FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


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

For the quarterly period ended September 30, 1996

                                       OR

         ( )      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

For the transition period from..............  to..............

Commission file number 0-17713

                         SILVER SCREEN PARTNERS IV, L.P.
                        (A Delaware Limited Partnership)
                  (Exact name of registrant as specified in its
                Certificate and Agreement of Limited Partnership)


Delaware                                                     06-1236433
----------------------------------------                     ----------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                               Identification No.)
                                                     
c/o Chelsea Piers, Pier 62 - Suite 300
New York, New York                                            10011
----------------------------------------                     ----------
(Address of principal executive offices)                     (Zip Code)

Registrant's telephone number, including area code (212) 336-6700

Securities registered pursuant to Section 12(b) of the Act: NONE

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

                      Units of Limited Partnership Interest

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,  and (2) has been subject to such  requirements for the
past 90 days.

                                    YES   X           NO
                                        -----            -----



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<PAGE>


                          PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.

     The financial information set forth below is set forth in the September 30,
1996 Third Quarter Report of Silver Screen Partners IV, L.P. (the "Partnership")
filed herewith as Exhibit 20 and is incorporated herein by reference.

          Balance Sheets -- September 30, 1996 and December 31, 1995.

          Statements  of  Operations  -- For the  Three  and Nine  Months  ended
          September 30, 1996 and 1995.

          Statements of Partners'  Equity -- For the Nine Months ended September
          30, 1996 and the Year ended December 31, 1995.

          Statements  of Cash Flows -- For the Nine Months ended  September  30,
          1996 and 1995.

          Notes to Financial Statements.
          ------------------------------

     The financial  statements included herein are unaudited.  In the opinion of
the  management  of  the  Partnership,  all  adjustments  necessary  for a  fair
presentation of the results of operations have been included and all adjustments
are of a normal  recurring  nature.  The results of operations for the three and
nine months  ended  September  30, 1996 are not  necessarily  indicative  of the
results of operations which may be expected for the entire year.


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS.

     Results of Operations
     ---------------------

     Revenues  for the nine months and  quarter  ended  September  30, 1996 were
approximately  $78,573,000  and  $25,240,000,  respectively,  as  compared  with
approximately $9,414,000 and $965,000,  respectively, for the comparable periods
in 1995.  Revenues  for the first nine months and quarter of 1996  consisted  of
income from the Joint Venture of  approximately  $76,425,000 and $24,446,000 and
interest income of  approximately  $2,148,000 and $795,000,  while those for the
comparable  periods  in 1995  consisted  of  income  from the Joint  Venture  of
approximately  $7,456,000  and  $331,000 and  interest  income of  approximately
$1,958,000  and  $634,000.  Most of the  films in which the  Partnership  has an
interest have been released in the theatrical, home video and pay cable markets.
However,  income from the Joint Venture  increased by approximately  $68,696,000
due to Revenue Shortfall  payments for "Scenes From A Mall," "V.I.  Warshawski,"


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"One  Good  Cop,"  "The  Marrying  Man,"  "True   Identity,"   "Oscar,"   "Run,"
"Rocketeer," "Wild Hearts Can't Be Broken," "The Doctor" and lesser film revenue
amounts  from other films in the  portfolio.  Interest  rates for the first nine
months of 1996 ranged from 4.7% to 5.79%,  while those for the comparable period
in 1995 ranged from 5.1% to 5.9%. An increase in funds  available for investment
offset by decreased interest rates resulted in an increase in interest income of
approximately $190,000.

     Expenses for the nine months ended  September  30, 1996 were  approximately
$2,477,000 as compared with  approximately  $3,071,000 for the comparable period
in  1995.  The  decrease  in  expenses  is due to a lower  cost (a  decrease  of
$278,000) of the 10% per annum charged on the remaining  overhead fee payable, a
decrease in expenses  associated with the sale of the Partnership's  interest in
the Joint  Venture  of  approximately  $248,000,  a decrease  in audit  costs of
$48,000 and costs associated with reporting to partners and other  miscellaneous
expense reductions.

     The Partnership generated income before taxes of approximately  $76,096,000
for the nine months ended  September  30, 1996,  as compared  with net income of
approximately $6,343,000 for the comparable period in 1995.

     The Partnership  recorded $995,100 in  unincorporated  business tax in 1996
resulting in a net income of  approximately  $75,101,000.  On September 30, 1996
the   Partnership   received  an  assessment   from  New  York  City   regarding
unincorporated business tax covering all periods from inception through December
31, 1995 of $1,095,100  (including  interest).  This  liability was paid on that
date.  The  Unincorporated  Business  Tax  Expense  reflects  the excess of this
payment over an amount previously established as a contingency reserve.

     The Partnership has  commitments to thirty-three  films,  all of which have
been  completed and  released,  with total  budgets  amounting to  approximately
$599,000,000,  of which  substantially all has been expended.  The Joint Venture
Films are: "The Good Mother,"  released  November 4, 1988;  "Beaches,"  released
December 21, 1988; "Three Fugitives,"  released January 27, 1989;  "Disorganized
Crime,"  released  April 14, 1989;  "The Dead Poets  Society,"  released June 2,
1989;  "Turner and Hooch,"  released July 28, 1989;  "An Innocent Man," released
October 6, 1989;  "Gross  Anatomy,"  released  October  20,  1989;  "The  Little
Mermaid,"  released  November 15,  1989;  "Blaze,"  released  December 13, 1989;
"Where the Heart Is," released February 23, 1990; "Pretty Woman," released March
23, 1990;  "Ernest Goes to Jail,"  released  April 6, 1990;  "Spaced  Invaders,"
released  April  27,  1990;  "Dick  Tracy,"  released  June 15,  1990;  "Betsy's
Wedding," released June 22, 1990; "Taking Care of Business," released August 17,
1990; "Mr. Destiny," released October 12, 1990;  "Rescuers Down Under," released
November 16, 1990;  "White Fang,"  released  January 18, 1991;  "Run,"  released
February  1, 1991;  "Scenes  From A Mall,"  released  February  22,  1991;  "The
Marrying Man," released April 5, 1991;  "Oscar,"  released April 26, 1991;  "One
Good Cop," released May 3, 1991; "Wild Hearts Can't Be Broken," released May 24,
1991; "The Rocketeer,"  released June 21, 1991; "The Doctor,"  released July 24,
1991;  "V.I.  Warshawski,"  released July 26, 1991;  "True  Identity,"  released
August 23,  1991;  "Deceived,"  released  September  27,  1991;  "Beauty and the
Beast,"  released  November 15, 1991;  and "Blame it on the  Bellboy,"  released
February 28, 1992.



                                       3
<PAGE>



     During the quarter ended  September  30, 1996,  the  Partnership  made cash
distributions  to the Partners  which  amounted to $45,454,545 in the aggregate.
Although all of the Joint  Venture  Films have been  released,  the  Partnership
anticipates  that future  revenues will be derived from the sale of its interest
in the Joint Venture (see  Investment  in Joint Venture  below) and that it will
continue  to receive  revenues  and make  quarterly  cash  distributions  in the
future.  However,  revenues in upcoming  quarters may be insufficient to justify
making a cash distribution.


     Investment in Joint Venture
     ---------------------------

     The  investment  in the Joint  Venture was  accounted  for using the equity
method of  accounting.  Under the equity  method,  the  investment was initially
recorded  at cost,  and was  thereafter  increased  by  additional  investments,
adjusted by the Partnership's share of the Joint Venture's results of operations
and  reduced  by  distributions  received  from the  Joint  Venture.  The  Joint
Venture's  fiscal year ends  September 30, while the  Partnership's  fiscal year
ends December 31. The investment in the Joint Venture on January 1, 1996 totaled
$95,691,312.

     The Partnership  entered into a Letter  Agreement (the "Buyout  Agreement")
with Disney dated  September 11, 1995 providing for the sale to Disney of all of
the Partnership's  interest in the Joint Venture.  The Buyout Agreement provides
for the  payment of the  purchase  price of  $330,000,000,  in cash  (subject to
certain  adjustments with respect to revenues  received from the exploitation of
animated  films.)  Closing is scheduled to occur on November 30, 1998 subject to
satisfaction of certain customary conditions. In addition to the purchase price,
the Buyout  Agreement  provides  that Buena Vista  Pictures  Distribution,  Inc.
("BV") will continue to account for and make payments to the Joint  Venture,  as
required by the Distribution  Agreement for all revenues  received by BV through
April 30, 1998.

     As a result  of the  Buyout  Agreement  the  Partnership  is using the cost
method  of  accounting   starting  January  1,  1996.  Under  the  cost  method,
distributions  received are recognized as income and investments will be reduced
in proportion that actual cash received bears to ultimate revenues expended.


     Liquidity and Capital Resources
     -------------------------------

     Inasmuch as the funding  obligations of the Partnership with respect to the
financing of the Joint Venture  Films have been fully  complied with or reserved
against,  the Partnership has no material  commitments for capital  expenditures
and does not intend to enter into any such commitments.  Receipts from temporary
investments and from the Joint Venture,  less reserves established as determined
by  the  Managing  General  Partner,  are  the  sources  of  liquidity  for  the
Partnership.  The Partnership has no material  requirements  for liquidity other
than its general and  administrative  expenses and  quarterly  distributions  to
holders of Units of limited partnership  interests.  Such sources are considered
adequate for such needs.



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<PAGE>


ITEM 3.  SELECTED FINANCIAL DATA.

<TABLE>
<CAPTION>

                                            SILVER SCREEN PARTNERS IV, L.P.
                                            --------------------------------

                                Three Months     Nine Months     Three Months     Nine Months
                                       Ended           Ended            Ended           Ended
                              Sept. 30, 1996  Sept. 30, 1996   Sept. 30, 1995  Sept. 30, 1995
                              --------------  ---------------  --------------  --------------
<S>                            <C>            <C>            <C>             <C>          
Revenues:
  Income from Joint Venture
  Interest income .........    $24,445,771    $76,425,463    $   330,902     $   7,456,008
                                   794,533      2,147,965        633,755         1,958,454
                               -----------    -----------    -----------     -------------
                               $24,240,304    $78,573,428    $   964,657     $   9,414,462
Costs and Expenses:
  General and
   administrative
   expenses ...............        780,408      2,477,084        974,408         3,071,088
                               -----------    -----------    -----------     -------------

  Income before taxes .....     24,459,899     76,096,344         (9,751)        6,343,374
  Unincorporated           
   business tax ...........        995,100        995,100           --                --   
                               -----------    -----------    -----------     -------------

Net income (loss) .........    $23,464,799    $75,101,244        $(9,751)    $   6,343,374
                               ===========    ===========    ===========     =============

Net income (loss) per
  $500 limited partnership
  unit (based on 800,000
  Units outstanding) ......    $     26.40    $     90.30    $     (0.01)    $        7.85
                               ===========    ===========    ===========     =============

Cash distribution
  per $500 limited
  partnership unit ........    $     15.00    $     97.50    $     15.00     $       60.00
                               ===========    ===========    ===========     =============

                                                               
                                           Sept. 30, 1996                   Sept. 30, 1995
                                           --------------                   --------------
                                                               
Total assets ..............                  $129,373,174                     $149,744,019
                                            =============                    =============
                                                                
</TABLE>                                                      



                       See notes to financial statements.


                                       5
<PAGE>


                           PART II. OTHER INFORMATION


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

               (a)  Exhibits:

                    Exhibit 20 -- 1996 Third Quarter Report

               (b)  The  Partnership did not file any reports on Form 8-K during
                    the quarter ended September 30, 1996.




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<PAGE>





                                   SIGNATURES


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


                                  SILVER  SCREEN  PARTNERS IV,  L.P.,
                                  a Delaware limited partnership

                                   By: Silver Screen Management Services,  Inc.,
                                       Managing General Partner


Date:  November 13, 1996            By: /s/ Roland W. Betts
                                       --------------------------------
                                       Roland W. Betts, President



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