SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


F O R M  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)	November 19, 1998


	BOSTON CAPITAL TAX CREDIT FUND IV L.P.
(Exact name of registrant as specified in its charter)


	Delaware
(State or other jurisdiction of incorporation)


	0-26200				04-3208648
(Commission File Number)	(IRS Employer Identification No.)



c/o Boston Capital Partners, Inc.,
One Boston Place, Boston, Massachusetts	02108-4406
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number,
including area code				(617) 624-8900

	None
 (Former name or former address, if changed since last
report)



Item 5.  Other Events

	As of November 19, 1998, Boston Capital Tax Credit Fund
IV L.P., a Delaware limited partnership, specifically Series
26 (33.8%) and 32 (66.2%) thereof the "Partnership"),
entered into various agreements relating to Jackson Bond,
L.P., a Mississippi limited partnership (the "Operating
Partnership"), including the First Amended and Restated
Agreement of Limited Partnership of the Operating
Partnership dated as of November 1, 1998 (the "Operating
Partnership Agreement"), pursuant to which the Partnership
acquired a limited partner interest in the Operating
Partnership.  Capitalized terms used and not otherwise
defined herein have their meanings set forth in the
Operating Partnership Agreement, a copy of which is attached
hereto as Exhibit (2)(a).

	The Operating Partnership owns a one hundred thirty-six
(136) unit apartment complex located at 100 Park Ridge Drive
in the City of Jackson, Tennessee, which is known as Park
Ridge Apartments (the "Apartment Complex").  The Apartment
Complex consists of eight (8) buildings containing sixteen
(16) 1-bedroom units, seventy-two (72) 2-bedroom units and
forty-eight (48) 3-bedroom units.  Amenities include a pool,
clubhouse, playground and laundry facility.  Construction of
the Apartment Complex commenced in November, 1998 and is
scheduled for completion in April, 2000.  In addition, 100%
Occupancy is scheduled for December, 2000.

	The Operating Partnership is receiving bond financing
in the amount of $5,000,000 (the "Bond Loan") from the
Health, Educational and Housing Facility Board of the City
of Jackson, Mississippi, funded from the proceeds of the
$5,000,000 Multifamily Housing Adjustable/Fixed Rate Revenue
Bonds (Park Ridge Apartments) Series 1998.  The Bond Loan
commenced in November, 1998, has a thirty (30)-year term,
and has an adjustable interest rate.   The Operating
Partnership is receiving an irrevocable direct-pay letter of
credit (the "Letter of Credit") in the amount of $5,045,000
from First Tennessee Bank National Association.  The Letter
of Credit has a termination date of no later than November
15, 2001 and is guaranteed by both J.H. Thames, Jr. and
Rodney F. Triplett, Jr.

	It is believed that 100% of the rental apartment units
in the Apartment Complex will qualify for the low-income
housing tax credit (the "Tax Credits") under Section 42 of
the Internal Revenue Code of 1986, as amended (the "Code").

	The general partner of the Operating Partnership is
Park Ridge, LLC, a Mississippi limited liability company
(the "General Partner").  The members of the General Partner
are J.H. Thames, Jr. (75%) and Rodney F. Triplett, Jr.
(25%).  The General Partner also serves as the Developer of
the Apartment Complex.  Unicorp, Inc., the Builder of the
Apartment Complex, is wholly owned by Mr. Thames.
Similarly, the Management Agent is Park Management, Inc., a
corporation wholly owned by Mr. Thames.  As of September,
1998, Mr. Thames' various entities had developed
approximately fifty-eight (58) properties totaling over
2,600 units, of which more than 1,600 involved tax credits.
Mr. Triplett has been involved with Mr. Thames' real estate
developments since 1993.

	The Partnership acquired its interest in the Operating
Partnership directly from the Operating Partnership in
consideration of an agreement to make a Capital Contribution
of $2,536,374 to the Operating Partnership in four (4)
installments as follows:

$1,521,824 (the "First Installment") on the latest to occur
of (A) the Admission Date, (B) the Bond Loan Full Funding
Date, and (C) Tax Credit Set-Aside;

$634,093 (the "Second Installment") on the 50% Completion
Date;

$317,047 (the "Third Installment") on the latest to occur of
(A) the Completion Date, (B) Cost Certification, (C) receipt
by the Special Limited Partner of an updated Title Policy in
form and substance satisfactory to the Special Limited
Partner, which policy in no event shall contain a survey
exception, (D) receipt by the Special Limited Partner of
current liability insurance certificates conforming to the
requirements of the Partnership Agreement, (E) receipt by
the Special Limited Partner of an Estoppel Letter from each
Lender or (F) receipt by the Special Limited Partner of the
Contractor Pay-Off Letter;

$63,410 (the "Fourth Installment") on the latest to occur of
(A) the Initial 100% Occupancy Date, (B) the closing and
funding of the New Permanent Loan, (C) Rental Achievement or
(D) State Designation.

The First and Second Installments have been paid by the
Partnership.

	The total Capital Contribution of the Partnership to
the Operating Partnership is based on the Operating
Partnership receiving $3,427,880 in Tax Credits during the
11-year period commencing in 2000 of which 99.99%
($3,427,530) will be allocated to the Partnership as the
Investment Limited Partner of the Operating Partnership.
	The Partnership believes that the Apartment Complex is
adequately insured.

	Ownership interests in the Operating Partnership are as
follows, subject in each case to certain priority
allocations and distributions as set forth in the Operating
Partnership Agreement:

Profits, Losses
and Tax Credits
from Normal 		Capital		Cash
Operations		Transaction	Flow

General Partner		     .01%	   80%	  90%

Investment Partnership
 (Series 26)		33.79662%	6.75966%	3.38%

Investment Partnership
(Series 32)	66.19338%	13.23933%	6.62%

Special Limited Partner	  0%	.001%	  0%

The Special Limited Partner of the Operating Partnership is
BCTC 94, Inc., an affiliate of the Partnership.

	The Partnership used funds obtained from the payments
of the holders of its beneficial assignee certificates to
make the acquisition of its interest in the Operating
Partnership.

	Boston Capital, or an Affiliate thereof, will receive a
fee ( the "Asset Management Fee") commencing in 2001 from
the Operating Partnership, for services in connection with
the Operating Partnership's accounting matters and the
preparation of tax returns and reports to the Partnership,
in the annual amount of $5,000.  The Asset Management Fee
for each Fiscal Year will be payable from Cash Flow in the
manner and priority set forth in Section 10.2(a) of the
Operating Partnership Agreement, provided, however, that if,
in any Fiscal Year, Cash Flow is insufficient to pay the
full amount of the Asset Management Fee, the General Partner
shall advance the amount of such deficiency to the Operating
Partnership as a Subordinated Loan.  If for any reason the
Asset Management Fee is not paid in any Fiscal Year, the
unpaid portion thereof shall accrue and be payable on a
cumulative basis in the first Fiscal Year in which there is
sufficient Cash Flow or Capital Proceeds as provided in
Article X of the Operating Partnership Agreement.

	The Operating Partnership will pay the General Partner
a fee (the "Partnership Management Fee") commencing in 2001
for services in connection with the administration of the
day-to-day business of the Operating Partnership in
an annual amount equal to $27,000.  The Partnership
Management Fee for each fiscal year of the Operating
Partnership shall be payable from Cash Flow in the manner
set forth in Section 10.2(a) of the Operating Partnership
Agreement.  If for any reason the Partnership Management Fee
is not paid in any Fiscal Year, the unpaid portion thereof
shall accrue and be payable on a cumulative basis in the
first Fiscal Year in which there is sufficient Cash Flow or
Capital Proceeds as provided in Article X of the Operating
Partnership Agreement.

	In consideration of its consultation, advice and other
services in connection with the construction and development
of the Apartment Complex, the Operating Partnership will pay
the Developer a fee (the "Development Fee") in the principal
amount of $756,321.  The Development Fee, all of which has
been deferred, shall be due and payable only in accordance
with Section 6 of the Development Agreement and, if not
sooner paid, the total amount then outstanding will be
payable on the tenth (10th) anniversary of the Completion
Date from the proceeds of an additional General Partner
Capital Contribution..

	The Builder of the Apartment Complex will receive a
total compensation of $4,177,997, which includes Builder's
profit of $335,541 and Builder's overhead of $109,066.  The
Management Agent will receive a Management Fee equal to 5%
of gross collected revenues plus an additional 1% contingent
on available Cash Flow pursuant to Section 11.1 of the
Operating Partnership Agreement.



Item 7.  Exhibits.

(c)	Exhibits.	Page

(1)	(a)*	Form of Dealer-Manager Agreement between Boston
Capital Services, Inc. and the Registrant (including, as
an exhibit thereto, the form of Soliciting Dealer Agreement)

(2)	(a)	Jackson Bond, L.P. First Amended and Restated
Agreement of Limited Partnership
(2)	(b)	General Partner's Payment Certificate (First
Installment)

(2)	(c)	Development Agreement

(2)	(d)	Guaranty Agreement (J.H. Thames, Jr.)

(2)	(e)	Guaranty Agreement (Rodney F. Triplett, Jr.)

(4)	(a)**
	Agreement of Limited Partnership of the Partnership
(16)		None
(17)		None
(20)		None
(23)		None
(24)		None
(27)		None
*Incorporated by reference to Exhibit (1) to Registration Statement
No. 33-70564 on Form S-11, as filed with the Securities and Exchange
Commission.
**Incorporated by reference to Exhibit (4) to Registration Statement
No. 33-70564 on
Form S-11, as filed with the Securities and Exchange Commission.


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 hereto duly
authorized.

Dated:  September 22, 2000


BOSTON CAPITAL TAX CREDIT FUND IV L.P.


By:	Boston Capital Associates IV L.P.,
	its General Partner


By:	C&M Associates, d/b/a Boston
Capital Associates, its
General Partner


By:	__/s/ Herbert F. Collins______
Herbert F. Collins, Partner