UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   -----------

                                   FORM 10-QSB

  X    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
-----  OF 1934

                For the quarterly period ended September 30, 2000

                                       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 0-18278
                                                -------

                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP
--------------------------------------------------------------------------------
                                   Registrant

            California                                    68-0191380
---------------------------------             ----------------------------------
      State of Jurisdiction                   I.R.S. Employer Identification No.


2401 Kerner Boulevard, San Rafael, California             94901-5527
--------------------------------------------------------------------------------
   Address of Principal Executive Offices                  Zip Code

       Registrant's telephone number, including area code: (415) 485-4500
                                                           --------------

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  Registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
preceding requirements for the past 90 days.

                              Yes   X      No
                                  -----       -----

6,192,840 Units of Limited Partnership Interest were outstanding as of September
30, 2000.

Transitional small business disclosure format:

                              Yes          No   X
                                  -----       -----

                                  Page 1 of 13
<PAGE>

                          Part I. Financial Information
                          -----------------------------
                          Item 1. Financial Statements
                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP
                           CONSOLIDATED BALANCE SHEETS
                 (Amounts in Thousands Except for Unit Amounts)
                                   (Unaudited)

                                                     September 30,  December 31,
                                                         2000           1999
                                                         ----           ----
ASSETS
Cash and cash equivalents                              $11,220        $ 7,732

Accounts receivable (net of allowance for losses on
   accounts receivable of $84 and $161 at September
   30, 2000 and December 31, 1999, respectively)           225             95

Notes receivable (net of allowance for losses on
   notes receivable of $11 and $409 at September 30,
   2000 and December 31, 1999, respectively)             1,144          2,060

Equipment on operating leases and held for lease (net
   of accumulated depreciation of $126 and $2,371 at
   September 30, 2000 and December 31, 1999,
   respectively)                                          --                8

Net investment in financing leases (net of allowance
   for early terminations of $3 and $11 at September
   30, 2000 and December 31, 1999, respectively)           266          1,090

Capitalized acquisition fees (net of accumulated
   amortization of $10,881 and $10,811 at September
   30, 2000 and December 31, 1999, respectively)            50            120

Marketable securities                                      140             42

Other assets                                              --              101
                                                       -------        -------

     Total Assets                                      $13,045        $11,248
                                                       =======        =======

LIABILITIES AND PARTNERS' CAPITAL
Liabilities

   Accounts payable and accrued expenses               $   722        $   846
                                                       -------        -------

     Total Liabilities                                     722            846
                                                       -------        -------

Partners' Capital
   General Partner                                        --             --

   Limited  Partners, 6,500,000 units authorized,
     6,492,727 units issued, 6,192,840 units
     outstanding at September 30, 2000 and
     December 31, 1999                                  12,183         10,361

   Accumulated other comprehensive income                  140             41
                                                       -------        -------

     Total Partners' Capital                            12,323         10,402
                                                       -------        -------

Total Liabilities and Partners' Capital                $13,045        $11,248
                                                       =======        =======

        The accompanying notes are an integral part of these statements.

                                       2
<PAGE>

                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                            AND COMPREHENSIVE INCOME
               (Amounts in Thousands Except for Per Unit Amounts)
                                   (Unaudited)

                                          Three Months Ended  Nine Months Ended
                                            September 30,        September 30,
                                            2000      1999      2000      1999
                                            ----      ----      ----      ----
INCOME
   Rental income                          $    67   $   114   $   639   $   382
   Earned income, financing leases            (11)       65        80       285
   Gain on sale of equipment                   29        35       211        97
   Gain on sale of securities                 152       163       410       397
   Equity in earnings from joint
     ventures, net                           --          67         6       140
   Interest income, notes receivable          215       226       350       526
   Other income                               177        95       450       275
                                          -------   -------   -------   -------
     Total Income                             629       765     2,146     2,102
                                          -------   -------   -------   -------

EXPENSES
   Depreciation                              --          19         8       145
   Amortization of acquisition fees            23        40        70       157
   Lease related operating expenses            37      --          57        16
   Management fees to General Partner          35        54       131       188
   Reimbursed administrative costs to
     General Partner                           46        27       162       142
   Provision for (recovery of) losses
     on receivables                            35      --        (359)       37
   Legal expense                               29        82       168       218
   General and administrative expenses         21        37        87       113
                                          -------   -------   -------   -------
     Total Expenses                           226       259       324     1,016
                                          -------   -------   -------   -------
NET INCOME                                    403       506     1,822     1,086

Other comprehensive income:
   Unrealized gains (losses) on
    securities:
     Unrealized holding gains (losses)
       arising during period                 (103)      332       508       185
     Less:  reclassification adjustment
            for gains included in net
            income                           (152)     (162)     (410)     (397)
                                          -------   -------   -------   -------
   Other comprehensive income                (255)      170        98      (212)
                                          -------   -------   -------   -------
COMPREHENSIVE INCOME                      $   148   $   676   $ 1,920   $   874
                                          =======   =======   =======   =======

NET INCOME PER LIMITED
   PARTNERSHIP UNIT                       $   .06   $   .07   $   .29   $   .14
                                          =======   =======   =======   =======

DISTRIBUTIONS PER LIMITED
   PARTNERSHIP UNIT                       $  --     $   .25   $  --     $   .75
                                          =======   =======   =======   =======

ALLOCATION OF NET INCOME:
     General Partner                      $  --     $    81   $  --     $   244
     Limited Partners                         403       425     1,822       842
                                          -------   -------   -------   -------
                                          $   403   $   506   $ 1,822   $ 1,086
                                          =======   =======   =======   =======

        The accompanying notes are an integral part of these statements.

                                       3
<PAGE>

                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Amounts in Thousands)
                                   (Unaudited)

                                                             Nine Months Ended
                                                                September 30,
                                                              2000        1999
                                                              ----        ----
Operating Activities:
--------------------
   Net income                                               $  1,822   $  1,086

   Adjustments to reconcile net income to net cash
     provided by operating activities:
       Depreciation                                                8        145
       Amortization of acquisition fees                           70        157
       Equity in earnings from joint ventures, net                (6)      (140)
       Gain on sale of equipment                                (211)       (97)
       Provision for early termination, financing leases           6       --
       Provision for (recovery of) losses on notes
         receivable                                             (325)        37
       Recovery of losses on accounts receivable                 (40)      --
       Gain on sale of securities                               (410)      (397)
       Decrease (increase) in accounts receivable                (90)        19
       Decrease in accounts payable and accrued expenses        (124)       (80)
       Decrease in other assets                                   39         27
                                                            --------   --------

Net cash provided by operating activities                        739        757
                                                            --------   --------

Investing Activities:
--------------------
   Principal payments, financing leases                          755      2,197
   Principal payments, notes receivable                        1,241      1,471
   Proceeds from sale of equipment                               274         98
   Proceeds from sale of securities                              410        397
   Distributions from joint ventures                              69        468
                                                            --------   --------

Net cash provided by investing activities                      2,749      4,631
                                                            --------   --------

Financing Activities:
--------------------
   Distributions to partners                                    --       (4,888)
                                                            --------   --------

Net cash used in financing activities                           --       (4,888)
                                                            --------   --------

Increase in cash and cash equivalents                          3,488        500

Cash and cash equivalents, beginning of period                 7,732      6,877
                                                            --------   --------

Cash and cash equivalents, end of period                    $ 11,220   $  7,377
                                                            ========   ========

        The accompanying notes are an integral part of these statements.

                                       4
<PAGE>

                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

Note 1.  General.
         -------

         The accompanying  unaudited condensed consolidated financial statements
have been prepared by the  Partnership  in accordance  with  generally  accepted
accounting  principles,  pursuant to the rules and regulations of the Securities
and  Exchange  Commission.  In  the  opinion  of  Management,   all  adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation  have  been  included.   Although   management  believes  that  the
disclosures are adequate to make the information presented not misleading, it is
suggested that these condensed financial  statements be read in conjunction with
the financial  statements and the notes included in the Partnership's  Financial
Statement, as filed with the SEC in the latest annual report on Form 10-K.

         The Partnership  Agreement  stipulates the methods by which income will
be allocated to the General Partner and the limited  partners.  Such allocations
will be made using income or loss calculated under Generally Accepted Accounting
Principles  for book purposes,  which varies from income or loss  calculated for
tax purposes.

         The  calculation  of items of income and loss for book and tax purposes
may result in book basis  capital  accounts that vary from the tax basis capital
accounts. The requirement to restore any deficit capital balances by the General
Partner  will  be  determined  based  on the  tax  basis  capital  accounts.  At
liquidation  of the  Partnership,  the General  Partner's  remaining  book basis
capital  accounts  will be reduced to zero through the  allocation  of income or
loss.

Note 2.  Reclassification.
         ----------------

         Reclassification  - Certain  1999  amounts  have been  reclassified  to
conform to the 2000 presentation.

Note 3.  Income Taxes.
         ------------

         Federal  and state  income tax  regulations  provide  that taxes on the
income  or loss of the  Partnership  are  reportable  by the  partners  in their
individual income tax returns. Accordingly, no provision for such taxes has been
made in the accompanying financial statements.

Note 4.  Notes Receivable.
         ----------------

         Impaired Notes  Receivable.  At September 30, 2000, the Partnership has
investments in notes  receivable,  before allowance for losses, of $1,155,000 of
which $13,000 is considered  to be impaired.  The impaired  loans of $13,000 are
net of specific  write-downs of $136,000.  The  Partnership has an allowance for
losses of $11,000 as of September 30, 2000. The average  recorded  investment in
impaired  loans  during the nine months  ended  September  30, 2000 and 1999 was
approximately $116,000 and $394,000, respectively.


                                       5
<PAGE>

         The activity in the allowance for losses on notes receivable during the
nine months ended September 30, is as follows:
                                                      2000      1999
                                                      ----      ----
                                                   (Amounts in Thousands)

         Beginning balance                           $   409   $ 2,375
              Provision for (recovery of) losses        (325)       37
              Write downs                                (73)   (1,607)
                                                     -------   -------
         Ending balance                              $    11   $   805
                                                     =======   =======

Note 5.  Net Income (Loss) and Distributions Per Limited Partnership Unit.
         ----------------------------------------------------------------

         Net income and distributions per limited partnership unit were based on
the limited  partners' share of net income and  distributions,  and the weighted
average  number of units  outstanding  of  6,192,840  for the nine months  ended
September 30, 2000 and 1999.  For purposes of  allocating  net income (loss) and
distributions to each individual limited partner, the Partnership  allocates net
income (loss) and distributions based upon each respective limited partner's net
capital contributions.

Note 6.  Investment in Joint Ventures.
         ----------------------------

Equipment Joint Venture
-----------------------

         The aggregate  financial  information of the equipment joint venture is
presented as follows:

                                        September 30,   December 31,
                                            2000           1999
                                            ----           ----
                                           (Amounts in Thousands)

         Assets                            $  --           $177
         Liabilities                          --             35
         Partners' Capital                    --            142


                                  Three Months Ended    Nine Months Ended
                                     September 30,         September 30,
                                   2000        1999       2000       1999
                                   ----        ----       ----       ----
                                           (Amounts in Thousands)

         Revenue                   $ --        $ 71       $ 16       $404
         Expenses                    --           4          3         53
         Net Income                  --          67         13        351

         The remaining equipment joint venture was closed during the nine months
ended September 30, 2000.


                                       6
<PAGE>

Financing Joint Venture
-----------------------

         The aggregate  financial  information of the financing joint venture is
presented as follows:

                                  Three Months Ended    Nine Months Ended
                                     September 30,         September 30,
                                   2000        1999       2000       1999
                                   ----        ----       ----       ----
                                           (Amounts in Thousands)

         Revenue                   $ --        $  7       $ --       $  2
         Expenses                    --         --          --        155
         Net (Income) Loss           --           7         --       (153)

         The  remaining  financing  joint  venture  was closed  during the third
quarter of 1999.

Foreclosed Cable Systems Joint Ventures
---------------------------------------

         The aggregate  combined  financial  information of the foreclosed cable
systems joint ventures is presented as follows:

                                  Three Months Ended    Nine Months Ended
                                     September 30,         September 30,
                                   2000        1999       2000       1999
                                   ----        ----       ----       ----
                                           (Amounts in Thousands)

         Revenue                   $ --        $122       $ --       $245
         Expenses                    --          27         --        187
         Net Income                  --          95         --         58

         The remaining  forclosed cable system joint ventures were closed during
1999.


                                       7
<PAGE>

Note 7.  Legal Proceedings.
         -----------------

         On October 28, 1997, a Class Action  Complaint  (the  "Complaint")  was
filed against Phoenix Leasing Inc., Phoenix Leasing Associates, II and III L.P.,
Phoenix   Securities  Inc.  and  Phoenix  American  Inc.  (the  "Companies")  in
California  Superior Court for the County of Sacramento by eleven individuals on
behalf of investors in Phoenix Leasing Cash Distribution  Funds I through V (the
"Partnerships").  The  Companies  were served with the  Complaint on December 9,
1997. The Complaint sought  declaratory and other relief  including  accounting,
receivership,  imposition of  constructive  trust and judicial  dissolution  and
winding up of the Partnerships,  and damages based on fraud, breach of fiduciary
duty and  breach  of  contract  by the  Companies  as  general  partners  of the
Partnerships.

         Plaintiffs  severed  one cause of action  from the  Complaint,  a claim
related to the marketing and sale of CDF V, and  transferred  it to Marin County
Superior Court (the "Berger  Action").  Plaintiffs  then dismissed the remaining
claims in  Sacramento  Superior  Court and re-filed  them in a separate  lawsuit
making similar allegations (the "Ash Action").

         The Ash  complaint  includes six causes of action:  breach of fiduciary
duty,  constructive  fraud,  judicial  dissolution of Cash Distribution Fund IV,
judicial  dissolution  of Cash  Distribution  Fund V,  accounting and alter ego.
Defendants  recently  answered the complaint and  discovery has  commenced.  The
plaintiffs'   depositions  have  been  taken,   and  plaintiffs   recently  took
depositions of defendants.

         The Berger  complaint  relates to  alleged  misrepresentations  made in
connection  with the offering of Cash  Distribution  V. Defendants have answered
the  complaint  and discovery has  commenced.  A class has been  certified.  The
plaintiffs'   depositions  have  been  taken,   and  plaintiffs   recently  took
depositions of defendants.

         On August 28, 2000, the Ash and Berger actions were  consolidated  (the
"Consolidated  Action")  pursuant to  stipulation  by both  parties.  Plaintiffs
recently  served a first  request for  production  in the  Consolidated  Action;
defendants  will  respond to the first  request for  production  on November 22,
2000.

         The Companies intend to vigorously defend the Consolidated Action.

         During  the  nine  months  ended  September  30,  2000  and  1999,  the
Partnership   recorded  legal  expenses  of   approximately   $0  and  $101,000,
respectively,  in connection with the above litigation as indemnification to the
General Partner.

         The  Partnership  is not a party to any legal  proceedings  which would
have a material adverse impact on its financial position.


                                       8
<PAGE>

                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP

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

Results of Operations

         Phoenix  Leasing  Cash  Distribution  Fund  IV,  a  California  limited
partnership (the "Partnership"),  reported net income of $403,000 and $1,822,000
during the three and nine months  ended  September  30, 2000,  respectively,  as
compared  to net income of  $506,000  and  $1,086,000  during the three and nine
months ended  September 30, 1999,  respectively.  The increase in net income for
the nine months ended  September 30, 2000,  compared to the same period in 1999,
is a result of an  increase  in rental  income and a recovery  of  provision  on
losses on notes receivable,  offset by decreases in earned income from financing
leases and interest income from notes receivable.

         Total income increased  $44,000 for the nine months ended September 30,
2000,  as  compared  to the same  period in 1999.  Rental  income  increased  by
$257,000 for the nine months  ended  September  30,  2000,  compared to the same
period in 1999. The increase in rental income is due to  settlements  related to
rental  activity being  recognized as income in the nine months ended  September
30, 2000; however, this was offset by a decrease in the Partnership's  equipment
portfolio. The Partnership owned equipment with an aggregate original cost of $2
million at September 30, 2000, as compared to $12 million at September 30, 1999.
Total income  decreased  $136,000 for the three months ended September 30, 2000,
as compared to the same period in 1999.  This  decrease was due to the fact that
no settlements  related to rental  activity were  recognized  during the quarter
ended September 30, 2000.

         The above increases in income were offset by decreases in earned income
from financing leases and interest income from notes receivable. The decrease in
earned  income from  financing  leases of $76,000 and $205,000 for the three and
nine months ended September 30, 2000, respectively,  compared to the same period
in the prior  year,  is due to a decrease  in the net  investment  in  financing
leases.  The net  investment  in financing  leases was $266,000 at September 30,
2000,  as  compared to $1 million at  September  30,  1999.  The  investment  in
financing leases, as well as earned income from financing leases,  will decrease
over the lease  term as the  Partnership  amortizes  income  over the lease term
using the interest method of accounting.

         Interest income from notes receivable decreased by $11,000 and $176,000
for the three and nine months ended September 30, 2000,  respectively,  compared
to the same  period  in  1999.  The  decrease  in  interest  income  from  notes
receivable is attributable to the decline in net investment in notes receivable,
which  was  partially  offset  by  the  receipt  of an  early  payoff  of a note
receivable.  At September 30, 2000, the net  investment in notes  receivable was
$1,144,000, compared to $2,510,000 at September 30, 1999.

         Total expenses  decreased by $33,000 and $692,000  during the three and
nine months  ended  September  30, 2000,  respectively,  as compared to the same
period in 1999.  The  decrease in total  expenses  for the three and nine months
ended September 30, 2000, compared to the same period in the previous year, is a
result of a change in the  estimated  allowances  for losses on  receivables  of
$35,000 and $396,000 as well as a decrease in nearly all of the items comprising

                                       9
<PAGE>

total  expenses,   with  depreciation  expense  contributing  the  next  largest
decrease.  These decreases are the result of the continued  decrease in the size
of the equipment portfolio.  Depreciation expense decreased $19,000 and $137,000
during  the  three and nine  months  ended  September  30,  2000,  respectively,
compared to 1999. This decrease is due to a decline in the amount of depreciable
equipment  owned by the  Partnership,  as well as, an increasing  portion of the
equipment owned by the Partnership becoming fully depreciated.

Liquidity and Capital Resources

     The Partnership's  asset portfolio  continues to decline as a result of the
ongoing  liquidation  of assets,  and  therefore,  it is expected  that the cash
generated from operations  will also decline.  The General Partner is continuing
its efforts in marketing these assets for sale.

         The  Partnership  reported net cash generated by equipment  leasing and
financing  activities of $2,735,000 and $4,425,000  during the nine months ended
September 30, 2000 and 1999, respectively. The net decrease in cash generated is
due to a decrease in payments on financing leases and notes receivable.

         The  Partnership  received cash  distributions  from joint  ventures of
$69,000  during the nine months ended  September  30, 2000,  as compared to cash
distributions  of  $468,000  during the same  period in 1999.  The  decrease  in
distributions  from joint ventures is  attributable to one joint venture closing
during the third quarter of 1999 and the other joint venture  closing during the
first quarter of 2000.

         Proceeds  from  the  sale of  equipment  increased  as a  result  of an
increase  in  sales  activity  of the  Partnership's  equipment  portfolio.  The
Partnership  sold  equipment  with a book value of $64,000  for the nine  months
ended September 30, 2000, compared to $17,000 for the same period in 1999.

         As of September 30, 2000,  the  Partnership  owned  equipment  held for
lease with an original  purchase  price of $297,000  and a net book value of $0,
compared to $4 million and $16,000,  respectively,  at September  30, 1999.  The
General  Partner  is  actively  engaged,  on  behalf  of  the  Partnership,   in
remarketing  and selling the  Partnership's  equipment as it becomes  available.
Until new  lessees  or buyers of  equipment  can be found,  the  equipment  will
continue to generate  depreciation  expense  without  any  corresponding  rental
income.  The  effect of this will be a  reduction  of the  Partnership  earnings
during this remarketing period.

         The total  cash  distributed  to  partners  for the nine  months  ended
September  30,  2000 was $0, as compared  to  $4,888,000  for the same period in
1999. In accordance with the  partnership  agreement,  the limited  partners are
entitled to 95% of the cash available for  distribution  and the General Partner
is entitled to 5%. As a result,  the limited partners received $0 and $4,644,000
in  distributions  during the nine  months  ended  September  30, 2000 and 1999,
respectively.   The  cumulative   distributions  to  the  Limited  Partners  are
$122,934,000 and  $121,945,000 as of September 30, 2000 and 1999,  respectively.
The General Partner received $0 and $244,000 for its share of the cash available
for  distribution  during the nine  months  ended  September  30, 2000 and 1999,
respectively.  The  Partnership is not planning to make  distributions  in 2000,
compared to the 1999 distribution rate of 5%.

                                       10
<PAGE>


         As provided for by the partnership  agreement,  the General Partner has
determined  to  exercise  its  discretion  that no  further  redemptions  in the
Partnership will be permitted after March 31, 1998.

         The cash to be  generated  from  leasing and  financing  operations  is
anticipated to be sufficient to meet the  Partnership's  continuing  operational
expenses.


                                       11
<PAGE>


                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP

                               September 30, 2000

                           Part II. Other Information.
                                    -----------------

Item 1.  Legal Proceedings.
         -----------------

         On October 28, 1997, a Class Action  Complaint  (the  "Complaint")  was
filed against Phoenix Leasing Inc., Phoenix Leasing Associates, II and III L.P.,
Phoenix   Securities  Inc.  and  Phoenix  American  Inc.  (the  "Companies")  in
California  Superior Court for the County of Sacramento by eleven individuals on
behalf of investors in Phoenix Leasing Cash Distribution  Funds I through V (the
"Partnerships").  The  Companies  were served with the  Complaint on December 9,
1997. The Complaint sought  declaratory and other relief  including  accounting,
receivership,  imposition of  constructive  trust and judicial  dissolution  and
winding up of the Partnerships,  and damages based on fraud, breach of fiduciary
duty and  breach  of  contract  by the  Companies  as  general  partners  of the
Partnerships.

         Plaintiffs  severed  one cause of action  from the  Complaint,  a claim
related to the marketing and sale of CDF V, and  transferred  it to Marin County
Superior Court (the "Berger  Action").  Plaintiffs  then dismissed the remaining
claims in  Sacramento  Superior  Court and re-filed  them in a separate  lawsuit
making similar allegations (the "Ash Action").

         The Ash  complaint  includes six causes of action:  breach of fiduciary
duty,  constructive  fraud,  judicial  dissolution of Cash Distribution Fund IV,
judicial  dissolution  of Cash  Distribution  Fund V,  accounting and alter ego.
Defendants  recently  answered the complaint and  discovery has  commenced.  The
plaintiffs'   depositions  have  been  taken,   and  plaintiffs   recently  took
depositions of defendants.

         The Berger  complaint  relates to  alleged  misrepresentations  made in
connection  with the offering of Cash  Distribution  V. Defendants have answered
the  complaint  and discovery has  commenced.  A class has been  certified.  The
plaintiffs'   depositions  have  been  taken,   and  plaintiffs   recently  took
depositions of defendants.

         On August 28, 2000, the Ash and Berger actions were  consolidated  (the
"Consolidated  Action")  pursuant to  stipulation  by both  parties.  Plaintiffs
recently  served a first  request for  production  in the  Consolidated  Action;
defendants  will  respond to the first  request for  production  on November 22,
2000.

         The Companies intend to vigorously defend the Consolidated Action.

Item 2.  Changes in Securities.  Inapplicable
         ---------------------

Item 3.  Defaults Upon Senior Securities.  Inapplicable
         -------------------------------

Item 4.  Submission of Matters to a Vote of Securities Holders.  Inapplicable
         -----------------------------------------------------

Item 5.  Other Information.  Inapplicable
         -----------------

Item 6.  Exhibits and Reports on 8-K:
         ---------------------------
         a)  Exhibits:
             (27)    Financial Data Schedule
         b)  Reports on 8-K:  None


                                       12
<PAGE>

                                   SIGNATURES


         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                      PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                                          A CALIFORNIA LIMITED PARTNERSHIP
                                      ------------------------------------------
                                                      (Registrant)

    Date                    Title                              Signature
    ----                    -----                              ---------


November 13, 2000  Executive Vice President,             /S/ GARY W. MARTINEZ
-----------------  Chief Operating Officer               --------------------
                   and a Director of                     (Gary W. Martinez)
                   Phoenix Leasing Incorporated
                   General Partner


November 13, 2000  Vice President, Finance,              /S/ ANDREW N. GREGSON
-----------------  Treasurer and a Director of           ---------------------
                   Phoenix Leasing Incorporated          (Andrew N. Gregson)
                   General Partner


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