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PLEASE SIGN, DATE AND RETURN THE ENCLOSED CONSENT CARD TO AVOID
ADDITIONAL SOLICITATION COSTS TO YOUR PARTNERSHIP.
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PAINEWEBBER DEVELOPMENT PARTNERS FOUR, LTD.
265 FRANKLIN STREET
BOSTON, MASSACHUSETTS 02110
IMPORTANT REMINDER
Dear Limited Partner:
We have previously mailed to you a Consent Solicitation Statement, dated May 4,
1998, and a consent card in connection with a solicitation of limited partners
of PaineWebber Development Partners Four, Ltd.
According to our latest records, we have not received your consent card for this
important solicitation. Regardless of the number of units you own, it is
important that they are represented and voted. If you have not already mailed
your consent card, please take a moment to sign, date and mail the enclosed
duplicate consent card. A return envelope is provided for your convenience.
For the reasons set forth in the Consent Solicitation Statement, the Managing
General Partner recommends that you consent to the proposed sale and liquidation
as defined in the Consent Solicitation Statement.
Thank you for your assistance in this matter.
Fourth Development Fund, Inc.,
Property Associates 1985, L.P.,
/s/ Bruce J. Rubin
Bruce J. Rubin
President
Fourth Development Fund, Inc.
May 21, 1998
