<ARTICLE> 5 <CIK> 0000825851 <NAME> WELLESLEY LEASE INCOME LIMITED PARTNERSHIP IV FDS 3/31/99 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 35,774 <SECURITIES> 0 <RECEIVABLES> 20,266 <ALLOWANCES> 1,200 <INVENTORY> 0 <CURRENT-ASSETS> 63,746 <PP&E> 1,388,564 <DEPRECIATION> 1,203,272 <TOTAL-ASSETS> 249,038 <CURRENT-LIABILITIES> 47,414 <BONDS> 49,951 <PREFERRED-MANDATORY> 12,149,459 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (11,997,786) <TOTAL-LIABILITY-AND-EQUITY> 249,038 <SALES> 45,805 <TOTAL-REVENUES> 49,602 <CGS> 0 <TOTAL-COSTS> 4,626 <OTHER-EXPENSES> 114,752 <LOSS-PROVISION> (3,052) <INTEREST-EXPENSE> 931 <INCOME-PRETAX> (67,655) <INCOME-TAX> 0 <INCOME-CONTINUING> (67,655) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (67,655) <EPS-PRIMARY> (2.68) <EPS-DILUTED> 0