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<B><FONT SIZE=3><P ALIGN="CENTER"> SECURITIES AND EXCHANGE COMMISSION</P>


<P ALIGN="CENTER">WASHINGTON, DC 20549</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">FORM 8-K</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">CURRENT REPORT</P>


<P ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d) OF THE </P>


<P ALIGN="CENTER">SECURITIES EXCHANGE ACT OF 1934</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P></B></FONT>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=637>


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<FONT SIZE=3><P>Date of Report (Date of earliest event reported)</FONT></TD>


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<U><FONT SIZE=3><P ALIGN="CENTER">May 20, 2005</U></FONT></TD>


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<B><FONT SIZE=3><P ALIGN="CENTER"></P>


</B><U><P ALIGN="CENTER">Wells Real Estate Fund IV, L.P.&#9;</P>


</U><P ALIGN="CENTER">(Exact Name of Registrant as Specified in Charter)</P>


<B><P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P></B></FONT>


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<U><FONT SIZE=3><P ALIGN="CENTER">Georgia</U></FONT></TD>


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<U><FONT SIZE=3><P ALIGN="CENTER">0-20103</U></FONT></TD>


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<U><FONT SIZE=3><P ALIGN="CENTER">58-1915128</U></FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(State or Other Jurisdiction of Incorporation)</FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(Commission File Number)</FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(IRS Employer Identification No.)</FONT></TD>


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<P ALIGN="CENTER">&nbsp;</P></B></FONT>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=637>


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<U><FONT SIZE=3><P ALIGN="CENTER">6200 The Corners Parkway, Norcross, Georgia</U></FONT></TD>


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<U><FONT SIZE=3><P ALIGN="CENTER">30092-3365</U></FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(Address of Principal Executive Offices)&#9;</FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(Zip Code)</FONT></TD>


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<P ALIGN="CENTER">Registrant's telephone number, including area code: <U>(770) 449-7800</P>


</U>


<P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">(Former Name or Former Address, if Changed Since Last Report)</P>


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<P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">&nbsp;</P>


<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>


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<P>[]&#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>


<P>[]&#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>


<P>[]  &#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR   240.14d-2(b))</P>


<P>[] &#9;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))</P>


</FONT><B><P>Item 1.01 Entry Into a Material Definitive Agreement</P></DIR>





</B><P ALIGN="JUSTIFY">&#9;On May 20, 2005, Fund IV and Fund V Associates (the &quot;Joint Venture&quot;), a joint venture partnership between Wells Real Estate Fund IV, L.P. (the &quot;Registrant&quot;) and Wells Real Estate Fund V, L.P., and ADP, Inc. (&quot;ADP&quot;), an unrelated third party, entered into a First Amendment to Lease (the &quot;Agreement&quot;).  The Agreement amends an existing lease between the Joint Venture and ADP.  The Agreement increases the square footage leased by ADP from approximately 31,900 square feet to 48,000 square feet with a lease term commencing July 1, 2005 and shall expire November 30, 2009 in an approximately 87,600 square foot office building located in Jacksonville, FL (&quot;10407 Centurion Parkway North&quot;).  The monthly base rent payable under the Agreement on the additional space is approximately $14,400 from July 1, 2005 through November 30, 2005.  Effective December 1, 2005, the monthly base rent increases by approximately 3.0% every December until the lease expiration.  In addition to the monthly base rent, ADP will reimburse the Joint Venture monthly for their share of the annual operating expenses.  As a result of entering into the Agreement, ADP is entitled to a Joint Venture funded tenant improvement allowance up to approximately $327,000.  </P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&#9;The Joint Venture owns 100% of 10407 Centurion Parkway North and ADP is one of three tenants at the building.  The Registrant owns an equity interest of approximately 37.67% in the Joint Venture.</P>


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</B></FONT><P ALIGN="JUSTIFY"> </P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<B><FONT SIZE=3><P ALIGN="CENTER">&nbsp;</P>


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<P ALIGN="CENTER">SIGNATURES</P>


</B><P ALIGN="JUSTIFY"></P></DIR>


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<P ALIGN="JUSTIFY">&#9;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.</P>


<P ALIGN="JUSTIFY"></P></FONT>


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<FONT SIZE=3><P>WELLS REAL ESTATE FUND IV, L.P<BR>


(Registrant)</FONT></TD>


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<P ALIGN="RIGHT">By:</TD>


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<FONT SIZE=3><P>WELLS PARTNERS, L.P.<BR>


General Partner</FONT></TD>


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<P ALIGN="RIGHT">By:</TD>


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<FONT SIZE=3><P>Wells Capital, Inc.<BR>


General Partner</FONT></TD>


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<P ALIGN="RIGHT">By:</TD>


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<U><FONT SIZE=3><P>/s/ Leo F. Wells, III<BR>


</U>Leo F. Wells, III<BR>


President</FONT></TD>


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<FONT SIZE=3><P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">Date:  May 24, 2005</P>





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SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 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)
May 20, 2005
Wells Real Estate Fund IV, L.P.
(Exact Name of Registrant as Specified in Charter)
Georgia
0-20103
58-1915128
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6200 The Corners Parkway, Norcross, Georgia
30092-3365
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(770) 449-7800
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[]  	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR   240.14d-2(b))
[] 	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))
Item 1.01 Entry Into a Material Definitive Agreement
On May 20, 2005, Fund IV and Fund V Associates (the "Joint Venture"), a joint venture partnership between Wells Real Estate Fund IV, L.P. (the "Registrant") and Wells Real Estate Fund V, L.P., and ADP, Inc. ("ADP"), an unrelated third party, entered into a First Amendment to Lease (the "Agreement").  The Agreement amends an existing lease between the Joint Venture and ADP.  The Agreement increases the square footage leased by ADP from approximately 31,900 square feet to 48,000 square feet with a lease term commencing July 1, 2005 and shall expire November 30, 2009 in an approximately 87,600 square foot office building located in Jacksonville, FL ("10407 Centurion Parkway North").  The monthly base rent payable under the Agreement on the additional space is approximately $14,400 from July 1, 2005 through November 30, 2005.  Effective December 1, 2005, the monthly base rent increases by approximately 3.0% every December until the lease expiration.  In addition to the monthly base rent, ADP will reimburse the Joint Venture monthly for their share of the annual operating expenses.  As a result of entering into the Agreement, ADP is entitled to a Joint Venture funded tenant improvement allowance up to approximately $327,000.
The Joint Venture owns 100% of 10407 Centurion Parkway North and ADP is one of three tenants at the building.  The Registrant owns an equity interest of approximately 37.67% in the Joint Venture.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
WELLS REAL ESTATE FUND IV, L.P
(Registrant)
By:
WELLS PARTNERS, L.P.
General Partner
By:
Wells Capital, Inc.
General Partner
By:
/s/ Leo F. Wells, III
Leo F. Wells, III
President
Date:  May 24, 2005