NTS PROPERTIES IV
8-K, 1998-09-11
REAL ESTATE
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                                  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):  September 10, 1998
                              (September 10, 1998)


                         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




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Item 5.  Other Items

On February 1, 1996,  NTS-Properties IV, Ltd.(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.

As of September  10, 1998,  NTS-Properties  IV has elected to fund an additional
amount of $61,500 to its current Interest Repurchase Reserve. With this funding,
the  Partnership  will be able to  repurchase up to 300 Units at a price of $205
per Unit.




<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/ Lynda J. Wilbourn
                                                     ---------------------
                                                     Lynda J. Wilbourn
                                                     Vice President



Date: September 10, 1998




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