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   September 30, 2003
                                 ------------------

                                       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.)


    7901 Southpark Plaza, Suite 107
         Littleton, Colorado                                       80120
         -------------------                                       -----
(Address of principal executive offices)                         (Zip Code)

        Registrant's telephone number, including area code (303) 268-6550
                                                           --------------


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 15

                               Page 1 of 20 Pages

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

                          Quarterly Report on Form 10-Q
                              For the Quarter Ended
                               September 30, 2003


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


PART I.  FINANCIAL INFORMATION                                              PAGE
                                                                            ----

   Item 1.  Financial Statements (Unaudited)

            Balance Sheets - September 30, 2003 and December 31, 2002          3

            Statements of Operations - Three and Nine Months Ended
            September 30, 2003 and 2002                                        4

            Statements of Cash Flows - Nine Months Ended
            September 30, 2003 and 2002                                        5

            Notes to Financial Statements                                  6 - 7

   Item 2.  Management's Discussion and Analysis of Financial Condition
            and Results of Operations                                     8 - 13

   Item 3.  Quantitative and Qualitative Disclosures About Market Risk        13

   Item 4.  Controls and Procedures                                           13

PART II. OTHER INFORMATION

   Item 1.  Legal Proceedings                                                 14

   Item 6.  Exhibits and Reports on Form 8-K                                  14

            Exhibit Index                                                     15

            Signatures                                                        16

            Certifications                                                 17-20

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

                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                     ASSETS

                                                  September 30,     December 31,
                                                     2003               2002
                                                     ----               ----
                                                  (Unaudited)

<S>                                               <C>               <C>
Cash and cash equivalents                         $   805,024       $ 2,100,551
Accounts receivable, net                              324,232           267,087
Equipment held for sale or re-lease                   183,563           168,661
Net investment in direct finance leases             5,972,310         8,353,900
Leased equipment, net                              26,514,402        37,125,321
                                                  -----------       -----------

Total assets                                      $33,799,531       $48,015,520
                                                  ===========       ===========

                       LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Accounts payable and accrued liabilities     $   788,922       $ 1,064,192
     Payables to affiliates                           128,295           208,798
     Rents received in advance                         62,643            97,418
     Distributions payable to partners                536,248         1,425,083
     Discounted lease rentals                      20,255,242        28,582,334
                                                  -----------       -----------

Total liabilities                                  21,771,350        31,377,825
                                                  -----------       -----------
Partners' capital:
     General partner                                     --                --
     Limited partners:
         Class A                                   11,796,999        16,376,581
         Class B                                      231,182           261,114
                                                  -----------       -----------

Total partners' capital                            12,028,181        16,637,695

Total liabilities and partners' capital           $33,799,531       $48,015,520
                                                  ===========       ===========
</TABLE>

                 See accompanying notes to financial statements.

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

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                       Three Months Ended            Nine Months Ended
                                                          September 30,                 September 30,
                                                   -------------------------    -------------------------
                                                        2003          2002          2003           2002
                                                        ----          ----          ----           ----
<S>                                                <C>           <C>            <C>           <C>
Revenue:
  Operating lease rentals                          $ 3,228,554   $ 4,344,436    $11,175,829   $12,017,668
  Direct finance lease income                          106,157       134,371        357,713       377,979
  Equipment sales margin                               217,211        96,685        425,949       417,055
  Interest income                                        1,565        11,672          5,769        78,304
                                                    ----------    ----------    -----------   -----------

Total revenue                                        3,553,487     4,587,164     11,965,260    12,891,006
                                                    ----------    ----------    -----------   -----------

Expenses:
  Depreciation                                       2,540,788     3,656,723      8,908,938     9,661,319
  Management fees to general partner                    81,125       105,601        275,868       289,278
  Direct services from general partner                  71,673        76,229        214,472       236,280
  General and administrative                           103,408        89,899        457,868       383,689
  Interest on discounted lease rentals                 389,649       469,679      1,292,773     1,286,902
  Provision for losses                                 249,000       488,000        257,000       893,000
                                                    ----------    ----------    -----------   -----------

Total expenses                                       3,435,643     4,886,131     11,406,919    12,750,468
                                                    ----------    ----------    -----------   -----------

Net income (loss)                                  $   117,844   $  (298,967)   $   558,341   $   140,538
                                                   ===========   ===========    ===========   ===========

Net income (loss) allocated:
  To the general partner                           $    17,950   $    15,546    $    51,620   $    41,621
  To the Class A limited partners                       98,895      (311,368)       501,654        97,928
  To the Class B limited partner                           999        (3,145)         5,067           989
                                                    ----------    ----------    -----------   -----------

                                                   $   117,844   $   298,967)   $   558,341   $   140,538
                                                   ===========   ===========    ===========   ===========

  Net income (loss) per weighted average Class A
       limited partner unit outstanding            $      0.20   $     (0.64)   $      1.04   $      0.20
                                                   ===========   ===========    ===========   ===========

  Weighted average Class A limited
    partner units outstanding                          484,461       485,362        484,526       485,992
                                                   ===========   ===========    ===========   ===========
</TABLE>

                 See accompanying notes to financial statements.

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

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                        Nine Months Ended
                                                                   September 30,   September 30,
                                                                       2003            2002
                                                                  -------------   -------------
<S>                                                               <C>             <C>
Net cash provided by operating activities                         $ 13,088,255    $  9,787,295
                                                                  ------------    ------------

Cash flows from financing activities:
     Proceeds from discounted lease rentals                               --         2,348,846
     Principal payments on discounted lease rentals                 (8,327,092)     (8,679,156)
     Redemptions of Class A limited partner units                       (5,855)        (75,006)
     Distributions to partners                                      (6,050,835)     (4,027,499)
                                                                  ------------    ------------

Net cash used in financing activities                              (14,383,782)    (10,432,815)
                                                                  ------------    ------------

Net decrease in cash and cash equivalents                           (1,295,527)       (645,520)

Cash and cash equivalents at beginning of period                     2,100,551       3,917,475
                                                                  ------------    ------------

Cash and cash equivalents at end of period                        $    805,024    $  3,271,955
                                                                  ============    ============

Supplemental disclosure of cash flow information -Interest
     paid on discounted lease rentals                             $  1,292,773    $  1,286,902
                                                                  ============    ============
Supplemental disclosure of noncash investing and
     financing activities - Discounted lease rentals assumed in
     equipment acquisitions                                       $       --      $ 13,939,207
                                                                  ============    ============
</TABLE>

                 See accompanying notes to 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 accounting principles generally accepted in the United
     States of America 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 accounting
     principles generally accepted in the United States of America 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, 2002 was derived from the audited financial statements
     included in the Partnership's 2002 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, 2002, previously
     filed with the Securities and Exchange Commission.

     The Partnership is in its liquidation period, as defined in the Partnership
     Agreement. Even so, because the liquidation period extends over an
     undefined number of accounting periods, the accompanying financial
     statements have been prepared on a going concern basis that contemplates
     the realization of assets and payments of liabilities in the ordinary
     course of business, which is in accordance with accounting principles
     generally accepted in the United States of America.

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

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


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. Management fees of approximately $19,000 and $28,000
     are included in payables to affiliates at September 30, 2003 and December
     31, 2002, respectively.

     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 terms of the
     Partnership Agreement. Direct services from the General Partner of
     approximately $24,000 and $30,000 are included in payables to affiliates at
     September 30, 2003 and December 31, 2002, respectively.

     General and Administrative Expenses

     The General Partner and an affiliate pay the allocated actual cost of
     administrative expenses incurred on behalf of the Partnership. The
     Partnership reimburses the General Partner for these expenses as permitted
     under terms of the Partnership Agreement. General and administrative costs
     of approximately $85,000 and $151,000 are included in payables to
     affiliates at September 30, 2003 and December 31, 2002, respectively.


                                       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                                  Nine Months
                                                    Ended September 30,                          Ended September 30,
                                       ------------------------------------------   ------------------------------------------
                                           2003           2002           Change         2003           2002           Change
                                           ----           ----           ------         ----           ----           ------
<S>                                    <C>            <C>            <C>            <C>            <C>            <C>
Leasing margin                         $   404,274    $   352,405    $    51,869    $ 1,331,831    $ 1,447,426    $  (115,595)
Equipment sales margin                     217,211         96,685        120,526        425,949        417,055          8,894
Interest income                              1,565         11,672        (10,107)         5,769         78,304        (72,535)
Management fees to general partner         (81,125)      (105,601)        24,476       (275,868)      (289,278)        13,410
Direct services from general partner       (71,673)       (76,229)         4,556       (214,472)      (236,280)        21,808
General and administrative                (103,408)       (89,899)       (13,509)      (457,868)      (383,689)       (74,179)
Provision for losses                      (249,000)      (488,000)       239,000       (257,000)      (893,000)       636,000
                                       -----------    -----------    -----------    -----------    -----------        -------
  Net income                           $   117,844    $  (298,967)   $   416,811    $   558,341    $   140,538    $   417,803
                                       ===========    ===========    ===========    ===========    ===========    ===========
</TABLE>

The Partnership entered its liquidation period during 2002, as defined in the
Partnership Agreement, and will not purchase equipment in future periods.
Furthermore, during future periods, initial leases will expire and the equipment
will be remarketed (i.e., re-leased or sold). As a result, both the size of the
Partnership's leasing portfolio and the amount of total revenue will decline
("portfolio runoff"). Even so, because the liquidation period extends over an
undefined number of accounting periods, the accompanying financial statements
have been prepared on a going concern basis that contemplates the realization of
assets and payments of liabilities in the ordinary course of business, which is
in accordance with accounting principles generally accepted in the United States
of America.

Leasing Margin

Leasing margin consists of the following:

<TABLE>
<CAPTION>
                                                      Three Months Ended                Nine Months Ended
                                                          September 30,                    September 30,
                                               ------------------------------    ------------------------------
                                                    2003            2002             2003             2002
                                                    ----            ----             ----             ----
<S>                                            <C>              <C>              <C>              <C>
Operating lease rentals                        $  3,228,554     $  4,344,436     $ 11,175,829     $ 12,017,668
Direct finance lease income                         106,157          134,371          357,713          377,979
Depreciation                                     (2,540,788)      (3,656,723)      (8,908,938)      (9,661,319)
Interest expense on discounted lease rentals       (389,649)        (469,679)      (1,292,773)      (1,286,902)
                                               ------------     ------------     ------------     ------------
   Leasing margin                              $    404,274     $    352,405     $  1,331,831     $  1,447,426
                                               ============     ============     ============     ============

   Leasing  margin ratio                                 12%               8%              12%              12%
                                                         ==                =               ==               ==
</TABLE>

                                       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

Operating lease rentals, direct finance lease income and depreciation decreased
primarily due to portfolio runoff. The average balances of the Partnership's
operating lease and direct finance lease portfolios were approximately
$31,800,000 and $7,200,000, respectively, during the nine months ended September
30, 2003 compared to approximately $34,900,000 and $7,900,000 during the nine
months ended September 30, 2002. Currently, as portfolio runoff progresses,
operating lease rentals, direct finance lease income and depreciation will
decrease.

Interest expense on discounted lease rentals decreased during the three months
ended September 30, 2003 primarily due to a decrease in the average balance of
discounted lease rentals outstanding. Discounted lease rentals outstanding
averaged approximately $21,600,000 and $26,000,000 during the three months ended
September 30, 2003 and 2002, respectively. As portfolio runoff progresses,
interest expense on discounted lease rentals will decrease.

Interest expense on discounted lease rentals increased during the nine months
ended September 30, 2003 primarily due to an increase in the average balance of
discounted lease rentals outstanding. Discounted lease rentals outstanding
averaged approximately $24,400,000 and $23,900,000 during the nine months ended
September 30, 2003 and 2002, respectively.

Leasing margin ratio will vary due to changes in the portfolio, including, among
other things, the mix of operating leases versus direct finance leases, the
average maturity of leases comprising the portfolio, the average residual value
of leased assets in the portfolio, and the amount of discounted lease rentals
financing the portfolio. Leasing margin ratio for a direct finance lease is
fixed over the term of the lease. Leasing margin ratio for an operating lease
financed with discounted lease rentals increases during the term of the lease
since rents and depreciation are typically fixed while interest expense declines
as the related discounted lease rentals principle is repaid. Leasing margin
ratio was lower during the three months ended September 30, 2002 compared to the
three months ended September 30, 2003 primarily as a result of the increase in
the average balance of discounted lease rentals outstanding and associated
operating lease revenue and depreciation, as discussed above.

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).

                                       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
---------------------

Equipment Sales Margin

Equipment sales margin consists of the following:

<TABLE>
<CAPTION>
                                  Three Months Ended           Nine Months Ended
                                    September 30,                 September 30,
                            ---------------------------   ---------------------------
                                 2003           2002           2003           2002
                                 ----           ----           ----           ----
<S>                         <C>            <C>            <C>            <C>
Equipment sales revenue     $   820,709    $   381,762    $ 2,207,781    $ 2,299,227
Cost of equipment sales        (603,498)      (285,077)    (1,781,832)    (1,882,172)
                            -----------    -----------    -----------    -----------
   Equipment sales margin   $   217,211    $    96,685    $   425,949    $   417,055
                            ===========    ===========    ===========    ===========
</TABLE>

Equipment sales margin fluctuates based on the composition of equipment
available for sale. Currently, the Partnership is in its liquidation period (as
defined in the Partnership Agreement). Initial leases are expiring and the
equipment is either being re-leased or sold to the lessee or a third party.
Equipment sales margin varies with the number and dollar amount of equipment
leases that mature in a particular period and the current market for specific
equipment and residual value estimates.

Interest Income

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.

Expenses

Management fees paid to the General Partner are earned on gross rents received
and will fluctuate due to variances in cash flow and the size of the
Partnership's portfolio. Management fees paid to the General Partner decreased
for the three and nine months ended September 30, 2003 compared to the three and
nine months ended September 30, 2002 due to portfolio run-off.

Direct services from General Partner decreased for the three and nine months
ended September 30, 2003 compared to the nine months ended September 30, 2002
primarily because the three and nine months ended September 30, 2002 included
increased costs related to the General Partner's efforts to collect receivables
owed to the Partnership.

General and administrative expenses increased for the nine months ended
September 30, 2003 compared to the nine months ended September 30, 2002
primarily due to a) increased insurance costs of approximately $40,000, and b)
upgrades to computer equipment of approximately $57,000 needed to effectively
and efficiently manage the Partnership's assets. General and administrative
expenses increased for the three months ended September 30, 2003 compared to the
three months ended September 30, 2002 primarily due to increased equipment
storage costs of approximately $13,000.

                                       10
<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
---------------------

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 or purchase
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 that, if any, are also recorded as
provision for losses.

The realization of greater than the carrying value of equipment (which occurs
when the equipment is remarketed subsequent to initial lease termination) is
reported as equipment sales margin (if the equipment is sold) or leasing margin
(if the equipment is re-leased). Losses related to credit exposure, if any, and
residual value exposure, if any, are recorded as provision for losses. Residual
value exposure includes equipment returned to the Partnership subsequent to
initial lease termination and equipment sold to the lessee subsequent to initial
lease termination.

Additionally, residual value exposure includes assets currently under lease. The
Partnership performs quarterly assessments of the estimated net realizable value
(NRV assessments) of its assets under lease to identify any other-than-temporary
losses in value that, if any, are also recorded as provision for losses.

The provision for losses of $257,000 recorded during the nine months ended
September 30, 2003 related primarily to losses of approximately $97,000 related
to equipment returned to the Partnership subsequent to initial lease
termination, approximately $139,000 related to equipment sold to the lessee
subsequent to initial lease termination and approximately $221,000 related to
NRV assessments; offset by reversal of $200,000 of provision for losses. The
General Partner reviewed the accounts receivable balances during the nine months
ended September 30, 2003 and determined that the accounts receivable allowance
was greater than the amount required because of the General Partner's efforts to
collect receivables owed to the Partnership.

                                       11
<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 is in its liquidation period, as defined in the Partnership
Agreement. The Partnership is not purchasing additional equipment and initial
leases are expiring with the equipment being remarketed (i.e., re-leased,
renewed, or sold). As a result, the size of the Partnership's lease portfolio is
decreasing, which results in a corresponding decrease in leasing revenue. Even
so, because the liquidation period extends over an undefined number of
accounting periods, the accompanying financial statements have been prepared on
a going concern basis that contemplates the realization of assets and payments
of liabilities in the ordinary course of business, which is in accordance with
accounting principles generally accepted in the United States of America.

The Partnership funds its operating activities principally with cash from rents
and sales of off-lease equipment. Available cash and cash reserves of the
Partnership are invested in short-term government securities (considered cash
equivalents) pending distribution to partners.

During the nine months ended September 30, 2003, the Partnership declared
distributions to the Class A limited partners of $5,075,380 ($475,775 of which
was paid during October 2003). All such distributions are expected to constitute
a return of capital for economic purposes. 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 that
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 2003, to meet current operating
requirements and fund cash distributions to partners in accordance with the
Partnership Agreement. All distributions are expected to be a return of capital
for economic and accounting purposes. Additionally, the General Partner
anticipates that all equipment owned by the Partnership will be sold and the
Partnership liquidated during 2005 or 2006.

                                       12
<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 2002 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 that 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.


Item 4.  Controls and Procedures

The Partnership carried out an evaluation as of September 30, 2003, under the
supervision and with the participation of the General Partner's management,
including the President and Director, and the Chief Accounting Officer, of the
effectiveness of the design and operation of the Partnership's disclosure
controls and procedures as defined in Rule 13a-15(e) of the Securities Exchange
Act of 1934. Based upon that evaluation, the President and Director, and the
Chief Accounting Officer, concluded that the Partnership's disclosure controls
and procedures are effective in timely alerting them to material information
relating to the Partnership required to be included in this Quarterly Report on
Form 10-Q. There have been no changes in the Partnership's internal controls
over financial reporting that occurred during the quarter ended September 30,
2003 that have materially affected, or are reasonably likely to materially
affect, the Partnership's internal control over financial reporting.

                                       13
<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 September 30, 2003.


                                       14
<PAGE>
                                Index to Exhibits

Exhibit
Number   Description
------   -----------
* 99.1   Certification by John F. Olmstead pursuant to 18 U.S.C. Section 1350,
         as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

* 99.2   Certification by Joseph F. Bukofski pursuant to 18 U.S.C. Section 1350,
         as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


*  Filed herewith


                                       15
<PAGE>
                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                   Signatures



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: November 14, 2003            By: /s/John F. Olmstead
                                        -------------------
                                    John F. Olmstead
                                    President and Director
                                    (Principal Executive Officer)

                                    CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                    By:  CAI Equipment Leasing V Corp.


Dated: November 14, 2003            By: /s/Joseph F. Bukofski
                                        ---------------------
                                    Joseph F. Bukofski
                                    Chief Accounting Officer
                                    (Principal Accounting and Financial Officer)


                                       16
<PAGE>
                            SECTION 302 CERTIFICATION

I, John F. Olmstead, President and Director of CAI Equipment Leasing V Corp.,
the General Partner of Capital Preferred Yield Fund-IV, L.P. (the
"Partnership"), certify that:

     1. I have reviewed this report of the Partnership on Form 10-Q for the
quarterly period ended September 30, 2003;

     2. Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading as with respect to the period covered by this report;

     3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Partnership as of, and for, the periods presented in this report;

     4. The Partnership's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Partnership and have:

          a. designed such disclosure controls and procedures , or caused such
     disclosure controls and procedures to be designed under our supervision, to
     ensure that material information relating to the Partnership is made known
     to us by others within this entity, particularly during the period in which
     this report is being prepared;

          b. evaluated the effectiveness of the Partnership's disclosure
     controls and procedures and presented in this report our conclusions about
     the effectiveness of the disclosure controls and procedures, as of the end
     of the period covered by this report based on such evaluation; and

          c. disclosed in this report any change in the Partnership's internal
     control over financial reporting that occurred during the Partnership's
     most recent fiscal quarter (the Partnership's fourth fiscal quarter in the
     case of an annual report) that has materially affected, or is reasonably
     likely to materially affect, the Partnership's internal control over
     financial reporting; and

     5. The Partnership's other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial reporting, to
the Partnership's auditors:

          a. all significant deficiencies and material weaknesses in the design
     or operation of internal controls over financial reporting which are
     reasonably likely to adversely affect the Partnership's ability to record,
     process, summarize and report financial information; and

          b. any fraud, whether or not material, that involves management or
     other employees who have a significant role in the Partnership's internal
     controls over financial reporting.

                                        /s/ John F. Olmstead
                                       ------------------------
                                           John F. Olmstead
                                        President and Director
                                    (Principal Executive Officer)
                                          November 14, 2003

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<PAGE>
                            SECTION 302 CERTIFICATION

I, Joseph F. Bukofski, Chief Accounting Officer of CAI Equipment Leasing V
Corp., the General Partner of Capital Preferred Yield Fund-IV, L.P. (the
"Partnership"), certify that:

     1. I have reviewed this report of the Partnership on Form 10-Q for the
quarterly period ended September 30, 2003;

     2. Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading as with respect to the period covered by this report;

     3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Partnership as of, and for, the periods presented in this report;

     4. The Partnership's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Partnership and have:

          a. designed such disclosure controls and procedures , or caused such
     disclosure controls and procedures to be designed under our supervision, to
     ensure that material information relating to the Partnership is made known
     to us by others within this entity, particularly during the period in which
     this report is being prepared;

          b. evaluated the effectiveness of the Partnership's disclosure
     controls and procedures and presented in this report our conclusions about
     the effectiveness of the disclosure controls and procedures, as of the end
     of the period covered by this report based on such evaluation; and

          c. disclosed in this report any change in the Partnership's internal
     control over financial reporting that occurred during the Partnership's
     most recent fiscal quarter (the Partnership's fourth fiscal quarter in the
     case of an annual report) that has materially affected, or is reasonably
     likely to materially affect, the Partnership's internal control over
     financial reporting; and

     5. The Partnership's other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial reporting, to
the Partnership's auditors:

          a. all significant deficiencies and material weaknesses in the design
     or operation of internal controls over financial reporting which are
     reasonably likely to adversely affect the Partnership's ability to record,
     process, summarize and report financial information; and

          b. any fraud, whether or not material, that involves management or
     other employees who have a significant role in the Partnership's internal
     controls over financial reporting.

                                       /s/ Joseph F. Bukofski
                                      --------------------------
                                          Joseph F. Bukofski
                                       Chief Accounting Officer
                             (Principal Accounting and Financial Officer)
                                          November 14, 2003

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