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, 1997
                              --------------------------------------------------

                                       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.)

 7175 West Jefferson Avenue, Suite 4000
         Lakewood, Colorado                               80235
----------------------------------------                ----------
(Address of principal executive offices)                (Zip Code)


        Registrant's telephone number, including area code (303) 980-1000
                                                           --------------

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, 1997


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



PART I.   FINANCIAL INFORMATION                                             PAGE
                                                                            ----
    Item 1.  Financial Statements (Unaudited)

               Balance Sheets - June 30, 1997 and December 31, 1996          3

               Statements  of  Income - Three and Six  months  ended
               June   30,   1997  and  for  the   period   from  the
               Commencement
               of Operations (April 16, 1996) to June 30, 1996               4

               Statement of Partner's Capital - January 1, 1997 -
               June 30, 1997                                                 5

               Statements  of Cash Flows - Six months ended June 30,
               1997 and for the period from the Commencement
               of Operations (April 16, 1996) to June 30, 1996               6

               Notes to Financial Statements                               7 - 9

    Item 2.  Management's Discussion and Analysis of Financial Condition
             and Results of Operations                                   10 - 12


PART II.  OTHER INFORMATION

    Item 1.  Legal Proceedings                                               13

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

             Signature                                                       14


                                        2

<PAGE>



                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                  BALANCE SHEET
                                   (Unaudited)


                                     ASSETS

                                                       June 30,     December 31,
                                                         1997           1996
                                                     -----------     -----------

Cash and cash equivalents                            $ 6,602,408     $ 3,286,072
Accounts receivable                                      306,233          76,524
Receivable from affiliates                                13,057               -
Net investment in direct finance leases                3,696,432         182,328
Leased equipment, net                                 36,898,920      13,107,533
                                                     -----------     -----------

     Total assets                                    $47,517,050     $16,652,457
                                                     ===========     ===========


                        LIABILITIES AND PARTNERS' CAPITAL

LIABILITIES:

Accounts payable and accrued liabilities             $   493,601     $   658,229
Payable to affiliates                                     77,026          43,483
Rents received in advance                                 14,603          31,991
Distributions payable to partners                        292,583         128,898
Discounted lease rentals                              20,974,612       2,765,239
                                                     -----------     -----------
         Total liabilities                            21,852,425       3,627,840
                                                     -----------     -----------

PARTNERS' CAPITAL:
     General partner                                           -               -

     Limited Partners:
         Class A                                      25,367,938      12,878,374
         Class B                                         296,687         146,243
                                                     -----------     -----------

Total partners' capital                               25,664,625      13,024,617
                                                     -----------     -----------

Total liabilities and partners' capital              $47,517,050     $16,652,457
                                                     ===========     ===========

   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>


                                                                               For the period                        For the period
                                                                                 from the                              from the
                                                                                Commencement                          Commencement
                                                               Three Months     of Operations        Six Months      of Operations
                                                                 ended        (April 16, 1996)         ended        (April 16, 1996)
                                                              June 30, 1997   to June 30, 1996     June 30, 1997    to June 30, 1996
                                                              -------------   ----------------     -------------    ----------------
<S>                                                            <C>              <C>                 <C>               <C>       
REVENUE:
     Operating lease rentals                                    $2,842,519       $   56,739          $4,348,365        $   56,739
     Direct finance lease income                                    72,160                -             100,282                 -
     Interest income                                                45,829            5,079              95,807             5,079
                                                                ----------       ----------          ----------        ----------
         Total revenue                                           2,960,508           61,818           4,544,454            61,818
                                                                ----------       ----------          ----------        ----------

EXPENSES:
     Depreciation and amortization                               2,305,959           28,283           3,497,553            28,283
     Direct services from general partner                           19,238            6,855              41,410             6,855
     Management fees paid to general partner                        60,585              761              90,698               761
     General and administrative                                     36,748              741              72,625               741
     Interest on discounted lease rentals                          359,961                -             508,849                 -
                                                                ----------       ----------          ----------        ----------
         Total expenses                                          2,782,491           36,640           4,211,135            36,640
                                                                ----------       ----------          ----------        ----------

NET INCOME                                                      $  178,017       $   25,178          $  333,319        $   25,178
                                                                ==========       ==========          ==========        ==========

NET INCOME ALLOCATED:
     To the general partner                                     $   17,933       $    3,762          $   34,473        $    3,762
     To the Class A limited partners                               158,454           21,197             295,802            21,197
     To the Class B limited partner                                  1,630              219               3,044               219
                                                                ----------       ----------          ----------        ----------
                                                                $  178,017       $   25,178          $  333,319        $   25,178
                                                                ==========       ==========          ==========        ==========

Net income per weighted average Class A
          limited partner unit outstanding$                            .58       $     1.07          $     1.26        $     1.07
                                                                ==========       ==========          ==========        ==========

Weighted average Class A limited partner
        units outstanding                                          271,648           19,754             234,694            19,754
                                                                ==========       ==========          ==========        ==========

</TABLE>










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

                                        4

<PAGE>



                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                         STATEMENT OF PARTNERS' CAPITAL
                     For the six months ended June 30, 1997
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                              Class A
                                                              Limited           Class A              Class B
                                          General             Partners          Limited              Limited
                                          Partner              Units            Partners             Partner              Total
                                        ------------        ------------       ------------        ------------        ------------
<S>                                    <C>                     <C>            <C>                 <C>                 <C>         

Partners' capital,
  January 1, 1997                       $          -             154,503       $ 12,878,374        $    146,243        $ 13,024,617
Capital contributions                              -             156,750         15,670,067             160,000          15,830,067
Volume discount                                    -                   -             (6,000)                  -              (6,000)
Commissions and offering
  costs on sale of Class A
  limited partner units                      (22,532)                  -         (2,224,611)                  -          (2,247,143)
Redemptions                                        -                   -             (7,274)                  -              (7,274)
Net income                                    34,473                   -            295,802               3,044             333,319
Distributions declared
  to partners                                (11,941)                  -         (1,238,420)            (12,600)         (1,262,961)
                                        ------------        ------------       ------------        ------------        ------------

Partners' capital,
  June 30, 1997                        $           -             311,253       $ 25,367,938        $    296,687        $ 25,664,625
                                        ============        ============       ============        ============        ============

</TABLE>
















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

                                        5

<PAGE>



                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                                     For the period
                                                                                                                        from the
                                                                                                                      Commencement
                                                                                               Six months             of Operations
                                                                                                 ended              (April 16, 1996)
                                                                                              June 30, 1997         to June 30, 1996
                                                                                              -------------         ----------------

<S>                                                                                          <C>                      <C>         
NET CASH PROVIDED BY OPERATING ACTIVITIES                                                     $  3,812,110             $     58,386
                                                                                              ------------             ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchases of equipment on operating leases from affiliate                                 (13,968,184)              (1,057,576)
     Investment in direct finance leases, acquired from affiliate                                 (536,466)                       -
                                                                                              ------------             ------------
Net cash used in investing activities                                                          (14,504,650)              (1,057,576)
                                                                                              ------------             ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
     Proceeds from Class A capital contributions                                                15,670,067                2,532,424
     Proceeds from Class B capital contributions                                                   160,000                   20,000
     Proceeds from discounted lease rentals                                                      3,695,735                        -
     Principal payments on discounted lease rentals                                             (2,159,424)                       -
     Redemptions of Class A limited partner units                                                   (7,274)                       -
     Commissions paid to affiliate in connection
         with the sale of Class A limited partner units                                         (1,573,007)                (250,315)
     Non-accountable organization and offering expenses
         reimbursement paid to the general partner in connection
         with the sale of Class A limited partner units                                           (677,944)                (100,026)
     Distributions to partners                                                                  (1,099,277)                  (5,139)
                                                                                              ------------             ------------
Net cash provided by financing activities                                                       14,008,876                2,196,944
                                                                                              ------------             ------------
NET INCREASE IN CASH AND CASH EQUIVALENTS                                                        3,316,336                1,197,754

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                                 3,286,072                        -
                                                                                              ------------             ------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                    $  6,602,408             $  1,197,754
                                                                                              ============             ============

Supplemental disclosure of cash flow information:
     Interest paid on discounted lease rentals                                                $    508,849             $          -
Supplemental disclosure of noncash investing and
financing activities:
     Discounted lease rentals assumed in equipment acquisitions                                 16,673,062                        -

</TABLE>


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

                                        6

<PAGE>



                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                             NOTES TO BALANCE SHEET
                                   (Unaudited)


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

     The  accompanying  unaudited  balance sheet has 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 only of normal recurring  adjustments)  considered
     necessary for a fair presentation have been included.  The balance sheet at
     December 31, 1996 has been derived  from the audited  financial  statements
     included in the  Partnership's  1996 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, 1996 (the "1996
     Form 10-K"), previously filed with the Securities and Exchange Commission.


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

     SALES COMMISSIONS AND OFFERING COSTS

     Under the terms of the Partnership Agreement,  CAI Securities  Corporation,
     an  affiliate  of  the  general  partner,  is  entitled  to  receive  sales
     commissions  and  wholesaling  fees  equal  to 10% of the  Class A  limited
     partners' capital contributions, up to 9% of which is paid to participating
     broker-dealers.  During the six months ended June 30, 1997,  CAI Securities
     Corporation  earned  commissions  and  fees  in the  amount  of  $1,567,007
     ($1,336,866 of which was paid to participating broker-dealers).

     As provided  in the  Partnership  Agreement,  the  general  partner  earned
     $626,803 as reimbursement for expenses incurred during the six months ended
     June 30, 1997 in connection  with the  organization  of the Partnership and
     the offering of Class A limited  partner  units.  The general  partner also
     received  $53,333 ($30,779 of which was paid in July 1997) as reimbursement
     for due diligence  expenses  incurred  during the six months ended June 30,
     1997.

     As  provided in the  Prospectus,  a volume  discount,  equal to 1.0% of the
     purchase  price per unit for all purchases of $500,000 or more, was granted
     during the six months ended June 30, 1997 in the amount of $6,000.


                                        7

<PAGE>


                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                             NOTES TO BALANCE SHEET
                                   (Unaudited)


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

     DIRECT SERVICES:

     The  general  partner  and  its  affiliates  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.  Such reimbursements totaled $41,410 ($6,232 of
     which were paid in July 1997) during the six months ended June 30, 1997.

     PAYABLE TO AFFILIATES:

     Payable to affiliates  consists of direct services,  management fees, sales
     commissions,   wholesaling   fees,   organization   and  offering   expense
     reimbursements with respect to Class A limited partner units payable to the
     general partner and its affiliates.

     RECEIVABLE FROM AFFILIATES

     Receivable  from affiliates  represents a $10,000 Class B contribution  for
     June that was paid in July and an  overpayment  of  $3,057  to the  general
     partner for equipment purchased during June of 1997.

3.   During the period  ending  June 30,  1997,  the  Partnership  acquired  the
     equipment  described  below from  Capital  Associates  International,  Inc.
     ("CAII"):

<TABLE>
<CAPTION>

                                                                                                                       Total
                                                                                                Acquisition           Equipment
                                                                              Cost of            Fees and             Purchase
           Lessee                            Equipment Description           Equipment         Reimbursements           Price
     ---------------------                   ---------------------           ----------        --------------        ----------

    <S>                                     <C>                             <C>                 <C>                 <C>       
     Alcoa Fujikura                          Forklifts                       $1,462,149          $   49,555          $1,511,704
     Alliant Techsystems                     Lathe                              242,205               8,392             250,597
     Applied Magnetics                       Teching system                   1,182,922              40,988           1,223,910
     Arqule, Inc.                            Research & development           2,332,820              80,832           2,413,652
     Brown Strauss                           Forklifts                          271,923               9,422             281,345
     Burlingame Industries                   Forklifts                           63,433               2,198              65,631
     Christy's Market                        Foodservice equipment              761,846              26,398             788,244
     Chrysler Corp                           Forklifts                        1,020,599              35,364           1,055,963
     Consolidated Diesel                     Burden carriers                     18,376                 637              19,013
     Darigold, Inc.                          Forklifts                           81,230               2,815              84,045
     Dewolfe Company                         Computer equipment                 553,977              19,195             573,172
     Enogex Inc.                             Computer equipment                 915,365              31,717             947,082

                                        8

<PAGE>


                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                             NOTES TO BALANCE SHEET
                                   (Unaudited)


3.    continued

                                                                                                                       Total
                                                                                                Acquisition           Equipment
                                                                              Cost of            Fees and             Purchase
           Lessee                            Equipment Description           Equipment         Reimbursements           Price
     ---------------------                   ---------------------           ----------        --------------        ----------
     
     General Motors                        Forklifts                            $   648,200       $    22,460       $   670,660
     General Motors Corp.                  Machine tools                            269,075             9,323           278,398
     Genetics Institute                    Research & development                 1,008,407            34,941         1,043,348
     Georgetown Steel                      Lift trucks                               91,558             3,172            94,730
     GS Technologies                       Truck scale                               57,821             2,004            59,825
     Heluva Good Cheese                    Material handling                         47,066             1,599            48,665
     Home Depot, Inc.                      Lift trucks                              555,952            18,864           574,816
     Hughes Aircraft                       Lift trucks                              338,459            11,728           350,187
     In Home Health, Inc.                  Furniture, fixture & equipment            13,063               453            13,516
     International Paper                   Material handling equipment              447,538            15,507           463,045
     Lear Corp.                            Computer equipment                        70,730             2,348            73,078
     Lexmark                               Stencil printers                         675,514            23,407           698,921
     Louisiana Workers Comp                Computer equipment                        53,671             1,860            55,531
     Lucas Industries                      Manufacturing equipment                  823,887            28,548           852,435
     Matsushita                            Phone system                             110,432             3,826           114,258
     Morgan Construction                   Production equipment                   1,278,202            44,290         1,322,492
     Nabisco                               Sweeper                                   17,248               598            17,846
     National Broadcasting Co.             Broadcast video equipment                319,785             9,879           329,664
     New York Hospital                     Imaging system                           228,796             7,928           236,724
     Northwestern University               Test equipment                           137,343             4,759           142,102
     Oklahoma Gas & Electric               Computer equipment                     2,862,444            99,184         2,961,628
     Owens Corning                         Computer equipment                       938,157            32,507           970,664
     Precision Castparts                   Forklifts                                157,036             5,441           162,477
     Robertshaw Controls                   Manufacturing equipment                1,350,201            46,784         1,396,985
     Texas Instruments                     Manufacturing equipment                  620,338            21,495           641,833
     The Foxboro Company                   Manufacturing equipment                4,584,226           158,843         4,743,069
     Thomson Industries                    Manufacturing equipment                  493,409            17,097           510,506
     Total System Services                 Mail sorter                            1,043,330            35,388         1,078,718
     Triconex Corporation                  Manufacturing                            462,208            16,016           478,224
     Unicco Service Co.                    Sweeper/scrubber                          30,648             1,062            31,710
     United Artists                        Projection equipment                     663,318            22,984           686,302
     Universal Forest Products             Forklifts                                147,962             5,127           153,089
     US Sugar                              Excavator                                327,528            11,349           338,877
     USS/Kobe Steel                        Lift trucks                              276,157             9,569           285,726
     Xerox                                 Test equipment                            80,515             2,790            83,305
                                                                                -----------       -----------       -----------
                                                                                $30,137,069       $ 1,040,643       $31,177,712
                                                                                ===========       ===========       ===========
</TABLE>


      As of June 30, 1997, the general  partner had  identified  $4.5 million of
      equipment that  satisfied the  Partnership's  investment  criteria that is
      expected to be acquired during the remainder of 1997.

                                        9

<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
---------------------

The Partnership  reported net income of $333,319,  or $1.26 per weighted average
Class A limited partner unit, for the six months ended June 30, 1997. Net income
was  principally  derived from rentals  generated from  $45,169,021 of equipment
owned by the Partnership as of June 30, 1997.

A comparison of current  operating  results to the  corresponding  period of the
prior year  cannot be made since the  Partnership  did not  commence  operations
until April 16, 1996.

The  ultimate   profitability  of  the  Partnership's  leasing  transactions  is
dependent in part on the general level of interest  rates at the time the leases
are  originated,  as  well  as  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).


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

The  Partnership  was  formed on  December  18,  1995.  On April 16,  1996,  the
Partnership commenced offering 500,000 Class A limited partner units at $100 per
unit for sale to investors.  On June 3, 1996, the  Partnership  held its initial
closing, receiving gross offering proceeds of $1,200,000 from the sale of 12,000
Class A limited partner units. The Partnership  intends to continue  offering up
to 500,000 Class A limited partner units for sale and admitting additional Class
A limited partners through April 15, 1998.

A summary of the  Partnership's  offering  activities  from the  commencement of
operations to June 30, 1997 is presented below:

  Class A limited partner units sold                                    311,253
                                                                   ============

  Gross offering proceeds including volume discounts of $6,000     $ 31,125,349
  Sales commissions                                                  (3,112,535)
  Organization and offering expenses                                 (1,245,014)
  Due diligence expenses                                               (119,963)
                                                                   ------------
     Net offering proceeds                                         $ 26,647,837
                                                                   ============

  Class B limited partner (CAII) cash contribution                 $    310,000
                                                                   ============

                                       10

<PAGE>


                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

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


Liquidity & Capital Resources, continued
-----------------------------

A summary of the Partnership's  offering  activities for the first six months of
1997 is presented below:

  Class A limited partner units sold                                    156,700
                                                                   ============

  Gross offering proceeds including volume discounts of $6,000     $ 15,670,067
  Sales commissions                                                  (1,567,007)
  Organization and offering expenses                                   (626,803)
  Due diligence expenses                                                (53,333)
                                                                   ------------
     Net offering proceeds                                         $ 13,422,924
                                                                   ============

  Class B limited partner (CAII) cash contribution                 $    160,000
                                                                   ============

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 the partners.

During the six months ended June 30, 1997, the  Partnership  acquired  equipment
subject  to  leases  with a  total  purchase  price  of  $31,177,712  (including
$16,673,062  of  discounted  lease  rentals).  As of June 30, 1997,  the general
partner had identified  $4.5 million of additional  equipment that satisfied the
Partnership's acquisition criteria that is expected to be acquired during 1997.

During  the  six  months  ended  June  30,  1997,   the   Partnership   declared
distributions to the Class A limited  partners of $1,238,420  ($282,582 of which
was paid during July  1997).  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  by a
partnership  which  exceeds its net income for the fiscal period may be deemed a
return of capital for accounting  purposes.  However,  the total percentage of a
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. For the six
months ended June 30, 1997,  approximately 76% of the cash  distributions to the
partners  of the  Partnership  constituted  a return of capital  for  accounting
purposes.   This   percentage  may  not  be  reflective  of  the  percentage  of
distributions  that  constitutes a return of capital at any subsequent  point in
time.

                                       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, continued
-----------------------------

The general partner believes that the Partnership will generate  sufficient cash
flows  from  operations  during  the  remainder  of 1997,  to (1)  meet  current
operating  requirements,  (2) enable it to fund cash  distributions  to both the
Class A and Class B limited partners at annualized  rates of 10.5%  (substantial
portions  of which are  expected to  constitute  returns of  capital),  of their
capital  contributions,  and (3) reinvest in additional  equipment under leases,
provided that suitable equipment can be identified and acquired.



                                       12

<PAGE>



                      CAPITAL PREFERRED YIELD FUND-IV, L.P.

                                    PART II.

                                OTHER INFORMATION



Item 1.    Legal Proceedings

           The  Partnership  is not a party to any  material  legal  proceedings
           outside the ordinary course of its business.

Item 6.    Exhibits and Reports on Form 8-K

           (a)    None.

           (b)    The  Partnership  did not file any  reports on Form 8-K during
                  the quarter ended June 30, 1997.


                                       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 8, 1997             By:  /s/Anthony M. DiPaolo
                                        ---------------------
                                        Anthony M. DiPaolo
                                        Senior Vice President