<ARTICLE> 5 <CIK> 0000825851 <NAME> WELLESLEY LSE INCOME PARTNERSHIP IV FDS 6/30/96 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 143,305 <SECURITIES> 4,097 <RECEIVABLES> 125,999 <ALLOWANCES> 45,989 <INVENTORY> 0 <CURRENT-ASSETS> 227,412 <PP&E> 5,914,285 <DEPRECIATION> 4,505,539 <TOTAL-ASSETS> 1,636,158 <CURRENT-LIABILITIES> 366,890 <BONDS> 1,003,392 <COMMON> 12,149,459 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (11,883,583) <TOTAL-LIABILITY-AND-EQUITY> 1,636,158 <SALES> 832,863 <TOTAL-REVENUES> 838,839 <CGS> 0 <TOTAL-COSTS> 64,957 <OTHER-EXPENSES> 761,424 <LOSS-PROVISION> 6,194 <INTEREST-EXPENSE> 46,203 <INCOME-PRETAX> (39,939) <INCOME-TAX> 0 <INCOME-CONTINUING> (39,939) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (39,939) <EPS-PRIMARY> (1.57) <EPS-DILUTED> 0