<ARTICLE> 5 <CIK> 0000825851 <NAME> WELLESLEY LEASE INCOME LIMITED PARTNERSHIP IV FDS 9/30/97 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 215,198 <SECURITIES> 0 <RECEIVABLES> 70,512 <ALLOWANCES> 26,134 <INVENTORY> 0 <CURRENT-ASSETS> 300,843 <PP&E> 3,331,637 <DEPRECIATION> 2,591,455 <TOTAL-ASSETS> 1,041,025 <CURRENT-LIABILITIES> 71,279 <BONDS> 348,801 <PREFERRED-MANDATORY> 12,149,459 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (11,528,514) <TOTAL-LIABILITY-AND-EQUITY> 1,041,025 <SALES> 833,123 <TOTAL-REVENUES> 974,655 <CGS> 0 <TOTAL-COSTS> 52,188 <OTHER-EXPENSES> 514,466 <LOSS-PROVISION> (36,729) <INTEREST-EXPENSE> 29,920 <INCOME-PRETAX> 414,810 <INCOME-TAX> 0 <INCOME-CONTINUING> 414,810 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 414,810 <EPS-PRIMARY> 14.60 <EPS-DILUTED> 0