio fluctuates based upon (i) the mix of direct finance leases
and operating leases, (ii) remarketing activities, (iii) the method used to
finance leases added to the Partnership's lease portfolio, and (iv) the relative
age of lease types in the portfolio. Leasing margin and the related leasing
margin ratio for an operating lease financed with non-recourse debt increases
during the term of the lease since rents and depreciation are typically fixed
while interest expense declines as the related non-recourse debt principal is
repaid.

The ultimate profitability of the Partnership's leasing transactions is
dependent in part on interest rates at the time the leases are originated,
future equipment values, and on-going lessee creditworthiness. Because leasing
is an alternative to financing equipment purchases with debt, lease rates tend
to rise and fall with interest rates (although lease rate movements generally
lag interest rate changes in the capital markets).

Equipment Sales Margin

Equipment sales margin consists of the following:

<TABLE>
<CAPTION>
                                Three Months Ended             Six Months Ended
                                      June 30,                     June 30,
                            ---------------------------   ---------------------------
                                2001           2000           2001           2000
                                ----           ----           ----           ----
<S>                         <C>            <C>            <C>            <C>
Equipment sales revenue     $   796,938    $    44,847    $ 1,306,496    $   239,739
Cost of equipment sales        (732,018)      (116,883)    (1,197,054)      (205,602)
                            -----------    -----------    -----------    -----------
   Equipment sales margin   $    64,920    $    27,964    $   109,442    $    34,137
                            ===========    ===========    ===========    ===========
</TABLE>

Equipment sales margin is affected by the volume and composition of equipment
that becomes available for sale. Some of the Partnership's initial leases have
expired, and the equipment is either being re-leased or sold to the lessee or to
third parties. Equipment sales margin increased for the three and six months
ended June 30, 2001 compared to the same period in 2000 primarily due to an
increase in the expiration of leases within the portfolio.

Interest Income

Interest income increased for the three and six months ended June 30, 2001
compared to the three and six months ended June 30, 2000 due to a increase in
invested cash. Interest income varies due to (1) the amount of cash available
for investment (pending distribution to partners or investment in equipment
purchases) and (2) the interest rate on such invested cash.

                                       9
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

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

Results of Operations, continued
---------------------

Expenses

Management fees increased for the three and six months ended June 30, 2001
compared to the three and six months ended June 30, 2000 due to growth in the
Partnership's lease portfolio.

Direct services from general partner decreased for the six months ended June 30,
2001 compared to the corresponding period in 2000 primarily due to a change in
the method in which the general partner charges for its asset management
services that was implemented during the fourth quarter of 1999. The partnership
paid a refurbishing charge to CAII at the time computer equipment was returned
by the lessee to the Partnership. The refurbishing charge included all services
necessary to prepare the equipment for re-sale. Computer equipment returned to
the Partnership for the quarter ended June 30, 2000 generated refurbishing
charges in the amount of $42,020. Mishawaka Leasing Company does not provide
such services. This will now be handled by independent third parties.

General and administrative expenses increased for the three and six months ended
June 30, 2001 compared to the three and six months ended 2000 due to an increase
in insurance expense, data processing charges and audit fees. Also contributing
to the increase in general and administrative expenses is a one-time charge for
software and computer equipment related to a change in the ownership of the
General Partner.

Provision for Losses

The remarketing of equipment for an amount greater than its book value is
reported as equipment sales margin (if the equipment is sold) or leasing margin
(if the equipment is re-leased). The realization of less than the carrying value
of equipment (which occurs when the equipment is remarketed subsequent to
initial lease termination) is recorded as provision for losses.

Residual values are established equal to the estimated value to be received from
the equipment following termination of the lease. In estimating such values, the
Partnership considers all relevant facts regarding the equipment and the lessee,
including, for example, the likelihood that the lessee will re-lease the
equipment. The nature of the Partnership's leasing activities is such that it
has credit exposure and residual value exposure and will incur losses from those
exposures in the ordinary course of business. The Partnership performs quarterly
assessments of the estimated residual value of its assets to identify any
other-than-temporary losses in value. The Partnership recorded a provision for
loss of $650,000 for the six months ended June 30, 2001 related to equipment
returned to the Partnership and a reserve for uncollectible accounts receivable.
The reserve was recorded due to the uncertainty of collection. However,
management will continue its efforts in trying to collect the receivables.

                                       10
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

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

Liquidity & Capital Resources
-----------------------------

The Partnership funds its operating activities principally with cash from rents,
discounted lease rentals (non-recourse debt), interest income and sales of
off-lease equipment. Available cash and cash reserves of the Partnership are
invested in short-term government securities pending the acquisition of
equipment or distribution to partners.

During the six months ended June 30, 2001, the Partnership acquired equipment
subject to leases with a total purchase price of $8,514,754.

During the six months ended June 30, 2001, the Partnership declared
distributions to the Class A limited partners of $2,578,716 ($483,045 of which
was paid in July 2001). A substantial portion of such distributions is expected
to constitute a return of capital. Distributions may be characterized for tax,
accounting and economic purposes as a return of capital, a return on capital, or
a portion of both. The portion of each cash distribution which exceeds its net
income for the fiscal period may be deemed a return of capital for accounting
purposes. However, the total percentage of the partnership's return on capital
over its life will only be determined after all residual cash flows (which
include proceeds from the re-leasing and sale of equipment) have been realized
at the termination of the Partnership.

The general partner believes that the Partnership will generate sufficient cash
flows from operations during the remainder of 2001, to (1) meet current
operating requirements, (2) fund cash distributions to both the Class A and
Class B limited partners at annualized rates of 10.5% (portions of which are
expected to constitute returns of capital), and (3) reinvest in additional
equipment under leases, provided that suitable equipment can be identified and
acquired.


New Accounting Pronouncements
-----------------------------

In July 2001, the Financial Accounting Standards Board ("FASB") issued SFAS No.
141, "Business Combinations" which requires the purchase method and eliminates
the option of using the pooling-of-interests method of accounting for all
business combinations. The provisions in this statement apply to all business
combinations initiated after June 30, 2001, and all business combinations
accounted for using the purchase method for which the date of acquisition is
July 1, 2001, or later. The Partnership does not believe the adoption of this
statement will have a material impact on the Partnership's financial position,
results of operations or cash flows.

In July 2001, the FASB issued SFAS 142, "Goodwill and Other Intangible Assets"
which requires that all intangible assets acquired, other than those acquired in
a business combination, be initially recognized and measured based on the
asset's fair value. In addition, the intangible asset should be amortized based
upon its useful life. If the intangible asset is determined to have an
indefinite useful life, it shall not be amortized until its useful life can be
determined. The Partnership does not believe the adoption of this statement will
have a material impact on the Partnership's financial position, results of
operations or cash flows.

                                       11
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

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

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
1995
------------------------------------------------------------------------------

The statements contained in this report which are not historical facts may be
deemed to contain forward-looking statements with respect to events, the
occurrence of which involve risks and uncertainties, and are subject to factors
that could cause actual future results to differ both adversely and materially
from currently anticipated results, including, without limitation, the level of
lease originations, realization of residual values, the availability and cost of
financing sources and the ultimate outcome of any contract disputes. Certain
specific risks associated with particular aspects of the Partnership's business
are discussed under Results of Operations in this report and under Results of
Operations in the 2000 Form 10-K when and where applicable.


Item 3.  Quantitative and Qualitative Disclosures About Market Risk
         ----------------------------------------------------------

The Partnership's leases with equipment users are non-cancelable and have lease
rates which are fixed at lease inception. The Partnership finances its leases,
in part, with discounted lease rentals. Discounted lease rentals are a fixed
rate debt. The Partnership's other assets and liabilities are also at fixed
rates. Consequently, the Partnership has no interest rate risk or other market
risk exposure.

                                       12
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                    PART II.

                                OTHER INFORMATION



Item 1.     Legal Proceedings

            The Partnership is involved in routine legal proceedings
            incidental to the conduct of its business. The General Partner
            believes none of these legal proceedings will have a material
            adverse effect on the financial condition or operations of the
            Partnership.

Item 6.     Exhibits and Reports on Form 8-K

            (a)  Exhibits

            (b)  The Partnership did not file any reports on Form 8-K during
                 the quarter ended June 30, 2001.

                                       13
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                    Signature



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Partnership has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                          CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                          By: CAI Equipment Leasing V Corp.


Dated:  August 28, 2001                   By: /s/Susan M. Landi
                                              -----------------
                                              Susan M. Landi
                                              Chief Accounting Officer

                                       14
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                    Signature



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Partnership has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                          CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                          By:  CAI Equipment Leasing V Corp.


Dated:  August 28, 2001                   By:
                                               Susan M. Landi
                                               Chief Accounting Officer


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