Page 1 of 12


                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    ---------

                                    FORM 10-Q

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

                For the quarterly period ended September 30, 1996

                                       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 ___


<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
                                 BALANCE SHEETS
                 (Amounts in Thousands Except for Unit Amounts)
                                   (Unaudited)
                                                   September 30,   December 31,
                                                       1996            1995
                                                       ----            ----
ASSETS

Cash and cash equivalents                            $10,168         $11,571

Accounts receivable (net of allowance
  for losses on accounts receivable of
  $430 and $548 at September 30, 1996
  and December 31, 1995, respectively)                   494             603

Notes receivable (net of allowance for
  losses on notes receivable of $2,224 and
  $2,241 at September 30, 1996 and December 31,
  1995, respectively)                                  5,347           5,428

Equipment on operating leases and held for lease
  (net of accumulated depreciation of $28,606
  and $32,579 at September 30, 1996 and December 31,
  1995, respectively)                                  1,822           2,576

Net investment in financing leases (net of allowance
  for early  terminations of $868 and $755 at
  September 30, 1996 and December 31, 1995,
  respectively)                                       19,540          24,685

Investment in joint ventures                           2,714           2,451

Capitalized acquisition fees (net of accumulated
  amortization of $9,509 and $8,961 at
  September 30, 1996 and December 31, 1995,
  respectively)                                        1,103           1,336

Other assets                                           1,215           1,612
                                                     -------         -------

    Total Assets                                     $42,403         $50,262
                                                     =======         =======

LIABILITIES AND PARTNERS' CAPITAL

Liabilities

  Accounts payable and accrued expenses              $ 1,795         $ 1,817
                                                     -------         -------

    Total Liabilities                                  1,795           1,817
                                                     -------         -------

Partners' Capital

  General Partner                                       --              --

  Limited Partners, 6,500,000 units authorized,
    6,492,727 units issued and 6,253,183 and
    6,318,955 units outstanding at September 30,
    1996 and December 31, 1995, respectively          40,541          48,068

  Unrealized gain on available-for-sale securities        67             377
                                                     -------         -------

    Total Partners' Capital                           40,608          48,445
                                                     -------         -------

    Total Liabilities and Partners' Capital          $42,403         $50,262
                                                     =======         =======

                 The accompanying notes are an integral part of
                                these statements.

<PAGE>


                                                                    Page 3 of 12




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

                                       Three Months Ended      Nine Months Ended
                                          September 30,          September 30,
                                         1996       1995        1996       1995
                                         ----       ----        ----       ----
INCOME

  Rental income                        $ 1,770    $ 1,508     $ 4,870    $ 4,897
  Earned income, financing leases          785      1,007       2,620      3,386
  Gain (loss) on sale of equipment         186        (23)        295        852
  Gain on sale of securities              --         --           977        206
  Equity in earnings from joint
    ventures, net                          186        183         417        505
  Interest income, notes receivable        212        350         701        898
  Cable subscriber revenue                  54         61         184        215
  Other income                             143        157         442        444
                                       -------    -------     -------    -------

    Total Income                         3,336      3,243      10,506     11,403
                                       -------    -------     -------    -------

EXPENSES

  Depreciation                             577      1,360       2,870      4,622
  Amortization of acquisition fees         153        259         548        793
  Lease related operating expenses          81        121         225        372
  Management fees to General Partner       221        274         715        878
  Reimbursed administrative costs
    to General Partner                     167        235         557        685
  Provision for losses on receivables       87        151         265        405
  Program service, cable system             32         28          91         80
  Legal expenses                            51        125         151        271
  General and administrative expenses       89        191         287        497
                                       -------    -------     -------    -------

    Total Expenses                       1,458      2,744       5,709      8,603
                                       -------    -------     -------    -------

NET INCOME BEFORE INCOME TAXES         $ 1,878    $   499     $ 4,797    $ 2,800

  Income tax benefit                        15         15          42         28
                                       -------    -------     -------    -------

NET INCOME                             $ 1,893    $   514     $ 4,839    $ 2,828
                                       =======    =======     =======    =======


NET INCOME PER LIMITED
  PARTNERSHIP UNIT                     $   .28    $   .05     $   .68    $   .22
                                       =======    =======     =======    =======

DISTRIBUTIONS PER LIMITED
  PARTNERSHIP UNIT                     $   .60    $   .60     $  1.80    $  1.80
                                       =======    =======     =======    =======

ALLOCATION OF NET INCOME:
    General Partner                    $   198    $   202     $   597    $ 1,425
    Limited Partners                     1,695        312       4,242      1,403
                                       -------    -------     -------    -------

                                       $ 1,893    $   514     $ 4,839    $ 2,828
                                       =======    =======     =======    =======

                 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
                            STATEMENTS OF CASH FLOWS
                             (Amounts in Thousands)
                                   (Unaudited)
                                                           Nine Months Ended
                                                             September 30,
                                                          1996           1995
                                                          ----           ----
Operating Activities:
  Net income                                           $  4,839       $  2,828
  Adjustments to reconcile net income to net
    cash provided  by operating activities:
      Depreciation                                        2,870          4,622
      Amortization of acquisition fees                      548            793
      Gain on sale of equipment                            (295)          (852)
      Equity in earnings from joint ventures, net          (417)          (505)
      Provision for early termination, financing
        leases                                              280           --
      Provision for (recovery of) losses on notes
        receivable                                          (17)            20
      Provision for losses on accounts receivable             2            385
      Gain on sale of securities                           (977)          (206)
      Decrease (increase) in accounts receivable            107            (21)
      Increase (decrease) in accounts payable and
        accrued expenses                                     70            (95)
      Increase in deferred income tax asset                 (42)           (30)
      Decrease in other assets                               76            160
                                                       --------       --------

Net cash provided by operating activities                 7,044          7,099
                                                       --------       --------

Investing Activities:
  Principal payments, financing leases                    8,452          9,664
  Principal payments, notes receivable                    1,811          2,819
  Proceeds from sale of equipment                           760          3,028
  Proceeds from sale of securities                        1,005            206
  Distributions from joint ventures                         297            872
  Purchase of equipment                                    --               (5)
  Investment in financing leases                         (6,085)        (4,005)
  Investment in notes receivable                         (1,788)        (1,798)
  Investment in joint ventures                              (69)          --
  Cable systems, property and equipment                     (29)           (77)
  Investment in securities                                  (28)          --
  Payment of acquisition fees                              (407)          (260)
                                                       --------       --------

Net cash provided by investing activities                 3,919         10,444
                                                       --------       --------

Financing Activities:
  Payments of principal, notes payable                     --           (2,868)
  Redemptions of capital                                   (440)          (245)
  Distributions to partners                             (11,926)       (12,059)
                                                       --------       --------

Net cash used by financing activities                   (12,366)       (15,172)
                                                       --------       --------

Increase (decrease) in cash and cash equivalents         (1,403)         2,371

Cash and cash equivalents, beginning of period           11,571          8,403
                                                       --------       --------

Cash and cash equivalents, end of period               $ 10,168       $ 10,774
                                                       ========       ========

Supplemental Cash Flow Information:
  Cash paid for interest expense                       $   --         $     78

                 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 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 nine months ended  September
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  1995  amounts  have been  reclassified  to
conform to the 1996 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)  is a corporation
subject to state and  federal tax  regulations.  The  Subsidiary  reports to the
taxing  authority on the accrual basis.  When income and expenses are recognized
in  different  periods  for  financial  reporting  purposes  than for income tax
purposes,  deferred taxes are provided for such differences  using the liability
method.

Note 4.    Notes Receivable.

        Impaired  Notes   Receivable.   At  September  30,  1996,  the  recorded
investment in notes that are considered to be impaired  under  Statement No. 114
was  $2,655,000.  Included in this amount is  $1,952,000  of impaired  notes for
which the related  allowance  for losses is  $1,801,000  and  $703,000 for which
there is no allowance.  The average recorded investment in impaired loans during
the nine months ended September 30, 1996 was approximately $2,618,000.

        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.  Upon foreclosure,  this note was reclassified to
Investment  in Joint  Ventures  on the  balance  sheet.  The  Partnership's  net
carrying value for this outstanding  note receivable was $73,000,  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  during the nine months  ended
September 30, 1996.


<PAGE>


                                                                    Page 6 of 12


        The activity in the allowance for losses on notes receivable  during the
nine months ended September 30, is as follows:

                                             1996           1995
                                             ----           ----
                                           (Amounts in Thousands)

              Beginning balance            $ 2,241       $ 2,264
                 Provision for losses          (17)           20
                 Write downs                  --            (133)
                                           -------       -------
              Ending balance               $ 2,224       $ 2,151
                                           =======       =======

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 6,282,129  and  6,354,127 for the nine
months  ended  September  30,  1996 and  1995,  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  statements  of  operations  of  the  equipment  joint  venture  are
presented below:

                            STATEMENTS OF OPERATIONS
                             (Amounts in Thousands)

                                       Three Months Ended     Nine Months Ended
                                          September 30,         September 30,
                                         1996       1995       1996       1995
                                         ----       ----       ----       ----
INCOME
Earned income, financing leases         $  331     $  548     $1,092     $1,687
Gain on sale of equipment                  247         70        406        278
Other income                                38         76        158        290
                                        ------     ------     ------     ------
        Total income                       616        694      1,656      2,255
                                        ------     ------     ------     ------

EXPENSES
Depreciation                                71         24        199         78
Lease related  operating expenses            1       --           21          7
Management fees to General Partner          41         59        149        226
Interest expense                            32        197        216        767
General and administrative expenses         74         31        195        146
                                        ------     ------     ------     ------
        Total expenses                     219        311        780      1,224
                                        ------     ------     ------     ------
Net income                              $  397     $  383     $  876     $1,031
                                        ======     ======     ======     ======








<PAGE>


                                                                    Page 7 of 12


Financing Joint Venture

        The  statements  of  operations  of  the  financing  joint  venture  are
presented below:

                            STATEMENTS OF OPERATIONS
                             (Amounts in Thousands)

                                        Three Months Ended     Nine Months Ended
                                           September 30,         September 30,
                                          1996       1995       1996       1995
                                          ----       ----       ----       ----
INCOME
Interest income - notes receivable        $ 39       $ 46       $121       $142
Other income                                 1          1          3          2
                                          ----       ----       ----       ----
        Total income                        40         47        124        144
                                          ----       ----       ----       ----

EXPENSES
Management fees to General Partner           2          2          4          4
General and administrative expenses        --         --         --           6
                                          ----       ----       ----       ----
        Total expenses                       2          2          4         10
                                          ----       ----       ----       ----
Net income                                $ 38       $ 45       $120       $134
                                          ====       ====       ====       ====

Foreclosed Cable Systems Joint Ventures

        The aggregate combined  statements of operations of the foreclosed cable
systems joint ventures are presented below:

                        COMBINED STATEMENTS OF OPERATIONS
                             (Amounts in Thousands)

                                       Three Months Ended      Nine Months Ended
                                          September 30,          September 30,
                                         1996       1995        1996       1995
                                         ----       ----        ----       ----
INCOME
Subscriber revenue                      $  675     $  116      $1,848     $  355
Gain on sale of cable system               331       --           341       --
Other income                                14          2          31          5
                                        ------     ------      ------     ------
        Total income                     1,020        118       2,220        360
                                        ------     ------      ------     ------

EXPENSES
Depreciation and amortization              166         29         575         86
Program services                           193         44         595        111
Management fees to an affiliate
  of the General Partner                   341          5         402         16
General and administrative expenses        190         44         484        128
Provision for losses on accounts
  receivable                                 7          1          19          4
                                        ------     ------      ------     ------
        Total expenses                     897        123       2,075        345
                                        ------     ------      ------     ------
Net income (loss)                       $  123     $   (5)     $  145     $   15
                                        ======     ======      ======     ======


<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  $1,893,000  during the three months ended
September  30, 1996,  as compared to net income of $514,000 for the three months
ended  September 30, 1995.  During the nine months ended September 30, 1996, the
Partnership  reported  net income of  $4,839,000,  as  compared to net income of
$2,828,000 during the same period in 1995.

        The Partnership reported an increase in total revenues of $93,000 during
the three months  ended  September  30, 1996,  as compared to the same period in
1995.  This  increase was  primarily the result of increases in rental income of
$262,000 and gain on the sale of  equipment of $209,000  during the three months
ended  September 30, 1996,  as compared to the same period in 1995.  Included in
rental  income  during the three and nine months ended  September  30, 1996 is a
settlement payment of $638,000 from a lessee that had defaulted in 1992.

         The  decrease in earned  income from  financing  leases of $222,000 and
$766,000 for the three and nine months ended  September 30, 1996,  respectively,
as  compared  to the same  periods in the  previous  year,  is  reflective  of a
decrease  in the  Partnership's  net  investment  in  financing  leases to $19.5
million at  September  30, 1996 from $25.9  million at September  30, 1995.  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.  This effect will be  mitigated  to some
degree as the Partnership  continues to invest in new financing  leases over its
life.

        The large gain on the sale of  equipment  during the nine  months  ended
September  30,  1995,  as  compared to the same  period in 1996,  was  primarily
attributable  to a  negotiated  sale of equipment  leased by an emerging  growth
company that had been in default and the  underlying  equipment had been reduced
through depreciation.

        The Partnership reported a gain on the sale of marketable  securities of
$977,000  during the nine months ended September 30, 1996, as compared to a gain
on the sale of marketable  securities  of $206,000  during the nine months ended
September  30,  1995.  These  securities  consisted  of  common  stock and stock
warrants  granted  to the  Partnership  as part of a  financing  agreement  with
several emerging growth companies.  In addition,  the Partnership owns shares of
common stock and stock warrants in emerging  growth  companies that are publicly
traded with unrealized gains of $67,000 at September 30, 1996. These investments
in stock and stock  warrants  carry certain  restrictions,  but generally can be
exercised within a one year period.

        Total expenses  decreased by $1,286,000 and $2,894,000  during the three
and nine months ended September 30, 1996, respectively,  as compared to the same
periods in 1995.  A majority of the  decrease in total  expenses  was due to the
decrease in  depreciation  expense of $783,000 and  $1,752,000 for the three and
nine months  ended  September  30, 1996,  respectively,  as compared to the same
periods in 1995.  This decrease is due to a decline in the amount of depreciable
equipment owned by the  Partnership.  In addition,  the Partnership  experienced
declines in most other expense categories during the three and nine months ended


<PAGE>


                                                                    Page 9 of 12


September 30, 1996, when compared to the same period in 1995.

Cable Television System:

        Included in the total revenues of the  Partnership  is cable  subscriber
revenues from a cable television  system the Partnership  received as the result
of a default on a note  receivable.  The Partnership  assumed  ownership of this
cable  television  system on December  23, 1994.  The  revenues  from this cable
television  system did not have a significant  impact upon total revenues during
the three and nine months ended September 30, 1996 and 1995.

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 its  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 $17,307,000 and $19,582,000  during the nine
months ended September 30, 1996 and 1995, respectively. The net decrease in cash
generated is due to a decrease in payments from notes receivable.

    Sales proceeds decreased during the nine months ended September 30, 1996, as
compared to the same period in 1995. The decrease of $2,268,000  during the nine
months ended September 30, 1996, compared to 1995, is attributable to a decrease
in the amount of  equipment  sold as well as a decrease  in the market  value of
such equipment. During the nine months ended September 30, 1996, the Partnership
sold equipment with an aggregate original cost of $17.4 million,  as compared to
$30.8 million during the same period in 1995.

    The  Partnership's  outstanding  debt was paid off during 1995. As a result,
the Partnership did not make any payments of principal  during 1996, as compared
to payments of principal on its outstanding  debt of $2,868,000  during the nine
months ended September 30, 1995.

    The Partnership  received cash distributions from joint ventures of $297,000
during  the  nine  months  ended   September  30,  1996,  as  compared  to  cash
distributions  of $872,000  during the same period in 1995.  Distributions  from
joint  ventures  were  higher  during  1995 due to the  Partnership  receiving a
distribution  of excess cash on hand from a new joint venture that was formed on
August 1, 1994.  The excess cash on hand of this new joint venture was generated
from the proceeds  received  from the issuance of lease backed  certificates  by
this  joint  venture.  This  joint  venture  is not  expected  to  generate  any
significant  amounts of cash available for  distribution  until the  outstanding
lease backed  certificates  of the joint venture are paid in full,  since all of
the rental and note payments  being received are being used to pay off the lease
backed certificates.

    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 nine months ended  September 30, 1996, the  Partnership
purchased  equipment leases with an aggregate original cost of $6.1 million,  as
compared  to the $4  million  acquired  during  the same  period  in  1995.  The
equipment  owned by the  Partnership  at September 30, 1996  approximates  $84.8
million,  as compared to the $101.6 million of equipment  owned at September 30,
1995.


<PAGE>


                                                                   Page 10 of 12



    As of September 30, 1996, the  Partnership  owned  equipment  being held for
lease with an original  purchase  price of  $10,925,000  and a net book value of
$961,000, compared to $14,357,000 and $1,257,000, respectively, at September 30,
1995. 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 nine months ended  September
30, 1996 was  $11,926,000,  as compared  to  $12,059,000  for the same period in
1995. 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  $11,329,000 and
$11,456,000 in distributions during the nine months ended September 30, 1996 and
1995, respectively.  The cumulative cash distributions to limited partners as of
September 30, 1996 is  $84,466,000,  as compared to $69,335,000 at September 30,
1995. The General  Partner  received  $597,000 and $603,000 for its share of the
cash available for distribution  during the nine months ended September 30, 1996
and  1995,   respectively.   The  Partnership   currently   anticipates   making
distributions  to  partners  during 1997 at  approximately  the same rate as the
distributions made during 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

                               September 30, 1996

                           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:  None


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


November 12, 1996      Chief Financial Officer,          /S/  PARITOSH K. CHOKSI
-----------------      Senior Vice President             -----------------------
                       and Treasurer of                  (Paritosh K. Choksi)
                       Phoenix Leasing Incorporated
                       General Partner


November 12, 1996      Senior Vice President,            /S/ BRYANT J. TONG
-----------------      Financial Operations              -----------------------
                       (Principal Accounting Officer)    (Bryant J. Tong)
                       Phoenix Leasing Incorporated
                       General Partner


November 12, 1996      Senior Vice President of          /S/ GARY W. MARTINEZ
-----------------      Phoenix Leasing Incorporated      -----------------------
                       General Partner                   (Gary W. Martinez)


November 12, 1996      Partnership Controller            /S/  MICHAEL K. ULYATT
-----------------      Phoenix Leasing Incorporated      -----------------------
                       General Partner                   (Michael K. Ulyatt)