U.S. SECURITIES AND EXCHANGE COMMISSION                             Washington, D.C. 20549
                                   FORM 10-QSB
                  Quarterly Report Under Section 13 or 15(d) of                       The Securities Exchange Act of 1934
                  For the Quarterly Period Ended June 30, 2002                           Commission File No. 0-19933
                           TMP INLAND EMPIRE IV, LTD.                        A CALIFORNIA LIMITED PARTNERSHIP          (Name of small business issuer as specified in its charter)
CALIFORNIA                                                                                                                            33-0341829(State or other jurisdiction                                                                                                      (I.R.S.  Employer Identification No.) ofincorporation or organization)
                      801 North Parkcenter Drive, Suite 235                           Santa Ana, California 92705         (Address of principal executive offices, including Zip Code)
                                 (714) 836-5503                (Issuer's telephone number, including area code)
Check whether the issuer[1] filed all reports required to be filed by Section 13 or 15(d) of theExchange Act during the past 12 months (or for such shorter period that theregistrant was required to file such reports), and [2] has been subject to suchfiling requirements for the past 90 days. Yes [X] No [ ] 

Transitional Small Business Disclosure Format: ____Yes__X__No
 PART I - FINANCIAL INFORMATION
 Item 1.     Financial Statements
The following financial statements are filed as a part of this Form 10-QSB:
Balance Sheets as of June30, 2002 and December 31, 2001, Statements of Operations for the three and sixmonths ended June 30, 2002 and 2001, and Statements of Cash Flows for the sixmonths ended June 30, 2002 and 2001. 

The interim financialstatements presented have been prepared by the Partnership without audit and inthe opinion of the management, reflect all adjustments of a normal recurringnature necessary for a fair statement of (a) the results of operations for thethree and six months ended June 30, 2002 and 2001 (b) the financial position atJune 30, 2002 and (c) the cash flows for the six months ended June 30, 2002 and2001. Interim results are not necessarily indicative of results for a full year. 

The balance sheet presentedas of December 31, 2001 has been derived from the financial statements that havebeen audited by the Partnership’s independent public accountants. Thefinancial statements and notes are condensed as permitted by Form 10-QSB and donot contain certain information included in the annual financial statements andnotes of the Partnership. The financial statements and notes included hereinshould be read in conjunction with the financial statements and notes includedin the Partnership’s Form 10-KSB. 

2                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                 Balance Sheets                                                   June 30,       December 31,                                                     2002             2001                                                  (unaudited)       __________                                               ---------------                                     AssetsCash                                           $      1,415       $        171Prepaid Expenses                                          0              2,895Investment in Unimproved Land, net (Note 1)         435,692          1,181,723                                               ------------       ------------   Total Assets                                $    437,107       $1,184,789                                               ============       ==========                        Liabilities and Partners' CapitalAccounts Payable                               $     24,674       $     12,819Due to Affiliates (Note 5 and 6)                    621,388            716,181Property Taxes Payable (Note 8)                      78,411             59,416Franchise Tax Payable                                   800                800Commission Payable to Affiliate (Note 6)             70,560             70,560Notes Payable (Note 7)                              370,000            560,000                                               ------------       ------------    Total Liabilities                             1,165,833          1,419,776                                                  ---------          ---------General Partners                                    (83,003)           (78,065)Limited Partners; 8,500 Equity  Units Authorized and Outstanding                 (645,723)          (156,922)                                               -------------       ------------    Total Partners' Capital                        (728,726)          (234,987)                                               -------------       ------------    Total Liabilities and Partners' Capital    $    437,107       $  1,184,789                                               ============       ============                 See Accompanying Notes to Financial Statements
3                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                            Statements of Operations                                   (Unaudited)                                                    Three Months Ended                                                 June 30,            June 30,                                                  2002                  2001                                               ------------       ------------Income   Interest                                    $          0       $          0                                               ------------       ------------Total Income                                              0                  0                                               ------------       ------------Expenses   Accounting & Financial Reporting                   7,927              6,917   Decline in Market Value                          389,821            235,000   Outside Professional Services                     10,542             11,377   General   & Administrative                           281                737   Interest                                          18,023             16,717                                               ------------       ------------Total Expenses                                      426,594            270,748                                               ------------       ------------Loss Before Taxes                                  (426,594)          (270,748)   State Franchise Tax                                    0                  0                                               ------------       ------------Net Loss                                       $   (426,594)      $   (270,748)                                               =============      =============Allocation of Net Loss  (Note 4):   General Partners, in the Aggregate:         $     (4,266)      $     (2,707)                                               =============      =============   Limited Partners, in the Aggregate:         $   (422,328)      $   (268,041)                                               =============      =============   Limited Partners, per Equity Unit:          $     (49.68)      $     (31.53)                                               =============      =============                 See Accompanying Notes to Financial Statements
3                          TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                            Statements of Operations                                   (Unaudited)                                                       Six Months Ended                                                 June 30,            June 30,                                                  2002                  2001                                               ------------       ------------Income   Interest                                    $          0       $          0                                               ------------       ------------Total Income                                              0                  0                                               ------------       ------------Expenses   Accounting & Financial Reporting                  14,972             12,123   Decline in Market Value                          389,821            235,000   Outside Professional Services                     24,903             21,745   General   & Administrative                           475              2,887   Interest                                          38,027             30,717   Property Foreclosure                              24,741                  0                                               ------------       ------------Total Expenses                                      492,939            302,472                                               ------------       ------------Loss Before Taxes                                  (492,939)          (302,472)   State Franchise Tax                                 (800)              (800)                                               -------------       ------------Net Loss                                       $   (493,739)      $   (303,272)                                               =============      =============Allocation of Net Loss  (Note 4):   General Partners, in the Aggregate:         $     (4,938)      $     (3,033)                                               =============      =============   Limited Partners, in the Aggregate:         $   (488,801)      $   (300,239)                                               =============      =============   Limited Partners, per Equity Unit:          $     (57.51)      $     (35.32)                                               =============      =============                 See Accompanying Notes to Financial Statements
4                           TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                             Statement of Cash Flows                                   (unaudited)                                                      Six months ended                                               June 30,           June 30,                                                  2002               2001                                               ------------       ------------Cash Flows from Operating Activities:Net Loss                                       $   (493,739)       $  (303,272)  Decline in Market Value                           389,821            235,000Adjustments to Reconcile Net Loss to Net Cash  Provided By Operating Activities:     Property Foreclosure                            24,741                  0     Increase in Due to Affiliates                   91,027            145,004     Decrease in Prepaid Expenses                     2,895                  0     Increase (Decrease) in Property Taxes Payable   18,995            (1,047)     Increase (Decrease) in Accounts Payable         11,855            (9,885)                                               ------------       ------------        Net Cash Provided By Operating        Activities                                   45,595             65,800                                               ------------       ------------Cash Flows from Investing Activities:    Increase in Investment in Unimproved Land       (44,351)           (63,534)                                               -------------       ------------        Net Cash Used in Investing Activities       (44,351)           (63,534)                                               -------------       ------------Net Increase (Decrease) in Cash                       1,244              2,266Cash, Beginning of Period                               171              1,098                                               ------------       ------------Cash, End of Period                            $      1,415       $      3,364                                               ============       ============Supplemental Disclosure of Cash Flow Information:-------------------------------------------------Cash Paid for Taxes                            $        800       $        800                                               ============       ============Cash Paid for Interest                         $     39,302       $     53,207                                               ============       ============                 See Accompanying Notes to Financial Statements
5
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                  June 30, 2002                                   (Unaudited)
Note 1 - General and Summary of Significant Accounting Policies
General - TMP InlandEmpire IV, Ltd. (the Partnership) was organized in 1989 in accordance with theprovisions of the California Uniform Limited Partnership Act for the purpose ofacquiring, developing and operating real property in the Inland Empire area ofSouthern California. 

Accounting Method -The Partnership’s policy is to prepare its financial statements on theaccrual basis of accounting. 

Investment in UnimprovedLand - Investment in unimproved land is stated at the lower of cost or fairvalue. All costs associated with the acquisition of a property are capitalized.Additionally, the Partnership capitalizes all direct carrying costs (such asinterest and property taxes). These costs are added to the cost of theproperties and are deducted from the sales prices to determine gains, if any,when properties are sold. 

Syndication Costs -Syndication costs (such as commissions, printing, and legal fees) totaling$928,614 represent costs incurred to raise capital and, accordingly, arerecorded as a reduction in partners’ capital (see Note 3). 

Use of Estimates -The preparation of financial statements in conformity with generally acceptedaccounting principles requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities and the disclosure ofcontingent assets and liabilities at the date of the financial statements andthe reported amounts of revenues and expenses during the reporting period.Actual results could differ from these estimates. 

Concentration - Allunimproved land parcels held for investment are located in the Inland Empirearea of Southern California. The eventual sales price of all parcels is highlydependent on the real estate market condition in that geographical area. ThePartnership attempts to mitigate any potential risk by continually monitoringthe market conditions and holding the land parcels through any periods ofdeclining market conditions. 

Income Taxes - Theentity is treated as a partnership for income tax purposes and accordingly anyincome or loss is passed through and taxable to the individual partners.Accordingly, there is no provision for federal income taxes in the accompanyingfinancial statements. However, the minimum California Franchise Tax payableannually by the Partnership is $800. 

6
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                  June 30, 2002                                   (Unaudited)
Note 1 - General and Summary of Significant Accounting Policies (continued)
Recent AuthoritativePronouncements- In October 2001, the FASB issued SFAS No. 144“Accounting for the Impairment or Disposal of Long-Lived Assets”. Thisstatement establishes the accounting model for long-lived assets to be disposedof by sale and applies to all long-lived assets, including discontinuedoperations. This new statement requires that those long-lived assets be measuredat the lower of carrying amount or fair value less cost to sell, whetherreported in continuing operations or in discontinued operations. The Partnershipadopted SFAS No. 144 beginning January 1, 2002. There was no impact to thefinancial statements since the long-lived assets had previously been recorded atthe lower of cost or market value, less disposal costs. 

Liquidity and Going Concern
As shown in theaccompanying financial statements, the Partnership does not have sufficientcurrent assets to satisfy liabilities that arise in the normal course ofbusiness. PacWest Inland Empire, through its loan agreement with the TMPpartnerships, provided a source of funds by which the Partnership could satisfythe liabilities arising from partnership operations and the development andmaintenance of undeveloped land held by the Partnership. The loan agreementoriginally stated that PacWest could loan up to $2,500,000 to the TMPpartnerships. Subsequently, the agreement was amended to allow PacWest to loanbeyond $2,500,000. Currently, PacWest has loaned approximately $3,073,000 to theTMP partnerships, of which approximately $621,185 has been loaned to thePartnership. PacWest has stopped loaning funds to the Partnership. 

The Partnership hasnotified the limited partners of their intent to terminate the Partnership byDecember 31, 2002 and the Partnership is actively attempting to sell theundeveloped land it presently owns. Foreclosure proceedings have begun on threeof the properties. 

Note 2 - Organization of the Partnership
The Partnership was originally formed with TMP Properties (A California  generalpartnership) and TMP Investments, Inc. (A California Corporation) as the generalpartners.  The  partners'  of TMP  Properties  are William O. Passo,  Anthony W.Thompson and Scott E.  McDaniel.  William O. Passo and Anthony W.  Thompson werethe shareholders of TMP Investments,  Inc. until October 1, 1995, when they soldtheir shares to TMP Group,  Inc. and then became the  shareholders of TMP Group,Inc.
7
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                  June 30, 2002                                   (Unaudited)
Note 2 - Organization of the Partnership (continued)
The Partnership originallyacquired nine separate parcels of unimproved real property in Riverside and SanBernardino Counties, California. The properties were to be held for investment,appreciation, and ultimate sale and/or improvement of all or portion thereof,either alone or in conjunction with a joint venture partner. One parcel was soldin 1989, another parcel was sold in 1990, a third parcel was sold in 1995, and afourth parcel was sold in 1997. 

The partnership agreementprovides for two types of investments: Individual Retirement Accounts (IRA) andothers. The IRA minimum purchase requirement was $2,000 and all others were aminimum purchase requirement of $5,000. The maximum liability of the limitedpartners is the amount of their capital contribution. 

Note 3 - Partners Contributions
The Partnership offered forsale 8,500 units at $1,000 each to qualified investors. As of December 31, 1989,all 8,500 units had been sold for total limited partner contributions of$8,500,000. There have been no contributions made by the general partners sinceits formation. As described in Note 1, syndication costs have been recorded as areduction in partners’ capital. 

Note 4 - Allocation of Profits, Losses and Cash Distributions
Profits, losses, and cashdistributions are allocated 99 percent to the limited partners and one percentto the general partners until the limited partners have received an amount equalto their capital contributions plus a cumulative, non-compounded return of sixpercent per annum based on their adjusted capital account balances. At thatpoint, remaining profits, losses and cash distributions are allocated 85 percentto the limited partners and 15 percent to the general partners. There were nodistributions in 2002 or 2001. 

Note 5 - Agreements with PacWest
In March 1998, the GeneralPartners entered into an agreement (the Financing Agreement) with PacWest,whereby PacWest paid a total of $300,000 to the General Partners and ten otherrelated partnerships (the TMP Land Partnerships). In addition, PacWest agreed topay up to an additional $300,000 for any deficit capital accounts for the TMPLand Partnerships in exchange for the rights to the General Partners’distributions; referred to as a “distribution fee” as defined by theFinancing Agreement. 

8
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                  June 30, 2002                                   (Unaudited)
Note 5 - Agreements with PacWest
In addition, PacWest hasagreed to loan and/or secure a loan for the TMP Land Partnerships in the amountof $2,500,000. Loan proceeds will be allocated among the TMP Land Partnerships,based on partnership needs, from recommendations made by PacWest, and under theapproval and/or direction of the general partners. A portion of these funds willbe loaned to the Partnership at 12% simple interest beginning April 1, 1998. Theborrowings are secured by the Partnership’s properties, and funds will beloaned, as needed, in the opinion of the General Partners. These funds are notto exceed 50% of the 1997 appraised value of the properties, and will primarilybe used to pay for on-going property maintenance, pay down existing debt, payback property taxes and appropriate entitlement costs. 

PacWest, can, at theiroption, make additional advances with the agreement of the General Partners;however, the aggregate amount of cash loaned to the TMP Land Partnerships islimited to a maximum of $2,500,000. 

As of June 30, 2002 and December 31, 2001, the TMP Land Partnerships owe PacWestapproximately  $3,073,000 and  $3,637,000,  respectively,  including  advances &interest.
Effective August 1, 2000,the Partnership entered into the First Amendment to the Management Agreement(“First Amendment”). The purpose of the First Amendment is to clarifyand define certain language and the terms of the provisions of the ManagementAgreement. The Management Agreement, in its entirety, remains in effect apartfrom specific items discussed in the First Amendment. 

Certain items disclosed inthe First Amendment include 1) Revision of the “Asset AdministrationFee” schedule and its reduction upon the sale of any property, 2)“Participation Fee” wording is altered to read “Manager ProfitParticipation” and its calculation is defined, 3) the maximum amount of thePacWest loan to any Partnership shall not exceed fifty percent (50%) of the fairmarket value of all real properties owned by the Partnership, and the maximumamount of the PacWest loan secured against each specific parcel shall not exceeda loan-to-value ratio of fifty percent of the fair market 

9
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                  June 30, 2002                                   (Unaudited)
Note 5 - Agreements with PacWest (continued)
value of that parcel, 4)The maximum Total PacWest loan amount shall be $2,500,000 allocated between thePartnerships and each borrowing Partnership shall execute a Promissory Note (asattached to the First Amendment) and a Trust Deed (as attached to the FirstAmendment. PacWest and the TMP Land Partnerships shall be entitled to enter intoa separate written agreement to provide for a short-term gap loan to coveremergency shortfalls, and 5) If the Partnerships need funds in excess of the$2,500,000, PacWest shall be entitled to obtain third party loans at marketinterest, secured against the real property of each Partnership to whom suchloan(s) is made. No such loan(s) shall be made without the written consent ofthe General Partners. 

Pursuant to the FinancingAgreement, PacWest has acquired the General Partners’ unsubordinated 1%interest in the Partnership and assumed responsibility for all partnershipadministration while not replacing any of the General Partners. 

In April 1998, PacWestentered into the Management Agreement with the General Partners to provide thePartnership with overall management, administrative and consulting services.PacWest currently contracts with third party service providers to performcertain of the financial, accounting, and investor relations’ services forthe Partnership. PacWest will charge a fee for its administrative services equalto an amount not to exceed the average reimbursements to the General Partnersfor such services over the past five years. As of June 30, 2002 and December 31,2001, the Partnership has a payable of $621,185 and $715,978, respectively,including interest to PacWest related to the aforementioned agreements. 

Note 6 - Related Party Transactions
Syndication costs (seeNotes 1 and 3) netted against partners’ capital contributions include$850,000 of selling commissions paid in prior years to TMP Capital Corp. for thesale of partnership units of which a portion was then paid to unrelatedregistered representatives. William O. Passo and Anthony W. Thompson were theshareholders of TMP Capital Corp. until October 1, 1995, when they sold theirshares to TMP Group, Inc. 

Investment in unimprovedland includes acquisition fees of $365,000 paid in prior years to TMPProperties, TMP Investments, Inc., and the General Partners, for servicesrendered in connection with the acquisition of the properties. 

10
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                  June 30, 2002                                   (Unaudited)
Note 6 - Related Party Transactions (continued)
At June 30, 2002 thePartnership had a payable of $203 to the General Partner and the affiliatedcompany. 

As of June 30, 2002 andDecember 31, 2001, $70,560 is payable to Regal Realty, a company wholly owned byScott E. McDaniel, for services rendered relating to sales of properties priorto 1990. Mr. McDaniel is a partner of TMP Properties and he was a shareholder ofTMP Investments, Inc. until September 1993 when he sold his shares to Mr. Passoand Mr. Thompson. Ultimate payment of this amount is contingent on the limitedpartners receiving an amount equal to their capital contributions plus acumulative, non-compounded return of 6% per annum on their adjusted capitalcontributions. As of June 30, 2002 the limited partners had not received such areturn and therefore this amount is not currently due. 

On February 22, 2002,PacWest, a related party, purchased the Beaumont, California property at theforeclosure proceedings for $214,432 (see Note 7). The net book value of theproperty as of the sale date was approximately $400,560 and the Note Payablerelating to this property had a principal balance due of $190,000. PacWestforgave the Partnership approximately $185,800 of debt relating to thistransaction. A net loss of approximately $24,700 was recorded on theaccompanying Statement of Operations for the six-month period ended June 30,2002. 

See Note 5 regarding information on management of the Partnership during 2002.
Note 7 - Note Payable
On March 1, 1996, thePartnership borrowed $190,000 from a private party. The note was secured by adeed of trust on a parcel of land owned by the Partnership in Beaumont,California. The note was originally due on February 1, 1999, but was extendeduntil June 1, 2001. Fees for the refinance of the note were paid by thePartnership in the amount of approximately $8,800. Interest accrued at 12percent per annum payable in monthly installments of $1,900 starting March 1,1996. The property was in default due to non-payment of the first trust deednote on the property. Foreclosure proceedings, in which PacWest, a relatedparty, purchased the property, were completed on February 22, 2002 and theproperty is no longer owned by the Partnership. As of June 30, 2002, the notepayable has been removed from the balance sheet. 

11
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                  June 30, 2002                                   (Unaudited)
Note 7 - Note Payable (continued)
On March 24, 2000, thePartnership borrowed $250,000 from a private party. The note is secured by adeed of trust on a parcel of land owned by the Partnership in Perris,California. The note is due on April 1, 2003. Interest accrues at 13.5% perannum payable in monthly installments of $2,864 starting May 1, 2000. As of June30, 2002 and December 31, 2001, $76,866 and $60,134 of interest has beencapitalized to investment in unimproved land. On May 21, 2002, the lenderstarted foreclosure proceedings of the parcel of land due to non-payment of thisfirst trust deed. No foreclosure sale date has been set (see Note 9). 

On July 7, 2000, thePartnership borrowed $120,000 from a private party. The note is secured by adeed of trust on a parcel of land owned by the Partnership in Victorville,California. The note is due on July 7, 2003. Interest accrues at 12% per annumpayable in monthly installments of $1,200 starting August 7, 2000. As of June30, 2002 and December 31, 2001, $28,800 and $21,600 of interest has beencapitalized to investment in unimproved land. On May 30, 2002, the lenderstarted foreclosure proceedings of the parcel of land due to non-payment of thisfirst trust deed. No foreclosure sale date has been set (see Note 9). 

Note 8 - Property Taxes Payable
A portion of the propertytaxes payable of $78,411 relates to property taxes due for various periods from1994 to 1997 for which the Partnership has entered into a payment plan. The plancalls for amounts to be paid starting in April 2000, and every April for thenext three subsequent years. The balance due under the installment plan is$18,266. The April 10, 2002 payment was not made by the Partnership. Additionalproperty tax liability of $60,145, relates to current property taxes that weredue in April and December 2000 and 2001 and April 2002, not yet paid.Approximate amounts due on the payment plan are as follows: 
     April 10, 2002                            $9,737     April 10, 2003                             8,529                                               ------                                              $18,266                                              =======
These amounts will increaseannually as interest accrues at a monthly rate of 1.5% on the remaining balance. 

12
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                  June 30, 2002                                   (Unaudited)
Note 9 - Decline in Market Value
On May 10, 2002 the General Partnersnotified the limited partners of their intent to terminate the Partnership byDecember 31, 2002. Foreclosure proceedings have begun on three of thePartnership properties and a write-down in value of the Partnership land of$389,821 was taken in the accompanying Statements of Operations for the periodended June 30, 2002. 

During the year endedDecember 31, 2001 the Partnership experienced a loss due to the write-down invalue of the Partnership land of $857,525. The decline in land value was mainlydue to the downturn in the real estate market applicable to the location ofcertain properties. 

13
                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                  June 30, 2002
Item 2. Management's  Discussion and Analysis of Financial Condition and Resultsof Operations.
The following discussionand analysis provides information that the Partnership’s managementbelieves is relevant to an assessment and understanding of thePartnership’s results of operations and financial condition. Thisdiscussion should be read in conjunction with the financial statements andfootnotes, which appear elsewhere in this report. 

This Quarterly Report onForm 10-QSB contains forward-looking statements within the meaning of Section27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Actof 1934, which are subject to the “safe harbor” created by thatsection. Words such as “expects,” “anticipates,”“intends,” “plans,” “believes,” “seeks,”“estimates” and similar expressions or variations of such words areintended to identify forward-looking statements, but are not the exclusive meansof identifying forward-looking statements in this report. Additionally,statements concerning future matters such as the features, benefits andadvantages of the Partnership’s property regarding matters that are nothistorical are forward-looking statements. The Partnership’s actual futureresults could differ materially from those projected in the forward-lookingstatements. The Partnership assumes no obligation to update the forward-lookingstatements. 

Readers are urged to review and consider carefully the various  disclosures madeby the Partnership in this report,  which attempts to advise interested  partiesof the risks and factors that may affect the Partnership's  business,  financialcondition and results of operations.
The Partnership isexperiencing serious operating and liquidity issues. The report of thePartnerships independent public accountants on the Partnerships financialstatements included in the Form 10-KSB for the year ended December 31, 2001contained a modification related to the Partnerships ability to continue as agoing concern. 

Results of Operations
The following discussionshould be read in conjunction with the attached financial statements and notesthereto and with the Partnership’s audited financial statements and notesthereto for the fiscal years ended December 31, 2001. 

The  Partnership's  management  believes  that  inflation has not had a materialeffect on the Partnership's results of operations or financial condition.
14
                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                  June 30, 2002
Fiscal Quarters Ended June 30, 2002 and 2001
There was no income to thePartnership during the three and six-month periods ended June 30, 2002 and 2001. 

Total expenses for thethree month period ended June 30, 2002 compared with the period ended June 30,2001, increased by $155,846 due primarily to the increase in Decline in MarketValue of $154,821 (see Note 9). 

Total expenses for the sixmonth period ended June 30, 2002 compared with the period ended June 30, 2001,increased by $190,467 due primarily to the increase in Decline in Market Valueof $154,821 (see Note 9). In addition, there were slight increases in Accounting& Financial Reporting, Outside Professional Services, Interest and PropertyForeclosure. The increase in Property Foreclosure of $24,741 relates to theforeclosure of the property in Beaumont (See Note 7). 

Liquidity and Capital Resources
At June 30, 2002 thePartnership had available cash of approximately $1,415 Operations during thesix-month period ended June 30,2002 provided cash of approximately $45,600 whileinvesting activities associated with the payment of development and carryingcosts of unimproved land held for investment utilized cash of approximately$44,350. Advances from PacWest increased by approximately $91,000 during thesix-month period ended June 30, 2002. 

Operations during thesix-month period ended June 30, 2001 provided cash of approximately $65,800while investing activities associated with the payment of development andcarrying costs of unimproved land held for investment utilized cash ofapproximately $63,500. Advances from PacWest increased by approximately $145,000during the six-month period ended June 30, 2001. 

As shown in theaccompanying financial statements, the Partnership does not have sufficientcurrent assets to satisfy liabilities that arise in the normal course ofbusiness. PacWest, through its loan agreement with the TMP partnerships,provided a source of funds by which the Partnership could satisfy theliabilities arising from partnership operations and the development andmaintenance of undeveloped land held by the Partnership. The loan agreementoriginally stated that PacWest could loan up to $2,500,000 to the TMPpartnerships. Subsequently, the agreement was amended to allow PacWest to loanbeyond $2,500,000. Currently, PacWest has loaned approximately $3,073,000 to theTMP partnerships, of which approximately $621,185 has been loaned to thePartnership. PacWest has stopped loaning funds to the Partnership. 

15
                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                  June 30, 2002
The Partnership hasnotified the limited partners of their intent to terminate the Partnership byDecember 31, 2002 and the Partnership is actively attempting to sell theundeveloped land it presently owns. Foreclosure proceedings have begun on threeof the properties. 

The Partnership had fourproperties as of June 30, 2002 that are being held for appreciation and resale.All the properties are listed for sale for prices ranging from $200,000 to$475,000. On May 10, 2002 the General Partners notified the limited partners oftheir intent to terminate the Partnership by December 31, 2002. PacWest hastherefore begun to foreclose on three of the Partnership properties and awrite-down in value of the Partnership land of $389,821 was taken in theaccompanying Statements of Operations for the period ended June 30, 2002. Uponthe sale/foreclosure of each property, the Partnership intends to payback, whereapplicable, notes payable secured by the properties as well as PacWest loans,including interest, and then distribute the sales proceeds (if any), less anyreserves needed for operations, to the partners 

The approximately 10 acresat Oleander in Perris, California is located within Community FacilitiesDistrict 88-8 and due to the non-payment of the assessments, the District hasfiled a Complaint to Foreclose Lien of Special Taxes under the Mello-RoosCommunity Facilities Act of 1982 against the Partnership. No date has been setfor the foreclosure sale. 

16SignaturesPursuant to the requirements of the Securities Exchange Act of 1934, theregistrant has duly caused this report to be signed on its behalf by theundersigned thereunto duly authorized.Date:  August 11, 2002TMP INLAND EMPIRE IV, LTD.              A California Limited Partnership         By: TMP Investments, Inc., a California Corporation as Co-General Partner                              \s\ William O. Passo                     By:___________________________________                         William O. Passo, President                              \s\ Anthony W. Thompson                     By:__________________________________                         Anthony W. Thompson, Exec. VP         By:  TMP Properties, a California General Partnership as Co-General Partner                              \s\ William O. Passo                     By:___________________________________                         William O. Passo, General Partner                              \s\ Anthony W. Thompson                     By:___________________________________                        Anthony W. Thompson, General Partner                              \S\ Scott E. McDaniel                     By ____________________________________                                Scott E. McDaniel         By:    JAFCO, Inc., A California Corporation as Chief Accounting Officer                   \S\ John A. Fonseca              By ____________________________________                                  John A. Fonseca, President