SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON, DC  20549

                _________________________________________


ForM 8-K


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



      Date of report (Date of earliest event reported): June 17,
1996



                        TL LEASE FUNDING CORP. IV
            (Exact Name of Registrant as Specified in Charter)




     Delaware
(State or Other Jurisdiction
of Incorporation)


The Corporation Trust Company
1209 Orange Street
Wilmington, Delaware
(Address of Principal Executive
Offices)
  33-95108
(Commission
File  Number)
     51-0366091
     (IRS Employer
     Identification
     Number)


                                     

                                  19801
                               (Zip Code)

Registrant's telephone number,including area code:(302) 658-7851
Page 1 of 8 sequentially-numbered pages.
Exhibit Index appears on page 4.

Item 5.   Other Events

Attached hereto as Exhibit 99.1 is the Monthly Statement for
May 1996 with respect to TLFC IV Equipment Lease Trust 1995-1,
a Delaware business trust (the "Trust"), which isssued
$89,658,869 aggregate principal amount of its Class A 6.40%
Equipment Lease Backed Notes and $10,802,273 aggregate 
principal amount of its Class B 7.55% Equipment Lease Backed
Notes pursuant to an Indenture, dated as of October 6,
1995, between the Trust and Manufacturers and Traders Trust 
Company, as indenture trustee.


Item 7.   Financial Statements, Pro Forma Financial
          Information and Exhibits.

(a)  Not applicable

(b)  Not applicable

(c)  Exhibits:

99.1 Monthly Statement for April 1996 with respect to TLFC IV
Equipment Lease Trust 1995-1.

                                SIGNATURES



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


                         TL LEASE FUNDING CORP. IV


                         By: /s/ Norman Smagley         
                                 Name:  Norman Smagley
                                 Title:  Vice President


Dated:June 13, 1996

                              EXHIBIT INDEX

Exhibit No.    Description                         Page No.5

   99.1        Monthly Statement for May 1996 with respect to
          TLFC IV Equipment Lease Trust 1995-1