Exhibit (a)(4)

          MCNEIL PARTNERS TERMINATES ICAHN DISCUSSIONS;
          MCNEIL CONTEMPLATING MAKING HIGHER OFFERS;
          FEW UNITS TENDERED TO ICAHN AFTER SIX WEEKS

                    McNeil Partners, L.P. announced today that it
          has terminated settlement discussions with Carl. C. Icahn
          and High River Limited Partnership regarding unsolicited
          tender offers for ten California Limited Partnerships
          controlled by McNeil Partners.  McNeil Partners is
          presently contemplating tender offers for Units of
          limited partnership interests of the Partnerships at
          prices higher than offered by Mr. Icahn.  As of September
          15, 1995, approximately six weeks after the offers were
          commenced by Mr. Icahn, an average of approximately 1% of
          the outstanding units of each Partnership has been
          tendered to Mr. Icahn, other than with respect to one
          Partnership.  The Partnerships' agreements of limited
          partnership require McNeil Partners to start liquidating
          the Partnerships between August 1998 and March 1999. 
          There can be no assurance that McNeil Partners will
          commence tender offers for the Partnerships.

                    As of September 15, 1995, according to High
          River, only approximately 26 Units of McNeil Pacific
          Investors Fund 1972, 0 Units of McNeil Real Estate Fund
          V, Ltd., 446 Units of McNeil Real Estate Fund IX, Ltd.,
          495 Units of McNeil Real Estate Fund X, Ltd., 530.33
          Units of McNeil Real Estate Fund XI, Ltd., 480 Units of
          McNeil Real Estate Fund XIV, Ltd., 579 Units of McNeil
          Real Estate Fund XV, Ltd., 255.8 Units of McNeil Real
          Estate Fund XX, L.P., 9,322 Units of McNeil Real Estate
          Fund XXIV, L.P. and 223,152 Units of McNeil Real Estate
          Fund XXV, L.P. had been tendered to High River.