<ARTICLE> 5 <LEGEND> (Replace this text with the legend) </LEGEND> <CIK> 0000225775 <NAME> Public Storage Properties IV, Ltd. <MULTIPLIER> 1 <CURRENCY> US <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-START> Jan-01-1998 <PERIOD-END> Mar-31-1998 <EXCHANGE-RATE> 1 <CASH> 2,630,000 <SECURITIES> 11,793,000 <RECEIVABLES> 160,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 14,707,000 <PP&E> 21,307,000 <DEPRECIATION> (11,128,000) <TOTAL-ASSETS> 24,886,000 <CURRENT-LIABILITIES> 395,000 <BONDS> 25,156,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (665,000) <TOTAL-LIABILITY-AND-EQUITY> 24,886,000 <SALES> 0 <TOTAL-REVENUES> 2,224,000 <CGS> 0 <TOTAL-COSTS> 649,000 <OTHER-EXPENSES> 245,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 686,000 <INCOME-PRETAX> 644,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 644,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 644,000 <EPS-PRIMARY> 15.90 <EPS-DILUTED> 15.90