AMERICA FIRST FINANCIAL FUND 1987-A LIMITED PARTNERSHIP
SC 13D/A, 1998-01-15
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
- --------------------------------------------------------------------------------
                               (Amendment No. 4)1

             America First Financial Fund 1987-A Limited Partnership
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          Beneficial Unit Certificates
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    023913106
- --------------------------------------------------------------------------------
                                 (Cusip Number)

                                 Daniel R. Tisch
                            c/o Mentor Partners, L.P.
                                 500 Park Avenue
                            New York, New York 10022
                                 (212) 935-7640
- --------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                January 13, 1998
- --------------------------------------------------------------------------------
                      (Date of Event which Requires Filing
                               of this Statement)

     If the filing  person has  previously  filed a statement on Schedule 13G to
report the acquisition  which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person:  (1) has a previous statement on file
reporting  beneficial  ownership  of more  than  five  percent  of the  class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7.)

Note: Six copies of this statement, including all exhibits, should be filed with
the  commission.  See Rule  13d-1(a) for other  parties to whom copies are to be
sent.

- --------

1    The  remainder  of this  cover  page  shall be filled  out for a  reporting
persons's  initial  filing on this form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes.).

                                Page 1 of 6 Pages

<PAGE>



                                  SCHEDULE 13D


CUSIP No. 023913106                               Page   2   of   6   Pages
          ---------                                     ---      ---

- --------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Mentor Partners, L.P.  Employer I.D.# 06-126-0469
- --------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a)  [ ]
                                                                     (b)  [X]
- --------------------------------------------------------------------------------
3    SEC USE ONLY


- --------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     WC
- --------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
     TO ITEMS 2(d) or 2(e)                                                [ ]

- --------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION
  
     State of Delaware
- --------------------------------------------------------------------------------
        NUMBER OF             7    SOLE VOTING POWER

         SHARES                    0
                         -------------------------------------------------------
      BENEFICIALLY            8    SHARED VOTING POWER

        OWNED BY                   0
                         -------------------------------------------------------
          EACH                9    SOLE DISPOSITIVE POWER

        REPORTING                  0
                         -------------------------------------------------------
         PERSON               10   SHARED DISPOSITIVE POWER

          WITH                     0
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     0
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]


- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     0.0%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     PN
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                                Page 2 of 6 Pages


<PAGE>


     This  Amendment No. 4 amends the Schedule 13D filed with the Securities and
Exchange  Commission (the  "Commission") on July 16, 1997, as amended  September
17, 1997,  October 14, 1997 and October 23, 1997 (the "Schedule  13D") by Mentor
Partners, L.P., a Delaware limited partnership (the "Partnership"),  relating to
the Beneficial Unit  Certificates (the "Shares") of America First Financial Fund
1987-A Limited  Partnership,  a Delaware  limited  partnership  (the "Company").
Capitalized  terms used and not defined herein shall have the meanings  assigned
to such terms in the Schedule 13D.

Item 5.   Interest in Securities of the Issuer.

     The  information  set forth in Item 5 of the Schedule 13D is hereby amended
and  supplemented  by  adding  the  following   information  to  the  respective
paragraphs thereof:

     (a) As of the date hereof,  the Partnership owns  beneficially an aggregate
of 0 Shares of the Company (or 0% of the Company's  Beneficial Unit Certificates
outstanding  on October 10, 1997) based on the number of  6,010,589  Shares then
outstanding as set forth in the Company's most recent filing with the Securities
and Exchange Commission.

     (c) Except as set forth in Exhibit A, which is hereby  incorporated  herein
by reference,  no  transactions in the Shares have been effected during the past
sixty days by the  Partnership  or, to its best  knowledge,  any of the  Control
Persons.

                                Page 3 of 6 Pages


<PAGE>


     (e) The  Partnership  ceased to be the  beneficial  owner of more than five
percent of the Shares outstanding on January 13, 1998.

                                Page 4 of 6 Pages


<PAGE>


                                    SIGNATURE

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.

                                                  January 13, 1998
                                                  ----------------
                                                      (Date)


                                                  /s/ Daniel R. Tisch
                                                  -------------------
                                                      (Signature)


                                                  Daniel R. Tisch
                                                  Authorized Signatory
                                                  MENTOR PARTNERS, L.P.
                                                  ---------------------
                                                      (Name/Title)


                                Page 5 of 6 Pages


<PAGE>


                                    EXHIBIT A



                    Dispositions of Shares by the Partnership
                           During the Past Sixty Days
                           --------------------------



                        Date of             Number       Aggregate    Price Per
Entity                Transaction         of Shares        Price        Share
- ------                -----------         ---------      ---------    ----------

Partnership        January 13, 1998       (601,000)     $60,100.00      $0.10

================================================================================
All Shares were sold in transactions on the over-the-counter market.

                                Page 6 of 6 Pages



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