HUTTON CONAM REALTY INVESTORS 4
8-K, 1997-10-22
REAL ESTATE
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               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) October 8, 1997
                                
                                
                  CONAM REALTY INVESTORS 4 L.P.
                        formerly known as
                 HUTTON/CONAM REALTY INVESTORS 4
     (Exact name of registrant as specified in its charter)
                                


     California                0-13329               11-2685746
State or other jurisdiction   Commission            IRS Employer
  of incorporation           File Number         Identification No.



1764 San Diego Avenue
San Diego, CA  92110 Attn.: Robert J. Svatos            92110-1906
Address of principal executive offices                   Zip Code



Registrant's telephone number, including area code (619) 297-6771

Item 5. Other Events

ConAm Property Services IV, Ltd. ("CPS IV") and RI 3-4 Real
Estate Services, Inc. ("RI 3-4") have served as co-general
partners of the Partnership since its inception.  On October 8,
1997, CPS IV acquired RI 3-4's co-general partner interest in the
Partnership pursuant to a Purchase Agreement between CPS IV and
RI 3-4 dated August 29, 1997.  As a result, CPS IV will now serve
as the sole general partner of the Partnership. In conjunction
with this transaction, the name of the Partnership has been
changed from Hutton/ConAm Realty Investors 4 to ConAm Realty
Investors 4, L.P.  The purchase of RI 3-4's interest by CPS IV
will not affect the Partnership's operations.

                           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 hereunto duly authorized.


                         CONAM PROPERTY SERVICES IV, Ltd
                         BY:  CONTINENTAL AMERICAN DEVELOPMENT,INC.
                              General Partner


Date:  October 23, 1997       BY:  /s/Daniel J. Epstein
                              Director, President, and Principal
                              Executive Officer


Date:  October 23, 1997       BY:  /s/Robert J. Svatos
                              Chief Financial Officer




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