FORM 10-Q


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934


For the quarterly period ended:    March 31, 1997

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission file number:  33-76970

              WNC CALIFORNIA HOUSING TAX CREDITS IV, L.P., Series 4
             (Exact name of registrant as specified in its charter)


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

California                                                   33-0531301

              3158 Redhill Avenue, Suite 120, Costa Mesa, CA 92626
                    (Address of principal executive offices)

                                 (714) 662-5565
                         (Registrant's telephone number,
                              including area code)

                                       N/A
     (Former name,  former address and former fiscal year, if changed since last
     report)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

Yes [X]    No [ ]

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

                       (A California Limited Partnership)

                               INDEX TO FORM 10-Q

                    FOR THE QUARTER ENDED MARCH 31, 1997

PART I. FINANCIAL INFORMATION

  Item 1. Financial Statements...............................................2

  

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



PART II. OTHER INFORMATION

    Item 6. Exhibits and Reports on Form 8-K..................................3

    Signatures ...............................................................4



                                       
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Item 1.  Financial Statements

Omitted







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

Omitted









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<PAGE>






Part II.  Other Information

Item 1.  Legal Proceedings

         None.

Item 6.  Exhibits and Reports on Form 8-K

1.  None.


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<PAGE>


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

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

By WNC CALIFORINA TAX CREDIT PARTNERS IV, L.P.  General Partner


By WNC & ASSOCIATES, INC.  General Partner



By:   /s/   John B. Lester, Jr.
   ______________________________________
John B. Lester, Jr.        President

Date: May 20, 1997


By:   /s/   Theodore M. Paul
   _______________________________________
Theodore M. Paul  Vice President - Finance

Date: May 20, 1997




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