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 March 31, 2002
   --------------------------------------------------------------------------

                                       OR

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

For the transition period from ____________________ to________________________


                             Commission file number
                                     0-17549
                     ---------------------------------------


                            CNL Income Fund IV, Ltd.
------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Florida                                       59-2854435
--------------------------------              --------------------------------
(State or other jurisdiction of                       (I.R.S. Employer
incorporation or organization)                       Identification No.)


  450 South Orange Avenue
      Orlando, Florida                                     32801
--------------------------------              --------------------------------
(Address of principal executive offices)                (Zip Code)


Registrant's telephone number
(including area code)                                (407) 540-2000
                                              --------------------------------


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by  Sections  13 or 15(d)  of the  Securities  Exchange  Act of 1934
during the preceding 12 months (or for such shorter  period that the  registrant
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days. Yes X No _____




<PAGE>


                                    CONTENTS




                                                                        Page
Part I.

     Item 1. Financial Statements:

                 Condensed Balance Sheets                                 1

                 Condensed Statements of Income                           2

                 Condensed Statements of Partners' Capital                3

                 Condensed Statements of Cash Flows                       4

                 Notes to Condensed Financial Statements                  5-6

     Item 2. Management's Discussion and Analysis of Financial
                 Condition and Results of Operations                      7-10

     Item 3. Quantitative and Qualitative Disclosures About
                 Market Risk                                              10

Part II.

     Other Information                                                    11-12





<PAGE>



                            CNL INCOME FUND IV, LTD.
                         (A Florida Limited Partnership)
                            CONDENSED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                            March 31,               December 31,
                                                              2002                      2001
                                                        ------------------       -------------------

 <c>
                             ASSETS

Land and buildings on operating leases, net                  $ 11,029,644              $ 11,106,349
Net investment in direct financing leases                         315,861                   323,935
Investment in joint ventures                                    3,027,727                 3,108,042
Cash and cash equivalents                                         631,160                   645,220
Receivables                                                        34,933                    51,516
Due from related parties                                              471                     4,574
Accrued rental income                                             275,270                   269,464
Other assets                                                       34,091                    33,675
                                                        ------------------       -------------------

                                                             $ 15,349,157              $ 15,542,775
                                                        ==================       ===================

               LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and accrued expenses                          $   15,312                $   10,252
Real estate taxes payable                                          44,774                    48,654
Distributions payable                                             523,947                   523,947
Due to related parties                                            204,073                   189,985
Rents paid in advance and deposits                                 32,725                    33,068
                                                        ------------------       -------------------
    Total liabilities                                             820,831                   805,906

Partners' capital                                              14,528,326                14,736,869
                                                        ------------------       -------------------

                                                             $ 15,349,157              $ 15,542,775
                                                        ==================       ===================

</TABLE>
           See accompanying notes to condensed financial statements.

<PAGE>


                            CNL INCOME FUND IV, LTD.
                         (A Florida Limited Partnership)
                         CONDENSED STATEMENTS OF INCOME
<TABLE>
<CAPTION>
                                                                           Quarter Ended
                                                                             March 31,
                                                                     2002                 2001
                                                                ---------------      ---------------

 <c>
Revenues:
    Rental income from operating leases                              $ 371,224            $ 375,447
    Earned income from direct financing leases                           8,400                8,907
    Contingent rental income                                            24,103               11,164
    Interest and other income                                            2,175               67,311
                                                                ---------------      ---------------
                                                                       405,902              462,829
                                                                ---------------      ---------------

Expenses:
    General operating and administrative                                60,339               91,602
    Provision for doubtful accounts                                         --                9,868
    Professional services                                               14,522               19,357
    Real estate taxes                                                      628                3,897
    State and other taxes                                                9,370               24,805
    Depreciation and amortization                                       77,562               84,679
                                                                ---------------      ---------------
                                                                       162,421              234,208
                                                                ---------------      ---------------

Income Before Equity in Earnings of Joint Ventures                     243,481              228,621

Equity in Earnings of Joint Ventures                                    71,923               73,501
                                                                ---------------      ---------------

Net Income                                                           $ 315,404            $ 302,122
                                                                ===============      ===============

Net Income per Limited Partner Unit                                   $   5.26             $   5.04
                                                                ===============      ===============

Weighted Average Number of Limited Partner
    Units Outstanding                                                   60,000               60,000
                                                                ===============      ===============
</TABLE>

           See accompanying notes to condensed financial statements.



<PAGE>


                            CNL INCOME FUND IV, LTD.
                         (A Florida Limited Partnership)
                    CONDENSED STATEMENTS OF PARTNERS' CAPITAL

<TABLE>
<CAPTION>
                                                        Quarter Ended           Year Ended
                                                          March 31,            December 31,
                                                             2002                  2001
                                                      -------------------    ------------------

 <c>
General partners:
    Beginning balance                                        $   787,351            $  787,351
    Net income                                                        --                    --
                                                      -------------------    ------------------
                                                                 787,351               787,351
                                                      -------------------    ------------------

Limited partners:
    Beginning balance                                         13,949,518            16,008,318
    Net income                                                   315,404             1,089,094
    Distributions ($8.73 and $52.46 per
       limited partner unit, respectively)                      (523,947 )          (3,147,894 )
                                                      -------------------    ------------------
                                                              13,740,975            13,949,518
                                                      -------------------    ------------------

Total partners' capital                                     $ 14,528,326          $ 14,736,869
                                                      ===================    ==================
</TABLE>
            See accompanying noes to condensed financial statements.



<PAGE>


                            CNL INCOME FUND IV, LTD.
                         (A Florida Limited Partnership)
                       CONDENSED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                         Quarter Ended
                                                                           March 31,
                                                                    2002               2001
                                                                --------------    ---------------

 <c>
Increase (Decrease) in Cash and Cash Equivalents

    Net Cash Provided by Operating Activities                       $ 467,903          $ 434,899
                                                                --------------    ---------------

    Cash Flows from Investing Activities:
       Liquidating distribution from joint venture                     41,984                 --
       Payment of lease costs                                              --            (21,250 )
                                                                --------------    ---------------
              Net cash used in investing activities                    41,984            (21,250 )
                                                                --------------    ---------------

    Cash Flows from Financing Activities:
       Distributions to limited partners                             (523,947 )         (525,000 )
                                                                --------------    ---------------
              Net cash used in financing activities                  (523,947 )         (525,000 )
                                                                --------------    ---------------

Net Decrease in Cash and Cash Equivalents                             (14,060 )         (111,351 )

Cash and Cash Equivalents at Beginning of Quarter                     645,220          1,366,871
                                                                --------------    ---------------

Cash and Cash Equivalents at End of Quarter                         $ 631,160         $1,255,520
                                                                ==============    ===============

Supplemental Schedule of Non-Cash Financing
    Activities:

       Distributions declared and unpaid at end
          of quarter                                                $ 523,947          $ 975,000
                                                                ==============    ===============

</TABLE>

           See accompanying notes to condensed financial statements.


<PAGE>

                            CNL INCOME FUND IV, LTD.
                         (A Florida Limited Partnership)
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                     Quarters Ended March 31, 2002 and 2001


1.       Basis of Presentation:
         ---------------------

         The accompanying  unaudited  condensed  financial  statements have been
         prepared in accordance  with the  instructions  to Form 10-Q and do not
         include  all  of the  information  and  note  disclosures  required  by
         generally  accepted  accounting  principles.  The financial  statements
         reflect all adjustments,  consisting of normal  recurring  adjustments,
         which are, in the opinion of management,  necessary to a fair statement
         of the results for the interim periods presented. Operating results for
         the quarter ended March 31, 2002,  may not be indicative of the results
         that may be expected for the year ending December 31, 2002.  Amounts as
         of December 31, 2001, included in the financial  statements,  have been
         derived from audited financial statements as of that date.

         These unaudited financial statements should be read in conjunction with
         the financial statements and notes thereto included in Form 10-K of CNL
         Income Fund IV, Ltd. (the  "Partnership")  for the year ended  December
         31, 2001.

         Effective  January  1,  2002,  the  Partnership  adopted  Statement  of
         Financial  Accounting  Standards No. 144 "Accounting for the Impairment
         or Disposal of  Long-Lived  Assets."  This  statement  requires  that a
         long-lived  asset be  tested  for  recoverability  whenever  events  or
         changes in  circumstances  indicate that its carrying amount may not be
         recoverable.   The  carrying  amount  of  a  long-lived  asset  is  not
         recoverable  if it  exceeds  the  sum of the  undiscounted  cash  flows
         expected to result from the use and eventual  disposition of the asset.
         The assessment is based on the carrying amount of the asset at the date
         it is tested for recoverability.  An impairment loss is recognized when
         the carrying amount of a long-lived asset exceeds its fair value. If an
         impairment is recognized,  the adjusted carrying amount of a long-lived
         asset is its new cost  basis.  The  statement  also  requires  that the
         results of  operations of a component of an entity that either has been
         disposed  of or is  classified  as  held  for  sale  be  reported  as a
         discontinued   operation  if  the  disposal   activity  was   initiated
         subsequent to the adoption of the Standard.

2.       Investment in Joint Ventures:
        -----------------------------

         In January 2002,  Titusville  Joint Venture,  in which the  Partnership
         owned a 26.6%  interest,  sold its property to an unrelated third party
         for $180,000 and received net sales proceeds of approximately  $165,600
         resulting in a gain of approximately  $4,900 to the joint venture.  The
         Partnership and the joint venture  partner  dissolved the joint venture
         in  accordance  with the joint venture  agreement  and the  Partnership
         received  approximately  $42,000 representing its pro rata share of the
         joint venture's liquidating distribution.  No gain or loss was recorded
         relating to the dissolution of the joint venture.


<PAGE>


                            CNL INCOME FUND IV, LTD.
                         (A Florida Limited Partnership)
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                     Quarters Ended March 31, 2002 and 2001


2.       Investment in Joint Ventures - Continued:
         ----------------------------------------

         The  following  presents  the  joint  ventures'   combined,   condensed
         financial information at:
<TABLE>
<CAPTION>
                                                                March 31,          December 31,
                                                                  2002                 2001
                                                            ------------------   ------------------

 <c>
             Land and buildings on operating
                  leases, net                                     $ 4,483,305          $ 4,672,053
             Net investment in direct financing
                  lease                                               339,284              343,619
             Cash                                                      29,066               24,547
             Receivables                                                1,261               23,086
             Accrued rental income, less
                  allowance for doubtful accounts                     160,155              161,143
             Other assets                                               2,087                3,111
             Liabilities                                               14,096               21,941
             Partners' capital                                      5,001,062            5,205,618



                                                                   Quarter Ended March 31,
                                                                  2002                 2001
                                                            ------------------   ------------------

             Revenues                                              $  148,903           $  152,531
             Expenses                                                  31,027               36,055
             Net income                                               117,876              116,476
</TABLE>


         The Partnership  recognized income totaling $71,923 and $73,501 for the
         quarters ended March 31, 2002 and 2001, respectively,  from these joint
         ventures.



<PAGE>


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

         CNL Income  Fund IV,  Ltd.  (the  "Partnership")  is a Florida  limited
partnership that was organized on November 18, 1987, to acquire for cash, either
directly or through  joint  venture  arrangements,  both newly  constructed  and
existing restaurant  properties,  as well as land upon which restaurants were to
be constructed, which are leased primarily to operators of national and regional
fast-food and family-style  restaurant chains (collectively,  the "Properties").
The leases generally are triple-net leases, with the lessees responsible for all
repairs and maintenance,  property taxes,  insurance and utilities.  As of March
31, 2002, the  Partnership  owned 31 Properties,  either directly or indirectly,
through joint venture or tenancy in common arrangements.

Capital Resources

         The  Partnership's  primary  source of capital is cash from  operations
(which includes cash received from tenants,  distributions  from joint ventures,
and interest and other income received, less cash paid for expenses).  Cash from
operations  was $467,903 and $434,899,  during the quarters ended March 31, 2002
and 2001,  respectively.  The increase in cash from  operations  for the quarter
ended  March 31,  2002 was  primarily  a result of changes in the  Partnership's
working  capital and changes in income and  expenses as described in "Results of
Operations" below.

         Other  sources and uses of capital  included the  following  during the
quarter ended March 31, 2002.

         In January 2002,  Titusville  Joint Venture,  in which the  Partnership
owned a 26.6%  interest,  sold its  Property  to an  unrelated  third  party for
$180,000 and received net sales proceeds of approximately  $165,600 resulting in
a gain of  approximately  $4,900 to the joint venture.  The  Partnership and the
joint venture  partner  dissolved the joint venture in accordance with the joint
venture   agreement  and  the   Partnership   received   approximately   $42,000
representing its pro rata share of the joint venture's liquidating distribution.
No gain or loss was recorded  relating to the  dissolution of the joint venture.
The Partnership used the majority of the liquidation proceeds to pay liabilities
of the Partnership.

         Currently,  rental income from the Partnership's Properties is invested
in money market accounts or other short-term,  highly liquid investments such as
demand  deposit  accounts  at  commercial  banks,   money  market  accounts  and
certificates  of deposit  with less than a 90-day  maturity  date,  pending  the
Partnership's  use  of  such  funds  to  pay  Partnership  expenses  or to  make
distributions  to the partners.  At March 31, 2002, the Partnership had $631,160
invested in such short-term investments, as compared to $645,220 at December 31,
2001. The funds remaining at March 31, 2002,  will be used to pay  distributions
and other liabilities of the Partnership.



<PAGE>


Short-Term Liquidity

         The Partnership's  short-term liquidity  requirements consist primarily
of the operating expenses of the Partnership.

         The Partnership's  investment strategy of acquiring Properties for cash
and  leasing  them under  triple-net  leases to  operators  who  generally  meet
specified financial  standards  minimizes the Partnership's  operating expenses.
The general partners believe that the leases will continue to generate cash flow
in excess of operating expenses.

         The general  partners have the right,  but not the obligation,  to make
additional capital  contributions if they deem it appropriate in connection with
the operations of the Partnership.

         The Partnership  generally  distributes cash from operations  remaining
after the payment of operating  expenses of the  Partnership,  to the extent the
general partners determine that such funds are available for distribution. Based
on current and anticipated future cash from operations and for the quarter ended
March 31, 2002, the liquidating  distributions  received from  Titusville  Joint
Venture,  and for the quarter  ended March 31, 2001,  the net proceeds  from the
2000  sale  of  the  Property  in  Topeka,   Kansas,  the  Partnership  declared
distributions  to limited  partners of $523,947  and  $975,000  for the quarters
ended March 31, 2002 and 2001,  respectively.  This represents  distributions of
$8.73 and  $16.25  per unit for the  quarters  ended  March  31,  2002 and 2001,
respectively.  Distributions  for the quarter  ended March 31, 2001,  included a
special  distribution of $450,000,  as a result of the distribution of net sales
proceeds  from the 2000 sale of the  Property in Topeka,  Kansas.  This  special
distribution  was  effectively  a return of a portion  of the  limited  partners
investment,  although,  in accordance  with the  Partnership  agreement,  it was
applied towards the limited  partners' unpaid preferred  return.  As a result of
the sales of two  Properties  in 2001,  the  Partnership's  total  revenues were
reduced,  while the majority of the  Partnership's  operating  expenses remained
fixed. No distributions were made to the general partners for the quarters ended
March 31, 2002 and 2001. No amounts  distributed to the limited partners for the
quarters  ended March 31, 2002 and 2001 are  required to be or have been treated
by the  Partnership  as a return of capital  for  purposes  of  calculating  the
limited   partners'  return  on  their  adjusted  capital   contributions.   The
Partnership  intends to continue to make  distributions  of cash  available  for
distribution to the limited partners on a quarterly basis.

         Total liabilities of the Partnership,  including distributions payable,
increased  to $820,831 at March 31,  2002,  from  $805,906 at December 31, 2001,
primarily as a result of an increase in amounts due to related  parties at March
31, 2002.  Total  liabilities  at March 31, 2002, to the extent they exceed cash
and cash  equivalents  at March 31,  2002,  will be paid from  future  cash from
operations,  and, in the event the  general  partners  elect to make  additional
contributions, from general partners' contributions.

Long-Term Liquidity

         The  Partnership  has no long-term  debt or other  long-term  liquidity
requirements.



<PAGE>


Results of Operations

         During the quarter  ended March 31,  2001,  the  Partnership  owned and
leased 26 wholly owned  Properties  (including  two  Properties  which were sold
during 2001) and during the quarter ended March 31, 2002, the Partnership  owned
and leased 24 wholly owned Properties to operators of fast-food and family-style
restaurant chains. In connection therewith,  during the quarters ended March 31,
2002 and 2001, the Partnership  earned $379,624 and $384,354,  respectively,  in
rental  income from  operating  leases and earned  income from direct  financing
leases from these  Properties.  The decrease in rental and earned  income during
the quarter  ended March 31,  2002,  as compared to the quarter  ended March 31,
2001,  was  partially  attributable  to the sale of the  Properties in Palm Bay,
Florida and Corpus  Christi,  Texas during 2001.  During 2001,  the  Partnership
distributed  a  portion  of the net  sales  proceeds  from  the  sale  of  these
Properties  to the limited  partners.  Rental and earned  income are expected to
remain at reduced  amounts as a result of the Partnership  distributing  the net
sales proceeds from the 2001 sales of Properties to the limited partners.

         Rental and earned income also decreased  during the quarter ended March
31, 2002 due to the fact that the Partnership  entered into a new lease relating
to the  Property in  Streator,  Illinois.  The former  lease for the Property in
Streator,  Illinois,  which  was  scheduled  to  expire in  December  2002,  was
terminated  by the  Partnership  and the tenant  during  2001.  The  Partnership
re-leased this Property to a new tenant. Rents due under the new lease are lower
than rents due under the previous lease; therefore, the Partnership expects that
rental income in future  periods will remain at reduced  amounts.  However,  the
general  partners do not anticipate  that the decrease in rental income relating
to the new  lease  will have a  material  adverse  affect  on the  Partnership's
financial position or results of operations.

         The  decrease in rental and earned  rental  income,  during the quarter
ended March 31, 2002,  was partially  offset by an increase in rental and earned
income as a result of the  Partnership  re-leasing  the  Property  in  Richmond,
Virginia in 2001. This Property was vacant during the first quarter of 2001.

         For the quarters  ended March 31, 2002 and 2001, the  Partnership  also
earned $24,103 and $11,164,  respectively,  in contingent rental income from the
Partnership's  Properties.  The increase in contingent  rental income during the
quarter  ended March 31, 2002,  as compared to the quarter  ended March 31, 2001
was primarily  attributable to an increase in gross sales for certain restaurant
Properties whose leases require the payment of contingent rental income.

         During the quarters ended March 31, 2002 and 2001, the Partnership also
earned $2,175 and $67,311,  respectively, in interest and other income. Interest
and other income during the quarter ended March 31, 2001,  was higher  primarily
due to  interest  earned on the net  sales  proceeds  received  from the sale of
Properties,  pending distribution to the limited partners, as described above in
"Short-Term Liquidity."

         Operating  expenses,  including  depreciation  and  amortization,  were
$162,421  and  $234,208  for  the  quarters  ended  March  31,  2002  and  2001,
respectively.  The decrease in operating expenses during the quarter ended March
31,  2002,  as compared  to the quarter  ended  March 31,  2001,  was  partially
attributable to a decrease in the costs incurred for administrative expenses for
servicing the  Partnership  and its  Properties.  In addition,  state taxes were
higher during the quarter ended March 31, 2001, as compared to the quarter ended
March 31, 2002, due to the fact that the Partnership  incurred  additional taxes
on approximately one million dollars in gains on the sale of Properties.

         During the quarter  ended March 31, 2001,  the  Partnership  recorded a
provision for doubtful  accounts for past due rental amounts relating to the Big
Boy's Property  located in Topeka,  Kansas,  due to financial  difficulties  the
tenant was experiencing. No such provision was recorded during the quarter ended
March 31, 2002.

         Effective  January  1,  2002,  the  Partnership  adopted  Statement  of
Financial  Accounting  Standards  No.  144  "Accounting  for the  Impairment  or
Disposal of Long-Lived  Assets." This statement requires that a long-lived asset
be tested  for  recoverability  whenever  events  or  changes  in  circumstances
indicate that its carrying amount may not be recoverable. The carrying amount of
a long-lived  asset is not recoverable if it exceeds the sum of the undiscounted
cash flows  expected  to result  from the use and  eventual  disposition  of the
asset.  The assessment is based on the carrying  amount of the asset at the date
it is tested for  recoverability.  An  impairment  loss is  recognized  when the
carrying  amount of a long-lived  asset exceeds its fair value. If an impairment
is recognized,  the adjusted  carrying  amount of a long-lived  asset is its new
cost basis.  The  statement  also  requires  that the results of operations of a
component of an entity that either has been disposed of or is classified as held
for sale be reported as a  discontinued  operation if the disposal  activity was
initiated subsequent to the adoption of the Standard.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         Not applicable.



<PAGE>


                           PART II. OTHER INFORMATION



Item 1.       Legal Proceedings.   Inapplicable.
              -----------------

Item 2.       Changes in Securities.  Inapplicable.
              ---------------------

Item 3.       Defaults upon Senior Securities.  Inapplicable.
              -------------------------------

Item 4.       Submission of Matters to a Vote of Security Holders. Inapplicable.
              ---------------------------------------------------

Item 5.       Other Information.  Inapplicable.
              -----------------

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

              (a)  Exhibits

                   3.1     Certificate of Limited Partnership of CNL Income Fund
                           IV, Ltd.  (Included as Exhibit 3.1 in Amendment No. 1
                           to  Registration  Statement No. 33-20249 on Form S-11
                           and incorporated herein by reference.)

                   3.2     Amended and Restated  Agreement  and  Certificate  of
                           Limited  Partnership  of CNL  Income  Fund  IV,  Ltd.
                           (Included  as Exhibit 3.2 to Form 10-K filed with the
                           Securities and Exchange Commission on March 31, 1994,
                           and incorporated herein by reference.)

                   4.1     Certificate of Limited Partnership of CNL Income Fund
                           IV, Ltd.  (Included as Exhibit 3.1 in Amendment No. 1
                           to  Registration  Statement No. 33-20249 on Form S-11
                           and incorporated herein by reference.)

                   4.2     Amended and Restated  Agreement  and  Certificate  of
                           Limited  Partnership  of CNL  Income  Fund  IV,  Ltd.
                           (Included  as Exhibit 3.2 to Form 10-K filed with the
                           Securities and Exchange Commission on March 31, 1994,
                           and incorporated herein by reference.)

                   10.1    Property  Management  Agreement  (Included as Exhibit
                           10.1 to Form  10-K  filed  with  the  Securities  and
                           Exchange   Commission   on  March   31,   1994,   and
                           incorporated herein by reference.)

                   10.2    Assignment of Property Management  Agreement from CNL
                           Investment Company to CNL Income Fund Advisors,  Inc.
                           (Included as Exhibit 10.2 to Form 10-K filed with the
                           Securities and Exchange Commission on March 30, 1995,
                           and incorporated herein by reference.)

                   10.3    Assignment of Property Management  Agreement from CNL
                           Income Fund Advisors, Inc. to CNL Fund Advisors, Inc.
                           (Included as Exhibit 10.3 to Form 10-K filed with the
                           Securities and Exchange  Commission on April 1, 1996,
                           and incorporated herein by reference.)

                   10.4    Assignment  of  Management  Agreement  from  CNL Fund
                           Advisors,  Inc. to CNL APF Partners, LP. (Included as
                           Exhibit  10.4 to Form 10-Q filed with the  Securities
                           and  Exchange  Commission  on  August  9,  2001,  and
                           incorporated herein by reference.)

              (b)  Reports on Form 8-K

                           No reports on Form 8-K were filed  during the quarter
                           ended March 31, 2002.




<PAGE>




                                   SIGNATURES


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

         DATED this 8th day of May, 2002.


                                            CNL INCOME FUND IV, LTD.

                                            By: CNL REALTY CORPORATION
                                                General Partner


                                                By:/s/ James M. Seneff, Jr.
                                                   ----------------------------
                                                   JAMES M. SENEFF, JR.
                                                   Chief Executive Officer
                                                   (Principal Executive Officer)


                                                By:/s/ Robert A. Bourne
                                                   ---------------------------
                                                   ROBERT A. BOURNE
                                                   President and Treasurer
                                                   (Principal Financial and
                                                   Accounting Officer)