content: UNITED STATES
  
                SECURITIES AND EXCHANGE COMMISSION
  
                     Washington, D. C. 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)     February 1, 1996    
  
                         (February 1, 1996)                                
  
  Commission File Number                        0-11655                     
  
                                NTS-PROPERTIES IV                           
              (Exact name of registrant as specified in its charter)
  
           Kentucky                           61-1026356            
  (State or other jurisdiction of   (I.R.S. Employer Identification 
  incorporation or organization)    No.)
  
     10172 Linn Station Road
     Louisville, Kentucky                         40223             
  (Address of principal executive              (Zip Code)
  offices)
  
  Registrant's telephone number, 
  including area code                         (502) 426-4800        
  
                                Not Applicable                              
             Former name, former address and former fiscal year,
                         if changed since last report
  
  <PAGE>
  Item 5.  Other Items
  
        As of February 1, 1996, NTS-Properties IV (the "Partnership")
        established an Interest Repurchase Reserve pursuant to Section
        16.4 of the Partnership's Amended and Restated Agreement of
        Limited Partnership.  Under Section 16.4, limited partners may
        request the Partnership to repurchase their respective interests
        (Units) in the Partnership.  The Partnership has notified the
        limited partners of the establishment of the Interest Repurchase
        Reserve and the opportunity to request that the Partnership
        repurchase Units at the established price pursuant to that certain
        letter to limited partners dated February 1, 1996, a copy of which
        is attached hereto and made a part hereof.
  
  <PAGE>
  February 1, 1996
  
  
  Dear NTS-Properties IV Investor:
  
  Over the last few years, a small market has developed for the trading of
  limited partnership interests through companies such as the Chicago
  Partnership Board.  Units in our and other NTS Partnerships have transferred
  at values which the General Partner believes to be discounted.  Although the
  General Partner continues to strongly recommend that our investors hold
  their Units rather than sell, we do recognize that circumstances may arise
  from which an investor may feel compelled to sell his or her Units.  As a
  result, in our cash distribution mailings we included a list of some of the
  companies which have indicated to us that they arrange trades of NTS
  Partnership Units.
  
  In the interest of helping to establish a "floor" or minimum price for
  trades in NTS-Properties IV Units, the Partnership has established an
  Interest Repurchase Reserve in the amount of $297,450 pursuant  to Section
  16.4 of the Partnership's Limited Partnership Agreement.  Under this Section
  of the Partnership Agreement, the Partnership may repurchase Units from
  investors who indicate in writing their desire to sell.  With this
  Repurchase Reserve, the Partnership will be able to repurchase and retire
  up to 1,983 Units at a currently contemplated price of $150 per Unit.  Since
  the repurchased Units will be retired, there will be fewer investors for the
  distribution of assets.
  
  Units will be repurchased on a "first-come, first-served" basis until the
  Interest Repurchase Reserve is depleted.  If the number of Units submitted
  for repurchase exceeds that which can be repurchased by the Partnership in
  the first quarter, those additional Units may be repurchased in subsequent
  quarters.  The Partnership may, at the discretion of the General Partner,
  continue to set aside funds in the Interest Repurchase Reserve.
  
  The above repurchase price per Unit was established by the General Partner
  in its sole discretion, and does not purport to represent the fair market
  value or liquidation value of a Unit.  The General Partner believes that
  this purchase price represents a discount from the value of each Unit. 
  However, there is no guarantee of the amount that limited partners who
  choose not to sell their Units will receive upon the ultimate liquidation
  of the Partnership.
  
  If you are interested in the Partnership repurchasing your Units, please
  sign, date and return the enclosed Repurchase Request form in the envelope
  provided.  Upon receipt of your signed Repurchase Request form, we will
  provide you with transfer documents and appropriate instructions.  Payment
  for repurchased Units will be made within 10 days after you have returned
  the properly executed transfer documents.  No transfer fees or commissions
  will be charged for the repurchase.  You may obtain further information on
  the Interest Repurchase Reserve by calling our transfer agent at (303) 705-6196.
  <PAGE>
                                
                                
                                
                                
                       REPURCHASE REQUEST
                                
                FOR LIMITED PARTNERSHIP UNITS IN
                                
                       NTS-PROPERTIES IV
  
  Date:___________
  
  I request that NTS-Properties IV repurchase my limited partnership interests
  ("Units") at the price of $150 per Unit, as described in the letter to me
  from NTS Properties Associates dated February 1, 1996 to which this
  Repurchase Request was attached.  As a condition to repurchase, I understand
  that I hereby waive the provisions of Section 16.4 of the Amended and
  Restated Agreement of Limited Partnership of NTS-Properties IV (the
  "Partnership Agreement") regarding the price and terms of repurchase of
  Units, and fully and finally release NTS-Properties IV and its General
  Partner from any and all known or unknown claims, liability and actions,
  whether arising under or pertaining to the Offering or Prospectus for
  NTS-Properties IV, the Partnership Agreement or otherwise.  I will reaffirm my
  waiver and release upon execution of the transfer documents.  Please send
  me the appropriate transfer documents.
  
  
  
  I own ________ Units of NTS-Properties IV.  I have read and fully understand
  the foregoing.
  
  [Each owner of the Limited Partner Units must sign below.]
  
  
  
  __________________________________     __________________________________
  Signature of Limited Partner           Signature of Limited Partner
                                         (Joint Accounts)
  
  __________________________________     __________________________________
  Printed Name                           Printed Name
  <PAGE>
                               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 thereunto duly authorized.
  
  
                                            NTS-PROPERTIES IV      
                                              (Registrant)
  
                                    BY:    NTS-Properties Associates IV
                                           BY: NTS Capital Corporation,
                                               General Partner
  
                                           /s/ John W. Hampton     
                                               John W. Hampton
                                               Senior Vice President
  
  
  
  Date:    February 1, 1996
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K FEBRUARY 1, 1996", "secsgml_size_bytes": 7494}]
metadata_filer: {"company-data": {"conformed-name": "NTS PROPERTIES IV", "cik": "0000719589", "assigned-sic": "6500", "irs-number": "611026356", "state-of-incorporation": "KY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11655", "film-number": "96510107"}, "business-address": {"street1": "10172 LINN STATION RD", "city": "LOUISVILLE", "state": "KY", "zip": "40223", "phone": "5024264800"}, "mail-address": {"street1": "10172 LINN STATION RD", "city": "LOUISVILLE", "state": "KY", "zip": "40223"}}
text: UNITED STATES
  
                SECURITIES AND EXCHANGE COMMISSION
  
                     Washington, D. C. 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)     February 1, 1996    
  
                         (February 1, 1996)                                
  
  Commission File Number                        0-11655                     
  
                                NTS-PROPERTIES IV                           
              (Exact name of registrant as specified in its charter)
  
           Kentucky                           61-1026356            
  (State or other jurisdiction of   (I.R.S. Employer Identification 
  incorporation or organization)    No.)
  
     10172 Linn Station Road
     Louisville, Kentucky                         40223             
  (Address of principal executive              (Zip Code)
  offices)
  
  Registrant's telephone number, 
  including area code                         (502) 426-4800        
  
                                Not Applicable                              
             Former name, former address and former fiscal year,
                         if changed since last report
  Item 5.  Other Items
  
        As of February 1, 1996, NTS-Properties IV (the "Partnership")
        established an Interest Repurchase Reserve pursuant to Section
        16.4 of the Partnership's Amended and Restated Agreement of
        Limited Partnership.  Under Section 16.4, limited partners may
        request the Partnership to repurchase their respective interests
        (Units) in the Partnership.  The Partnership has notified the
        limited partners of the establishment of the Interest Repurchase
        Reserve and the opportunity to request that the Partnership
        repurchase Units at the established price pursuant to that certain
        letter to limited partners dated February 1, 1996, a copy of which
        is attached hereto and made a part hereof.
  February 1, 1996
  
  Dear NTS-Properties IV Investor:
  
  Over the last few years, a small market has developed for the trading of
  limited partnership interests through companies such as the Chicago
  Partnership Board.  Units in our and other NTS Partnerships have transferred
  at values which the General Partner believes to be discounted.  Although the
  General Partner continues to strongly recommend that our investors hold
  their Units rather than sell, we do recognize that circumstances may arise
  from which an investor may feel compelled to sell his or her Units.  As a
  result, in our cash distribution mailings we included a list of some of the
  companies which have indicated to us that they arrange trades of NTS
  Partnership Units.
  
  In the interest of helping to establish a "floor" or minimum price for
  trades in NTS-Properties IV Units, the Partnership has established an
  Interest Repurchase Reserve in the amount of $297,450 pursuant  to Section
  16.4 of the Partnership's Limited Partnership Agreement.  Under this Section
  of the Partnership Agreement, the Partnership may repurchase Units from
  investors who indicate in writing their desire to sell.  With this
  Repurchase Reserve, the Partnership will be able to repurchase and retire
  up to 1,983 Units at a currently contemplated price of $150 per Unit.  Since
  the repurchased Units will be retired, there will be fewer investors for the
  distribution of assets.
  
  Units will be repurchased on a "first-come, first-served" basis until the
  Interest Repurchase Reserve is depleted.  If the number of Units submitted
  for repurchase exceeds that which can be repurchased by the Partnership in
  the first quarter, those additional Units may be repurchased in subsequent
  quarters.  The Partnership may, at the discretion of the General Partner,
  continue to set aside funds in the Interest Repurchase Reserve.
  
  The above repurchase price per Unit was established by the General Partner
  in its sole discretion, and does not purport to represent the fair market
  value or liquidation value of a Unit.  The General Partner believes that
  this purchase price represents a discount from the value of each Unit. 
  However, there is no guarantee of the amount that limited partners who
  choose not to sell their Units will receive upon the ultimate liquidation
  of the Partnership.
  
  If you are interested in the Partnership repurchasing your Units, please
  sign, date and return the enclosed Repurchase Request form in the envelope
  provided.  Upon receipt of your signed Repurchase Request form, we will
  provide you with transfer documents and appropriate instructions.  Payment
  for repurchased Units will be made within 10 days after you have returned
  the properly executed transfer documents.  No transfer fees or commissions
  will be charged for the repurchase.  You may obtain further information on
  the Interest Repurchase Reserve by calling our transfer agent at (303) 705-6196.
  REPURCHASE REQUEST
                                
                FOR LIMITED PARTNERSHIP UNITS IN
                                
                       NTS-PROPERTIES IV
  
  Date:___________
  
  I request that NTS-Properties IV repurchase my limited partnership interests
  ("Units") at the price of $150 per Unit, as described in the letter to me
  from NTS Properties Associates dated February 1, 1996 to which this
  Repurchase Request was attached.  As a condition to repurchase, I understand
  that I hereby waive the provisions of Section 16.4 of the Amended and
  Restated Agreement of Limited Partnership of NTS-Properties IV (the
  "Partnership Agreement") regarding the price and terms of repurchase of
  Units, and fully and finally release NTS-Properties IV and its General
  Partner from any and all known or unknown claims, liability and actions,
  whether arising under or pertaining to the Offering or Prospectus for
  NTS-Properties IV, the Partnership Agreement or otherwise.  I will reaffirm my
  waiver and release upon execution of the transfer documents.  Please send
  me the appropriate transfer documents.
  
  I own ________ Units of NTS-Properties IV.  I have read and fully understand
  the foregoing.
  
  [Each owner of the Limited Partner Units must sign below.]
  
  __________________________________     __________________________________
  Signature of Limited Partner           Signature of Limited Partner
                                         (Joint Accounts)
  
  __________________________________     __________________________________
  Printed Name                           Printed Name
  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 thereunto duly authorized.
  
                                            NTS-PROPERTIES IV      
                                              (Registrant)
  
                                    BY:    NTS-Properties Associates IV
                                           BY: NTS Capital Corporation,
                                               General Partner
  
                                           /s/ John W. Hampton     
                                               John W. Hampton
                                               Senior Vice President
  
  Date:    February 1, 1996