<TABLE> <S> <C>


<ARTICLE>                     5
<CIK>                         0000748901
<NAME>                                                   PS PARTNERS IV, LTD.
 <MULTIPLIER>                                                               1
<CURRENCY>                                                             U.S. $
       
<S>                                                                       <C>
<PERIOD-TYPE>                                                           3-MOS
<FISCAL-YEAR-END>                                                 DEC-31-1998
<PERIOD-START>                                                     JAN-1-1998
<PERIOD-END>                                                      MAR-31-1998
<EXCHANGE-RATE>                                                             1
<CASH>                                                              1,857,000
<SECURITIES>                                                                0
<RECEIVABLES>                                                           3,000
<ALLOWANCES>                                                                0
<INVENTORY>                                                                 0
<CURRENT-ASSETS>                                                    1,860,000
<PP&E>                                                              1,624,000
<DEPRECIATION>                                                      (597,000)
<TOTAL-ASSETS>                                                     19,879,000
<CURRENT-LIABILITIES>                                                 151,000
<BONDS>                                                                     0
<PREFERRED-MANDATORY>                                                       0
<PREFERRED>                                                                 0
<COMMON>                                                                    0
<OTHER-SE>                                                         19,728,000
<TOTAL-LIABILITY-AND-EQUITY>                                       19,879,000
<SALES>                                                                     0
<TOTAL-REVENUES>                                                      602,000
<CGS>                                                                       0
<TOTAL-COSTS>                                                          33,000
<OTHER-EXPENSES>                                                       35,000
<LOSS-PROVISION>                                                            0
<INTEREST-EXPENSE>                                                          0
<INCOME-PRETAX>                                                       534,000
<INCOME-TAX>                                                                0
<INCOME-CONTINUING>                                                   534,000
<DISCONTINUED>                                                              0
<EXTRAORDINARY>                                                             0
<CHANGES>                                                                   0
<NET-INCOME>                                                          534,000
<EPS-PRIMARY>                                                            3.74
<EPS-DILUTED>                                                            3.74
        

</TABLE>