FORM 10-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

(Mark One)

          x ANNUAL  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
          EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 1998

                                       OR

          o 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: 33-76970


              WNC CALIFORNIA HOUSING TAX CREDITS IV, L.P., Series 4

State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization                                Identification No.)

California                                                   33-0531301

              WNC CALIFORNIA HOUSING TAX CREDITS IV, L.P., Series 4
              3158 Redhill Avenue, Suite 120, Costa Mesa, CA 92626

                                 (714) 662-5565

           Securities registered pursuant to Section 12(b) of the Act:

Title of Securities                               Exchanges on which Registered

NONE                                              NOT APPLICABLE



           Securities registered pursuant to section 12(g) of the Act:

UNITS OF LIMITED PARTNERSHIP INTEREST
<PAGE>

         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 requirements for the past 90 days. Yes X No ____

         Indicate by check mark if disclosure of delinquent  filers  pursuant to
Item 405 of Regulation S-K is not contained  herein,  and will not be contained,
to the best of  registrant's  knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part  III of this  Form  10-K or any
amendment to this Form 10-K. x


                       DOCUMENTS INCORPORATED BY REFERENCE

         List hereunder the following documents if incorporated by reference and
the Part of the Form 10-K (e.g.,  Part I, Part II, etc.) into which the document
is  incorporated:  (1) Any annual report to security  holders;  (2) Any proxy or
information  statement;  and (3) Any prospectus filed pursuant to Rule 424(b) or
(c) under the  Securities Act of 1933.  The listed  documents  should be clearly
described for identification  purposes (e.g.,  annual report to security holders
for fiscal year ended December 24, 1980).

NONE




<PAGE>


PART I.

Item 1.  Business

Organization.
WNC  California  Housing  Tax  Credits  IV,  Series 4 (the  "Partnership")  is a
California limited partnership formed under the laws of the State of California.
The  Partnership was formed to acquire  limited  partnership  interests in local
limited  partnerships  ("Local  Limited  Partnerships")  which  own  multifamily
apartment complexes that are eligible for Federal and (in some cases) California
low-income housing tax credits (the "Low Income Housing Credit").

The general  partner of the  Partnership  is WNC California Tax Credits IV, L.P.
(the  "General  Partner").  The  general  partner of WNC  California  Tax Credit
Partners IV, L.P. is WNC & Associates,  Inc.  (Associates.)  The business of the
Partnership is conducted primarily through Associates as the Partnership and the
General Partner have no employees of their own.

The  Partnership  conducted its public offering  ("Offering")  from July 1994 to
August 1995. 25,000 units of limited partnership interests ("Units"), at a price
of $1,000  per Unit  were  offered.  Since  inception  a total of  11,500  Units
representing  approximately  $11,099,000  were  sold  throughout  the  offering.
Holders of Units are referred to herein as "Limited Partners."

The  Partnership  has applied and will apply funds raised  through  their public
offerings,   including  the  installment   payments  of  the  Limited  Partners'
promissory  notes as received,  to the purchase price and  acquisition  fees and
costs of Local  Limited  Partnership  Interests,  reserves  and  expenses of the
Offerings.

Description of Business

The Partnership's  principal business is to invest as a limited partner in local
limited partnerships  ("Local Limited  Partnerships") each of which will own and
operate an apartment  complex  ("Apartment  Complex") which will qualify for the
federal low-income Low Income Housing Credit ("Low Income Housing Credit").  The
Tax Reform Act of 1986 (the "1986  Act")  replaced  most  existing  federal  tax
incentives for low-income  housing with Section 42 of the Internal Revenue Code,
which  provides for the Low Income  Housing  Credit.  In general,  an owner of a
low-income  housing  project  under (i)  federal  law is entitled to receive the
Federal Low Income Housing Credit in each year of a ten-year period (the "Credit
Period")  and (ii)  under  California  Revenue  and  Taxation  Section  17058 is
entitled to receive the  California  Low Income Housing Credit in each year of a
four-year period. The Apartment Complex is subject to a fifteen-year  compliance
period (the "Compliance Period").

In general, in order to avoid recapture of Tax Credits, the Partnership does not
expect  that it will  dispose of its  interests  in Local  Limited  Partnerships
("Local Limited  Partnership  Interests") or approve the sale by a Local Limited
Partnership of any Apartment  Complex prior to the end of the applicable 15 year
Compliance Period.  Because of (i) the nature of the Apartment  Complexes,  (ii)
the difficulty of predicting the resale market for low-income housing 15 or more
year in the future, and (iii) the inability of the Partnership to directly cause
the sale of Apartment  Complexes by the general partner of the respective  Local
Limited Partnerships  ("Local General Partners"),  but generally only to require
such Local  General  Partners  to use their  respective  best  efforts to find a
purchaser  for the  Apartment  Complexes,  it is not  possible  at this  time to
predict whether the liquidation of substantially all of the Partnership's assets
and the disposition of the proceeds,  if any, in accordance with the Partnership
Agreement  will be able to be  accomplished  promptly  at the end of the 15-year

                                       1
<PAGE>
period. If a Local Limited  Partnership is unable to sell an Apartment  Complex,
it is anticipated that the Local General Partner will either continue to operate
such Apartment  Complex or take such other actions as the Local General  Partner
believes  to be in the  best  interest  of the  Local  Limited  Partnership.  In
addition,  circumstances  beyond the  control of the  General  Partner may occur
during the Compliance  Period which would require the Partnership to approve the
disposition of an Apartment Complex prior to the end thereof.

As of December  31, 1998,  the  Partnership  had invested in nine Local  Limited
Partnerships. Each of these Local Limited Partnerships owns an Apartment Complex
that is eligible for the Low Income Housing Credit. These investments  represent
approximately 100% of the offering proceeds available for investment.

The Partnership's  investments in Local Limited  Partnerships are subject to the
risks incident to the management and ownership of multifamily  residential  real
estate.  Some of these risks are that neither the Partnership's  investments nor
the  Apartment  Complexes  owned by Local Limited  Partnerships  will be readily
marketable. Additionally, there can be no assurance that the Partnership will be
able to dispose of its interests in Local Limited Partnerships at the end of the
Compliance Period. The value of the Partnership's investments will be subject to
changes  in  national  and local  economic  conditions,  including  unemployment
conditions, which could adversely impact vacancy levels, rental payment defaults
and operating expenses.  This, in turn, could substantially increase the risk of
operating losses for the Apartment Complexes and the Partnership.  The Apartment
Complexes will be subject to loss through foreclosure.  In addition,  each Local
Limited Partnership is subject to risks relating to environmental  hazards which
might  be  uninsurable.   Because  the  Partnership's  ability  to  control  its
operations  will  depend on these and other  factors  beyond the  control of the
General Partners and the Local General Partners,  there can be no assurance that
Partnership  operations  will be profitable or that the  anticipated  Low Income
Housing Credits will be available to Limited Partners.

Each of the Local Limited  Partnerships has received  financial  assistance from
the FmHA.  The  Partnership's  ability to exercise the voting rights  granted it
under the Local Limited Partnership Agreements and to transfer its Local Limited
Partnership  Interests is subject to restrictions  which would not be present if
assistance  were  received.  In this regard,  FmHA  approval  generally  will be
required in connection with the removal of a Local General Partner,  the sale of
an Apartment Complex or the sale of a Local Limited  Partnership  Interest.  Any
such approval may be withheld upon the discretion of FmHA.

As of December 31, 1998, All nine of the Apartment  Complexes were completed and
in operation. The Apartment Complexes owned by the Local Limited Partnerships in
which the Partnership has invested were developed by the Local General  Partners
who acquired the sites and applied for applicable  mortgages and subsidies.  The
Partnership  became  the  principal  limited  partner  in  these  Local  Limited
Partnerships  pursuant  to  arm's-length  negotiations  with the  Local  General
Partners.  As a limited partner,  the Partnerships  liability for obligations of
the Local Limited  Partnership is limited to its  investment.  The Local General
Partner of the Local Limited Partnership retains  responsibility for developing,
constructing, maintaining, operating and managing the Apartment Complex.

                                       2
<PAGE>

The  following  is a schedule  of the status as of  December  31,  1998,  of the
Apartment Complexes owned by Local Limited Partnerships in which The Partnership
was a limited partner:


            SCHEDULE OF PROJECTS OWNED BY LOCAL LIMITED PARTNERSHIPS
                   IN WHICH THE PARTNERSHIP HAS AN INVESTMENT
                             AS OF DECEMBER 31, 1998

                                                                  Percentage of 
                                  Total              Units          Total Units
Name & Location                   Units           Occupied             Occupied

CHADRON APARTMENTS I               16               15                   94%
  Chadron, Nebraska
COLONIAL VILLAGE AUBURN            56               55                   98%
  Auburn, California
EAGLEVILLE ASSOCIATES I            16               16                  100%
  Eagleville, Montana
MAHARLIKA, LTD                     69               66                   96%
  Stockton, California
PAWNEE ASSOCIATES I                20               17                   85%
  Pawnee, Illinois
RANCHERA VILLAGE APTS              14               14                  100%
  Santa Barbara, California
SYCAMORE HILLS                     24               24                  100%
   Salem, Indiana
WILLS POINT CROSSING               36               35                   97%
  Wills Point, Texas
WOODLAKE VALENCIA                  47               42                   89%
  Woodlake, California
                                  ---              ---                  ----
                                  298              284                   95%
                                  ===              ===                   ===

Item 2.  Properties

Through its  investment  in Local Limited  Partnerships  the  Partnership  holds
interests in Apartment Complexes. See Item 1 for information pertaining to these
Apartment Complexes.

Item 3.  Legal Proceedings

NONE

                                      3
<PAGE>

Item 4.  Submission of Matters to a Vote of Security Holders

NONE

PART II.

Item 5.  Market for Registrant's Common Equity and Related Stockholder Matters

Item 5a.
(a) The Units are not traded on a public exchange but were sold through a public
offering.  It is not  anticipated  that any public  market will  develop for the
purchase  and  sale  of  any  Unit.  Units  can  be  assigned  only  if  certain
requirements in the Partnership  Agreement of Limited Partnership  ("Partnership
Agreement") are satisfied.

(b) At December 31, 1998, there were 433 Limited Partners.

(c) The  Partnership was not designed to provide cash  distributions  to Limited
Partners  in  circumstances   other  than  refinancing  or  disposition  of  its
investments in Local Limited  Partnerships.  The Limited  Partners  received the
following federal and California Low Income Housing Credits per Unit:

                                    1998            1997           1996
                                    ----            ----           ----

             Federal                 $99             $86            $64
            California                67              91             70
                                     ---             ---            ---
                                    $166            $177           $134
                                     ===             ===            ===

Item 6 Selected Financial Data

         OMITTED.
         Note  to  Reader.  Some  of  the  limited  partnerships  in  which  the
         Partnership has investments have yet to provide final audited financial
         statements  and other  information  as required  under the terms of the
         respective partnership agreements.  That information is critical to the
         completion of the  Partnership's  required  disclosures  in this Annual
         Report on Form 10K,  including  information on the underlying  property
         investments,   the  Partnership's  financial  statements  and  required
         supplementary  schedules.  Every  effort is being  made to obtain  this
         information and the registrant will file an amended Form 10K as quickly
         as possible.

Item 7. Management's  Discussion and Analysis of Financial Condition and Results
of Operation

         OMITTED.
         See the Note to Reader in Part II, Item 6.

                                       4
<PAGE>


Impact of Year 2000

The General  Partner has assessed the  Partnership's  exposure to date sensitive
computer  systems that may not be operative  subsequent  to 1999. As a result of
this  assessment,  the  General  Partner  has  executed a plan to  minimize  the
Partnership's  exposure to financial loss and/or  disruption of normal  business
operations  that may  occur  as a result  of Year  2000  non-compliant  computer
systems.

Business Computer Systems

These systems include both computer hardware and software  applications relating
to operations such as financial reporting. The Partnership does not maintain its
own systems and thus utilizes the computer systems of the General  Partner.  The
General Partner  developed a compliance  plan for each of its business  computer
systems,  with  particular  attention  given to  critical  systems.  The General
Partner  contracted  with an outside  vendor to  evaluate,  test and repair such
systems.  The assessment  consisted of determining the compliance with Year 2000
of critical  computer hardware and software.  Incidences of non-compliance  were
found with respect to computer  software  applications  and were corrected.  The
vendor found no instances of non-compliance with respect to computer hardware.

The Local General  Partners and/or property  management  companies  maintain the
business  computer  systems that relate to the  operations  of the Local Limited
Partnerships.  The  General  Partner is in the  process of  obtaining  completed
questionnaires   from  such  Local  General  Partners  and  property  management
companies to assess their  respective Year 2000  readiness.  The General Partner
intends to  identify  those  Local  General  Partners  and  property  management
companies  that have systems  critical to the  operations  of the Local  Limited
Partnerships that are not Year 2000 compliant.  For those Local General Partners
and property  management  companies which have business  computer  systems which
will not be Year 2000 compliant prior to December 31, 1999 and where the lack of
such  compliance  is  determined  to have a  potential  material  effect  on the
Partnership's financial condition and results of operations, the General Partner
intends  to  develop  contingency  plans  which may  include  changing  property
management companies.

Outside Vendors

The General  Partner has obtained  assurances  from its  suppliers of electrical
power and banking and telecommunication services that their critical systems are
all Year 2000 compliant.  There exists,  however,  inherent uncertainty that all
systems of outside vendors or other third parties on which the General  Partner,
and thus the Partnership, and the Local General Partners and property management
companies,  and thus the  Local  Limited  Partnerships,  rely  will be Year 2000
compliant. Therefore, the Partnership remains susceptible to the consequences of
third party critical computer systems being non-compliant.

Personal Computers

The General  Partner has  determined  that its  personal  computers  and related
software critical to the operations of the Partnership are Year 2000 compliant.

                                       5
<PAGE>
Item 7A.  Quantitative and Qualitative Disclosures About Market Risk

         NONE.

Item 8.  Financial Statements and Supplementary Data

         OMITTED.
         See the Note to Reader in Part II, Item 6.

Item  9.  Changes  in and  Disagreements  With  Accountants  on  Accounting  and
Financial Disclosure

          (a)(1) (i) On December 16, 1998,  Corbin & Wertz,  Irvine,  California
          was dismissed as the Partnership's principal independent accountant.

               (ii) The  reports  of  Corbin & Wertz  respecting  the  financial
          statements of the  Partnership did not contain an adverse opinion or a
          disclaimer of opinion, nor were any such reports qualified or modified
          as to uncertainty,  audit scope, or accounting  principles,  as of and
          for the years ended December 31, 1997 and 1996.

               (iii) The  decision  to change  accountants  was  approved by the
          board of directors of the General Partner.

               (iv)  During the last two  fiscal  years and  subsequent  interim
          period of the Partnership there were no disagreements between Corbin &
          Wertz and the  Partnership  on any matter of accounting  principles or
          practices,  financial  statement  disclosure,  or  auditing  scope  or
          procedure of the nature described in Item  304(a)(1)(iv) of Securities
          and Exchange Commission Regulation S-K.

               (v)  During  the last two  fiscal  years and  subsequent  interim
          period  of the  Partnership  there  were no  reportable  events of the
          nature  described  in Item  304(a)(1)(v)  of  Securities  and Exchange
          Commission Regulation S-K.

          (a)(2) On February 3, 1999, BDO Seidman,  LLP, Costa Mesa,  California
          was engaged as the  Partnership's  principal  independent  accountant.
          During the last two fiscal years and subsequent  interim period of the
          Partnership,   the  Partnership  did  not  consult  BDO  Seidman,  LLP
          regarding (i) either,  the  application of accounting  principles to a
          specified  transaction;  or the type of audit  opinion  that  might be
          rendered on the Partnership's financial statements, or (ii) any matter
          that  was  the  subject  of  a   disagreement   (as  defined  in  Item
          304(a)(1)(iv) of Securities and Exchange Commission Regulation S-K) or
          was a reportable event (as defined in Item  304(a)(1)(v) of Securities
          and Exchange Commission Regulation S-K).

                                       6
<PAGE>

Item 10.  Directors and Executive Officers of the Registrant

The Partnership has no directors or executive officers of its own. The following
biographical  information is presented for the directors and executive  officers
of Associates which has principal responsibility for the Partnership's affairs.

Directors and Executive Officers of WNC & Associates, Inc.

     The  directors of WNC &  Associates,  Inc. are Wilfred N. Cooper,  Sr., who
serves as Chairman of the Board, John B. Lester,  Jr., David N. Shafer,  Wilfred
N.  Cooper,  Jr.  and  Kay  L.  Cooper.  The  principal  shareholders  of  WNC &
Associates, Inc. are Wilfred N. Cooper, Sr. and John B. Lester, Jr.

     Wilfred N. Cooper, Sr., age 68, is the founder, Chief Executive Officer and
a Director of WNC & Associates, Inc., a Director of WNC Capital Corporation, and
a general partner in some of the programs  previously  sponsored by the Sponsor.
Mr.  Cooper  has  been  involved  in  real  estate  investment  and  acquisition
activities  since 1968.  Previously,  during  1970 and 1971,  he was founder and
principal of Creative  Equity  Development  Corporation,  a predecessor of WNC &
Associates,  Inc., and of Creative Equity Corporation,  a real estate investment
firm.  For 12  years  prior  to  that,  Mr.  Cooper  was  employed  by  Rockwell
International  Corporation,  last  serving as its  manager of housing  and urban
developments where he had  responsibility  for factory-built  housing evaluation
and project  management  in urban  planning  and  development.  Mr.  Cooper is a
Director of the  National  Association  of Home  Builders  (NAHB) and a National
Trustee  for NAHB's  Political  Action  Committee,  a Director  of the  National
Housing  Conference  (NHC)  and a member  of  NHC's  Executive  Committee  and a
Director of the National Multi-Housing Council (NMHC). Mr. Cooper graduated from
Pomona College in 1956 with a Bachelor of Arts degree.

     John B. Lester,  Jr., age 65, is  President,  a Director,  Secretary  and a
member of the Acquisition Committee of WNC & Associates, Inc., and a Director of
WNC Capital  Corporation.  Mr. Lester has 27 years of experience in  engineering
and construction and has been involved in real estate investment and acquisition
activities since 1986 when he joined the Sponsor. Previously, he was Chairman of
the Board and Vice President or President of E & L Associates,  Inc., a provider
of engineering and construction  services to the oil refinery and  petrochemical
industries which he co-founded in 1973. Mr. Lester graduated from the University
of Southern  California in 1956 with a Bachelor of Science  degree in Mechanical
Engineering.

     Wilfred N. Cooper, Jr., age 36, is Executive Vice President, a Director and
a member of the Acquisition Committee of WNC & Associates,  Inc. He is President
of, and a registered principal with, WNC Capital  Corporation,  a member firm of
the NASD,  and is a Director of WNC  Management,  Inc.  He has been  involved in
investment  and  acquisition  activities  with  respect to real estate  since he
joined  the  Sponsor in 1988.  Prior to this,  he served as  Government  Affairs
Assistant with Honda North America in Washington, D.C. Mr. Cooper is a member of
the Advisory Board for LIHC Monthly Report,  a Director of NMHC and an Alternate
Director of NAHB.  He  graduated  from The  American  University  in 1985 with a
Bachelor of Arts degree.

                                       7
<PAGE>

     David N.  Shafer,  age 46, is Senior Vice  President,  a Director,  General
Counsel,  and a member of the Acquisition  Committee of WNC & Associates,  Inc.,
and a  Director  and  Secretary  of WNC  Management,  Inc.  Mr.  Shafer has been
involved in real estate investment and acquisition  activities since 1984. Prior
to joining the Sponsor in 1990, he was  practicing  law with a specialty in real
estate and taxation.  Mr.  Shafer is a Director and President of the  California
Council of Affordable  Housing and a member of the State Bar of California.  Mr.
Shafer graduated from the University of California at Santa Barbara in 1978 with
a Bachelor of Arts  degree,  from the New  England  School of Law in 1983 with a
Juris  Doctor  degree (cum laude) and from the  University  of San Diego in 1986
with a Master of Law degree in Taxation.
<PAGE>

     Michael L. Dickenson,  age 42, is Vice President - Finance, Chief Financial
Officer and a member of the Acquisition Committee of WNC & Associates,  Inc. and
Chief  Financial  Officer of WNC  Management,  Inc.  He has been  involved  with
acquisition  and investment  activities  with respect to real estate since 1985.
Prior to joining  the Sponsor in March 1999,  he was the  Director of  Financial
Reporting at  TrizecHahn  Centers  Inc., a developer  and operator of commercial
real estate, from 1995 to 1999, a Senior Manager with E&Y Kenneth Leventhal Real
Estate  Group,  Ernst & Young,  LLP,  from 1988 to 1995,  and Vice  President of
Finance with Great Southwest Companies, a commercial and residential real estate
developer,  from  1985 to  1988.  Mr.  Dickenson  is a member  of the  Financial
Accounting  Standards  Committee  for the  National  Association  of Real Estate
Companies  and the American  Institute of Certified  Public  Accountants,  and a
Director of HomeAid Southern California,  a charitable  organization  affiliated
with the building industry. He graduated from Texas Tech University in 1978 with
a Bachelor of Business  Administration - Accounting  degree,  and is a Certified
Public Accountant.

     Thomas J. Riha, age 44, is Vice  President - Asset  Management and a member
of the Acquisition Committee of WNC & Associates,  Inc. and a Director and Chief
Executive  Officer  of WNC  Management,  Inc.  Mr.  Riha  has been  involved  in
acquisition  and investment  activities  with respect to real estate since 1979.
Prior to joining the  Sponsor in 1994,  Mr.  Riha was  employed by Trust  Realty
Advisor, a real estate acquisition and management company,  last serving as Vice
President - Operations. Mr. Riha graduated from the California State University,
Fullerton  in 1977 with a  Bachelor  of Arts  degree  (cum  laude)  in  Business
Administration  with a  concentration  in Accounting  and is a Certified  Public
Accountant  and  a  member  of  the  American   Institute  of  Certified  Public
Accountants.

     Sy P.  Garban,  age  53,  is  Vice  President  -  National  Sales  of WNC &
Associates, Inc. and has been employed by the Sponsor since 1989. Mr. Garban has
been involved in real estate investment  activities since 1978. Prior to joining
the Sponsor he served as Executive  Vice  President by MRW,  Inc., a real estate
development  and management  firm.  Mr. Garban is a member of the  International
Association of Financial  Planners.  He graduated from Michigan State University
in 1967 with a Bachelor of Science degree in Business Administration.

     N.  Paul  Buckland,  age 36,  is Vice  President  -  Acquisitions  of WNC &
Associates,   Inc.  He  has  been  involved  in  real  estate  acquisitions  and
investments  since 1986 and has been employed with WNC & Associates,  Inc. since
1994.  Prior to that, he served on the development team of the Bixby Ranch which
constructed  apartment  units  and  Class  A  office  space  in  California  and
neighboring states, and as a land acquisition  coordinator with Lincoln Property
Company where he identified and analyzed multi-family developments. Mr. Buckland
graduated from California State University, Fullerton in 1992 with a Bachelor of
Science degree in Business Finance.

                                       8
<PAGE>

     David Turek,  age 44, is Vice President - Originations of WNC & Associates,
Inc. He has been involved  with real estate  investment  and finance  activities
since 1976 and has been employed by WNC & Associates, Inc. since 1996. From 1995
to 1996,  Mr.  Turek served as a  consultant  for a national Tax Credit  sponsor
where he was  responsible  for on-site  feasibility  studies  and due  diligence
analyses of Tax Credit  properties.  From 1990 to 1995,  he was  involved in the
development  of  conventional  and  tax  credit  multi-family  housing.  He is a
Director with the Texas Council for Affordable  Rural Housing and graduated from
Southern Methodist University in 1976 with a Bachelor of Business Administration
degree.

     Kay L. Cooper, age 62, is a Director of WNC & Associates,  Inc. Mrs. Cooper
was the founder and sole proprietor of Agate 108, a manufacturer and retailer of
home  accessory  products,  from 1975 until 1998.  She is the wife of Wilfred N.
Cooper,  Sr.,  the mother of Wilfred  N.  Cooper,  Jr. and the sister of John B.
Lester,  Jr. Ms. Cooper graduated from the University of Southern  California in
1958 with a Bachelor of Science degree.



<PAGE>


Item 11.  Executive Compensation

The Partnership has no officers,  employees,  or directors.  However,  under the
terms of the  Partnership  Agreement the Partnership is obligated to the General
Partner or its affiliates for the following fees:

(a) Organization and Offering Expenses. The Partnership paid the General Partner
or its affiliates as of December 31, 1998 $1,311,700,  consisting of commissions
and other fees and expenses of the  Partnership's  offering of Units of $554,500
and  $757,200,  respectively.  Of the total paid to the  General  Partner or its
affiliates,  approximately  $1,081,700  was  paid  (reallowed)  to  unaffiliated
persons participating in the Partnership's  offering or rendering other services
in connection with the Partnership's offering.

(b)  Acquisition  fees in an  amount  equal to 7% of the gross  proceeds  of the
Partnership's  offering  ("Gross  Proceeds").  Through  December 31,  1998,  the
aggregate  amount of  acquisition  fees of $654,580 have been paid or accrued to
the General Partner or its affiliates.

(c) The  Partnership  reimbursed  the General  Partner or its  affiliates  as of
December 31, 1998 for acquisition expenses expended by such persons on behalf of
the Partnership in the amounts $108,622.

(d) An annual asset management fee in an amount equal to 0.2% of invested assets
(the sum of the Partnership's  Investment in Local Limited Partnership Interests
and the Partnership's allocable share of the amount of the mortgage loans on and
other debts  related to, the  Apartment  Complexes  owned by such Local  Limited
Partnerships.).  Fees of  $31,625  were  incurred  for  1998,  1997,  and  1996,
respectively. The Partnership paid the General Partner or its affiliates $60,000
and $45,000 of those fees in 1998 , 1997 and 1996 respectively.

(e) A  subordinated  disposition  fee in an amount equal to 1% of the sale price
received in connection  with the sale or disposition of an Apartment  Complex or
Local  Limited  Partnership  Interest.  Subordinated  disposition  fees  will be
subordinated to the prior return of the Limited Partners' capital  contributions
and  payment of the Return on  Investment  to the Limited  Partners.  "Return on
Investment"  means an annual,  cumulative  but not  compounded,  "return" to the
Limited  Partners  (including  Low Income  Housing  Credits) as a class on their
adjusted capital  contributions  commencing for each Limited Partner on the last
day  of  the  calendar  quarter  during  which  the  Limited  Partner's  capital
contribution is received by the Partnership,  calculated at the following rates:
(i)  14%  through  December  31,  2005,  and  (ii)  6% for  the  balance  of the
Partnership's term. No disposition fees have been paid.

(f) The General Partner was allocated federal and California Housing Tax Credits
as follows:

                           1998              1997               1996

     Federal            $11,540            $9,950            $ 7,476
     California           7,744            10,544              8,086
                         ------            ------             ------
     Total              $19,284           $20,494            $15,562
                         ======            ======             ======

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<PAGE>


Item 12.  Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners

No person is known to the General Partner to own beneficially in excess of 5% of
the outstanding Units.

Security Ownership of Management

(a)  Security Ownership of Certain Beneficial Owners

No  person  is known to own  beneficially  in  excess  of 5% of the  outstanding
Limited Partnership Interests.

(b)  Security Ownership of Management

 Neither  the  General  Partner,  its  affiliates  nor  any of the  officers  or
directors of  Associates  or its  affiliates  own directly or  beneficially  any
limited partnership interests in the Partnership.

(c)  Changes in Control

The management and control of the General Partners may be changed at any time in
accordance with their respective organizational  documents,  without the consent
or approval of the Limited  Partners.  In addition,  the  Partnership  Agreement
provides  for the  admission of one or more  additional  and  successor  General
Partners in certain circumstances.

First, with the consent of any other General Partners and a majority-in-interest
of the Limited  Partners,  any General Partner may designate one or more persons
to be successor or additional General Partners. In addition, any General Partner
may,  without the consent of any other General Partner or the Limited  Partners,
(I) substitute in its stead as General  Partner any entity which has, by merger,
consolidation or otherwise,  acquired  substantially all of its assets, stock or
other evidence of equity  interest and continued its business,  or (ii) cause to
be admitted to the  Partnership an additional  General Partner or Partners if it
deems such admission to be necessary or desirable so that the  Partnership  will
be  classified  a  partnership  for  Federal  income tax  purposes.  Finally,  a
majority-in-interest  of the Limited  Partners may at anytime remove the General
Partner of the Partnership and elect a successor General Partner


Item 13.  Certain Relationships and Related Transactions

All of the  Partnership's  affairs are managed by the General  Partner,  through
Associates.  The  transactions  with the  General  Partner  and  Associates  are
primarily in the form of fees paid by the Partnership  for services  rendered to
the  Partnership,  as discussed in Item 11 and in the notes to the  accompanying
financial statements.



                                       10

<PAGE>


PART IV.

Item 14.  Exhibits, Financial Statement Schedules, and Reports on Form 8-K

Financial Statements:

         OMITTED.
         See the Note to Reader in Part II, Item 6.

(3) Articles of incorporation  and by-laws:  The registrant is not incorporated.
The Partnership Agreement included as Exhibit B to the Prospectus, and the First
Amendment to the Partnership  Agreement  included in the Supplement  dated April
30, 1996 to Prospectus,  each of which is included in  Post-Effective  No. 10 to
Registration Statement on Form S-11 dated May 3, 1996 are incorporated herein by
reference as Exhibit 3.

(10) Material contracts:

10.1  Escrow  Agreement  between   Registrant  and  National  Bank  of  Southern
California  filed  as  exhibit  10.1 to the  Pre-effective  Amendment  No.  2 to
Registration  Statement on Form S-11 of the  Partnership  dated July 22, 1994 is
hereby incorporated herein by reference as exhibit 10.1.

10.2 Amended and Restated  Agreement of Limited  Partnership of Colonial Village
Auburn  filed as  exhibit  10.1 to Form 8-K  dated  October  28,  1994 is hereby
incorporated herein by reference as exhibit 10.2

10.3 Amended and Restated  Agreement of Limited  Partnership of Sycamore  Hills,
L.P.  filed  as  exhibit  10.1 to Form  8-K  dated  January  9,  1995 is  hereby
incorporated herein by reference as exhibit 10.3.

10.4  Amended and Restated  Agreement of Limited  Partnership  of  Maharlika,  a
California  Limited  Partnership filed as exhibit 10.1 to Form 8-K dated May 31,
1995 is hereby incorporated herein by reference as exhibit 10.4.

10.5  Amended  and  Restated  Agreement  of Limited  Partnership  of Wills Point
Crossing,  L.P.  filed as exhibit 10.1 to Form 8-K dated July 26, 1995 is hereby
incorporated herein by reference as exhibit 10.5.

10.6 Amended and Restated Agreement of Limited  Partnership of Rancheria Village
Apartments,  a California Limited  Partnership filed as exhibit 10.1 to Form 8-K
dated September 26, 1995 is hereby  incorporated  herein by reference as exhibit
10.6.

10.7 Amended and Restated Agreement of Limited  Partnership of Woodlake Valencia
House, a California Limited Partnership. (1)

10.8 Amended and Restated Agreement of Limited  Partnership of Pawnee Associates
I, L.P. (1)

10.9  Amended  and  Restated  Agreement  of Limited  Partnership  of  Eagleville
Associates I, L.P. (1)

Reports on Form 8-K

Form 8K Current Report was filed December 22, 1998

                                       11
<PAGE>

         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.

WNC CALIFORNIA HOUSING TAX CREDITS IV, L.P., Series 4

By:  WNC California Tax Credit Partners IV, L.P.    
     General Partner of the Registrant

By:  WNC & Associates, Inc.         
     General Partner of WNC California Tax Credit Partners III, L.P.

By:  /s/ John B. Lester, Jr.
-----------------------------------------------------
John B. Lester, Jr.        
President of WNC & Associates, Inc.

Date: April 14, 1999

By: /s/ Michael L. Dickenson
-----------------------------------------------------
Michael L. Dickenson      
Vice-President - Chief Financial Officer of WNC & Associates, Inc.

Date: April 14, 1999

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
this  report has been  signed  below by the  following  persons on behalf of the
registrant and in the capacities and on the dates indicated.

By:  /s/ Wilfred N. Cooper, Sr.
-----------------------------------------------------
Wilfred N. Cooper, Sr.     
Director and Chairman of the Board    WNC & Associates, Inc.

Date: April 14, 1999

By: /s/John B. Lester, Jr.
-----------------------------------------------------
John B. Lester, Jr.        
Director  WNC & Associates, Inc.

Date: April 14, 1999

By: /s/David N. Shafer
-----------------------------------------------------
David N. Shafer   
Director WNC & Associates, Inc.

Date: April 14, 1999

                                       12