<ARTICLE> 5 <CIK> 0000825851 <NAME> WELLESLEY LEASE INCOME LTD PARTNERSHIP IV FDS 3/31/98 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 90,208 <SECURITIES> 0 <RECEIVABLES> 52,208 <ALLOWANCES> 30,821 <INVENTORY> 0 <CURRENT-ASSETS> 141,874 <PP&E> 2,964,287 <DEPRECIATION> 2,463,295 <TOTAL-ASSETS> 642,866 <CURRENT-LIABILITIES> 73,654 <BONDS> 202,425 <COMMON> 12,149,459 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (11,782,672) <TOTAL-LIABILITY-AND-EQUITY> 642,866 <SALES> 168,945 <TOTAL-REVENUES> 172,212 <CGS> 0 <TOTAL-COSTS> 12,756 <OTHER-EXPENSES> 168,430 <LOSS-PROVISION> 4,836 <INTEREST-EXPENSE> 5,455 <INCOME-PRETAX> (19,265) <INCOME-TAX> 0 <INCOME-CONTINUING> (19,265) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (19,265) <EPS-PRIMARY> (0.71) <EPS-DILUTED> 0