Page 1 of 12


                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 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 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 _____

6,216,158 Units of Limited Partnership  Interest were outstanding as of June 30,
1997.

Transitional small business disclosure format:

                               Yes _____ No __X__



<PAGE>


                                                                    Page 2 of 12

                          Part I. Financial Information
                          Item 1. Financial Statements
                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                 A CALIFORNIA LIMITED PARTNERSHIP AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                 (Amounts in Thousands Except for Unit Amounts)
                                   (Unaudited)
                                                        June 30,    December 31,
                                                          1997          1996
                                                          ----          ----
ASSETS

Cash and cash equivalents                                $ 7,910     $12,134

Accounts receivable (net of allowance for
  losses on accounts receivable of $328 and
  $424 at June 30, 1997 and December 31,
  1996, respectively)                                        348         484

Notes receivable (net of allowance for losses
  on notes receivable of $2,196 and $2,224 at
  June 30, 1997 and December 31, 1996, respectively)       7,950       4,654

Equipment on operating leases and held for
  lease(net of accumulated depreciation of
  $14,537 and $26,179 at June 30, 1997 and
  December 31, 1996, respectively)                           424       1,376

Net investment in financing leases (net of
  allowance for early terminations of $791
  and $941 at June 30, 1997 and December 31,
  1996, respectively)                                     14,245      16,973

Investment in joint ventures                               1,353       2,278

Capitalized acquisition fees (net of accumulated
  amortization of $9,984 and $9,695 at June 30,
  1997 and December 31, 1996, respectively)                  936         957

Other assets                                                 325         719
                                                         -------     -------

     Total Assets                                        $33,491     $39,575
                                                         =======     =======

LIABILITIES AND PARTNERS' CAPITAL

Liabilities

   Accounts payable and accrued expenses                 $ 1,658     $ 1,511
                                                         -------     -------

     Total Liabilities                                     1,658       1,511
                                                         -------     -------

Partners' Capital

   General Partner                                          --          --

   Limited  Partners, 6,500,000 units authorized,
     6,492,727 units issued, 6,216,158 and 6,242,943
     units outstanding at June 30, 1997 and December
     31, 1996, respectively                               31,675      37,539

   Unrealized gain on available-for-sale securities          158         525
                                                         -------     -------

     Total Partners' Capital                              31,833      38,064
                                                         -------     -------

     Total Liabilities and Partners' Capital             $33,491     $39,575
                                                         =======     =======


        The accompanying notes are an integral part of these statements.

<PAGE>


                                                                    Page 3 of 12
<TABLE>

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

                                                      Three Months Ended            Six Months Ended
                                                            June 30,                     June 30,
                                                        1997        1996            1997         1996
                                                        ----        ----            ----         ----
<S>                                                  <C>           <C>            <C>           <C>
INCOME
   Rental income                                     $   480       $ 1,660        $ 1,386       $ 3,100
   Earned income, financing leases                       605           909          1,259         1,834
   Gain (loss) on sale of equipment                      164           (37)           666           108
   Gain on sale of securities                           --             800           --             977
   Equity in earnings from joint ventures, net            60            80            174           232
   Interest income, notes receivable                     253           257            476           489
   Cable subscriber revenue                             --              64           --             130
   Other income                                          170           155            333           299
                                                     -------       -------        -------       -------

     Total Income                                      1,732         3,888          4,294         7,169
                                                     -------       -------        -------       -------

EXPENSES
   Depreciation                                          217         1,260            525         2,292
   Amortization of acquisition fees                      131           204            289           395
   Lease related operating expenses                       97            65            178           144
   Management fees to General Partner                    149           263            353           494
   Reimbursed administrative costs
     to General Partner                                  150           177            319           390
   Provision for losses on receivables                   195            98            195           177
   Program service, cable system                        --              31           --              60
   Legal expenses                                         70            34            151           100
   General and administrative expenses                    59            99            112           198
                                                     -------       -------        -------       -------

     Total Expenses                                    1,068         2,231          2,122         4,250
                                                     -------       -------        -------       -------

NET INCOME BEFORE INCOME TAXES                       $   664       $ 1,657        $ 2,172       $ 2,919

   Income tax benefit                                      2            14              3            27
                                                     -------       -------        -------       -------

NET INCOME                                           $   666       $ 1,671        $ 2,175       $ 2,946
                                                     =======       =======        =======       =======


NET INCOME PER LIMITED
   PARTNERSHIP UNIT                                  $   .08       $   .23        $   .29       $   .40
                                                     =======       =======        =======       =======

DISTRIBUTIONS PER LIMITED
   PARTNERSHIP UNIT                                  $   .60       $   .60        $  1.20       $  1.20
                                                     =======       =======        =======       =======

ALLOCATION OF NET INCOME:
   General Partner                                   $   198       $   199        $   395       $   399
   Limited Partners                                      468         1,472          1,780         2,547
                                                     -------       -------        -------       -------
                                                     $   666       $ 1,671        $ 2,175       $ 2,946
                                                     =======       =======        =======       =======
</TABLE>

                The accompanying notes are an integral part of these statements.

<PAGE>


                                                                    Page 4 of 12

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

                                                            Six Months Ended
                                                                June 30,
                                                           1997          1996
                                                           ----          ----
Operating Activities:
   Net income                                          $  2,175      $  2,946
   Adjustments to reconcile net income to net
     cash provided by operating activities:
       Depreciation                                         525         2,292
       Amortization of acquisition fees                     289           395
       Gain on sale of equipment                           (666)         (108)
       Equity in earnings from joint ventures, net         (174)         (232)
       Provision for early termination,
        financing leases                                    113           192
       Provision for (recovery of) losses on
        notes receivable                                     82           (17)
       Provision for losses on accounts receivable         --               2
       Gain on sale of securities                          --            (977)
       Decrease in accounts receivable                      136           131
       Increase in accounts payable and 
        accrued expenses                                     44           241
       Increase in deferred income tax asset                 (3)          (27)
       Decrease (increase) in other assets                   30           (47)
                                                       --------      --------

Net cash provided by operating activities                 2,551         4,791
                                                       --------      --------

Investing Activities:
   Principal payments, financing leases                   4,719         5,788
   Principal payments, notes receivable                   1,330         1,246
   Proceeds from sale of equipment                          975           524
   Proceeds from sale of securities                        --           1,005
   Distributions from joint ventures                      1,099           208
   Investment in financing leases                        (1,986)       (5,708)
   Investment in notes receivable                        (4,708)       (1,787)
   Cable systems, property and equipment                   --             (19)
   Investment in securities                                --             (28)
   Payment of acquisition fees                             (165)         (337)
                                                       ---------     ---------

Net cash provided by investing activities                 1,264           892
                                                       --------      --------

Financing Activities:
   Redemptions of capital                                  (150)         (363)
   Distributions to partners                             (7,889)       (7,966)
                                                       ---------     ---------

Net cash used by financing activities                    (8,039)       (8,329)
                                                       ---------     ---------

Decrease in cash and cash equivalents                    (4,224)       (2,646)

Cash and cash equivalents, beginning of period           12,134        11,571
                                                       --------      --------

Cash and cash equivalents, end of period               $  7,910      $  8,925
                                                       ========      ========


        The accompanying notes are an integral part of these statements.

<PAGE>


                                                                    Page 5 of 12

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

Note 1.   General.

         The accompanying  unaudited  condensed  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.

         Non Cash  Investing  Activities.  During the six months  ended June 30,
1996, the Partnership,  along with other affiliated  partnerships managed by the
General  Partner,  obtained  title to a cable  television  company that had been
pledged as collateral for a  non-performing  note. As a result,  the Partnership
reclassified $73,000 to Investment in Joint Ventures on the balance sheet.

Note 2.       Reclassification.

         Reclassification  - Certain  1996  amounts  have been  reclassified  to
conform to the 1997 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.

         Phoenix Westcom Cablevision, Inc. (the Subsidiary) ceased operations on
October 23, 1996. The Subsidiary was a corporation  subject to state and federal
tax regulations.  The Subsidiary reported to the taxing authority on the accrual
basis.  When  income and  expenses  were  recognized  in  different  periods for
financial  reporting purposes than for income tax purposes,  deferred taxes were
provided for such differences using the liability method.

Note 4.       Notes Receivable.

         Impaired Notes Receivable. At June 30, 1997, the recorded investment in
notes that are  considered to be impaired was  $1,893,000  for which the related
allowance for losses is $1,893,000.  The average recorded investment in impaired
loans during the six months ended June 30, 1997 was approximately $1,965,000.

          At June 30, 1996, the recorded investment in notes that are considered
to be  impaired  was  $2,583,000.  Included  in this  amount was  $1,959,000  of
impaired notes for which the related  allowance for losses was  $1,801,000,  and
$624,000  of  impaired  notes for  which  there was no  allowance.  The  average
recorded  investment in impaired loans during the six months ended June 30, 1996
was approximately $2,599,000.



<PAGE>


                                                                    Page 6 of 12

         On February 14, 1996, the  Partnership  foreclosed upon a nonperforming
outstanding  note  receivable  to  a  cable  television  operator  to  whom  the
Partnership,  along with other  affiliated  partnerships  managed by the General
Partner,  had extended  credit.  The  Partnership's  net carrying value for this
outstanding  note  receivable  was  $73,000  at March  31,  1996,  for which the
Partnership  had an allowance for losses on notes of $17,000.  This allowance of
$17,000 was reversed  and  recognized  as income at March 31,  1996.  This joint
venture subsequently sold the cable system on August 30, 1996 at a small gain.

         The activity in the allowance for losses on notes receivable during the
three months ended March 31, is as follows:
                                                    1997              1996
                                                    ----              ----
                                                     (Amounts in Thousands)

         Beginning balance                        $  2,224          $  2,241
              Provision for losses                      82               (17)
              Write downs                             (110)              -
                                                  ---------         --------
         Ending balance                           $  2,196          $  2,224
                                                  =========         ========

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 6,234,148  and  6,294,146  for the six
months ended June 30, 1997 and 1996,  respectively.  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:

                                              June 30,      December 31,
                                                1997            1996
                                                ----            ----
                                              (Amounts in Thousands)

         Assets                             $  2,024        $  4,002
         Liabilities                             352             382
         Partners' Capital                     1,672           3,620


                             Three Months Ended           Six Months Ended
                                  June 30,                    June 30,
                             1997         1996            1997         1996
                             ----         ----            ----         ----
                                         (Amounts in Thousands)

         Revenue            $ 237        $ 491           $ 582      $ 1,039
         Expenses              97          343              81          561
         Net Income            40          148             401          478




<PAGE>


                                                                    Page 7 of 12


Financing Joint Venture

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

                                            June 30,        December 31,
                                              1997             1996
                                              ----             ----
                                             (Amounts in Thousands)

         Assets                            $   927         $  1,023
         Liabilities                           142              130
         Partners' Capital                     785              893

                             Three Months Ended           Six Months Ended
                                  June 30,                     June 30,
                             1997         1996            1997         1996
                             ----         ----            ----         ----
                                         (Amounts in Thousands)

         Revenue            $  33        $  42          $   68       $   85
         Expenses               3            2              17            2
         Net Income            30           40              51           83

Foreclosed Cable Systems Joint Ventures

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

                                            June 30,      December 31,
                                              1997            1996
                                              ----            ----
                                            (Amounts in Thousands)

         Assets                           $  1,270        $   1,330
         Liabilities                           219              197
         Partners' Capital                   1,051            1,133

                             Three Months Ended           Six Months Ended
                                  June 30,                     June 30,
                             1997         1996            1997         1996
                             ----         ----            ----         ----
                                         (Amounts in Thousands)

         Revenue            $ 102        $ 786          $  162     $  1,201
         Expenses             122          729             244        1,179
         Net Income (Loss)    (20)          57             (82)          22




<PAGE>


                                                                    Page 8 of 12

                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                 A CALIFORNIA LIMITED PARTNERSHIP AND SUBSIDIARY

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

Results of Operations

         Phoenix  Leasing  Cash   Distribution   Fund  IV  and  Subsidiary  (the
Partnership) reported net income of $666,000 and $2,175,000 during the three and
six months  ended June 30,  1997,  respectively,  as  compared  to net income of
$1,671,000 and  $2,946,000  during the three and six months ended June 30, 1996,
respectively.  The decline in net income  during the three and six months  ended
June 30, 1997, is a result of an absence of a gain on sale of securities as that
recognized during 1996. During the three and six months ended June 30, 1996, the
Partnership  reported a gain on sale of  securities  of $800,000  and  $977,000,
respectively.

         The decrease in total  revenues of $2,156,000  and  $2,875,000  for the
three and six months ended June 30, 1997, respectively,  as compared to the same
periods in 1996, is primarily the result of decreases in rental  income,  earned
income from  financing  leases and gain on sale of  securities.  The decrease in
rental  income  is  reflective  of a  decrease  in the  size  of  the  equipment
portfolio.  The Partnership  owned equipment with an aggregate  original cost of
$56.3  million at June 30, 1997,  as compared to $89.2 million at June 30, 1996.
Another factor  contributing to the decrease in rental income is equipment being
held for lease.  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  decrease  in  earned  income  from  financing  leases  is due to a
decrease in the net  investment  in  financing  leases.  The net  investment  in
financing leases is $14.2 million at June 30, 1997, as compared to $22.3 million
at June 30, 1996. 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.
This effect will be  mitigated  to some degree as the  Partnership  continues to
invest in new financing  leases over its life.  During the six months ended June
30, 1997, the Partnership invested $2 million in new financing leases,  compared
to $5.7 million for the same period in 1996.

         The decline in total  revenues  for the three and six months ended June
30,  1997,  as  compared  to  the  same  periods  in the  prior  year,  is  also
attributable  to the absence of a gain on sale of  securities.  During the three
and six months ended June 30, 1996, the  Partnership  reported a gain on sale of
securities of $800,000 and $977,000,  respectively.  The securities  sold during
1996 consisted of common stock  received  through the exercise of stock warrants
granted  to the  Partnership  as  part of a  financing  agreement  with  several
emerging growth companies. In addition, the Partnership owns shares of stock and
stock  warrants in  emerging  growth  companies  that are  publicly  traded with
unrealized  gain of $158,000  at June 30,  1997  compared to $79,000 at June 30,
1996. These investments in stock and stock warrants carry certain  restrictions,
but generally can be exercised within a one year period.

         Partially  offsetting the decreases  rental income,  earned income from
financing  leases and gain on sale of  securities is an increase in gain on sale
of  equipment  of $201,000  and $558,000 for the three and six months ended June
30, 1997,  respectively,  compared to the same  periods in the prior year.  This
increase  is a result of an  increase  in sales  activity  of the  Partnership's
equipment  portfolio.  The Partnership sold equipment with an aggregate original
cost of $22.4 million for the six months ended June 30, 1997,  compared to $12.6
million for the same period in 1996.



<PAGE>


                                                                    Page 9 of 12

         Total expenses  decreased by $1,163,000 and $2,128,000 during the three
and six months  ended  June 30,  1997,  respectively,  as  compared  to the same
periods in 1996.  A majority  of the  decrease  in total  expenses is due to the
decrease in depreciation  expense of $1,043,000 and $1,767,000 for the three and
six months ended June 30, 1997, respectively, as compared to the same periods in
1996.  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.

Cable Television System:

         On October 10, 1996, Phoenix Westcom  Cablevision Inc. (the Subsidiary)
sold all of its  tangible  and  intangible  assets used in the  operation of its
cable  television  system.  As a  result  of the  sale of the  cable  television
system's assets,  the Subsidiary ceased  operations.  Accordingly,  there are no
result of  operations  from this cable  television  system during the six months
ended June 30, 1997. The revenues from this cable television system did not have
a significant  impact upon total revenues  during the three and six months ended
June 30, 1996.

Liquidity and Capital Resources

         The  Partnership's  primary  source of  liquidity  is derived  from its
contractual  obligations  with  lessees for fixed  lease  terms at fixed  rental
amounts,  and from  payments of  principal  and  interest on  outstanding  notes
receivable. As the initial lease terms expire, the Partnership will re-lease the
equipment or sell the equipment.  The future  liquidity of the Partnership  will
depend upon the General Partner's success in collecting the contractual  amounts
owed, as well as re-leasing and selling the Partnership's  equipment as it comes
off lease.

         The  Partnership  reported net cash  generated  by  equipment  leasing,
financing and cable television  activities of $8,600,000 and $11,825,000  during
the six months ended June 30, 1997 and 1996,  respectively.  The net decrease in
cash  generated is due to a decrease in rental  income and payments on financing
leases,  as previously  discussed above in the results of operations.  Partially
offsetting the decreases in rental income and payments on financing  leases is a
slight increase in principal  payments from notes receivables of $84,000 for the
six months  ended  June 30,  1997,  compared  to the same  period in 1996.  This
increase is attributable to new investment in notes  receivable made during 1996
and 1997.  During the six months ended June 30, 1997, the  Partnership  invested
$4.7  million in notes  receivable,  compared to $1.8 million for the six months
ended June 30, 1996.

         Proceeds  from the sale of  equipment  increased  during the six months
ended June 30,  1997,  as compared to the same period in 1996.  The  increase of
$451,000  during  the six months  ended  June 30,  1997,  compared  to 1996,  is
attributable  to an  increase in the amount of  equipment  sold,  as  previously
discussed.

         The  Partnership  received cash  distributions  from joint  ventures of
$1,099,000  during  the six months  ended June 30,  1997,  as  compared  to cash
distributions  of $208,000  during the same period in 1996. In November of 1996,
one equipment joint venture's  outstanding  debt was repaid in full. As a result
this equipment joint venture began making distributions.

         The Partnership anticipates reinvesting a portion of the cash generated
from  operations in new leasing or financing  transactions  over the life of the
Partnership.  During the six months ended June 30, 1997,  the  Partnership  made
investments  in finance leases and equipment  leases with an aggregate  original
cost of $2 million,  as compared to the $5.7  million  acquired  during the same
period  in 1996.  The  equipment  owned  by the  Partnership  at June  30,  1997
approximates $56.3 million,  as compared to the $89.2 million of equipment owned
at June 30, 1996.  Additionally,  the Partnership invested $4.7 million in notes




<PAGE>


                                                                   Page 10 of 12

receivable  during the six months  ended June 30, 1997  compared to $1.8 million
for the same period in 1996.

         As of June 30, 1997, the  Partnership  owned  equipment  being held for
lease with an original  purchase  price of  $10,300,000  and a net book value of
$346,000, compared to $8,172,000 and $918,000,  respectively,  at June 30, 1996.
The  General  Partner is  actively  engaged,  on behalf of the  Partnership,  in
remarketing and selling the Partnership's equipment as it becomes available.

         The total cash  distributed  to partners  for the six months ended June
30, 1997 was $7,889,000,  as compared to $7,966,000 for the same period in 1996.
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  $7,494,000  and
$7,567,000 in distributions  during the six months ended June 30, 1997 and 1996,
respectively.  The General Partner received  $395,000 and $399,000 for its share
of the cash available for distribution during the six months ended June 30, 1997
and  1996,   respectively.   The  Partnership   currently   anticipates   making
distributions to partners during the remainder of 1997 at approximately the same
rate as 1996.

         The cash to be  generated  from  leasing and  financing  operations  is
anticipated to be sufficient to meet the  Partnership's  continuing  operational
expenses, debt service and to provide for distributions to partners.




<PAGE>


                                                                   Page 11 of 12

                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP

                                  June 30, 1997

                           Part II. Other Information.


Item 1.     Legal Proceedings.  Inapplicable.

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:

                One report,  dated  June 16, 1997, on Form 8-K  was filed during
the quarter ending June 30, 1997, pursuant to Item 4 and Item 7 of that form. No
financial statements were filed as part of that report.







<PAGE>


                                                                   Page 12 of 12

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


August 13, 1997     Senior Vice President                 /S/ GARY W. MARTINEZ
---------------     and a Director of                     ----------------------
                    Phoenix Leasing Incorporated          (Gary W. Martinez)
                    General Partner


August 13, 1997     Chief Financial Officer,              /S/ PARITOSH K. CHOKSI
---------------     Senior Vice President,                ----------------------
                    Treasurer and a Director of           (Paritosh K. Choksi)
                    Phoenix Leasing Incorporated
                    General Partner


August 13, 1997     Senior Vice President,                /S/ BRYANT J. TONG
---------------     Financial Operations of               ----------------------
                    (Principal Accounting Officer)        (Bryant J. Tong)
                    Phoenix Leasing Incorporated
                    General Partner


August 13, 1997     Partnership Controller of             /S/ MICHAEL K. ULYATT
---------------     Phoenix Leasing Incorporated          ----------------------
                    General Partner                      (Michael K. Ulyatt)