<ARTICLE> 5 <CIK> 0000825851 <NAME> WELLESLEY LEASE INCOME LIMITED PARTNERSHIP IV FDS 12/31/96 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 36,022 <SECURITIES> 600 <RECEIVABLES> 134,605 <ALLOWANCES> 62,863 <INVENTORY> 0 <CURRENT-ASSETS> 108,364 <PP&E> 5,084,339 <DEPRECIATION> 3,807,667 <TOTAL-ASSETS> 1,385,036 <CURRENT-LIABILITIES> 202,030 <BONDS> 591,174 <PREFERRED-MANDATORY> 12,149,459 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (11,557,627) <TOTAL-LIABILITY-AND-EQUITY> 1,385,036 <SALES> 1,617,165 <TOTAL-REVENUES> 1,650,739 <CGS> 0 <TOTAL-COSTS> 123,488 <OTHER-EXPENSES> 957,914 <LOSS-PROVISION> 23,068 <INTEREST-EXPENSE> 82,349 <INCOME-PRETAX> 463,920 <INCOME-TAX> 0 <INCOME-CONTINUING> 463,920 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 463,920 <EPS-PRIMARY> 12.12 <EPS-DILUTED> 0