TEXTAINER FINANCIAL SERVICES CORPORATION
                        650 California Street, 16th Floor
                             San Francisco, CA 94108


March 26, 2003


Securities and Exchange Commission
Washington, DC  20549

Ladies & Gentlemen:

Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  we are
submitting  herewith for filing on behalf of Textainer Equipment Income Fund IV,
L.P. (the  "Partnership")  the Partnership's  Annual Report on Form 10-K for the
fiscal year ended December 31, 2002.

The financial  statements included in the enclosed Annual Report on Form 10-K do
not reflect a change from the  preceding  year in any  accounting  principles or
practices, or in the method of applying any such principles or practices.

This filing is being effected by direct  transmission to the Commission's  EDGAR
System.

Sincerely,

Nadine Forsman
Controller

<PAGE>




                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                               Washington DC 20549

                                    FORM 10-K

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

                   For the fiscal year ended December 31, 2002

                         Commission file number 0-21228

                    TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
                    ----------------------------------------
             (Exact name of Registrant as specified in its charter)

              California                              94-3147432
      (State or other jurisdiction                   (IRS Employer
    of incorporation or organization)              Identification No.)

   650 California Street, 16th Floor
          San Francisco, CA                              94108
 (Address of Principal Executive Offices)              (ZIP Code)


                                 (415) 434-0551
              (Registrant's telephone number, including area code)

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

                                      NONE

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

                            LIMITED PARTNER INTERESTS
                                (Title of Class)

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. [ X ]

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 ]

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Exchange Act Rule 12b-2). [ ]

State the aggregate market value of the voting and non-voting common equity held
by nonaffiliates of the Registrant. The aggregate market value shall be computed
by  reference to the price at which the common  equity was sold,  or the average
bid and ask prices of such common  equity,  as of the last  business  day of the
registrant's most recently completed second fiscal quarter. Not Applicable.
                                                            --------------
Documents Incorporated by Reference

The Registrant's Prospectus as contained in Pre-Effective Amendment No. 2 to the
Registrant's  Registration  Statement, as filed with the Commission on April 10,
1992,  as  supplemented  by  Post-Effective  Amendment  No.  3 filed  under  The
Securities Act of 1933 on May 25, 1993 and as  supplemented  by Supplement No. 8
as filed under Rule 424(b) of the Securities Act of 1933 on March 1, 1994.


<PAGE>


                                     PART I

ITEM 1.      DESCRIPTION OF BUSINESS

For more detailed information about the Registrant's  business, see "Business of
the Partnership" in the Registrant's Prospectus as supplemented.

(a)       General Development of Business

          The Registrant is a California  Limited  Partnership formed on October
          30, 1991 to purchase,  own, operate, lease, and sell equipment used in
          the containerized  cargo shipping industry.  The Registrant  commenced
          offering units representing  limited partnership  interests (Units) to
          the  public  on April 30,  1992 in  accordance  with its  Registration
          Statement  and ceased to offer such  Units as of April 30,  1994.  The
          Registrant  raised  a total of  $136,918,060  from  the  offering  and
          invested a substantial  portion of the money raised in equipment.  The
          Registrant  has since  engaged in leasing this and other  equipment in
          the international shipping industry.

          See Item 10  herein  for a  description  of the  Registrant's  General
          Partners.  See Item 7  herein  for a  description  of  current  market
          conditions affecting the Registrant's business.

(b)       Financial Information About Industry Segments

          Inapplicable.

(c)       Narrative Description of Business

(c)(1)(i)           A container  leasing company  generally,  and the Registrant
                    specifically,  is  an  operating  business  comparable  to a
                    rental car business.  A customer can lease a car from a bank
                    leasing department for a monthly charge which represents the
                    cost of the car, plus  interest,  amortized over the term of
                    the  lease;  or the  customer  can  rent the same car from a
                    rental car  company at a much higher  daily lease rate.  The
                    customer  is willing  to pay the  higher  daily rate for the
                    convenience and value-added  features provided by the rental
                    car company,  the most  important of which is the ability to
                    pick up the car where it is most convenient,  use it for the
                    desired  period of time,  and then drop it off at a location
                    convenient  to the customer.  Rental car  companies  compete
                    with one another on the basis of lease  rates,  availability
                    of cars,  and the  provision of  additional  services.  They
                    generate revenues by maintaining the highest lease rates and
                    the highest  utilization that market  conditions will allow,
                    and by  augmenting  this income with  proceeds from sales of
                    insurance, drop-off fees, and other special charges. A large
                    percentage of lease revenues earned by car rental  companies
                    are generated under corporate rate agreements wherein, for a
                    stated  period  of  time,   employees  of  a   participating
                    corporation can rent cars at specific terms,  conditions and
                    rental rates.

                    Container leasing companies and the Registrant  operate in a
                    similar  manner by owning a worldwide  fleet of new and used
                    transportation  containers  and leasing these  containers to
                    international  shipping  companies  hauling various types of
                    goods among numerous  trade routes.  All lessees pay a daily
                    rental rate and in certain markets may pay special  handling
                    fees and/or drop-off charges.  In addition to these fees and
                    charges,  a lessee must either provide  physical  damage and
                    liability  insurance  or  purchase a damage  waiver from the
                    Registrant,  in which case the Registrant  agrees to pay the
                    cost of repairing  certain  physical  damage to  containers.
                    Container  leasing companies compete with one another on the
                    basis of lease rates,  fees charged,  services  provided and
                    availability  of equipment.  To ensure the  availability  of
                    equipment to its customers,  container leasing companies and
                    the  Registrant  may pay to reposition  containers  from low
                    demand locations to higher demand locations.  By maintaining
                    the  highest   lease   rates  and  the   highest   equipment
                    utilization  allowed by market  conditions,  the  Registrant
                    attempts to generate revenue and profit.

                    The majority of the  Registrant's  equipment is leased under
                    master  operating  leases,   which  are  comparable  to  the
                    corporate rate agreements used by rental car companies.  The
                    master  leases  provide  that the  lessee,  for a  specified
                    period  of time,  may rent  containers  at  specific  terms,
                    conditions  and  rental  rates.  Although  the  terms of the
                    master lease  governing  each  container  under lease do not
                    vary,  the number of containers in use can vary from time to
                    time  within  the term of the  master  lease.  The terms and
                    conditions  of the master lease provide that the lessee pays
                    a daily rental rate for the entire time the  container is in
                    his possession  (whether or not he is actively using it), is
<PAGE>

                    responsible  for any damage,  and must insure the  container
                    against liabilities.

                    A  substantial  portion of the  Partnership's  equipment  is
                    leased under long-term lease agreements,  rather than master
                    leases.  Unlike  master lease  agreements,  long-term  lease
                    agreements  provide for  containers to be leased for periods
                    of between  three to five years.  Such leases are  generally
                    cancelable  with a penalty  at the end of each  twelve-month
                    period.  Direct finance leases currently cover a minority of
                    the  Partnership's  equipment.  Under direct finance leases,
                    the containers are usually leased from the  Partnership  for
                    the remainder of the container's useful life with a purchase
                    option at the end of the  lease  term.  For a more  detailed
                    discussion of the leases for the Registrant's equipment, see
                    "Leasing  Policy" under "Business of the Partnership" in the
                    Registrant's Prospectus as supplemented. The Registrant also
                    sells   containers   in  the  course  of  its   business  as
                    opportunities  arise, at the end of the  container's  useful
                    life or if market and economic considerations indicated that
                    a sale would be beneficial.  See Item 7 herein and "Business
                    of  the   Partnership"   in  Registrant's   Prospectus,   as
                    supplemented.

(c)(1)(ii)          Inapplicable.

(c)(1)(iii)         Inapplicable.

(c)(1)(iv)          Inapplicable.

(c)(1)(v)           Inapplicable.

(c)(1)(vi)          Inapplicable.

(c)(1)(vii)         No single lessee generated lease revenue for the years ended
                    December  31,  2002,  2001 and 2000 which was 10% or more of
                    the total revenue of the Registrant.

(c)(1)(viii)        Inapplicable.

(c)(1)(ix)          Inapplicable.

(c)(1)(x)           There  are  approximately  80  container  leasing  companies
                    of which the top ten control  approximately 85% of the total
                    equipment held by all container leasing  companies.  The top
                    two   container   leasing    companies    combined   control
                    approximately  26%  of  the  total  equipment  held  by  all
                    container leasing companies.  Textainer Equipment Management
                    Limited,  an Associate General Partner of the Registrant and
                    the  manager  of  its  marine  container  equipment,  is the
                    largest standard dry freight  container  leasing company and
                    manages  approximately  14% of  the  equipment  held  by all
                    container  leasing  companies.   The  customers  for  leased
                    containers are primarily  international  shipping lines. The
                    Registrant  alone  is  not a  material  participant  in  the
                    worldwide container leasing market. The principal methods of
                    competition  are price,  availability  and the  provision of
                    worldwide service to the international  shipping  community.
                    Competition  in the container  leasing  market has increased
                    over the past few years. Since 1996,  shipping alliances and
                    other operational  consolidations  among shipping lines have
                    allowed   shipping  lines  to  begin  operating  with  fewer
                    containers,   thereby   decreasing  the  demand  for  leased
                    containers  and allowing  lessees to gain  concessions  from
                    lessors  about  price,  special  charges or credits  and, in
                    certain  markets,  the age  specification  of the containers
                    leased.  Furthermore,  primarily  as a result  of lower  new
                    container prices and low interest rates,  shipping lines now
                    own,  rather than lease, a higher  percentage of containers.
                    The decrease in demand from shipping  lines,  along with the
                    entry  of  new  leasing  company  competitors  offering  low
                    container  rental  rates,  has increased  competition  among
                    container lessors such as the Registrant.

                    Furthermore,  changes in worldwide  demand for shipping have
                    placed  additional  strains on  competition.  Utilization of
                    containers   can  be  maximized  if  containers   that  come
                    off-lease can be re-leased in the same  location.  If demand
                    for containers is strong in some parts of the world and weak
                    in others,  containers  that come  off-lease  may have to be
                    repositioned,  usually at the Registrant's  expense,  before
                    they can be re-leased.  Over the last several years,  demand
                    for goods  brought  into Asia has been lower than demand for
                    goods  brought out of Asia.  This  imbalance has created low
                    demand locations in certain areas of international  shipping
                    routes, where containers coming off-lease after the delivery
                    of goods cannot  quickly be re-leased.  The  Registrant  has
                    frequently been required to reposition containers from these
                    low demand locations, or to sell containers,  if an analysis
                    indicates that the sale may yield greater economic  benefits
                    than continued  ownership,  given the costs of repositioning
                    and  estimates  of future  rental  rates and  opportunities.
                    Containers   sold  in  these  low  demand   locations   have
                    frequently  been older  containers.  Shipping  lines have an
                    advantage over container  leasing  companies with respect to
                    these low demand locations,  because the shipping  companies
                    can  frequently  reposition  their  own  containers,   while
                    leasing   companies  have  to  find   alternative   ways  of
                    repositioning    their   containers,    including   offering
                    incentives  to  shipping  lines or paying  directly  for the
                    repositioning.

(c)(1)(xi)          Inapplicable.

(c)(1)(xii)         Inapplicable.

(c)(1)(xiii)        The  Registrant  has  no  employees.   Textainer   Financial
                    Services  Corporation  (TFS),  a wholly owned  subsidiary of
                    Textainer  Capital  Corporation  (TCC), the Managing General
                    Partner of the  Registrant,  is responsible  for the overall
                    management of the business of the Registrant and at December
                    31, 2002 had 3  employees.  Textainer  Equipment  Management
                    Limited (TEM), an Associate General Partner,  is responsible
                    for  the  management  of  the  leasing   operations  of  the
                    Registrant  and at  December  31,  2002  had a total  of 147
                    employees.

(d)       Financial Information about Foreign and Domestic Operations and Export
          Sales.

          The  Registrant  is involved in the leasing of shipping  containers to
          international   shipping   companies   for  use  in  world  trade  and
          approximately  7%,  12% and  14% of the  Registrant's  rental  revenue
          during the years ended December 31, 2002, 2001 and 2000, respectively,
          was derived from operations sourced or terminated domestically.  These
          percentages do not reflect the proportion of the Partnership's  income
          from  operations  generated  domestically  or in  domestic  waterways.
          Substantially  all of the  Partnership's  income  from  operations  is
          derived from assets employed in foreign  operations.  See "Business of
          the Partnership" in the Registrant's Prospectus, as supplemented,  and
          for a discussion of the risks of leasing  containers  for use in world
          trade,  see "Risk Factors and  Forward-Looking  Statements"  in Item 7
          herein.


ITEM 2.      PROPERTIES

As of December 31, 2002, the Registrant owned the following types and quantities
of equipment:

         20-foot standard dry freight containers              10,035
         40-foot standard dry freight containers              11,469
         40-foot high cube dry freight containers              6,520
                                                              ------
                                                              28,024
                                                              ======

During  December 2002,  approximately  83% of these  containers were on lease to
international shipping companies, and the balance were being stored primarily at
a large number of storage depots located worldwide.  Generally,  the Partnership
sells containers when (i) a container reaches the end of its useful life or (ii)
an  analysis  indicates  that the sale is  warranted  based on  existing  market
conditions and the  container's  age,  location and  condition.  At December 31,
2002,  approximately  5% of  the  Partnership's  off-lease  equipment  had  been
identified  as being for sale.  Some  containers  identified  for sale have been
written down, as described below in Item 7, "Results of Operations."

For  information  about  the  Registrant's   property,   see  "Business  of  the
Partnership" and "Risk Factors" in the Registrant's Prospectus, as supplemented.
See also Item 7, "Results of Operations"  for more  information  about container
sales and  write-downs,  as well as the location of the  Registrant's  off-lease
containers.


ITEM 3.      LEGAL PROCEEDINGS

The Registrant is not subject to any legal proceedings.


ITEM 4.      SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

Inapplicable.
<PAGE>

                                     PART II


ITEM 5.      MARKET FOR THE  REGISTRANT'S COMMON EQUITY AND RELATED  STOCKHOLDER
             MATTERS

PART 201:
(a)       Market Information.

(a)(1)(i)           The Registrant's  limited partnership Units are not publicly
                    traded and there is no  established  trading market for such
                    Units. The Registrant has a program whereby limited partners
                    may  redeem  Units for a  specified  redemption  price.  The
                    program  operates  only when the  Managing  General  Partner
                    determines,  among other matters,  that payment for redeemed
                    units  will not  impair the  capital  or  operations  of the
                    Registrant.

(a)(1)(ii)          Inapplicable.

(a)(1)(iii)         Inapplicable.

(a)(1)(iv)          Inapplicable.

(a)(1)(v)           Inapplicable.

(a)(2)              Inapplicable.

(b)       Holders.

(b)(1)              As of January 1, 2003, there were 7,835 holders of record of
                    limited partnership interests in the Registrant.

(b)(2)              Inapplicable.

(c)       Dividends.

                    Inapplicable.

At December 31, 2002 the  Registrant was paying  distributions  at an annualized
rate equal to 5% of a Unit's  initial cost, or $1.00 per Unit per year.  For the
year ended December 31, 2001, the Registrant was paying monthly distributions at
an annualized  rate of 6.2% of a Unit's  initial  cost,  or $1.23 per Unit.  For
information  about the amount of distributions  paid during the five most recent
fiscal years,  see Item 6, "Selected  Financial  Data."  Distributions  are made
monthly by the Registrant to its limited partners.

PART 701:           Inapplicable.

<TABLE>
<CAPTION>

ITEM 6.      SELECTED FINANCIAL DATA

                                                         (Amounts in thousands except for per unit amounts)
                                                                      Years Ended December 31,
                                              -------------------------------------------------------------------------
                                                   2002            2001         2000           1999            1998
                                                   ----            ----         ----           ----            ----
<S>                                             <C>             <C>          <C>           <C>             <C>
Rental income...........................        $11,779         $13,693      $17,525        $17,256         $21,505

(Loss) income from operations...........        $(3,870)        $(2,124)     $ 2,961        $   434         $ 4,916

Net (loss) earnings.....................        $(3,839)        $(2,032)     $ 3,182        $   567         $ 5,011

Net (loss) earnings per unit of
  limited partner interest..............        $ (0.59)        $ (0.32)     $  0.45        $  0.07         $  0.72

Distributions per unit of
  limited partner interest..............        $  1.00         $  1.23      $  1.40        $  1.68         $  1.81

Distributions per unit of limited
   partner interest representing
   a return of capital..................        $  1.00         $  1.23      $  0.95        $  1.61         $  1.09

Total assets............................        $47,200         $58,898      $70,983        $76,714         $87,508

</TABLE>
<PAGE>



ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

           (Amounts in thousands except for unit and per unit amounts)

The Financial Statements contain information which will assist in evaluating the
financial  condition of the  Partnership  for the years ended December 31, 2002,
2001 and 2000.  Please refer to the  Financial  Statements  and Notes thereto in
connection with the following discussion.

Textainer  Financial Services  Corporation (TFS) is the Managing General Partner
of the  Partnership  and  is a  wholly-owned  subsidiary  of  Textainer  Capital
Corporation (TCC).  Textainer  Equipment  Management Limited (TEM) and Textainer
Limited (TL) are  Associate  General  Partners of the  Partnership.  The General
Partners manage and control the affairs of the Partnership.

Liquidity and Capital Resources

From  May 1,  1992  until  April  30,  1994,  the  Partnership  offered  limited
partnership  interests  to the  public.  The  Partnership  received  its minimum
subscription  amount  of  $5,000  on June 11,  1992 and on  April  30,  1994 the
Partnership had received a total subscription amount of $136,918.

The Partnership invests working capital,  cash flow from operations prior to its
distribution  to the partners and proceeds  from  container  sales that have not
been used to purchase  containers  in  short-term,  liquid  investments.  Rental
income is the  Partnership's  principal source of liquidity and provides a major
source  of  funds  for  distributions.  Rental  income  is  affected  by  market
conditions for leased containers.  Market conditions are discussed more fully in
"Results of Operations." The Partnership's  cash is affected by cash provided by
or used in operating,  investing and financing activities.  These activities are
discussed in detail below.

Limited partners are currently receiving monthly  distributions in an annualized
amount equal to 5% of their original investment.  During the year ended December
31, 2002,  the  Partnership  declared  cash  distributions  to limited  partners
pertaining to the period from December 2001 through November 2002, in the amount
of  $6,648.   On  a  cash  basis   (after   redemptions   and  general   partner
distributions),  $4,696 of these  distributions  was from current year operating
activities,   $1,258  was  from  cash  provided  by  previous  years'  operating
activities  (that had not been  distributed  or used to purchase  containers  or
redeem  units) and the balance of $694 was a return of  capital.  On a financial
statement basis, all of these distributions were a return of capital.

From time to time,  the  Partnership  redeems units from limited  partners for a
specified  redemption  value,  which  is  set  by  formula.  Up  to  2%  of  the
Partnership's outstanding units may be redeemed each year, although the 2% limit
may be exceeded at the Managing General  Partner's  discretion.  All redemptions
are subject to the Managing  General  Partner's  good faith  determination  that
payment for the redeemed units will not (i) cause the Partnership to be taxed as
a  corporation,  (ii) impair the capital or  operations of the  Partnership,  or
(iii) impair the ability of the Partnership to pay  distributions  in accordance
with its  distribution  policy.  During the year ended  December 31,  2002,  the
Partnership  redeemed  163,618  units for a total  dollar  amount  of $860.  The
Partnership used cash flow from operations to pay for the redeemed units.

At December 31, 2002, the Partnership had no commitments to purchase containers.

Net cash provided by operating  activities for the years ended December 31, 2002
and 2001 was $5,625 and $7,288,  respectively.  The decrease of $1,663,  or 23%,
was primarily  attributable to the fluctuations in due from affiliates,  net and
gross accounts  receivable.  Fluctuations in due from affiliates,  net, resulted
from timing  differences in payment of expenses,  fees and distributions and the
remittance of net rental revenues and container  sales  proceeds,  as well as in
fluctuations in these amounts. The decrease in gross accounts receivable of $179
for the year ended December 31, 2002 was primarily due to the decrease in rental
income,  offset by the  increase  in the average  collection  period of accounts
receivable.  The decrease in accounts  receivable of $816 during the  comparable
period in 2001 was primarily due to the decrease in rental income.

For the year ended  December 31, 2002 and 2001,  net cash  provided by investing
activities   (the  purchase  and  sale  of  containers)   was  $2,450  and  $22,
respectively.  Net  cash  provided  by  investing  activities  increased  $2,428
primarily due to the increase in proceeds from containers  sales.  Proceeds from
container  sales  increased due to the increase in the number of containers sold
from  December  31, 2001 to 2002.  This  increase  was  partially  offset by the
decrease in the average  sales price  received  on  container  sales.  The sales
prices  received on container sales continued to decrease as a result of current
market  conditions,  which have adversely affected the value of used containers.
Until  demand for  containers  improves  in certain  low demand  locations,  the
Partnership  plans to continue selling some of its containers that are off-lease
in these locations.  The number of containers sold, both in low demand locations
and  elsewhere,  as well as the average  sales  price,  will affect how much the
Partnership can reinvest in new containers.

Consistent  with its  investment  objectives  and  subject  to its  distribution
policy,  the  Partnership  intends  to  continue  to  reinvest  both  cash  from
operations  available for reinvestment and all, or a significant  amount of, the
proceeds from container sales in additional containers. Reinvestment is expected
to  continue  until the  Partnership  begins  its  liquidation  phase,  which is
estimated to begin in 2004. Cash from operations  available for  reinvestment is
generally equal to cash provided by operating activities, less distributions and
redemptions  paid, which are subject to the General  Partners'  authority to set
these  amounts  (and modify  reserves and working  capital),  as provided in the
Partnership  Agreement.  During the years ended December 31, 2002 and 2001 there
was no cash from operations available to reinvest in additional containers.  The
amount of sales proceeds will fluctuate  based on the number of containers  sold
and the sales  price  received.  The  Partnership  sells  containers  when (i) a
container reaches the end of its useful life or (ii) an analysis  indicates that
the sale is warranted  based on existing  market  conditions and the container's
age, location and condition.

Both cash from  operations  available for  reinvestment  and sales proceeds have
been  adversely  affected by market  conditions.  These market  conditions  have
resulted in a slower than anticipated rate of  reinvestment.  Market  conditions
are  discussed  more fully  under  "Results  of  Operations."  A slower  rate of
reinvestment  will, over time,  affect the size of the  Partnership's  container
fleet. Furthermore, even with reinvestment,  the Partnership is not likely to be
able to replace all the  containers  it sells,  since new  container  prices are
usually  higher  than the  average  sales  price for a used  container,  and the
majority of cash available for reinvestment is from sales proceeds.

Results of Operations

The  Partnership's  income from operations,  which consists  primarily of rental
income  less  costs  and  expenses  (including  container  depreciation,  direct
container  expenses,   management  fees,  and  reimbursement  of  administrative
expenses)  was directly  related to the size of the  container  fleet during the
years ended  December 31, 2002,  2001 and 2000, as well as certain other factors
as discussed below. The following is a summary of the container fleet (in units)
available for lease during those periods:

                                                2002        2001        2000
                                                ----        ----        ----

      Beginning container fleet...........    31,411      33,062      32,876
      Ending container fleet..............    28,024      31,411      33,062
      Average container fleet.............    29,718      32,237      32,969


The average  container  fleet  decreased 8% and 2% from the years ended December
31, 2001 to 2002 and December 31, 2000 to 2001,  respectively,  primarily due to
sales of containers.  Although,  sales proceeds were used to purchase additional
containers,  fewer  containers  were  bought than sold as used  container  sales
prices were lower than new container prices. The Partnership's primary source of
funds for container  purchases is these sales  proceeds.  The rate of decline in
average fleet size may fluctuate due to timing  differences  in the purchase and
sale of containers and fluctuations in container sale and purchase prices during
each period.

As noted above,  when containers are sold in the future,  sales proceeds are not
likely to be sufficient to replace all of the containers sold,  resulting in the
continuing  decline in the average  container  fleet.  This trend is expected to
continue.  Other factors related to this trend are discussed above in "Liquidity
and Capital Resources".

Rental income and direct container expenses are also affected by the utilization
of the container  fleet,  which was 65%, 60% and 77% on average during the years
ended December 31, 2002, 2001 and 2000,  respectively.  The remaining  container
fleet is off-lease and is located primarily at a large number of storage depots.
At December 31, 2002 and 2001,  utilization was 83% and 53%,  respectively,  and
the Partnership's  off-lease containers (in units) were located in the following
locations:

                                              2002               2001
                                              ----               ----

         Americas                            2,633              3,296
         Europe                              1,334              2,017
         Asia                                  651              8,647
         Other                                 110                189
                                             -----             ------

         Total off-lease containers          4,728             14,149
                                             =====             ======

At December 31, 2002 approximately 5% of the Partnership's  off-lease containers
had been specifically identified as for sale.

In addition to utilization, rental income is affected by daily rental rates. The
average daily rental rate decreased 11% between the periods. The decrease in the
average  rental  rate was due to  declines  in both  master  and long term lease
rates,  which  are the two  principal  types  of  leases  for the  Partnership's
containers.  The majority of the Partnership's  rental income was generated from
leasing of the Partnership's  containers under master operating  leases,  but an
increasing  percentage of the  Partnership's  containers are on lease under long
term  leases.  At December  31,  2002,  approximately  29% of the  Partnership's
containers were on lease under long term leases. Long term leases generally have
lower rental rates than master  leases  because the lessees have  contracted  to
lease the containers for several years and cannot return the containers prior to
the  termination  date  without a penalty.  Fluctuations  in rental  rates under
either type of lease generally will affect the Partnership's operating results.

The  following is a comparative  analysis of the results of  operations  for the
years ended December 31, 2002, 2001 and 2000.

The  Partnership's  loss from  operations for the years ending December 31, 2002
and 2001 was $3,870 and $2,124,  respectively,  on rental  income of $11,779 and
$13,693, respectively. The decrease in rental income of $1,914, or 14%, from the
year ended December 31, 2001, to the comparable  period in 2002 was attributable
to decreases  in  container  rental  income and other  rental  income,  which is
discussed  below.  Income from container  rentals,  the major component of total
revenue,  decreased $1,776, or 15%, primarily due to decreases in average rental
rates of 11% and the  average  container  fleet of 8%,  offset by an increase in
average on-hire utilization of 8%.

The  Partnership's  (loss) income from  operations for the years ending December
31, 2001 and 2000 was ($2,124)  and $2,961,  respectively,  on rental  income of
$13,693 and $17,525,  respectively.  The decrease in rental income of $3,832, or
22%, from the year ended December 31, 2000, to the comparable period in 2001 was
attributable to a decrease in container rental income,  offset by an increase in
other rental income.  Income from container  rentals  decreased  $3,996, or 25%,
primarily due to the decreases in average  on-hire  utilization of 22%,  average
rental rates of 3%, and average container fleet of 2%.

In the fourth  quarter of 2000,  utilization  began to decline and  continued to
decline  during 2001 and the  beginning  of 2002.  This decline was due to lower
overall  demand by shipping lines for leased  containers,  which was primarily a
result of the worldwide economic slowdown.  Two other factors reduced the demand
for leased  containers.  Shipping  lines added larger  vessels to their  fleets,
which  combined with lower cargo volume  growth,  made it easier for them to use
otherwise  empty vessel space to reposition  their own  containers  back to high
demand  locations.  Additionally,  in anticipation of the delivery of these new,
larger  vessels,  many shipping  lines placed large orders for new containers in
2000 and 2001, thus temporarily  reducing their need to lease containers.  These
orders  for  additional  containers  are part of a  general  increase  in vessel
capacity for the shipping lines.  This increase in vessel  capacity  amounted to
12% in 2001 and 10% in 2002.

Utilization has improved steadily since  March 2002  through the end of 2002 due
to:
o     An increase in export cargo out of Asia
o     Prior repositioning of containers to Asia which placed large quantities of
      containers in areas of high demand
o     Disposal of older containers and fewer purchases of new containers by both
      container  lessors  and shipping  lines in 2001 and 2002,  resulting in an
      overall better-balanced supply of containers
o     The labor disagreement that affected  U.S. West  Coast  ports in the third
      and part of the fourth  quarter  had short-term positive effects on demand
      for containers as  shipping  lines  were  not  able  to  reposition enough
      containers  to  Asia  and  had  to  lease  more  containers to meet  their
      customers' demands

Although  utilization  appears to have  stabilized in the beginning of 2003, the
General Partners caution that market  conditions could  deteriorate again due to
global economic conditions.  Demand for leased containers could therefore weaken
again and result in a decrease  in  utilization  and  further  declines in lease
rates and container sale prices, adversely affecting the Partnership's operating
results.

Despite the  improvement  in  utilization,  the  Partnership  continues  to sell
(rather than reposition) some older containers  located in low demand locations.
For the number of off-lease  containers located in the lower demand locations in
the Americas and Europe,  see chart above.  The decision to sell  containers  is
based on the current  expectation  that the  economic  benefit of selling  these
containers is greater than the estimated  economic  benefit of continuing to own
these containers.  The majority of the containers sold are older containers. The
expected  economic  benefit  of  continuing  to own these  older  containers  is
significantly  less than that of newer containers.  This is due to their shorter
remaining  marine life,  the cost to reposition  them,  and the shipping  lines'
preference for leasing newer containers when they have a choice.

Once the decision was made to sell  containers,  the Partnership  wrote down the
value of these  specifically  identified  containers when the carrying value was
greater than the  container's  estimated  fair value,  which was based on recent
sales prices less cost of sales. Due to declines in container sales prices,  the
actual sales prices  received on some  containers  were lower than the estimates
used for the write-down,  resulting in the Partnership incurring losses upon the
sale  of  some  of  these  containers.  Until  market  conditions  improve,  the
Partnership  may incur  further  write-downs  and/or  losses on the sale of such
containers  before they reach the end of their useful life. The Partnership will
continue  to evaluate  whether  additional  write-downs  are  necessary  for its
container rental equipment.

Other rental income consists of other lease-related items, primarily income from
charges to lessees for dropping off containers in surplus locations less credits
granted to lessees for  leasing  containers  from  surplus  locations  (location
income),  income  from  charges to lessees for  handling  related to leasing and
returning  containers (handling income) and income from charges to lessees for a
Damage Protection Plan (DPP). For the year ended December 31, 2002, other rental
income was $1,760,  a decrease of $138 from the  equivalent  period in 2001. The
decrease was  primarily  due to decreases in location and DPP income of $154 and
$127,  respectively,  offset by the  increase  in handling  income of $144.  The
decrease  in location  income was  primarily  due to the  decrease in charges to
lessees for dropping off containers in surplus locations,  offset by the decline
in credits granted to lessees for picking up containers from surplus  locations.
DPP income  declined  due to a decrease  in the  average  DPP price  charged per
container and  fluctuations  in the number of containers  covered under DPP. The
increase in handling  income was due to increases in container  movement and the
average handling charged per container.

For the year ended  December  31,  2001,  other  rental  income was  $1,898,  an
increase of $164 from the equivalent  period in 2000. The increase was primarily
due to the  increase  in  location  income of $311,  offset by the  decrease  in
handling  income of $132.  The increase in location  income was primarily due to
(i) the decline in credits  granted to lessees for  picking up  containers  from
surplus locations as there were fewer lease-out  opportunities for which credits
could be offered  and (ii) the  increase  in charges  to  lessees  for  dropping
containers in certain  locations.  The decline in handling  income was primarily
due to the  decline  in  container  movement,  and was  partially  offset by the
increase in the average handling charge per container.

Direct container  expenses decreased $1,658, or 30% from the year ended December
31,  2001,  to the same  period  in 2002.  The  decrease  was  primarily  due to
decreases in repositioning, storage, DPP and maintenance expenses of $833, $575,
$134 and $130,  respectively.  Repositioning  expense decreased primarily due to
the  decrease in the average  cost to  reposition  containers  primarily  due to
shorter, less expensive  repositioning moves made during the year ended December
31, 2002 compared to the same period in 2001.  Storage expense  decreased due to
the increase in average utilization noted above and a lower average storage cost
per container. DPP expense declined primarily due to the decrease in the average
DPP repair cost per container. Maintenance expense decreased due to the decrease
in the number of containers requiring  maintenance and a decrease in the average
maintenance cost per container.

Direct  container  expenses  increased $613, or 13% from the year ended December
31,  2000,  to the same period in 2001.  The increase  was  primarily  due to an
increase in storage expense of $1,250,  offset by decreases in repositioning and
handling expenses of $428 and $123, respectively.  Storage expense increased due
to the decline in average  utilization  noted above and a higher average storage
cost per  container.  Repositioning  expense  decreased due to a decrease in the
number  of  containers  repositioned,  and a  decrease  in the  average  cost to
reposition  containers.  Handling  expense  decreased  due  to the  decrease  in
container movement and a decrease in the average handling cost per container.

Bad debt  expense  (benefit)  was $20,  ($25) and  ($120)  for the  years  ended
December 31, 2002, 2001 and 2000, respectively. Fluctuations in bad debt expense
(benefit)  reflect the  adjustment  to the bad debt  allowance  and are based on
management's then current  estimates of the portion of accounts  receivable that
may not be  collected,  and  which  will  not be  covered  by  insurance.  These
estimates  are  based  primarily  on  management's  current  assessment  of  the
financial condition of the Partnership's lessees and their ability to make their
required  payments.  The expense  recorded for the year ended  December 31, 2002
reflects the addition to bad debt  allowance,  after  deductions  had been taken
against the reserve.  The benefits  recorded during the years ended December 31,
2001 and 2000 reflect lower reserve estimates from December 31, 2000 and 1999.

Depreciation expense increased $251, or 4% from the year ended December 31, 2001
to 2002. The increase was primarily due to an increase in the depreciation  rate
as a result of changes in estimated salvage values as discussed below, offset by
a decrease in average fleet size.  Depreciation  expense  decreased $115, or 2%,
from the year ended  December 31, 2000 to 2001  primarily  due to the decline in
average fleet size.

Effective  July 1, 2002,  the  Partnership  revised its estimate  for  container
salvage  value from a  percentage  of equipment  cost to an  estimated  residual
dollar value. The effect of this change for the year ended December 31, 2002 was
an increase to depreciation expense of $1,011. The Partnership will evaluate the
estimated  residual values and remaining  estimated  useful lives on an on-going
basis and will revise its estimates as needed. As a result, depreciation expense
may fluctuate in future periods based on  fluctuations  in these  estimates.  If
estimates  regarding  residual value and remaining useful life of the containers
were to decline,  depreciation  expense would increase,  adversely affecting the
Partnership's operating results.

New  container  prices  steadily  declined  from  1995  through  1999.  Although
container prices increased in 2000, these prices declined again in 2001 and have
remained low during 2002. As a result,  the cost of new containers  purchased in
recent years is significantly less than the average cost of containers purchased
in prior years.  The Partnership  evaluated the  recoverability  of the recorded
amount  of  container  rental  equipment  at  December  31,  2002  and  2001 for
containers to be held for continued use and  determined  that a reduction to the
carrying  value of these  containers  was not  required.  The  Partnership  also
evaluated the recoverability of the recorded amount of containers identified for
sale in the ordinary  course of business and determined  that a reduction to the
carrying value of these containers was required.  The Partnership wrote down the
value of these  containers  to their  estimated  fair value,  which was based on
recent  sales  prices less cost of sales.  During the years ended  December  31,
2002, 2001 and 2000, the  Partnership  recorded  write-down  expenses of $1,715,
$954 and $249,  respectively,  on 2,150, 1,284 and 344 containers identified for
sale and  requiring a reserve.  During the year ended  December  31,  2002,  the
Partnership also transferred 503 containers from containers  identified for sale
to containers held for continued use due to the improvement in demand for leased
containers in Asia.  There were no transfers during the years ended December 31,
2001 and 2000. At December 31, 2002 and 2001,  the net book value of the 244 and
841 containers identified as for sale was $233 and $753, respectively.

The  Partnership  sold 2,234 of these  previously  written down containers for a
loss of $77 during the year ended  December  31, 2002,  and sold 612  previously
written down containers for a loss of $39 during the same period in 2001. During
the year ended December 31, 2000, the  Partnership  sold 320 previously  written
down containers for a loss of $9. The Partnership incurred losses on the sale of
some containers  previously  written down as the actual sales prices received on
these containers were lower than the estimates used for the write-downs.

The Partnership also sold containers that had not been written down and recorded
losses of $1,031,  $466 and $80 during the years ended  December 31, 2002,  2001
and 2000, respectively.

As more  containers are  subsequently  identified for sale or if container sales
prices decline,  the Partnership may incur additional  write-downs on containers
and/or may incur losses on the sale of containers. The Partnership will continue
to evaluate  the  recoverability  of the  recorded  amount of  container  rental
equipment and cautions that a write-down  of container  rental  equipment may be
required in future periods for some of its container rental equipment.

Management  fees to affiliates  decreased  $232 or 18% and $312 or 19%, from the
years  ended  December  31,  2001  to  2002  and  December  31,  2000  to  2001,
respectively.  The  decreases  were  due to  decreases  in  both  equipment  and
incentive  management  fees.  Equipment  management  fees  decreased  due to the
decrease in rental income,  upon which  equipment  management fees are primarily
based.  These fees were  approximately  7% of rental  income for these  periods.
Incentive  management  fees,  which are based on the  Partnership's  limited and
general  partner  distributions  made from cash from  operations  and  partners'
capital  decreased   primarily  due  to  (i)  the  decrease  in  the  amount  of
distributions  paid from cash from  operations  and (ii)  decreases in partners'
capital due to redemptions of limited partners units.

General and administrative  costs to affiliates decreased $77, or 11%, and $147,
or 17%, from the years ended  December 31, 2001 to 2002 and December 31, 2000 to
2001,  respectively.  These  decreases  were  primarily  due to decreases in the
allocation of overhead costs from TEM, as the Partnership  represented a smaller
portion of the total fleet managed by TEM.

The  Partnership  Agreement  provides  for the  ongoing  payment to the  General
Partners of the management fees and the reimbursement of the expenses  discussed
above.  Since these fees and expenses are  established  by the  Agreement,  they
cannot be considered the result of arms' length negotiations with third parties.
The Partnership Agreement was formulated at the Partnership's  inception and was
part of the terms  upon which the  Partnership  solicited  investments  from its
limited partners. The business purpose of paying the General Partners these fees
is to  compensate  the  General  Partners  for the  services  they render to the
Partnership.  Reimbursement  for  expenses  is made to offset  some of the costs
incurred by the General  Partners in managing the  Partnership and its container
fleet.  More details about these fees and expenses are included in footnote 2 to
the Financial Statements.

Other general and  administrative  costs increased $114, or 58% and $26, or 15%,
from the years ended  December  31, 2001 to 2002 and  December 31, 2000 to 2001,
respectively.  The  increases  were  primarily due to increases in other service
fees between the periods.

Loss on sale of containers increased $603 and $416 from the years ended December
31, 2001 to 2002 and December 31, 2000 to 2001,  respectively.  These  increases
were primarily due to the  Partnership  selling more containers at lower average
sales prices.

Net loss per  limited  partnership  unit  increased  from $0.32 to $0.59 for the
years ended December 31, 2001 and 2002, respectively, reflecting the increase in
net loss allocated to limited partners from $2,119 to $3,908  respectively.  Net
earnings (loss) per limited  partnership  unit fluctuated from earnings of $0.45
to a loss of $0.32 for the years ended December 31, 2000 and 2001, respectively,
reflecting the fluctuations in net earnings (loss) allocated to limited partners
from earnings of $3,082 to a loss of $2,119 respectively.  The allocation of net
earnings (loss) for the years ended December 31, 2002, 2001 and 2000, included a
special  allocation  of gross income to the General  Partners of $107,  $107 and
$68, respectively, in accordance with the Partnership Agreement.

Critical Accounting Policies and Estimates

The Partnership's discussion and analysis of its financial condition and results
of operations are based upon the Partnership's financial statements,  which have
been prepared in accordance with accounting principles generally accepted in the
United States of America.  Certain  estimates and  assumptions  were made by the
Partnership's  management  that  affect  the  reported  amounts  of  assets  and
liabilities and disclosures of contingent  assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. The Partnership's management evaluates its estimates on an
on-going  basis,  including  those  related to the container  rental  equipment,
accounts receivable and accruals.

These  estimates  are  based  on  historical  experience  and on  various  other
assumptions  that are believed to be  reasonable  under the  circumstances,  the
results of which  form the basis for making  judgments  regarding  the  carrying
values of assets  and  liabilities.  Actual  results  could  differ  from  those
estimates under different assumptions or conditions.

The Partnership's management believes the following critical accounting policies
affect its more  significant  judgments and estimates used in the preparation of
its financial statements.

The Partnership  maintains allowances for doubtful accounts for estimated losses
resulting  from the  inability of its lessees to make required  payments.  These
allowances  are  based  on  management's  current  assessment  of the  financial
condition of the Partnership's  lessees and their ability to make their required
payments.  If the  financial  condition  of the  Partnership's  lessees  were to
deteriorate,  resulting  in an  impairment  of their  ability to make  payments,
additional  allowances  may  be  required,  which  would  adversely  affect  the
Partnership's operating results.

The  Partnership  depreciates  its container  rental  equipment based on certain
estimates  related to the  container's  useful  life and  salvage  value.  These
estimates are based upon assumptions  about future demand for leased  containers
and the  estimated  sales  price  at the  end of the  container's  useful  life.
Effective  July 1, 2002,  the  Partnership  revised its estimate  for  container
salvage  value  from a  percentage  of  equipment  cost to an  estimated  dollar
residual value, reflecting current expectations of ultimate residual values. The
Partnership will evaluate the estimated residual values and remaining  estimated
useful lives on an on-going basis and will revise its estimates as needed.  As a
result,   depreciation   expense  may  fluctuate  in  future  periods  based  on
fluctuations in these estimates.  If the estimates  regarding residual value and
remaining  useful life of the containers were to decline,  depreciation  expense
would increase, adversely affecting the Partnership's operating results.

Additionally,  the  recoverability  of the recorded  amounts of containers to be
held for  continued  use and  identified  for  sale in the  ordinary  course  of
business are evaluated to ensure that  containers held for continued use are not
impaired and that containers identified for sale are recorded at amounts that do
not exceed the estimated fair value of the containers. Containers to be held for
continued  use are  considered  impaired and are written down to estimated  fair
value  when the  estimated  future  undiscounted  cash  flows  are less than the
recorded  values.  Containers  identified for sale are written down to estimated
fair  value when the  recorded  value  exceeds  the  estimated  fair  value.  In
determining  the  estimated  future  undiscounted  cash  flows and fair value of
containers,  assumptions are made regarding future demand and market  conditions
for leased containers and the sales prices for used containers. If actual market
conditions are less favorable than those projected or if actual sales prices are
lower than those  estimated by the  Partnership,  additional  write-downs may be
required  and/or losses may be realized.  Any  additional  write-downs or losses
would adversely affect the Partnership's operating results.

Accounting Pronouncements

In April 2002,  the FASB issued SFAS No. 145,  "Rescission of FASB Statement No.
4, 44 and 64,  Amendment of FASB  Statement No. 13, and Technical  Corrections."
SFAS No. 145 rescinds FASB Statement No. 4, "Reporting  Gains and Losses of Debt
Extinguishments" and an amendment of that Statement, FASB Statement No. 64. SFAS
No. 145 also rescinds FASB Statement No. 44,  "Accounting for Intangible  Assets
of Motor Carriers." FASB 145 also amends FASB Statement No. 13,  "Accounting for
Leases",  to eliminate an  inconsistency  between the  required  accounting  for
sale-leaseback  transactions  and the  required  accounting  for  certain  lease
modifications that have economic effects similar to sale-leaseback transactions.
These rescissions and amendment are not anticipated to have a material impact on
the financial statements of the Partnership.

In June 2002, the FASB issued SFAS No. 146 "Accounting for Costs Associated With
Exit or Disposal  Activities".  SFAS No. 146 addresses financial  accounting and
reporting for costs  associated  with exit or disposal  activities and nullifies
Emerging  Issues Task Force (EITF)  Issue No. 94-3  "Liability  Recognition  for
Certain  Employee  Termination  Benefits  and  Other  Costs to Exit an  Activity
(including Certain Costs Incurred in a Restructuring)."  This Statement requires
that a liability  for a cost  associated  with an exit or  disposal  activity be
recognized when the liability is incurred.  The provisions of this Statement are
effective for exit or disposal  activities that are initiated after December 31,
2002, with early application  encouraged.  The Partnership  anticipates that the
adoption  of SFAS  No.  146 will not have a  material  impact  on its  financial
statements.

Risk Factors and Forward Looking Statements

Although  substantially  all of the  Partnership's  income  from  operations  is
derived from assets employed in foreign operations, virtually all of this income
is  denominated  in United  States  dollars.  The  Partnership's  customers  are
international  shipping  lines,  which transport  goods on  international  trade
routes.  The  domicile  of the lessee is not  indicative  of where the lessee is
transporting  the  containers.  The  Partnership's  business risk in its foreign
operations lies with the  creditworthiness of the lessees, and the Partnership's
ability to keep its containers under lease,  rather than the geographic location
of the  containers or the domicile of the lessees.  The containers are generally
operated on the international high seas rather than on domestic  waterways.  The
containers are subject to the risk of war or other political, economic or social
occurrence  where  the  containers  are used,  which  may  result in the loss of
containers,  which,  in turn,  may have a material  impact on the  Partnership's
results of operations and financial condition.

Other risks of the Partnership's  leasing  operations include  competition,  the
cost of  repositioning  containers  after  they come  off-lease,  the risk of an
uninsured loss, including bad debts,  increases in maintenance expenses or other
costs of  operating  the  containers,  and the effect of world  trade,  industry
trends  and/or  general  business  and  economic  cycles  on  the  Partnership's
operations. See "Risk Factors" in the Partnership's Prospectus, as supplemented,
for additional information on risks of the Partnership's business. See "Critical
Accounting  Policies and Estimates"  above for information on the  Partnership's
critical  accounting policies and how changes in those estimates could adversely
affect the Partnership's results of operations.

The foregoing includes forward-looking statements and predictions about possible
or  future  events,  results  of  operations  and  financial  condition.   These
statements  and  predictions  may  prove  to  be  inaccurate,   because  of  the
assumptions  made by the  Partnership  or the  General  Partners  or the  actual
development  of  future  events.  No  assurance  can be given  that any of these
forward-looking statements or predictions will ultimately prove to be correct or
even substantially correct. The risks and uncertainties in these forward-looking
statements  include,  but are not  limited  to,  changes  in demand  for  leased
containers,  changes in global  business  conditions  and their  effect on world
trade,  future  modifications  in the way in  which  the  Partnership's  lessees
conduct their business or of the  profitability of their business,  increases or
decreases in new container  prices or the  availability  of financing  therefor,
alterations in the costs of maintaining and repairing used containers, increases
in competition,  changes in the Partnership's  ability to maintain insurance for
its  containers  and its  operations,  the effects of  political  conditions  on
worldwide  shipping and demand for global trade or of other general business and
economic cycles on the  Partnership,  as well as other risks detailed herein and
from time to time in the Partnership's  filings with the Securities and Exchange
Commission.  The  Partnership  does  not  undertake  any  obligation  to  update
forward-looking statements.

ITEM 7A.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

             Inapplicable.

ITEM 8.      FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA


             Attached pages 16 to 29.


<PAGE>


                          Independent Auditors' Report
                          ----------------------------


The Partners
Textainer Equipment Income Fund IV, L.P.:

We have audited the  accompanying  balance sheets of Textainer  Equipment Income
Fund IV, L.P. (a  California  limited  partnership)  as of December 31, 2002 and
2001, the related statements of operations, partners' capital and cash flows for
each of the years in the  three-year  period  ended  December  31,  2002.  These
financial statements are the responsibility of the Partnership's management. Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the  United  States of  America.  Those  standards  require  that we plan and
perform the audit to obtain  reasonable  assurance  about  whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of Textainer Equipment Income Fund
IV, L.P. as of December  31, 2002 and 2001,  and the results of its  operations,
its partners' capital and its cash flows for each of the years in the three-year
period  ended  December  31,  2002  in  conformity  with  accounting  principles
generally accepted in the United States of America.



                                  /s/ KPMG LLP



San Francisco, California
February 14, 2003


<PAGE>
<TABLE>
<CAPTION>



TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Balance Sheets

December 31, 2002 and 2001
(Amounts in thousands)
----------------------------------------------------------------------------------------------------------------

                                                                                2002                  2001
                                                                           ---------------       ---------------
<S>                                                                       <C>                   <C>
Assets
Container rental equipment, net of accumulated
   depreciation of $51,768 (2001:  $53,901) (note1(e))                     $       41,630        $       53,612
Cash                                                                                2,339                 1,841
Accounts receivable, net of allowance
   for doubtful accounts of $164 (2001:  $218)                                      3,107                 3,021
Due from affiliates, net (note 2)                                                      84                   406
Prepaid expenses                                                                       40                    18
                                                                           ---------------       ---------------

                                                                           $       47,200        $       58,898
                                                                           ===============       ===============

Liabilities and Partners' Capital
Liabilities:
   Accounts payable                                                        $          296        $          690
   Accrued liabilities                                                                430                   264
   Accrued damage protection plan costs (note 1(k))                                   246                   199
   Warranty claims (note 1(l))                                                        232                   293
   Accrued recovery costs (note 1(j))                                                 184                   226
   Deferred quarterly distributions (note 1(g))                                        83                    81
                                                                           ---------------       ---------------

      Total liabilities                                                             1,471                 1,753
                                                                           ---------------       ---------------

Partners' capital:
   General partners                                                                     -                     -
   Limited partners                                                                45,729                57,145
                                                                           ---------------       ---------------

      Total partners' capital                                                      45,729                57,145
                                                                           ---------------       ---------------


                                                                           $       47,200        $       58,898
                                                                           ===============       ===============

See accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
<CAPTION>


TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Statements of Operations

Years ended December 31, 2002, 2001 and 2000
(Amounts in thousands except for unit and per unit amounts)
----------------------------------------------------------------------------------------------------------------------------

                                                                          2002                2001                2000
                                                                   -----------------   -----------------   -----------------
<S>                                                               <C>                 <C>                 <C>
Rental income                                                      $         11,779    $         13,693    $         17,525
                                                                   -----------------   -----------------   -----------------

Costs and expenses:
   Direct container expenses                                                  3,811               5,469               4,856
   Bad debt expense (benefit)                                                    20                 (25)               (120)
   Depreciation (note 1(e))                                                   6,920               6,669               6,784
   Write-down of containers (note 1(e))                                       1,715                 954                 249
   Professional fees                                                             57                  32                  60
   Management fees to affiliates (note 2)                                     1,063               1,295               1,607
   General and administrative costs to affiliates (note 2)                      646                 723                 870
   Other general and administrative costs                                       309                 195                 169
   Loss on sale of containers (note 1 (e))                                    1,108                 505                  89
                                                                   -----------------   -----------------   -----------------

                                                                             15,649              15,817              14,564
                                                                   -----------------   -----------------   -----------------

   (Loss) income from operations                                             (3,870)             (2,124)              2,961
                                                                   -----------------   -----------------   -----------------

   Interest income                                                               31                  92                 221
                                                                   -----------------   -----------------   -----------------

   Net (loss) earnings                                             $         (3,839)   $         (2,032)   $          3,182
                                                                   =================   =================   =================

Allocation of net (loss) earnings (note 1(g)):
   General partners                                                $             69    $             87    $            100
   Limited partners                                                          (3,908)             (2,119)              3,082
                                                                   -----------------   -----------------   -----------------

                                                                   $         (3,839)   $         (2,032)   $          3,182
                                                                   =================   =================   =================
Limited partners' per unit share
   of net (loss) earnings                                          $          (0.59)   $          (0.32)   $           0.45
                                                                   =================   =================   =================

Limited partners' per unit share
   of distributions                                                $           1.00    $           1.23    $           1.40
                                                                   =================   =================   =================

Weighted average number of limited
   partnership units outstanding (note 1(m))                              6,633,981           6,718,741           6,775,430
                                                                   =================   =================   =================

See accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Statements of Partners' Capital

Years ended December 31, 2002, 2001 and 2000
(Amounts in thousands)
--------------------------------------------------------------------------------------------------------------------------

                                                                                      Partners' Capital
                                                                    ------------------------------------------------------
                                                                        General            Limited              Total
                                                                    --------------      --------------     ---------------
<S>                                                                <C>                 <C>                <C>
Balances at December 31, 1999                                       $           -       $      74,637      $       74,637

Distributions                                                                (100)             (9,492)             (9,592)

Redemptions (note 1(n))                                                         -                (439)               (439)

Net earnings                                                                  100               3,082               3,182
                                                                    --------------      --------------     ---------------

Balances at December 31, 2000                                                   -              67,788              67,788
                                                                    --------------      --------------     ---------------

Distributions                                                                 (87)             (8,290)             (8,377)

Redemptions (note 1(n))                                                         -                (234)               (234)

Net (loss) earnings                                                            87              (2,119)             (2,032)
                                                                    --------------      --------------     ---------------

Balances at December 31, 2001                                                   -              57,145              57,145
                                                                    --------------      --------------     ---------------

Distributions                                                                 (69)             (6,648)             (6,717)

Redemptions (note 1(n))                                                         -                (860)               (860)

Net (loss) earnings                                                            69              (3,908)             (3,839)
                                                                    --------------      --------------     ---------------

Balances at December 31, 2002                                       $           -       $      45,729      $       45,729
                                                                    ==============      ==============     ===============


See accompanying notes to financial statements

</TABLE>
<PAGE>
<TABLE>
<CAPTION>


TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Statements of Cash Flows

Years ended December 31, 2002, 2001 and 2000
(Amounts in thousands)
------------------------------------------------------------------------------------------------------------------------------------

                                                                                    2002             2001            2000
                                                                                ------------    -------------    -------------
<S>                                                                              <C>               <C>           <C>
Cash flows from operating activities:
   Net (loss) earnings                                                          $    (3,839)    $     (2,032)    $      3,182
   Adjustments to reconcile net (loss) earnings to
      net cash provided by operating activities:
         Depreciation and container write-down (note 1(e))                            8,635            7,623            7,033
         Decrease in allowance for doubtful accounts                                    (54)            (105)            (426)
         Loss on sale of containers                                                   1,108              505               89
         Decrease (increase) in assets:
            Accounts receivable                                                         179              816            1,047
            Prepaid expenses                                                            (22)              (1)               3
            Due from affiliates, net                                                    (98)             786               10
         (Decrease) increase in liabilities:
            Accounts payable & accrued liabilities                                     (228)             (83)             232
            Accrued recovery costs                                                      (42)               7               33
            Accrued damage protection plan costs                                         47             (167)            (178)
            Warranty claims                                                             (61)             (61)             (61)
                                                                               -------------    -------------    -------------

               Net cash provided by operating activities                              5,625            7,288           10,964
                                                                               -------------    -------------    -------------

Cash flows from investing activities:
   Proceeds from sale of containers                                                   4,052            1,709            1,798
   Container purchases                                                               (1,602)          (1,687)          (2,201)
                                                                               -------------    -------------    -------------

              Net cash provided by (used in) investing activities                     2,450               22             (403)
                                                                               -------------    -------------    -------------

Cash flows from financing activities:
    Redemptions of limited partnership units                                           (860)            (234)            (439)
    Distributions to partners                                                        (6,717)          (8,418)          (9,599)
                                                                               -------------    -------------    -------------

               Net cash used in financing activities                                 (7,577)          (8,652)         (10,038)
                                                                               -------------    -------------    -------------

Net increase (decrease) in cash                                                         498           (1,342)             523

Cash at beginning of period                                                           1,841            3,183            2,660
                                                                               -------------    -------------    -------------

Cash at end of period                                                          $      2,339     $      1,841     $      3,183
                                                                               =============    =============    =============

</TABLE>


See accompanying notes to financial statements


<PAGE>
<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Statements of Cash Flows - Continued

Years ended December 31, 2002, 2001 and 2000
(Amounts in thousands)
--------------------------------------------------------------------------------

Supplemental Disclosures:

Supplemental schedule of non-cash investing and financing activities:

The following table summarizes the amounts of container purchases, distributions
to partners  and  proceeds  from sale of  containers  which had not been paid or
received  by the  Partnership  as of December  31,  2002,  2001,  2000 and 1999,
resulting in  differences  in amounts  recorded and amounts of cash disbursed or
received by the Partnership, as shown in the Statements of Cash Flows.

                                                                     2002          2001           2000          1999
                                                                     ----          ----           ----          ----
<S>                                                                 <C>          <C>         <C>              <C>
Container purchases included in:
   Due to affiliates.....................................            $  -          $ 27         $    -          $  -
   Container purchases payable...........................               -             -          1,098             -

Distributions to partners included in:
   Due to affiliates.....................................               5             7              8             9
   Deferred quarterly distributions......................              83            81            121           127

Proceeds from sale of containers included in:
   Due from affiliates...................................             318           767            253           270

The following table summarizes the amounts of container purchases, distributions
to partners and proceeds from sale of containers recorded by the Partnership and
the amounts  paid or received as shown in the  Statements  of Cash Flows for the
years ended December 31, 2002, 2001 and 2000.

                                                                                   2002           2001          2000
                                                                                   ----           ----          ----

Container purchases recorded.........................................            $1,575         $  616        $3,299
Container purchases paid.............................................             1,602          1,687         2,201

Distributions to partners declared...................................             6,717          8,377         9,592
Distributions to partners paid.......................................             6,717          8,418         9,599

Proceeds from sale of containers recorded............................             3,603          2,223         1,781
Proceeds from sale of containers received............................             4,052          1,709         1,798

The  Partnership  has  entered  into direct  finance  leases,  resulting  in the
transfer of containers from container rental  equipment to accounts  receivable.
The carrying  values of containers  transferred  during the years ended December
31, 2002, 2001 and 2000 were $211, $100 and $211, respectively.

See accompanying notes to financial statements
</TABLE>

<PAGE>


TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Notes to Financial Statements

Years ended  December 31, 2002, 2001 and 2000
(Amounts in thousands except for unit and per unit amounts)
--------------------------------------------------------------------------------


Note 1.  Summary of Significant Accounting Policies

     (a)  Nature of Operations

     Textainer  Equipment Income Fund IV, L.P. (TEIF IV or the  Partnership),  a
     California limited partnership, with a maximum life of 20 years, was formed
     on October 30, 1991. The  Partnership  was formed to engage in the business
     of owning,  leasing and selling both new and used equipment  related to the
     international  containerized  cargo shipping industry,  including,  but not
     limited to,  containers,  trailers and other  container-related  equipment.
     TEIF IV offered units representing limited partnership interests (Units) to
     the public until April 30, 1994, the close of the offering  period,  when a
     total of 6,845,903 Units had been purchased for a total of $136,918.

     Textainer  Financial  Services  Corporation  (TFS) is the managing  general
     partner of the Partnership.  TFS is a wholly-owned  subsidiary of Textainer
     Capital Corporation (TCC). Textainer Equipment Management Limited (TEM) and
     Textainer  Limited (TL) are associate  general partners of the Partnership.
     The  managing  general  partner  and the  associate  general  partners  are
     collectively  referred to as the General Partners and are commonly owned by
     Textainer Group Holdings  Limited (TGH).  The General  Partners also act in
     this capacity for other limited  partnerships.  The General Partners manage
     and control the affairs of the Partnership.

     (b)  Basis of Accounting

     The  Partnership  utilizes  the accrual  method of  accounting.  Revenue is
     recorded  when  earned  according  to the  terms  of the  container  rental
     contracts.  These  contracts are  classified as operating  leases or direct
     finance  based  on  the  criteria  of  Statement  of  Financial  Accounting
     Standards No. 13: "Accounting for Leases".

     (c) Critical Accounting Policies and Estimates

     Certain estimates and assumptions were made by the Partnership's management
     that affect the reported  amounts of assets and liabilities and disclosures
     of  contingent  assets  and  liabilities  at  the  date  of  the  financial
     statements  and the  reported  amounts of revenue and  expenses  during the
     reporting period. The Partnership's  management  evaluates its estimates on
     an  on-going  basis,  including  those  related  to  the  container  rental
     equipment, accounts receivable and accruals.

     These  estimates  are based on historical  experience  and on various other
     assumptions that are believed to be reasonable under the circumstances, the
     results of which form the basis for making judgments regarding the carrying
     values of assets and  liabilities.  Actual  results could differ from those
     estimates under different assumptions or conditions.

     The Partnership's  management  believes the following  critical  accounting
     policies  affect its more  significant  judgments and estimates used in the
     preparation of its financial statements.

     The Partnership  maintains  allowances for doubtful  accounts for estimated
     losses  resulting  from  the  inability  of its  lessees  to make  required
     payments.  These allowances are based on management's current assessment of
     the financial  condition of the Partnership's  lessees and their ability to
     make  their  required   payments.   If  the  financial   condition  of  the
     Partnership's  lessees were to  deteriorate,  resulting in an impairment of
     their ability to make payments, additional allowances may be required.

     The Partnership depreciates its container rental equipment based on certain
     estimates related to the container's  useful life and salvage value.  These
     estimates  are based  upon  assumptions  about  future  demand  for  leased
     containers  and the  estimated  sales  price at the end of the  container's
     useful life. The  Partnership  will evaluate the estimated  residual values
     and remaining  estimated  useful lives on an on-going basis and will revise
     its estimates as needed. As a result, depreciation expense may fluctuate in
     future periods based on fluctuations in these estimates.

     Additionally,  the  recoverability of the recorded amounts of containers to
     be held for continued use and identified for sale in the ordinary course of
     business are evaluated to ensure that containers held for continued use are
     not  impaired  and that  containers  identified  for sale are  recorded  at
     amounts  that do not exceed  the  estimated  fair value of the  containers.
     Containers  to be held for continued  use are  considered  impaired and are
     written down to estimated fair value when the estimated future undiscounted
     cash flows are less than the recorded  values.  Containers  identified  for
     sale are  written  down to  estimated  fair value when the  recorded  value
     exceeds the estimated  fair value.  In  determining  the  estimated  future
     undiscounted cash flows and fair value of containers,  assumptions are made
     regarding future demand and market conditions for leased containers and the
     sales prices for used  containers.  If actual  market  conditions  are less
     favorable  than those  projected  or if actual  sales prices are lower than
     those estimated by the Partnership,  additional write-downs may be required
     and/or losses may be realized.

     (d)  Fair Value of Financial Instruments

     In accordance  with  Statement of Financial  Accounting  Standards No. 107,
     "Disclosures  about Fair Value of Financial  Instruments,"  the Partnership
     calculates  the fair  value of  financial  instruments  and  includes  this
     additional  information in the notes to the financial  statements  when the
     fair value is different than the book value of those financial instruments.
     At  December  31,  2002  and  2001,  the fair  value  of the  Partnership's
     financial  instruments (cash,  accounts receivable and current liabilities)
     approximates the related book value of such instruments.

     (e)  Container Rental Equipment

     Container rental equipment is recorded at the cost of the assets purchased,
     which includes  acquisition  fees, less accumulated  depreciation  charged.
     Through June 30, 2002 depreciation of new containers was computed using the
     straight-line  method  over an  estimated  useful life of 12 years to a 28%
     salvage value.  Used containers were depreciated based upon their estimated
     remaining  useful  life at the date of  acquisition  (from 2 to 11  years).
     Effective July 1, 2002, the Partnership  revised its estimate for container
     salvage  value from a percentage of equipment  cost to an estimated  dollar
     residual  value,  reflecting  current  expectations  of  ultimate  residual
     values.  The effect of this change for the year ended December 31, 2002 was
     an  increase  to  depreciation  expense of  $1,011.  The  Partnership  will
     evaluate the estimated residual values and remaining estimated useful lives
     on an on-going basis and will revise its estimates as needed.  As a result,
     depreciation  expense may fluctuate in future periods based on fluctuations
     in these estimates.  When assets are retired or otherwise  disposed of, the
     cost and related  accumulated  depreciation  are removed from the equipment
     accounts and any  resulting  gain or loss is  recognized  in income for the
     period.

     In accordance  with  Statement of Financial  Accounting  Standards No. 144,
     "Accounting  for the  Impairment  or Disposal of  Long-Lived  Assets" (SFAS
     144),  the  Partnership  periodically  compares the  carrying  value of the
     containers  to expected  future cash flows for the purpose of assessing the
     recoverability  of the  recorded  amounts.  If the carrying  value  exceeds
     expected  future cash flows,  the assets are written down to estimated fair
     value. In addition,  containers identified for disposal are recorded at the
     lower of carrying amount or fair value less cost to sell.

     New container  prices  steadily  declined from 1995 through 1999.  Although
     container prices increased in 2000, these prices declined again in 2001 and
     have  remained low during  2002.  As a result,  the cost of new  containers
     purchased  in recent years is  significantly  less than the average cost of
     containers  purchased  in  prior  years.  The  Partnership   evaluated  the
     recoverability  of the  recorded  amount of container  rental  equipment at
     December 31, 2002 and 2001 for  containers to be held for continued use and
     determined  that a reduction to the carrying value of these  containers was
     not required.  The  Partnership  also evaluated the  recoverability  of the
     recorded amount of containers identified for sale in the ordinary course of
     business and  determined  that a reduction  to the carrying  value of these
     containers  was  required.  The  Partnership  wrote down the value of these
     containers to their  estimated fair value,  which was based on recent sales
     prices less cost of sales.  During the years ended December 31, 2002,  2001
     and 2000, the Partnership  recorded write-down expenses of $1,715, $954 and
     $249, respectively,  on 2,150, 1,284 and 344 containers identified for sale
     and  requiring a reserve.  During the year ended  December  31,  2002,  the
     Partnership also transferred 503 containers from containers  identified for
     sale to containers  held for continued use due to the improvement in demand
     for leased  containers  in Asia.  There were no transfers  during the years
     ended  December 31, 2001 and 2000.  At December 31, 2002 and 2001,  the net
     book value of the 244 and 841  containers  identified  as for sale was $233
     and $753, respectively.

     The Partnership sold 2,234 of these previously  written down containers for
     a loss of $77  during  the  year  ended  December  31,  2002,  and sold 612
     previously written down containers for a loss of $39 during the same period
     in 2001.  During the year ended December 31, 2000, the Partnership sold 320
     previously  written  down  containers  for a loss  of $9.  The  Partnership
     incurred losses on the sale of some containers  previously  written down as
     the actual sales prices  received on these  containers  were lower than the
     estimates used for the write-downs.

     The  Partnership  also sold  containers  that had not been written down and
     recorded losses of $1,031, $466 and $80 during the years ended December 31,
     2002, 2001 and 2000, respectively.

     As more  containers  are  subsequently  identified for sale or if container
     sales prices decline,  the Partnership may incur additional  write-downs on
     containers  and/or  may  incur  losses  on  the  sale  of  containers.  The
     Partnership  will continue to evaluate the  recoverability  of the recorded
     amount of container rental equipment.
<PAGE>

     (f)  Nature of Income from Operations

     Although  substantially all of the Partnership's  income from operations is
     derived from assets employed in foreign  operations,  virtually all of this
     income is denominated in United States dollars. The Partnership's customers
     are  international  shipping  lines that transport  goods on  international
     trade  routes.  The domicile of the lessee is not  indicative  of where the
     lessee is transporting the containers.  The Partnership's  business risk in
     its foreign operations lies with the creditworthiness of the lessees rather
     than the  geographic  location  of the  containers  or the  domicile of the
     lessees.

     No single lessee  generated  lease revenue for the years ended December 31,
     2002,  2001 and 2000  which  was 10% or more of the  total  revenue  of the
     Partnership.

     (g)  Allocation of Net Earnings (Loss) and Partnership Distributions

     In accordance with the Partnership  Agreement,  sections 3.08 through 3.12,
     net earnings or losses and distributions are generally  allocated 1% to the
     General  Partners and 99% to the Limited  Partners.  If the  allocation  of
     distributions  exceeds the allocation of net earnings  (loss) and creates a
     deficit in a General Partner's capital account,  the Partnership  Agreement
     provides  for a special  allocation  of gross income equal to the amount of
     the deficit to be made to the General Partners.

     Actual cash distributions to the Limited Partners differ from the allocated
     net earnings  (losses) as presented in these financial  statements  because
     cash  distributions  are based on cash  available  for  distribution.  Cash
     distributions  are paid to the general  and  limited  partners on a monthly
     basis in accordance with the provisions of the Partnership Agreement.  Some
     limited partners have elected to have their  distributions  paid quarterly.
     The  Partnership  has  recorded  deferred  distributions  of $83 and $81 at
     December 31, 2002 and 2001, respectively.

     (h)  Income Taxes

     The Partnership is not subject to income taxes.  Accordingly,  no provision
     for income taxes has been made.  The  Partnership  files  federal and state
     information  returns  only.  Taxable  income or loss is  reportable  by the
     individual partners.

     (i)  Acquisition Fees

     In accordance with the Partnership Agreement,  acquisition fees equal to 5%
     of  the  container  purchase  price  were  paid  to  TEM.  These  fees  are
     capitalized as part of the cost of the containers.

     (j)  Recovery Costs

     The  Partnership  accrues an  estimate  for  recovery  costs as a result of
     defaults under its leases that it expects to incur,  which are in excess of
     estimated  insurance  proceeds.  At December 31, 2002 and 2001, the amounts
     accrued were $184 and $226, respectively.

     (k)  Damage Protection Plan

     The  Partnership  offers a Damage  Protection  Plan (DPP) to lessees of its
     containers.  Under  the  terms of DPP,  the  Partnership  earns  additional
     revenues on a daily basis and, in return, has agreed to bear certain repair
     costs. It is the Partnership's  policy to recognize revenue when earned and
     provide a reserve  sufficient to cover the  estimated  future repair costs.
     DPP expenses are included in direct container expenses in the Statements of
     Operations and the related  reserve at December 31, 2002 and 2001, was $246
     and $199, respectively.

     (l)  Warranty Claims

     During 1996 and 1995, the Partnership  settled  warranty claims against two
     container  manufacturers.  The  Partnership  is amortizing  the  settlement
     amounts  over  the  remaining  estimated  useful  lives  of the  applicable
     containers  (ten years),  reducing  maintenance  and repair costs over that
     time.  At  December  31,  2002 and 2001,  the  unamortized  portion  of the
     settlement amount was $232 and $293, respectively.

     (m)  Limited   Partners'   Per   Unit   Share  of  Net  Earnings (Loss) and
          Distributions

     Limited   partners'  per  unit  share  of  both  net  earnings  (loss)  and
     distributions  were  computed  using the weighted  average  number of units
     outstanding  during the years ended December 31, 2002, 2001 and 2000, which
     were 6,633,981, 6,718,741, and 6,775,430, respectively.
<PAGE>

      (n)  Redemptions
<TABLE>
<CAPTION>

     The following  redemption  offerings were  consummated  by the  Partnership
     during the years ended December 31, 2002, 2001 and 2000:

                                                          Units                 Average
                                                         Redeemed           Redemption Price      Amount Paid
                                                         --------           ----------------      -----------
<S>                                                     <C>                    <C>                 <C>
      Total Partnership redemptions as of
        December 31, 1999.....................             52,113               $ 12.13            $   632
                                                          -------                                    -----

      Year ended:
            December 31, 2000.................             51,662               $  8.50                439
            December 31, 2001.................             28,162               $  8.31                234
            December 31, 2002.................            163,618               $  5.26                860
                                                          -------                                    -----
      Total Partnership redemptions as of
        December 31, 2002.....................            295,555               $  7.33            $ 2,165
                                                          =======                                    =====
</TABLE>

      The redemption price is fixed by formula in accordance with the
      Partnership Agreement.

Note 2.  Transactions with Affiliates

     As part of the operation of the  Partnership,  the Partnership is to pay to
     the General  Partners an acquisition  fee, an equipment  management fee, an
     incentive  management fee and an equipment  liquidation fee. These fees are
     for various  services  provided in connection with the  administration  and
     management of the  Partnership.  The Partnership  capitalized $75, $29, and
     $157 of container acquisition fees as a component of container costs during
     the  years  ended  December  31,  2002,  2001 and 2000,  respectively.  The
     Partnership  incurred  $241,  $340, and $399 of incentive  management  fees
     during each of the three  years ended  December  31,  2002,  2001 and 2000,
     respectively. There were no equipment liquidation fees were incurred during
     these periods.

     The  Partnership's  containers  are managed by TEM. In its role as manager,
     TEM has authority to acquire,  hold, manage, lease, sell and dispose of the
     containers.  TEM holds,  for the payment of direct  operating  expenses,  a
     reserve of cash that has been collected from leasing operations;  such cash
     is included in due from affiliates, net, at December 31, 2002 and 2001.

     Subject to certain reductions,  TEM receives a monthly equipment management
     fee equal to 7% of gross lease revenues  attributable  to master  operating
     leases and 2% of gross  revenues  attributable  to full  payout net leases.
     These fees totaled $822, $955 and $1,208,  respectively for the years ended
     December 31, 2002, 2001 and 2000.

     Certain  indirect  general  and  administrative  costs  such  as  salaries,
     employee   benefits,   taxes  and  insurance  are  incurred  in  performing
     administrative  services  necessary to the  operation  of the  Partnership.
     These  costs  are  incurred  and paid by TFS and  TEM.  Total  general  and
     administrative costs allocated to the Partnership were as follows:

                                              2002       2001       2000
                                              ----       ----       ----

          Salaries                           $ 409      $ 432      $ 450
          Other                                237        291        420
                                               ---        ---        ---
            Total general and
               administrative costs          $ 646      $ 723      $ 870
                                               ===        ===        ===

     TEM allocates these general and administrative  costs based on the ratio of
     the Partnership's interest in the managed containers to the total container
     fleet managed by TEM during the period.  TFS allocates these costs based on
     the ratio of the  Partnership's  containers to the total container fleet of
     all limited partnerships managed by TFS. The General Partners allocated the
     following general and administrative costs to the Partnership:

                                              2002       2001       2000
                                              ----       ----       ----

          TEM                                $ 559      $ 632      $ 758
          TFS                                   87         91        112
                                               ---        ---        ---
            Total general and
               administrative costs          $ 646      $ 723      $ 870
                                               ===        ===        ===

     The  General  Partners  may acquire  containers  in their own name and hold
     title on a temporary basis for the purpose of facilitating  the acquisition
     of such containers for the  Partnership.  The containers may then be resold
     to the  Partnership  on an  all-cash  basis at a price  equal to the actual
     cost, as defined in the Partnership Agreement. One or more General Partners
     may also arrange for the purchase of containers in its or their names,  and
     the  Partnership may then take title to the containers by paying the seller
     directly. In addition,  the General Partners are entitled to an acquisition
     fee  for  containers  acquired  by  the  Partnership  under  any  of  these
     arrangements.

      At December 31, 2002 and 2001, due from affiliates, net, is comprised of:

                                                            2002           2001
                                                            ----           ----
                   Due from affiliates:
                        Due from TEM.................      $ 174          $ 458
                                                             ---            ---

                   Due to affiliates:
                        Due to TL....................          1              1
                        Due to TCC...................         18             23
                        Due to TFS...................         71             28
                                                             ---            ---
                                                              90             52
                                                             ---            ---

                   Due from affiliates, net                $  84          $ 406
                                                             ===            ===

     These amounts  receivable  from and payable to affiliates  were incurred in
     the ordinary course of business  between the Partnership and its affiliates
     and represent timing differences in the accrual and remittance of expenses,
     fees and distributions  described above or in the accrual and remittance of
     net rental revenues and container sales proceeds from TEM.

Note 3.  Lease Rental Income (unaudited)

     Leasing income arises principally from the renting of containers to various
     international  shipping lines. Revenue is recorded when earned according to
     the terms of the container rental contracts.  These contracts are typically
     for  terms of five  years or less.  The  following  is the lease mix of the
     on-lease containers (in units) at December 31, 2002 and 2001:

                                                            2002       2001
                                                            ----       ----

             On-lease under master leases                 16,499     12,021
             On-lease under long-term leases               6,797      5,241
                                                          ------     ------

             Total on-lease containers                    23,296     17,262
                                                          ======     ======

     Under  master  lease  agreements,  the lessee is not  committed  to lease a
     minimum number of containers from the Partnership during the lease term and
     may generally  return any portion or all the containers to the  Partnership
     at any time, subject to certain restrictions in the lease agreement.  Under
     long-term  lease  agreements,   containers  are  usually  leased  from  the
     Partnership  for periods of between  three to five  years.  Such leases are
     generally cancelable with a penalty at the end of each twelve-month period.
     Under direct  finance  leases,  the  containers are usually leased from the
     Partnership  for  the  remainder  of the  container's  useful  life  with a
     purchase option at the end of the lease term.

     The remaining  containers are off-lease and are being stored primarily at a
     large  number of  storage  depots.  At  December  31,  2002 and  2001,  the
     Partnership's off-lease containers were in the following locations:

                                                     2002                 2001
                                                     ----                 ----

          Americas                                  2,633                3,296
          Europe                                    1,334                2,017
          Asia                                        651                8,647
          Others                                      110                  189
                                                    -----               ------

          Total off-lease containers                4,728               14,149
                                                    =====               ======

     At  December  31,  2002  approximately  5% of the  Partnership's  off-lease
     containers had been specifically identified as for sale.

Note 4.       Income Taxes

     At December 31, 2002,  2001 and 2000,  there were temporary  differences of
     $36,044,  $47,769,  and  $55,481,   respectively,   between  the  financial
     statement  carrying value of certain assets and liabilities and the federal
     income tax basis of such assets and liabilities.  The reconciliation of net
     income  (loss) for financial  statement  purposes to net income for federal
     income tax purposes for the years ended December 31, 2002, 2001 and 2000 is
     as follows:
<TABLE>
<CAPTION>

                                                                              2002               2001               2000
                                                                              ----               ----               ----
<S>                                                                       <C>                    <C>             <C>
      Net (loss) income per financial statements...............            $(3,839)           $(2,032)           $ 3,182

      Decrease in provision for bad debt.......................                (54)              (105)              (426)
      Depreciation for federal income tax purposes
         less than depreciation for
         financial statement  purposes.........................              6,904              5,324              3,681
      Gain on sale of fixed assets for federal income
         tax purposes in excess of gain/loss recognized
         for financial statement purposes......................              4,889              2,721              1,990
      Increase (decrease) in damage protection plan costs......                 47               (167)              (178)
      Warranty reserve income for tax purposes in excess
         of financial statement purposes.......................                (61)               (61)               (61)
                                                                            -------            -------            -------

      Net income for federal income tax purposes...............            $ 7,886            $ 5,680            $ 8,188
                                                                            =======            =======            =======
</TABLE>



<PAGE>
<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Selected Quarterly Financial Data
-------------------------------------------------------------------------------------------------------------------------

The following is a summary of selected quarterly financial data for the years ended
December 31, 2002, 2001 and 2000:

                                                                              (Amounts in thousands)
                                                                                2002 Quarters Ended
                                                          ---------------------------------------------------------------
                                                             Mar. 31            June 30         Sept. 30        Dec. 31
                                                          ---------------------------------------------------------------
<S>                                                           <C>              <C>               <C>           <C>
Rental income                                                  $ 2,642          $ 2,632          $ 3,088        $ 3,417

(Loss) income from operations                                  $(2,098)         $(1,003)         $  (990)       $   221

Net (loss) earnings                                            $(2,089)         $  (993)         $  (984)       $   227

Limited partners' share of net (loss) earnings                 $(2,107)         $(1,010)         $(1,002)       $   211

Limited partners' share of distributions                       $ 1,678          $ 1,677          $ 1,654        $ 1,639

                                                                                2001 Quarters Ended
                                                          ---------------------------------------------------------------
                                                             Mar. 31            June 30         Sept. 30        Dec. 31
                                                          ---------------------------------------------------------------

Rental income                                                  $ 3,878          $ 3,464          $ 3,362        $ 2,989

Loss from operations                                           $   (94)         $  (287)         $  (289)       $(1,454)

Net loss                                                       $   (55)         $  (262)         $  (272)       $(1,443)

Limited partners' share of net loss                            $   (80)         $  (287)         $  (292)       $(1,460)

Limited partners' share of distributions                       $ 2,355          $ 2,353          $ 1,904        $ 1,678

                                                                                2000 Quarters Ended
                                                          ---------------------------------------------------------------
                                                             Mar. 31            June 30         Sept. 30        Dec. 31
                                                          ---------------------------------------------------------------
Rental income                                                  $ 4,431          $ 4,395          $ 4,318        $ 4,381

Income from operations                                         $   704          $   886          $   643        $   728

Net earnings                                                   $   748          $   946          $   707        $   781

Limited partners' share of net earnings                        $   723          $   921          $   682        $   756

Limited partners' share of distributions                       $ 2,378          $ 2,378          $ 2,372        $ 2,364

</TABLE>


<PAGE>

ITEM 9.      CHANGES IN AND  DISAGREEMENTS  WITH ACCOUNTANTS  ON  ACCOUNTING AND
             FINANCIAL DISCLOSURE.

There have been none.
                                    PART III

ITEM 10.     DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

The Registrant has no officers or directors.

As described in the Prospectus, the Registrant's three original general partners
were TCC, TEM and Textainer Inc. (TI),  which  comprised the original  Textainer
Group.   Effective  October  1,  1993,  the  Textainer  Group  restructured  its
organization by forming a new holding company,  Textainer Group Holdings Limited
(TGH),  and the  shareholders  of the  underlying  companies  which  include the
General  Partners  accepted  shares in TGH in exchange  for their  shares in the
individual  companies.  Textainer  Financial  Services  Corporation (TFS) is the
Managing  General Partner of the Partnership  (prior to its name change on April
4, 1994, TFS was known as Textainer Capital Corporation).  TFS is a wholly-owned
subsidiary of Textainer  Capital  Corporation (TCC) (prior to its name change on
April 4, 1994, TCC was known as Textainer (Delaware) Inc.).  Textainer Equipment
Management Limited (TEM) is an Associate General Partner of the Partnership.  TI
was an Associate  General Partner of the Partnership  through September 30, 1993
when it was replaced in that capacity by Textainer Limited (TL), pursuant to the
corporate  restructuring effective October 1, 1993, which caused TFS, TEM and TL
to fall under the common ownership of TGH.  Pursuant to this  restructuring,  TI
transferred  substantially  all of its  assets  including  all of its rights and
duties as Associate  General  Partner to TL. This  transfer was  effective  from
October 1, 1993. The end result was that TFS now serves as the Managing  General
Partner and TEM and TL now serve as the Associate General Partners. The Managing
General Partner and Associate  General Partners are collectively  referred to as
the General  Partners  and are  wholly-owned  subsidiaries  of TGH.  The General
Partners also act in this capacity for other limited partnerships.

TFS,  as  the  Managing  General  Partner,   is  responsible  for  managing  the
administration  and operation of the  Registrant,  and for the  formulation  and
administration of investment policies.

TEM, an Associate  General Partner,  manages all aspects of the operation of the
Registrant's equipment.

TL, an Associate  General  Partner,  owns a fleet of container  rental equipment
which is  managed  by TEM.  TL  provides  advice  to the  Partnership  regarding
negotiations  with financial  institutions,  manufacturers and equipment owners,
and regarding the terms upon which particular items of equipment are acquired.

Section 16(a) Beneficial Ownership Reporting Compliance.
_______________________________________________________

Section 16(a) of the Securities  Exchange Act of 1934 requires the Partnership's
General Partners,  policy-making officials and persons who beneficially own more
than ten  percent  of the Units to file  reports  of  ownership  and  changes in
ownership with the Securities and Exchange  Commission.  Copies of these reports
must also be furnished to the Partnership.

Based  solely  on a  review  of  the  copies  of  such  forms  furnished  to the
Partnership  or on written  representations  that no forms were  required  to be
filed, the Partnership believes that with respect to its most recent fiscal year
ended  December 31, 2002,  all Section 16(a) filing  requirements  were complied
with. No member of management, or beneficial owner owned more than 10 percent of
any  interest in the  Partnership.  None of the  individuals  subject to Section
16(a) failed to file or filed late any reports of transactions in the Units.
<PAGE>
<TABLE>
<CAPTION>

The directors and executive officers of the General Partners are as follows:

Name                             Age     Position
----                             ---     --------
<S>                             <C>     <C>
Neil I. Jowell                   69      Director and Chairman of TGH, TEM, TL, TCC and TFS
John A. Maccarone                58      President, CEO and Director of TGH, TEM, TL, TCC and TFS
James E. Hoelter                 63      Director of TGH, TCC and TFS
Philip K. Brewer                 46      Senior Vice President - Asset Management Group and Director of TL
Robert D. Pedersen               43      Senior Vice President - Leasing Group, Director of TEM
Ernest J. Furtado                47      Senior Vice  President,  CFO and  Secretary  of TGH,  TEM,  TL, TCC and TFS,
                                         Director of TL, TCC and TFS
Gregory W. Coan                  39      Vice President and Chief Information Officer of TEM
Wolfgang Geyer                   49      Regional Vice President - Europe
Mak Wing Sing                    45      Regional Vice President - South Asia
Masanori Sagara                  47      Regional Vice President - North Asia
Stefan Mackula                   50      Vice President -  Equipment Resale
Anthony C. Sowry                 50      Vice President - Corporate Operations and Acquisitions
Richard G. Murphy                50      Vice President - Risk Management
Janet S. Ruggero                 54      Vice President - Administration and Marketing Services
Jens W. Palludan                 52      Regional Vice President - Americas and Logistics
Isam K. Kabbani                  68      Director of TGH
James A. C. Owens                63      Director of TGH, TEM and TL
S. Arthur Morris                 69      Director of TGH, TEM and TL
Dudley R. Cottingham             51      Assistant Secretary, Vice President and Director of TGH, TEM and TL
Cecil Jowell                     67      Director of TGH, TEM and TL
Henrick van der Merwe            55      Director of TGH, TEM and TL
James E.  McQueen                58      Director of TGH, TEM and TL
Harold J. Samson                 81      Director of TCC and TFS
Nadine Forsman                   35      Controller of TCC and TFS
</TABLE>

Unless  otherwise  noted,  all directors have served as directors of the General
Partners as detailed  above at least since 1993 when the  reorganization  of the
General Partners occurred, as described on the previous page.


     Neil I. Jowell is Director and Chairman of TGH,  TEM, TL, TCC and TFS and a
member  of  the  Investment   Advisory   Committee  and  Audit   Committee  (see
"Committees"  below). Mr. Jowell became Director and Chairman of TEM in 1994. He
has served on the Board of Trencor  Ltd.  (Trencor)  since 1966 and as  Chairman
since 1973. He is also a Director of Mobile  Industries  Ltd.  (Mobile) (1969 to
present),  which is the major shareholder in Trencor,  a publicly traded company
listed on the JSE Securities  Exchange South Africa.  Trencor's core business is
the owning,  financing,  leasing and  managing of marine  cargo  containers  and
returnable  packaging units  worldwide,  finance  related  activities and supply
chain  management  services.  Other  interests are the manufacture and export of
tank containers for international markets and road trailer manufacturing.  He is
also a Director of a number of Mobile and  Trencor's  subsidiaries.  Mr.  Jowell
became  affiliated  with the General  Partners and its  affiliates  when Trencor
became,  through its beneficial ownership in two controlled  companies,  a major
shareholder  of TGH in 1992.  Mr.  Jowell has over 40 years'  experience  in the
transportation  industry. He holds an M.B.A. degree from Columbia University and
Bachelor of Commerce and Ll.B.  degrees from the  University  of Cape Town.  Mr.
Neil I. Jowell and Mr. Cecil Jowell are brothers.

     John A.  Maccarone is President,  CEO and Director of TGH, TEM, TL, TCC and
TFS. Mr. Maccarone became  President,  CEO of TGH, TL, TCC and TFS in 1998 and a
director of TEM in 1994. In this capacity,  he is responsible for overseeing the
management of and coordinating the activities of Textainer's  worldwide fleet of
marine  cargo   containers   and  the  activities  of  TGH,  TL,  TCC  and  TFS.
Additionally,  he is Chairman of the Equipment Investment Committee,  the Credit
Committee and the Investment  Advisory Committee (see "Committees",  below). Mr.
Maccarone was instrumental in co-founding Intermodal Equipment Associates (IEA),
a marine container leasing company based in San Francisco, and held a variety of
executive  positions with IEA from 1979 until 1987, when he joined the Textainer
Group.  Mr.  Maccarone  was  previously a Director of Marketing  for Trans Ocean
Leasing  Corporation in Hong Kong with responsibility for all leasing activities
in  Southeast  Asia.   From  1969  to  1977,  Mr.   Maccarone  was  a  marketing
representative  for IBM  Corporation.  He holds a Bachelor of Science  degree in
Engineering  Management  from  Boston  University  and  an  M.B.A.  from  Loyola
University of Chicago.

     James E. Hoelter is a director of TGH, TCC and TFS.  Mr.  Hoelter  became a
director of TEM in 1994. In addition,  Mr.  Hoelter is a member of the Equipment
Investment Committee,  the Investment Advisory Committee and the Audit Committee
(see  "Committees",  below).  Mr. Hoelter was the President and Chief  Executive
Officer of TGH and TL from 1993 to 1998 and was a  director  of TEM and TL until
March 2003. Mr. Hoelter serves as a consultant to Trencor (1999 to present). Mr.
Hoelter  became a  director  of  Trencor  in  December  2002 and he  serves as a
director of Trenstar Ltd., a Trencor  affiliate.  Prior to joining the Textainer
Group in 1987, Mr.  Hoelter was president of IEA. Mr. Hoelter  co-founded IEA in
1978 with Mr.  Maccarone and was president from inception  until 1987. From 1976
to 1978, Mr.  Hoelter was vice president for Trans Ocean Ltd., San Francisco,  a
marine container  leasing  company,  where he was responsible for North America.
From 1971 to 1976, he worked for Itel Corporation,  San Francisco,  where he was
director of financial leasing for the container  division.  Mr. Hoelter received
his B.B.A. in finance from the University of Wisconsin,  where he is an emeritus
member of its Business  School's Dean's Advisory Board, and his M.B.A.  from the
Harvard Graduate School of Business Administration.

     Philip K. Brewer is Senior Vice President - Asset  Management Group and has
been such since 1999.  Mr. Brewer has been a director of TL since 2000 and was a
director of TEM from August 2002 through March 2003. He was President of TCC and
TFS from  January 1, 1998 to December 31, 1998 until his  appointment  as Senior
Vice  President - Asset  Management  Group.  As President of TCC, Mr. Brewer was
responsible for overseeing the management of, and coordinating the activities of
TCC and TFS. As Senior Vice  President,  he is  responsible  for  optimizing the
capital  structure of and identifying  new sources of finance for Textainer,  as
well  as  overseeing  the  management  of and  coordinating  the  activities  of
Textainer's risk management, logistics and the resale divisions. Mr. Brewer is a
member of the Equipment  Investment  Committee,  the Credit  Committee and was a
member of the  Investment  Advisory  Committee  through  December  31, 1998 (see
"Committees"  below).  Prior to  joining  Textainer  in  1996,  as  Senior  Vice
President - Capital  Markets for TGH and TL, Mr.  Brewer worked at Bankers Trust
from 1990 to 1996,  starting as a Vice President in Corporate Finance and ending
as Managing  Director and Country  Manager for Indonesia;  from 1989 to 1990, he
was Vice President in Corporate  Finance at Jarding Fleming;  from 1987 to 1989,
he was Capital  Markets  Advisor to the United States  Agency for  International
Development;  and from  1984 to 1987 he was an  Associate  with  Drexel  Burnham
Lambert in New York.  Mr.  Brewer  holds an M.B.A.  in Finance from the Graduate
School of Business at Columbia University, and a B.A. in Economics and Political
Science from Colgate University.

     Robert D. Pedersen is Senior Vice-President - Leasing Group responsible for
worldwide sales and marketing related  activities and operations since 1999. Mr.
Pederson  has also served as a Director of TEM,  since 1997.  Mr.  Pedersen is a
member of the  Equipment  Investment  Committee  and the Credit  Committee  (see
"Committees"  below). He joined Textainer in 1991 as Regional Vice President for
the Americas  Region.  Mr.  Pedersen has  extensive  experience  in the industry
having  held a  variety  of  positions  with  Klinge  Cool,  a  manufacturer  of
refrigerated container cooling units (from 1989 to 1991), where he was worldwide
sales and marketing  director,  XTRA, a container lessor (from 1985 to 1988) and
Maersk Line, a container  shipping line (from 1978 to 1984).  Mr.  Pedersen is a
graduate of the A.P. Moller shipping and transportation program and the Merkonom
Business School in Copenhagen, majoring in Company Organization.

     Ernest J. Furtado is Senior Vice President,  CFO and Secretary of TGH, TEM,
TL, TCC and TFS and has been such since 1999.  Mr.  Furtado is a Director of TCC
and TFS,  and has served as such since 1997.  He was a director of TEM from 2002
through  March 2003 and became a director  of TL in March  2003.  As Senior Vice
President,  CFO and Secretary,  he is responsible for all accounting,  financial
management, and reporting functions for TGH, TEM, TL, TCC and TFS. Additionally,
he is a member  of the  Investment  Advisory  Committee  for  which he serves as
Secretary,  the Equipment  Investment  Committee and the Credit  Committee  (see
"Committees",  below). Prior to these positions,  he held a number of accounting
and financial management positions at Textainer,  of increasing  responsibility.
Prior to joining  Textainer in May 1991,  Mr.  Furtado was  Controller  for Itel
Instant  Space and  manager  of  accounting  for Itel  Containers  International
Corporation,  both in San Francisco,  from 1984 to 1991. Mr.  Furtado's  earlier
business  affiliations include serving as audit manager for Wells Fargo Bank and
as senior  accountant with John F. Forbes & Co., both in San Francisco.  He is a
Certified Public Accountant and holds a B.S. in business administration from the
University of California at Berkeley and an M.B.A.  in information  systems from
Golden Gate University.

     Gregory W. Coan is Vice President and Chief Information  Officer of TEM and
has served as such since 2001. In this capacity, Mr. Coan is responsible for the
worldwide  information  systems  of  Textainer.  He also  serves  on the  Credit
Committee (see "Committees",  below). Prior to these positions, Mr. Coan was the
Director of Communications  and Network Services from 1995 to 1999, where he was
responsible for Textainer's network and hardware infrastructure.  Mr. Coan holds
a Bachelor of Arts degree in political science from the University of California
at Berkeley  and an M.B.A.  with an emphasis in  telecommunications  from Golden
Gate University.

     Wolfgang Geyer is based in Hamburg,  Germany and is Regional Vice President
- Europe,  responsible for coordinating all leasing activities in Europe, Africa
and the Middle  East/Persian  Gulf and has served as such since 1997.  Mr. Geyer
joined Textainer in 1993 and was the Marketing  Director in Hamburg through July
1997.  From 1991 to 1993,  Mr. Geyer most recently was the Senior Vice President
for Clou Container  Leasing,  responsible for its worldwide leasing  activities.
Mr. Geyer spent the remainder of his leasing  career,  1975 through  1991,  with
Itel Container,  during which time he held numerous positions in both operations
and marketing within the company.

     Mak Wing Sing is based in Singapore  and is the Regional  Vice  President -
South Asia,  responsible  for  container  leasing  activities  in  North/Central
People's  Republic of China,  Hong Kong,  South China (PRC),  Southeast Asia and
Australia/New  Zealand and has served as such since 1996.  Mr. Mak most recently
was the Regional Manager,  Southeast Asia, for Trans Ocean Leasing, from 1994 to
1996.  From 1987 to 1994, Mr. Mak worked with Tiphook as their Regional  General
Manager,  and with  OOCL  from  1976 to 1987 in a  variety  of  positions,  most
recently as their Logistics Operations Manager.

     Masanori  Sagara  is based in  Yokohama,  Japan  and is the  Regional  Vice
President - North Asia,  responsible for container leasing  activities in Japan,
Korea, and Taiwan and has served as such since 1996. Mr. Sagara joined Textainer
in 1990 and was the company's  Marketing  Director in Japan  through 1996.  From
1987 to 1990, he was the Marketing Manager at IEA. Mr. Sagara's other experience
in the container leasing business includes marketing  management at Genstar from
1984 to 1987 and various container  operations positions with Thoresen & Company
from 1979 to 1984.  Mr.  Sagara holds a Bachelor of Science  degree in Economics
from Aoyama Bakuin University.

     Stefan  Mackula is Vice  President  -  Equipment  Resale,  responsible  for
coordinating  the worldwide  sale of equipment  into  secondary  markets and has
served as such since 1993. Mr. Mackula also served as Vice President - Marketing
from  1989 to  1991  where  he was  responsible  for  coordinating  all  leasing
activities in Europe,  Africa, and the Middle East. Mr. Mackula joined Textainer
in 1983 as Leasing Manager for the United Kingdom.  Prior to joining  Textainer,
Mr. Mackula held, beginning in 1972, a variety of positions in the international
container shipping industry.

     Anthony C. Sowry is Vice President - Corporate  Operations and Acquisitions
and has  served  as  such  since  1996.  He is also a  member  of the  Equipment
Investment  Committee and the Credit Committee (see  "Committees",  below).  Mr.
Sowry  supervises  all  international  container  operations,   maintenance  and
technical functions for the fleets under Textainer's management. In addition, he
is  responsible  for the  acquisition  of all new and  used  containers  for the
Textainer Group. He began his affiliation with Textainer in 1982, when he served
as Fleet Quality  Control  Manager for Textainer Inc.  until 1988.  From 1980 to
1982, he was operations manager for Trans Container Services in London; and from
1978 to 1982, he was a technical representative for Trans Ocean Leasing, also in
London.  He  received  his B.A.  degree in business  management  from the London
School of  Business.  Mr.  Sowry is a member of the  Technical  Committee of the
International   Institute  of  Container  Lessors  and  a  certified   container
inspector.

     Richard G. Murphy is Vice President - Risk Management,  responsible for all
credit and risk management  functions and has served as such since 1996. He also
supervises the administrative aspects of equipment acquisitions.  He is a member
of and acts as secretary to the Equipment  Investment and Credit Committees (see
"Committees",  below). He has held a number of positions at Textainer, including
Director of Credit and Risk  Management from 1989 to 1991 and as Controller from
1988 to 1989. Prior to the takeover of the management of the Interocean  Leasing
Ltd. fleet by TEM in 1988,  Mr. Murphy held various  positions in the accounting
and  financial  areas with that  company  from 1980,  acting as Chief  Financial
Officer from 1984 to 1988.  Prior to 1980, he held various  positions with firms
of public accountants in the U.K. Mr. Murphy is an Associate of the Institute of
Chartered  Accountants  in England  and Wales and holds a Bachelor  of  Commerce
degree from the National University of Ireland.

     Janet S. Ruggero is Vice President - Administration  and Marketing Services
and has served as such since 1993. Ms.  Ruggero is responsible  for the tracking
and billing of fleets under TEM management,  including direct responsibility for
ensuring that all data is input in an accurate and timely  fashion.  She assists
the marketing and operations  departments by providing  statistical  reports and
analyses and serves on the Credit Committee (see "Committees",  below). Prior to
joining  Textainer in 1986,  Ms.  Ruggero held various  positions with Gelco CTI
over the  course  of 15  years,  the  last  one as  Director  of  Marketing  and
Administration  for the North American Regional office in New York City. She has
a B.A. in education from Cumberland College.

     Jens W.  Palludan is based in  Hackensack,  New Jersey and is the  Regional
Vice  President - Americas and  Logistics,  responsible  for  container  leasing
activities in North/South  America and for coordinating  container logistics and
has served as such since 2001.  He joined  Textainer  in 1993 as  Regional  Vice
President - Americas/Africa/Australia,  responsible for coordinating all leasing
activities in North and South America,  Africa and  Australia/New  Zealand.  Mr.
Palludan spent his career from 1969 through 1992 with Maersk Line of Copenhagen,
Denmark in a variety of key  management  positions in both Denmark and overseas.
Mr.  Palludan's  most  recent  position  at Maersk was that of General  Manager,
Equipment and Terminals,  where he was responsible for the entire managed fleet.
Mr. Palludan holds an M.B.A.  from the Centre European  D'Education  Permanente,
Fontainebleau, France.

     Sheikh  Isam K.  Kabbani  is a  director  of TGH and was a  director  of TL
through March 2003. He is Chairman and principal  stockholder  of the IKK Group,
Jeddah,  Saudi Arabia, a manufacturing and trading group which is active both in
Saudi Arabia and  internationally.  In 1959 Sheikh Isam Kabbani joined the Saudi
Arabian  Ministry  of  Foreign  Affairs,  and in 1960 moved to the  Ministry  of
Petroleum  for a period of ten years.  During  this time he was  seconded to the
Organization of Petroleum  Exporting  Countries (OPEC).  After a period as Chief
Economist of OPEC, in 1967 he became the Saudi Arabian member of OPEC's Board of
Governors.  In 1970 he left the  Ministry  of  Petroleum  to  establish  his own
business,  the  National  Marketing  Group,  which has since been his  principal
business activity.  Sheikh Kabbani holds a B.A. degree from Swarthmore  College,
Pennsylvania,  and an M.A. degree in Economics and International  Relations from
Columbia University.

     James A. C. Owens is a director of TGH and TL, and beginning in March 2003,
a director of TEM. Mr. Owens has been  associated with the Textainer Group since
1980.  In 1983 he was  appointed to the Board of Textainer  Inc.,  and served as
President  of Textainer  Inc.  from 1984 to 1987.  From 1987 to 1998,  Mr. Owens
served as an  alternate  director on the Boards of TI, TGH and TL and has served
as  director  of TGH and TL since  1998.  Apart  from his  association  with the
Textainer  Group,  Mr.  Owens  has been  involved  in  insurance  and  financial
brokerage companies and captive insurance companies.  He is a member of a number
of Boards of Directors.  Mr. Owens holds a Bachelor of Commerce  degree from the
University of South Africa.
<PAGE>

     S. Arthur  Morris is a director  of TGH,  TEM and TL. Mr.  Morris  became a
director  of TEM in 1994.  He is a  founding  partner  in the firm of Morris and
Kempe,   Chartered   Accountants   (1962-1977)  and  currently  functions  as  a
correspondent  member of a number of international  accounting firms through his
firm Arthur Morris and Company (1977 to date). He is also President and director
of  Continental   Management  Limited  (1977  to  date)  and  Continental  Trust
Corporation Limited (1994 to date).  Continental Management Limited is a Bermuda
corporation  that  provides   corporate   representation,   administration   and
management  services  and  Continental  Trust  Corporation  Limited is a Bermuda
Corporation  that  provides   corporate  and  individual  trust   administration
services.  He has also  served as a director of Turks & Caicos  First  Insurance
Company  Limited since 1993.  Mr. Morris has over 30 years  experience in public
accounting and serves on numerous  business and charitable  organizations in the
Cayman Islands and Turks and Caicos Islands.

     Dudley R. Cottingham is Assistant Secretary,  Vice President and a director
of TGH,  TEM and TL. Mr.  Cottingham  became a director of TEM in 1994.  He is a
partner with Arthur Morris and Company  (1977 to date) and a Vice  President and
director of Continental  Management Limited (1978 to date) and Continental Trust
Corporation  Limited,  which are all in the Cayman  Islands and Turks and Caicos
Islands.  Continental  Management Limited is a Bermuda corporation that provides
corporate representation, administration and management services and Continental
Trust Corporation  Limited is a Bermuda  corporation that provides corporate and
individual trust  administration  services.  He has also served as a director of
Turks & Caicos First Insurance  Company  Limited since 1993. Mr.  Cottingham has
over 20 years experience in public accounting with  responsibility for a variety
of international and local clients.

     Cecil Jowell is a director of TGH, TEM and TL and has been such since March
2003.  Mr.  Jowell is also a Director  and  Chairman of Mobile  Industries  Ltd.
(Mobile), which is a public company, quoted on the JSE Securities Exchange South
Africa.  Mr.  Jowell has been a Director of Mobile since 1969 and was  appointed
Chairman in 1973.  It is the major  shareholder  in Trencor  Ltd.  (Trencor),  a
publicly  traded  company  listed on the JSE  Securities  Exchange South Africa.
Trencor's core business is the owning, financing, leasing and managing of marine
cargo  containers and returnable  packaging  units  worldwide,  finance  related
activities  and  supply  chain  management  services.  Other  interests  are the
manufacture  and export of tank  containers for  international  markets and road
trailer  manufacturing.  He is an Executive  Director of Trencor and has been an
executive  in that group for over 40 years.  Mr.  Jowell is also a Director of a
number of Mobile and Trencor's  subsidiaries as well as a Director of Scientific
Development and Integration (Pty) Ltd, a scientific research company. Mr. Jowell
was a  Director  and  Chairman  of WACO  International  Ltd.,  an  international
industrial  group listed on the JSE Securities  Exchange South Africa,  and with
subsidiaries  listed on the Sydney and London Stock  Exchanges from 1997 through
2000.  Mr.  Jowell  holds a Bachelor  of  Commerce  and Ll.B.  degrees  from the
University  of Cape Town and is a graduate of the  Institute of  Transport.  Mr.
Cecil Jowell and Mr. Neil I. Jowell are brothers.

     Hendrik R. van der Merwe is a Director of TGH, TEM and TL and has served as
such since  March  2003.  Mr.  van der Merwe is also an  Executive  Director  of
Trencor Ltd.  (Trencor) and has served as such since 1998. In this capacity,  he
is  responsible  for certain  operating  entities and  strategic  and  corporate
functions  within the Trencor group of companies.  Trencor is a publicly  traded
company listed on the JSE Securities Exchange South Africa. Its core business is
the owning,  financing,  leasing and  managing of marine  cargo  containers  and
returnable  packaging units  worldwide,  finance  related  activities and supply
chain  management  services.  Other  interests are the manufacture and export of
tank containers for international  markets and road trailer  manufacturing.  Mr.
van der Merwe is currently  also  Chairman of TrenStar,  Inc.,  based in Denver,
Colorado and a Director of various  companies  in the  TrenStar  group and other
companies in the wider Trencor  group and has been such since 2000.  Mr. van der
Merwe served as Deputy Chairman for Waco  International  Ltd., an  international
industrial  group listed on the JSE  Securities  Exchange  South Africa and with
subsidiaries  listed on the Sydney and London Stock Exchanges from 1991 to 1998,
where he served on the  Boards of those  companies.  From 1990 to 1991,  he held
various senior executive positions in the banking sector in South Africa, lastly
as Chief Executive Officer of Sendbank,  the  corporate/merchant  banking arm of
Bankorp  Group Ltd.  Prior to entering  the  business  world,  Mr. van der Merwe
practiced as an attorney at law in Johannesburg, South Africa. Mr. van der Merwe
holds a Bachelor of Arts and Ll.B.  degrees from the University of  Stellenbosch
and an Ll.M (Taxation) degree from the University of the Witwatersrand.

     James E. McQueen  is a Director  of TGH,  TEM and TL and has served as such
since March 2003. Mr. McQueen joined Trencor Ltd. (Trencor) in June 1976 and has
served on the Board of the  company as  Financial  Director  (CFO)  since  1996.
Trencor is a publicly traded company listed on the JSE Securities Exchange South
Africa.  Its core  business is the owning,  financing,  leasing and  managing of
marine cargo  containers  and  returnable  packaging  units  worldwide,  finance
related activities and supply chain management services. Other interests are the
manufacture  and export of road tank  containers for  international  markets and
trailer  manufacturing.  Mr. McQueen is also a Director of a number of Trencor's
subsidiaries.  Prior to joining Trencor, Mr. McQueen was an accountant in public
practice.  He holds a Bachelor of Commerce  degree from the  University  of Cape
Town and is a Chartered Accountant (South Africa).

     Harold J. Samson is a director of TCC and TFS since 2003 and is a member of
the Investment  Advisory  Committee and the Audit  Committee  (see  Committees",
below).  Through  December 31, 2002, he was a director of TGH and TL. Mr. Samson
served as a consultant to various  securities firms from 1981 to 1989. From 1974
to 1981 he was Executive Vice  President of Foster & Marshall,  Inc., a New York
Stock  Exchange  member firm based in Seattle.  Mr. Samson was a director of IEA
from 1979 to 1981.  From 1957 to 1984 he served as Chief  Financial  Officer  in
several  New York Stock  Exchange  member  firms.  Mr.  Samson  holds a B.S.  in
Business  Administration  from the University of  California,  Berkeley and is a
California Certified Public Accountant.

     Nadine  Forsman  is the  Controller  of TCC and TFS and has  served as such
since 1996.  Additionally,  she is a member of the Investment Advisory Committee
and Equipment  Investment  Committee (See "Committees"  below). As controller of
TCC and  TFS,  she is  responsible  for  accounting,  financial  management  and
reporting  functions  for TCC and TFS as well as overseeing  all  communications
with the Limited Partners and as such,  supervises personnel in performing these
functions.  Prior to joining  Textainer in August 1996, Ms. Forsman was employed
by KPMG LLP,  holding various  positions,  the most recent of which was manager,
from 1990 to 1996. Ms. Forsman is a Certified Public Accountant and holds a B.S.
in Accounting and Finance from San Francisco State University.

Committees

     The Managing General Partner has established the following three committees
to  facilitate   decisions   involving   credit  and   organizational   matters,
negotiations,  documentation,  management and final disposition of equipment for
the Partnership and for other programs organized by the Textainer Group:

     Equipment Investment Committee.  The Equipment Investment Committee reviews
the  equipment  leasing  operations of the  Partnership  on a regular basis with
emphasis on matters involving equipment purchases, equipment remarketing issues,
and decisions  regarding ultimate  disposition of equipment.  The members of the
committee are John A. Maccarone (Chairman),  James E. Hoelter, Anthony C. Sowry,
Richard G. Murphy (Secretary),  Philip K. Brewer, Robert D. Pedersen,  Ernest J.
Furtado and Nadine Forsman.

     Credit Committee.  The Credit Committee establishes credit limits for every
lessee and potential lessee of equipment and periodically  reviews these limits.
In setting such limits, the Credit Committee  considers such factors as customer
trade routes,  country,  political risk, operational history, credit references,
credit agency analyses, financial statements, and other information. The members
of the Credit  Committee  are John A.  Maccarone  (Chairman),  Richard G. Murphy
(Secretary),  Janet S. Ruggero,  Anthony C. Sowry,  Philip K. Brewer,  Ernest J.
Furtado, Robert D. Pedersen, and Gregory W. Coan.

     Investment  Advisory  Committee.  The Investment Advisory Committee reviews
investor program operations on at least a quarterly basis,  emphasizing  matters
related to cash  distributions  to investors,  cash flow  management,  portfolio
management, and liquidation. The Investment Advisory Committee is organized with
a  view  to  applying  an  interdisciplinary  approach,   involving  management,
financial,  legal and marketing  expertise,  to the analysis of investor program
operations.  The  members  of the  Investment  Advisory  Committee  are  John A.
Maccarone (Chairman),  James E. Hoelter,  Ernest J. Furtado (Secretary),  Nadine
Forsman, Harold J. Samson and Neil I. Jowell.

     Additionally,  the  Managing  General  Partner  has  established  an  audit
committee to oversee the accounting and financial reporting processes and audits
of the financial  statements of the  Partnership  as well as other  partnerships
managed by the General Partner.  The members of the audit committee are James E.
Hoelter, Neil I. Jowell and Harold J. Samson.

ITEM 11.     EXECUTIVE COMPENSATION

The Registrant  has no executive  officers and does not reimburse TFS, TEM or TL
for the  remuneration  payable  to their  executive  officers.  For  information
regarding  reimbursements  made by the Registrant to the General  Partners,  see
note 2 of the Financial Statements in Item 8. See also Item 13(a) below.

ITEM 12.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

(a)      Security Ownership of Certain Beneficial Owners

         There is no person  or "Group" who is known to the Registrant to be the
         beneficial owner of more than five percent  of the outstanding units of
         limited partnership interest in the Registrant.

(b)      Security Ownership of Management

         As of January 1, 2003:

                                                         Number
               Name of Beneficial Owner                 Of Units    % All Units
               ------------------------                 --------    -----------
               James E. Hoelter..................         10,995        0.1679%
               John A. Maccarone.................          5,500        0.0840%
                                                          ------        -------

               Directors, Officers and Management
                 as a Group......................         16,495        0.2519%
                                                          ======        =======

(c)      Changes in control.

         Inapplicable.

PART 201 (d) Securities under Equity Compensation Plans.

         Inapplicable.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

                             (Amounts in thousands)

(a)      Transactions with Management and Others.

         At December  31, 2002 and 2001, due  from affiliates, net, is comprised
         of:

                                                          2002             2001
                                                          ----             ----
                Due from affiliates:
                   Due from TEM..................         $174             $458
                                                           ---              ---

                Due to affiliates:
                   Due to TL.....................            1                1
                   Due to TCC....................           18               23
                   Due to TFS....................           71               28
                                                           ---              ---
                                                            90               52
                                                           ---              ---

                Due from affiliates, net                  $ 84             $406
                                                           ===              ===


         These amounts  receivable  from and payable to affiliates were incurred
         in  the ordinary  course of business  between the  Partnership  and its
         affiliates   and  represent  timing  differences  in  the  accrual  and
         remittance of expenses,  fees and  distributions  or in the accrual and
         remittance of net rental  revenues and  container  sales  proceeds from
         TEM.

         In addition, the Registrant paid or  will pay the following  amounts to
         the General Partners:

         Acquisition fees  in  connection  with  the  purchase  of containers on
         behalf of the Registrant:

                                                   2002        2001      2000
                                                   ----        ----      ----

                  TEM....................           $75         $29      $157
                                                     --          --       ---

         Management fees in connection with the operations of the Registrant:

                                                   2002        2001      2000
                                                   ----        ----      ----

                  TEM....................        $  875      $1,030    $1,295
                  TFS....................           188         265       312
                                                  -----       -----     -----

                  Total..................        $1,063      $1,295    $1,607
                                                  =====       =====     =====

         Reimbursement   for   administrative   costs in  connection   with  the
         operations of the Registrant:

                                                   2002        2001      2000
                                                   ----        ----      ----

                  TEM....................          $559        $632      $758
                  TFS....................            87          91       112
                                                    ---         ---       ---

                  Total..................          $646        $723      $870
                                                    ===         ===       ===

         The General Partners may acquire containers  in their own name and hold
         title  on a  temporary  basis  for  the  purpose  of  facilitating  the
         acquisition of such containers for  the Partnership. The containers may
         then be  resold to the   Partnership  on an  all-cash  basis at a price
         equal to the actual cost, as defined in the Partnership  Agreement. One
         or  more  General  Partners  may  also  arrange  for  the  purchase  of
         containers in its or their  names,  and the  Partnership  may then take
         title to the  containers by paying  the seller  directly.  In addition,
         the General Partners are entitled  to an acquisition fee for containers
         acquired by the Partnership under any of these arrangements.

(b)      Certain Business Relationships.

         Inapplicable.

(c)      Indebtedness of Management

         Inapplicable.

(d)      Transactions with Promoters

         Inapplicable.

See the  "Management"  and  "Compensation  of General  Partners and  Affiliates"
sections of the Registrant's Prospectus,  as supplemented,  and the Notes to the
Financial Statements in Item 8.



ITEM 14.     CONTROLS AND PROCEDURES

Based on an evaluation of the Partnership's  disclosure  controls and procedures
(as defined in Rules 13a-14 and 15d-14 of the  Securities  Exchange Act of 1934)
conducted  within  ninety days of the filing date of this  report,  the managing
general partner's  principal  executive officer and principal  financial officer
have found those  controls and  procedures to be  effective.  There have been no
significant  changes in the Partnership's  internal controls or in other factors
that could  significantly  affect these controls subsequent to the date of their
evaluation   including  any  corrective   actions  with  regard  to  significant
deficiencies and material weaknesses.

                                     PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

(a)      1.       Audited  financial  statements of  the Registrant for the year
                  ended  December 31,  2002  are  contained  in  Item  8 of this
                  Report.

         2.       Financial Statement Schedules.

                  (i)  Independent Auditors' Report on Supplementary Schedule.

                  (ii) Schedule II - Valuation and Qualifying Accounts.

         3.       Exhibits

                  Exhibits 99.1  and 99.2  Certifications  pursuant to 18 U.S.C.
                  Section  1350, as  adopted, and regarding Section  906  of the
                  Sarbanes-Oxley Act of 2002.

                  Exhibits Incorporated by reference

                  (i)  The Registrant's Prospectus as contained in Pre-Effective
                       Amendment   No. 2   to   the   Registrant's  Registration
                       Statement  (No. 33-44687),  as  filed with the Commission
                       April 10,  1992,  as   supplemented   by   Post-Effective
                       Amendment No. 3 filed with the Commission under Section 8
                       (c) of the Securities Act of 1933 on May 25, 1993, and as
                       supplemented by Supplement No. 8 as filed  under Rule 424
                       (b) of the Securities Act of 1933 on March 1, 1994.

                  (ii) The Registrant's  limited  partnership agreement, Exhibit
                       A to the Prospectus.

(b)      During the year ended 2002, no  reports on Form 8-K have  been filed by
         the Registrant.

<PAGE>



             Independent Auditors' Report on Supplementary Schedule
             ------------------------------------------------------


The Partners
Textainer Equipment Income Fund IV, L.P.:

Under the date of February  14,  2003,  we  reported  on the  balance  sheets of
Textainer  Equipment  Income Fund IV, L.P. (the  Partnership) as of December 31,
2002 and 2001, and the related  statements of operations,  partners' capital and
cash flows for each of the years in the  three-year  period  ended  December 31,
2002,  which are included in the 2002 annual  report on Form 10-K. In connection
with our audit of the aforementioned  financial statements,  we also audited the
related  financial  statement  schedule  as  listed in Item 15.  This  financial
statement  schedule is the responsibility of the Partnership's  management.  Our
responsibility  is to express an opinion on this  financial  statement  schedule
based on our audits.

In our  opinion,  such  schedule,  when  considered  in  relation  to the  basic
financial  statements  taken  as a  whole,  presents  fairly,  in  all  material
respects, the information set forth therein.



                                  /s/ KPMG LLP



San Francisco, California
February 14, 2003


<PAGE>
<TABLE>
<CAPTION>

TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
(a California Limited Partnership)

Schedule II - Valuation and Qualifying Accounts

(Amounts in thousands)
--------------------------------------------------------------------------------------------------------------------

                                                                Charged                                      Balance
                                              Balance at        to Costs       Charged                        at End
                                              Beginning           and          to Other                         Of
                                              of Period         Expenses       Accounts      Deduction        Period
                                              ----------         --------       --------      ---------      --------
<S>                                           <C>               <C>            <C>         <C>               <C>
For the year ended December 31, 2002:

Allowance for
  doubtful accounts                                $218            $  20         $    -          $ (74)         $164
                                                    ---              ---          -----            ---           ---

Accrued recovery costs                             $226            $ 116         $    -          $(158)         $184
                                                    ---              ---          -----            ---           ---

Accrued damage protection
  plan costs                                       $199            $ 251         $    -          $(204)         $246
                                                    ---              ---          -----            ---           ---

For the year ended December 31, 2001:

Allowance for
  doubtful accounts                                $323            $ (25)        $    -          $ (80)         $218
                                                    ---              ---          -----            ---           ---

Accrued recovery costs                             $219            $ 115         $    -          $(108)         $226
                                                    ---              ---          -----            ---           ---

Accrued damage protection
  plan costs                                       $366            $ 385         $    -          $(552)         $199
                                                    ---              ---          -----            ---           ---

For the year ended December 31, 2000:

Allowance for
  doubtful accounts                                $749            $(120)        $    -          $(306)         $323
                                                    ---              ---          -----            ---           ---

Accrued recovery costs                             $186            $ 140         $    -          $(107)         $219
                                                    ---              ---          -----            ---           ---

Accrued damage protection
  plan costs                                       $544            $ 385         $    -          $(563)         $366
                                                    ---              ---          -----            ---           ---
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                   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.


                    TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
                        A California Limited Partnership

                    By Textainer Financial Services Corporation
                    The Managing General Partner

                    By
                      __________________________________
                      Ernest J. Furtado
                      Chief Financial Officer

Date:  March 26, 2003

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of Textainer  Financial
Services  Corporation,  the Managing  General Partner of the Registrant,  in the
capacities and on the dates indicated:

Signature                                             Title                                     Date
<S>                                                  <C>                                       <C>



________________________________________              Chief Financial Officer, Senior           March 26, 2003
Ernest J. Furtado                                     Vice President, Secretary and
                                                      Director (Chief Financial and
                                                      Principal Accounting Officer)




_________________________________________             President and Director                    March 26, 2003
John A. Maccarone



_________________________________________             Chairman of the Board and Director        March 26, 2003
Neil I. Jowell

</TABLE>


<PAGE>
<TABLE>
<CAPTION>



                                   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.

                    TEXTAINER EQUIPMENT INCOME FUND IV, L.P.
                    A California Limited Partnership


                    By Textainer Financial Services Corporation
                    The Managing General Partner

                    By /s/Ernest J. Furtado
                       __________________________________________
                       Ernest J. Furtado
                       Chief Financial Officer

Date:  March 26, 2003


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of Textainer  Financial
Services  Corporation,  the Managing  General Partner of the Registrant,  in the
capacities and on the dates indicated:

Signature                                           Title                                     Date
<S>                                                 <C>                                       <C>


/s/Ernest J. Furtado
_________________________________________           Chief Financial Officer, Senior           March 26, 2003
Ernest J. Furtado                                   Vice President, Secretary and
                                                    Director (Chief Financial and
                                                    Principal Accounting Officer)


/s/John A. Maccarone
_________________________________________           President and Director                    March 26, 2003
John A. Maccarone


/s/Neil I. Jowell
_________________________________________           Chairman of the Board and Director        March 26, 2003
Neil I. Jowell

</TABLE>


<PAGE>


CERTIFICATIONS

I, John A. Maccarone, certify that:

1.   I have  reviewed  this  annual report on Form 10-K of  Textainer  Equipment
     Income Fund IV, L.P.;

2.   Based  on  my knowledge,  this  annual  report does not contain  any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this annual report;

3.   Based  on  my  knowledge, the financial  statements,  and  other  financial
     information included in this annual report,  fairly present in all material
     respects the financial  condition,  results of operations and cash flows of
     the registrant as of, and for, the periods presented in this annual report;

4.   The  registrant's  other  certifying  officers  and  I are  responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a.)  designed  such  disclosure  controls  and  procedures  to  ensure that
          material  information   relating  to  the  registrant,  including  its
          consolidated subsidiaries, is made known to us by others within  those
          entities, particularly  during the period in which this  annual report
          is being prepared;

     b.)  evaluated the effectiveness of  the  registrant's  disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this annual report (the "Evaluation Date"); and

     c.)  presented   in   this   annual   report   our  conclusions  about  the
          effectiveness of the disclosure controls  and procedures  based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other  certifying  officers and  I  have disclosed,  based
     on our most recent evaluation,  to the registrant's  auditors and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a.)  all  significant   deficiencies   in  the  design   or   operation  of
          internal  controls  which  could  adversely  affect  the  registrant's
          ability to record,  process,  summarize and report  financial data and
          have identified for the registrant's  auditors any material weaknesses
          in internal controls; and

     b.)  any fraud,  whether  or  not  material,  that  involves  management or
          other  employees  who  have a  significant  role  in the  registrant's
          internal controls; and

6.   The registrant's other  certifying  officers and  I  have indicated in this
     annual report whether there were significant  changes in internal  controls
     or in other  factors  that could  significantly  affect  internal  controls
     subsequent  to the  date  of our  most  recent  evaluation,  including  any
     corrective  actions with regard to  significant  deficiencies  and material
     weaknesses.


March 26, 2003

                                       /s/ John A. Maccarone
                                       _________________________________________
                                       John A. Maccarone
                                       President and Director of TFS



<PAGE>




CERTIFICATIONS

I, Ernest J. Furtado, certify that:

1.   I have  reviewed  this  annual report on Form 10-K of  Textainer  Equipment
     Income Fund IV, L.P.;

2.   Based  on  my knowledge,  this  annual  report does not contain  any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this annual report;

3.   Based  on  my  knowledge, the financial  statements,  and  other  financial
     information included in this annual report,  fairly present in all material
     respects the financial  condition,  results of operations and cash flows of
     the registrant as of, and for, the periods presented in this annual report;

4.   The  registrant's  other  certifying  officers  and  I are  responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a.)  designed  such  disclosure  controls  and  procedures  to  ensure that
          material  information   relating  to  the  registrant,  including  its
          consolidated subsidiaries, is made known to us by others within  those
          entities, particularly  during the period in which this  annual report
          is being prepared;

     b.)  evaluated the effectiveness of  the  registrant's  disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this annual report (the "Evaluation Date"); and

     c.)  presented   in   this   annual   report   our  conclusions  about  the
          effectiveness of the disclosure controls  and procedures  based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other  certifying  officers and  I  have disclosed,  based
     on our most recent evaluation,  to the registrant's  auditors and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a.)  all  significant   deficiencies   in  the  design   or   operation  of
          internal  controls  which  could  adversely  affect  the  registrant's
          ability to record,  process,  summarize and report  financial data and
          have identified for the registrant's  auditors any material weaknesses
          in internal controls; and

     b.)  any fraud,  whether  or  not  material,  that  involves  management or
          other  employees  who  have a  significant  role  in the  registrant's
          internal controls; and

6.   The registrant's other  certifying  officers and  I  have indicated in this
     annual report whether there were significant  changes in internal  controls
     or in other  factors  that could  significantly  affect  internal  controls
     subsequent  to the  date  of our  most  recent  evaluation,  including  any
     corrective  actions with regard to  significant  deficiencies  and material
     weaknesses.


March 26, 2003

                                 /s/ Ernest J. Furtado
                                 _______________________________________________
                                 Ernest J. Furtado
                                 Chief Financial Officer, Senior Vice President,
                                 Secretary and Director of TFS


<PAGE>



                                  EXHIBIT 99.1



                            CERTIFICATION PURSUANT TO
                               18 U.S.C. ss. 1350,
                        AS ADOPTED, REGARDING SECTION 906
                        OF THE SARBANES-OXLEY ACT OF 2002



In  connection  with the Annual  Report of Textainer  Equipment  Income Fund IV,
L.P., (the  "Registrant")  on Form 10-K for the year ended December 31, 2002, as
filed on March  26,  2003  with the  Securities  and  Exchange  Commission  (the
"Report"),  I, John A.  Maccarone,  the  President  and  Director  of  Textainer
Financial Services  Corporation  ("TFS") and Principal Executive Officer of TFS,
the Managing General Partner of the Registrant,  certify,  pursuant to 18 U.S.C.
ss. 1350, as adopted,  regarding Section 906 of the  Sarbanes-Oxley Act of 2002,
that:

(i)    The Report fully complies with the requirements of Section 13(a) or 15(d)
       of the Securities Exchange Act of 1934; and

(ii)   The information contained in the Report  fairly presents, in all material
       respects, the financial condition, results  of operations and  cash flows
       of the Registrant.



March 26, 2003



                                    By  /s/ John A. Maccarone
                                        _____________________________________
                                        John A. Maccarone
                                        President and Director of TFS


<PAGE>


                                  EXHIBIT 99.2



                            CERTIFICATION PURSUANT TO
                               18 U.S.C. ss. 1350,
                        AS ADOPTED, REGARDING SECTION 906
                        OF THE SARBANES-OXLEY ACT OF 2002



In  connection  with the Annual  Report of Textainer  Equipment  Income Fund IV,
L.P., (the  "Registrant")  on Form 10-K for the year ended December 31, 2002, as
filed on March  26,  2003  with the  Securities  and  Exchange  Commission  (the
"Report"),   I,  Ernest  J.  Furtado,  Chief   Financial  Officer,  Senior  Vice
President,  Secretary and Director of Textainer  Financial Services  Corporation
("TFS") and  Principal  Financial  and  Accounting  Officer of TFS, the Managing
General Partner of the Registrant,  certify,  pursuant to 18 U.S.C. ss. 1350, as
adopted, regarding Section 906 of the Sarbanes-Oxley Act of 2002, that:

(i)    The Report fully complies with the requirements of Section 13(a) or 15(d)
       of the Securities Exchange Act of 1934; and

(ii)   The information contained in the Report  fairly presents, in all material
       respects, the financial condition, results  of operations and  cash flows
       of the Registrant.



March 26, 2003


                                By  /s/ Ernest J. Furtado
                                 _______________________________________________
                                 Ernest J. Furtado
                                 Chief Financial Officer, Senior Vice President,
                                 Secretary and Director of TFS