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, 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 June 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)
                                                          June 30,  December 31,
                                                            2000        1999
                                                            ----        ----
ASSETS
Cash and cash equivalents                                 $10,031     $ 7,732

Accounts receivable (net of allowance for losses on
   accounts receivable of $90 and $161 at June 30,
   2000 and December 31, 1999, respectively)                  105          95

Notes receivable (net of allowance for losses on notes
   receivable of $11 and $409 at June 30, 2000 and
   December 31, 1999, respectively)                         1,546       2,060

Equipment on operating leases and held for lease
   (net of accumulated depreciation of $622 and
   $2,371 at June 30, 2000 and December 31, 1999,
   respectively)                                             --             8

Net investment in financing leases (net of
   allowance for early  terminations of $4 and $11
   at June 30, 2000 and December 31, 1999,
   respectively)                                              441       1,090

Capitalized acquisition fees (net of accumulated
   amortization of $10,858 and $10,811 at June 30,
   2000 and December 31, 1999, respectively)                   73         120

Marketable securities                                         395          42

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

     Total Assets                                         $12,591     $11,248
                                                          =======     =======

LIABILITIES AND PARTNERS' CAPITAL
Liabilities

   Accounts payable and accrued expenses                  $   417     $   846
                                                          -------     -------
     Total Liabilities                                        417         846
                                                          -------     -------

Partners' Capital
   General Partner                                           --          --

   Limited Partners, 6,500,000 units authorized,
     6,492,727 units issued, 6,192,840 units
     outstanding at June 30, 2000 and December 31, 1999    11,779      10,361

   Accumulated other comprehensive income                     395          41
                                                          -------     -------

     Total Partners' Capital                               12,174      10,402
                                                          -------     -------

Total Liabilities and Partners' Capital                   $12,591     $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    Six Months Ended
                                              June 30,             June 30,
                                           2000      1999      2000       1999
                                           ----      ----      ----       ----
INCOME
   Rental income                          $   391   $   153   $   571   $   268
   Earned income, financing leases             27        87        91       219
   Gain on sale of equipment                  145        49       182        62
   Gain on sale of securities                 104       235       258       235
   Equity in earnings from joint
     ventures, net                           --          51         6        73
   Interest income, notes receivable           56       154       136       300
   Other income                               149        92       273       180
                                          -------   -------   -------   -------
     Total Income                             872       821     1,517     1,337
                                          -------   -------   -------   -------

EXPENSES
   Depreciation                              --          46         7       126
   Amortization of acquisition fees            21        50        47       117
   Lease related operating expenses            13        12        19        16
   Management fees to General Partner          55        64        96       133
   Reimbursed administrative costs to
     General Partner                           49        57       116       114
   Provision for (recovery of) losses
     on receivables                           (18)       16      (393)       37
   Legal expense                               20        61       139       136
   General and administrative expenses         37        41        67        77
                                          -------   -------   -------   -------
     Total Expenses                           177       347        98       756
                                          -------   -------   -------   -------
NET INCOME                                    695       474     1,419       581

Other comprehensive income:
   Unrealized gains (losses) on securities:
     Unrealized holding gains (losses)
       arising during period                  108       (47)      611      (147)
     Less:  reclassification adjustment
            for gains included in net
            income                           (104)     (235)     (258)     (235)
                                          -------   -------   -------   -------
   Other comprehensive income                   4      (282)      353      (382)
                                          -------   -------   -------   -------
COMPREHENSIVE INCOME                      $   699   $   192   $ 1,772   $   199
                                          =======   =======   =======   =======

NET INCOME PER LIMITED
   PARTNERSHIP UNIT                       $   .11   $   .07   $   .23   $   .07
                                          =======   =======   =======   =======

DISTRIBUTIONS PER LIMITED
   PARTNERSHIP UNIT                       $  --     $   .25   $  --     $   .50
                                          =======   =======   =======   =======

ALLOCATION OF NET INCOME:
     General Partner                      $  --     $    81   $  --     $   163
     Limited Partners                         695       393     1,419       418
                                          -------   -------   -------   -------
                                          $   695   $   474   $ 1,419   $   581
                                          =======   =======   =======   =======

        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)
                                                             Six Months Ended
                                                                  June 30,
                                                             2000        1999
                                                             ----        ----
Operating Activities:
--------------------
   Net income                                              $  1,419    $    581

   Adjustments to reconcile net income to net cash
     provided by operating activities:
       Depreciation                                               7         126
       Amortization of acquisition fees                          47         117
       Equity in earnings from joint ventures, net               (6)        (73)
       Gain on sale of equipment                               (182)        (62)
       Provision for early termination, financing leases          6        --
       Provision for (recovery of) losses on notes
         receivable                                            (351)         37
       Recovery of losses on accounts receivable                (48)       --
       Gain on sale of securities                              (258)       (235)
       Decrease in accounts receivable                           38           9
       Decrease in accounts payable and accrued
         expenses                                              (429)       (133)
       Decrease in other assets                                  38          21
                                                           --------    --------

Net cash provided by operating activities                       281         388
                                                           --------    --------

Investing Activities:
--------------------
   Principal payments, financing leases                         581       1,665
   Principal payments, notes receivable                         865       1,059
   Proceeds from sale of equipment                              245          65
   Proceeds from sale of securities                             258         235
   Distributions from joint ventures                             69         148
   Payment of acquisition fees                                 --             3
                                                           --------    --------

Net cash provided by investing activities                     2,018       3,175
                                                           --------    --------

Financing Activities:
--------------------
   Distributions to partners                                   --        (3,264)
                                                           --------    --------

Net cash used in financing activities                          --        (3,264)
                                                           --------    --------

Increase in cash and cash equivalents                         2,299         299

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

Cash and cash equivalents, end of period                   $ 10,031    $  7,176
                                                           ========    ========

        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 June 30,  2000,  the  Partnership  has
investments in notes  receivable,  before allowance for losses, of $1,557,000 of
which $159,000 is considered to be impaired.  The impaired loans of $159,000 are
net of specific  write-downs of $280,000.  The  Partnership has an allowance for
losses of  $11,000 as of June 30,  2000.  The  average  recorded  investment  in
impaired  loans  during  the six  months  ended  June  30,  2000  and  1999  was
approximately $167,000 and $261,000, respectively.


                                       5
<PAGE>

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

                                                        2000      1999
                                                        ----      ----
                                                    (Amounts in Thousands)

         Beginning balance                             $  409    $2,375
              Provision for (recovery of) losses         (351)       37
              Write downs                                 (47)     --
                                                       ------    ------
         Ending balance                                $   11    $2,412
                                                       ======    ======

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 six months ended June
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:

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

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


                                  Three Months Ended    Six Months Ended
                                       June 30,             June 30,
                                   2000        1999      2000      1999
                                   ----        ----      ----      ----
                                           (Amounts in Thousands)

         Revenue                   $ --        $232      $ 16      $332
         Expenses                    --          39         3        48
         Net Income                  --         193        13       284

         The remaining  equipment joint venture was closed during the six months
ended June 30, 2000.

                                       6
<PAGE>


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

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

                                Three Months Ended     Six Months Ended
                                     June 30,              June 30,
                                 2000        1999       2000       1999
                                 ----        ----       ----       ----
                                         (Amounts in Thousands)

         Revenue                 $ --       $   1      $ --       $   2
         Expenses                  --         111        --         162
         Net Loss                  --        (110)       --        (160)

         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     Six Months Ended
                                     June 30,              June 30,
                                  2000       1999      2000        1999
                                  ----       ----      ----        ----
                                         (Amounts in Thousands)

         Revenue                 $ --       $  63      $ --       $ 123
         Expenses                  --          82        --         160
         Net Loss                  --         (19)       --         (37)

         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").

         In the Ash action,  Plaintiffs  have filed a fourth  amended  complaint
which  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.  Plaintiffs  have served four requests for production on
July 25,  2000.  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  Fund V.  Defendants  have
answered the complaint and discovery has commenced.  A class has been certified.
Plaintiffs  have served three requests for production;  defendants  responded to
the third request for production on July 25, 2000. The plaintiffs deposition has
been taken and plaintiffs recently took depositions of defendants.

         The Companies intend to vigorously defend both actions.

         During the six months  ended June 30,  2000 and 1999,  the  Partnership
recorded  legal  expenses of  approximately  $0 and  $59,000,  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 $695,000 and $1,419,000
during the three and six months ended June 30, 2000,  respectively,  as compared
to net income of $474,000  and  $581,000  during the three and six months  ended
June 30,  1999,  respectively.  The increase in net income for the three and six
months ended June 30, 2000,  compared to the same period in 1999, is a result of
an increase in rental  income and a recovery  of  provision  for losses of notes
receivable,  offset by  decreases  in earned  income from  financing  leases and
interest income from notes receivable.

         Total  income  increased  $51,000  and  $180,000  for the three and six
months  ended June 30,  2000,  as compared  to the same  period in 1999.  Rental
income  increased  by $238,000  and  $303,000 for the three and six months ended
June 30, 2000,  respectively,  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 three and six months ended June 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 $3.5 million at
June 30, 2000, as compared to $17 million at June 30, 1999.

         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 $60,000 and $128,000 for the three and
six months ended June 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 $441,000 at June 30, 2000, as compared to
$1.6 million at June 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 $98,000 and $164,000
for the three and six months ended June 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.  At June 30,
2000,  the net  investment  in notes  receivable  was  $1,546,000,  compared  to
$2,922,000 at June 30, 1999.

         Total expenses  decreased by $170,000 and $658,000 during the three and
six months ended June 30, 2000, respectively,  as compared to the same period in
1999. The decrease in total expenses for the three and six months ended June 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 $34,000 and $430,000 as
well as a decrease in nearly all of the items  comprising  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  $46,000 and $119,000  during the three and six
months ended June 30, 2000, respectively, compared to 1999. This decrease is due

                                       9
<PAGE>

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  primary  source of  liquidity  is derived  from its
contractual  obligations  with a  diversified  group of 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 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 and
financing  activities of $1,727,000 and  $3,112,000  during the six months ended
June 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 six  months  ended  June  30,  2000,  as  compared  to cash
distributions  of  $148,000  during the same  period in 1999.  The  decrease  in
distributions  from joint ventures is attributable to a decline in the amount of
cash available for distribution from two equipment joint ventures as a result of
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 an aggregate  original cost of $6.5 million for
the six months ended June 30, 2000, compared to $5.4 million for the same period
in 1999.

         As of June 30, 2000,  the  Partnership  owned  equipment held for lease
with an original purchase price of $695,000 and a net book value of $0, compared
to $7.5 million and $14,000, respectively, at June 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 six months ended June
30,  2000 was $0, as  compared to  $3,264,000  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  $3,101,000  in
distributions during the six months ended June 30, 2000 and 1999,  respectively.
The  cumulative  distributions  to the Limited  Partners  are  $122,934,000  and
$120,402,000  as of June 30, 2000 and 1999,  respectively.  The General  Partner
received $0 and $163,000 for its share of the cash  available  for  distribution
during  the  six  months  ended  June  30,  2000  and  1999,  respectively.  The
Partnership is not planning to make distributions in 2000,  compared to the 1999
distribution rate of 5%.

         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.

                                       10
<PAGE>


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

Impact of the Year 2000 Issue

         The  General  Partner  has  appointed  ResourcePhoenix.com.  (RPC),  an
affiliate of the General Partner, to manage its Year 2000 project.

         RPC has a Year 2000 project plan in place and a "Y2K Project  Team" has
been appointed.  The team has identified risks, and has implemented  remediation
procedures for its Year 2000 issues. RPC has budgeted for the necessary changes,
built  contingency  plans,  and has  progressed  along the  scheduled  timeline.
Installation  of all remediation  changes to critical  software and hardware was
completed on November 5, 1999. As of July 31, 2000, RPC has not  encountered any
material year 2000  problems with the hardware and software  systems used in our
operations.  In  addition,  none of RPC's  critical  vendors  have  reported any
material  year 2000  problems nor have they  experienced  any decline in service
levels from such vendors.

         RPC will continue to monitor  internal and external  issues  related to
year 2000.

         Costs incurred by the Partnership  will be expensed as incurred and are
not currently anticipated to be material to the Partnership's financial position
or results of operations.

         The  Partnership's  customers  consist of lessees  and  borrowers.  The
Partnership  does  not have  exposure  to any  individual  customer  that  would
materially impact the Partnership  should the customer  experience a significant
Year 2000 problem.


                                       11
<PAGE>

                   PHOENIX LEASING CASH DISTRIBUTION FUND IV,
                        A CALIFORNIA LIMITED PARTNERSHIP

                                  June 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").

         In the Ash action,  Plaintiffs  have filed a fourth  amended  complaint
which  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.  Plaintiffs  have served four requests for production on
July 25,  2000.  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  Fund V.  Defendants  have
answered the complaint and discovery has commenced.  A class has been certified.
Plaintiffs  have served three requests for production;  defendants  responded to
the third request for production on July 25, 2000. The plaintiffs deposition has
been taken and plaintiffs recently took depositions of defendants.

         The Companies intend to vigorously defend both actions.

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


August 11, 2000    Executive Vice President,             /S/ GARY W. MARTINEZ
---------------    Chief Operating Officer               --------------------
                   and a Director of                     (Gary W. Martinez)
                   Phoenix Leasing Incorporated
                   General Partner


August 11, 2000    Vice President, Finance,              /S/ ANDREW N. GREGSON
---------------    Treasurer and a Director of           ---------------------
                   Phoenix Leasing Incorporated          (Andrew N. Gregson)
                   General Partner


                                       13