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 March 31, 2001                           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 March31, 2001 and December 31, 2000,  Statements of  Operations  for the three monthsended March 31, 2001 and 2000, and Statements of Cash Flows for the three monthsended March 31, 2001 and 2000. 

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  months  ended  March 31, 2001 and 2000 (b) the  financial  position as ofMarch 31, 2001 and (c) the cash flows for the three  months ended March 31, 2001and 2000.  Interim results are not necessarily  indicative of results for a fullyear.

The balance sheet presentedas of December 31, 2000 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                                                       March 31,  December 31,                                                         2001         2000                                                     (unaudited)                                                   ------------   -----------                                     AssetsCash ..............................................$       109    $     1,098Prepaid Expenses ..................................      2,895              0Investment in Unimproved Land, net (Note 1) .......  1,955,358      1,925,000                                                   -----------    -----------   Total Assets ...................................$ 1,958,362    $ 1,926,098                                                   ===========    ===========                        Liabilities and Partners' CapitalAccounts Payable ..................................$     2,774    $    12,585Due to Affiliates (Note 5 and 6) ..................    514,909        452,552Property Taxes Payable (Note 8) ...................     59,813         48,371Franchise Tax Payable .............................      1,600            800Commission Payable to Affiliate (Note 6) ..........     70,560         70,560Notes Payable (Note 7) ............................    560,000        560,000                                                   -----------    -----------    Total Liabilities .............................  1,209,656      1,144,868                                                   -----------    -----------General Partners ..................................    (68,228)       (67,903)Limited Partners; 8,500 Equity  Units Authorized and Outstanding ................    816,934        849,133                                                   -----------    -----------    Total Partners' Capital .......................    748,706        781,230                                                   -----------    -----------    Total Liabilities and Partners' Capital .......$1,958,362     $ 1,926,098                                                   ==========     ===========                 See Accompanying Notes to Financial Statements
3                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                            Statements of Operations                                   (Unaudited)                                                     Three Months Ended                                                 March 31,        March 31,                                                   2001              2000                                                ------------   ------------Income   Interest                                    $          0    $          0                                               ------------    ------------Total Income                                              0               0                                               ------------    ------------Expenses   Accounting & Financial Reporting                   5,206          11,813   Outside Professional Services                     10,368          10,606   General  & Administrative                          2,150           3,507   Interest                                          14,000          14,392                                               ------------    ------------Total Expenses                                       31,724          40,318                                               ------------    ------------Loss Before Taxes                                  (31,724)         (40,318)   State Franchise Tax                                (800)            (800)                                               ------------    ------------Net Loss                                       $   (32,524)    $    (41,118)                                               ===========     ============Allocation of Net Loss  (Note 4):   General Partners, in the Aggregate:         $      (325)    $       (411)                                               ===========     ============   Limited Partners, in the Aggregate:         $   (32,199)    $    (40,707)                                               ===========     ============   Limited Partners, per Equity Unit:          $     (3.79)    $      (4.79)                                               ===========     ============                 See Accompanying Notes to Financial Statements
4                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                             Statement of Cash Flows                                   (unaudited)                                                        Three months ended                                                      March 31,    March 31,                                                        2001          2000                                                     ----------   ----------Cash Flows from Operating Activities:Net Loss ........................................   $ (32,524)   $ (41,118)  Adjustments to Reconcile Net Loss to Net Cash  Provided By (Used In) Operating Activities:     Increase (Decrease) in Due to Affiliates ...      62,357      (95,708)     Increase in Prepaid Expenses ...............      (2,895)           0     Increase in Property Taxes Payable .........      11,442       13,121     Increase in Franchise Tax Payable ..........         800          800     Increase in Accounts Payable ...............      (9,811)       4,130                                                    ---------     --------        Net Cash Provided By (Used In)                      Operating Activities ......      29,369     (118,775)                                                    ---------     --------Cash Flows from Investing Activities:    Increase in Investment in Unimproved Land ...     (30,358)     (70,830)                                                    ---------     --------        Net Cash Used in Investing Activities ...     (30,358)     (70,830)                                                    ---------     --------Cash Flows from Financing Activities:    Borrowings from Note Payable ................           0      250,000                                                    ---------     --------        Net Cash Provided By Financing Activities           0      250,000                                                    ---------     --------Net Increase in Cash ............................        (989)      60,935Cash, Beginning of Period .......................       1,098        3,427                                                    ---------     --------Cash, End of Period .............................   $     109    $  63,822                                                    =========    =========Supplemental Disclosure of Cash Flow Information:Cash Paid for Taxes .............................   $       0    $       0                                                    =========    =========Cash Paid for Interest ..........................   $  24,960    $  63,645                                                    =========    =========                 See Accompanying Notes to Financial Statements
5
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                 March 31, 2001                                   (Unaudited)
Note 1 - General and Summary of Significant Accounting Policies
General - TMP Inland Empire IV, Ltd. (the Partnership) was organized in 1989in accordance with the provisions of the California Uniform Limited  PartnershipAct for the purpose of acquiring,  developing and operating real property in theInland Empire area of Southern 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                                 March 31, 2001                                   (Unaudited)
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.
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 2001 or 2000. 

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                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                 March 31, 2001                                   (Unaudited)
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. 

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 March 31, 2001 theTMP Land Partnerships owe PacWest  approximately  $3,075,400,  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 

8
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                 March 31, 2001                                   (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 March 31, 2001 and December31, 2000, the Partnership has a payable of $514,706 and $452,349, 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. 

At March 31, 2001 thePartnership had a payable of $203 to the General Partner and the affiliatedcompany. 

9
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                 March 31, 2001                                   (Unaudited)
Note 6 - Related Party Transactions (continued)
As of March 31, 2001 andDecember 31, 2000, $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 March 31, 2001 the limited partners had not received such areturn and therefore this amount is not currently due. 

See Note 5 regarding information on management of the Partnership during 2001.
Note 7 - Note Payable
On March 1, 1996, thePartnership borrowed $190,000 from a private party. The note is secured by adeed of trust on a parcel of land owned by the Partnership in Beaumont,California. The note was due on February 1, 1999, but was extended until June 1,2001. Fees for the refinance of the note were paid by the Partnership in theamount of approximately $8,800. Interest accrues at 12 percent per annum payablein monthly installments of $1,900 starting March 1, 1996. As of March 31, 2001and December 31, 2000, $114,127 and $108,427 of interest has been capitalized toinvestment in unimproved land. 

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 ofMarch 31, 2001 and December 31, 2000, $34,363 and $25,772 of interest has beencapitalized to investment in unimproved land. 

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 March31, 2001 and December 31, 2000, $10,800 and $7,200 of interest has beencapitalized to investment in unimproved land. 

10
                            TMP INLAND EMPIRE IV, LTD                        A California Limited Partnership                        Notes to the Financial Statements                                 March 31, 2001                                   (Unaudited)
Note 8 - Property Taxes Payable
A portion of the propertytaxes payable of $59,813  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$25,932.  Additional  property  tax  liability  of  $33,881,  relates to currentproperty  taxes that were due in April and December 2000 and April 2001, not yetpaid. Approximate amounts due on the payment plan are as follows:
     April 10, 2001                           $11,274     April 10, 2002                             7,329     April 10, 2003                             7,329                                               ------                                              $25,932                                              =======
These amounts will increaseannually as interest accrues at a monthly rate of 1.5% on the remaining balance. 

Note 9 - Decline in Market Value
In 2000, the Partnershipexperienced a loss due to the write-down in value of the Partnership land of$888,025. The decline in land value was mainly due to the downturn in the realestate market applicable to the location of certain properties. This write downis recorded as Decline in Market Value in the Statements of Operations for theyear ended December 31, 2000. 

11
                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                 March 31, 2001
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.
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 year ended December 31, 2000. 

During the period frominception (June 7, 1989) through December 31, 1989, the Partnership was engagedprimarily in the sale of Units and the investment of the subscription proceedsto purchase parcels of unimproved real property. The Partnership sold oneproperty during 1989 for a gross profit, net of all acquisition, carrying andselling costs, of $272,129, and one property in 1990 for a gross profit, net ofall acquisition, carrying and selling costs, of $315,081. Other revenuesreceived during the fiscal years ended December 31, 1995-2000, consistedprimarily of interest income and income from the forfeiture by potential buyersof non-refundable escrow deposits. In 

12
                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                 March 31, 2001
1996, the Partnershipexperienced a loss due to the write-down in value of the Partnership land. Thedecline in land value was due mainly to the downturn in SouthernCalifornia’s real estate market. 

The  Partnership's  management  believes  that  inflation has not had a materialeffect on the Partnership's results of operations or financial condition.
In 2000, the Partnershipexperienced  a loss due to the  write-down in value of the  Partnership  land of$888,025.  The decline in land value was mainly due to the  downturn in the realestate  market  applicable  to the  location  of certain  properties. This writedown is recorded as Decline in Market Value in the Statement of Operations forthe year ended December 31, 2001.
Fiscal Quarters Ended March 31, 2001 and 2000.
There was no income to the  Partnership  during the periods ended March 31, 2001and 2000. No properties were sold during the periods presented.
Investing Activities used$30,358 and $70,830 for the periods ended March 31, 2001 and 2000, respectively,most of which was used to pay development and carrying costs of the unimprovedland held for investment. 

Financing  Activitiesprovided  $250,000  for the period  ended March 31,  2000,  relating to proceedsreceived from notes payables. These funds were mainly used to reduce the amountsdue to Pac West.

Total expenses for theperiod ended March 31, 2001 compared with the period ended March 31, 2000,decreased by $8,594 due primarily to a decrease of $6,607 in Accounting &Financial Reporting. Accounting & Financial Reporting decreases are directlyrelated to the timing of the costs incurred to prepare, review and file theappropriate financial information for the Partnership. 

Due to Affiliates increasesas the Partnership pays its’ operating costs. During the period ended March31, 2000 and upon receipt of the $250,000 from a third party note payable, thePartnership reduced the obligation due to PacWest and paid $165,000, whichincluded both interest and principal amounts due.

13
                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                 March 31, 2001
The Partnership had fiveproperties as of March 31, 2001 that are being held for appreciation and resale.Upon the sale of each property, the Partnership intends to payback PacWestloans, including interest, and then distribute the sales proceeds, less anyreserves needed for operations, to the partners. 

Liquidity and Capital Resources
The Partnership has raiseda total of $7,571,386, net of syndication costs, from the sale of Units. Duringthe period from inception through December 31, 1995, the Partnership acquired atotal of nine Properties for all cash at a total expenditure of $7,172,389. ThePartnership capitalized the acquisition costs of the property and directcarrying costs, such as interest expense and property taxes. The Partnershipdoes not intend to acquire any additional properties. The remaining fiveproperties are being held for resale. Upon sale, if any, the Partnership intendsto distribute the sales proceeds, less any reserves needed for operations, tothe partners. 

The Partnership owns landin the Riverside and San Bernardino counties. That region of Southern Californiaexperienced a significant economic recession that has substantially eroded thevalue of real estate in that area. The region is beginning to show some signs ofrecovery; however, the recovery has been very slow. 

On March 1, 1996, thePartnership borrowed $190,000 from a private party. The note is secured by adeed of trust on a parcel of land owned by the Partnership in Beaumont,California. The note was due on February 1, 1999, but was extended until June 1,2001. Fees for the refinance of the note were paid by the Partnership in theamount of approximately $8,800. Interest accrues at 12 percent per annum payablein monthly installments of $1,900 starting March 1, 1996. As of March 31, 2001and December 31, 2000, $114,127 and $108,427 of interest has been capitalized toinvestment in unimproved land. 

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 ofMarch 31, 2001 and December 31, 2000, $34,363 and $25,772 of interest has beencapitalized to investment in unimproved land. 

14
                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                 March 31, 2001
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 March31, 2001 and December 31, 2000, $10,800 and $7,200 of interest has beencapitalized to investment in unimproved land. 

In March 1998, the GeneralPartners entered into the Financing Agreement with PacWest, whereby PacWest paida total of $300,000 to the General Partners and the TMP Land Partnerships.PacWest agreed to pay up to an additional $300,000 for any deficit capitalaccounts for these 11 partnerships in exchange for the rights to distributionsfrom the general partners; referred to as a “distribution fee” asdefined by the Financing Agreement. 

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 the funds willbe loaned, as needed, in the opinion of the General Partners. These funds arenot to exceed 50% of the 1997 appraised value of the properties, and willprimarily be used to pay for on-going property maintenance, reduction ofexisting debt, property taxes in arrears, appropriate entitlement costs andPartnership operations. 

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 March 31, 2001 theTMP Land Partnerships owe PacWest approximately  $3,075,400,  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. 

15
                           TMP INLAND EMPIRE IV, LTD.                        A California Limited Partnership                                 March 31, 2001
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 value of that parcel,4) The maximum Total PacWest loan amount shall be $2,500,000 allocated betweenthe Partnerships and each borrowing Partnership shall execute a Promissory Note(as attached 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 is paid an annual fee of $18,960 for its administrativeservices. 

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: May 11, 2001TMP 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