PRICE T ROWE REA INCOME FD IV AMERICAS SALE COMM FR REA EST
10-Q/A, 1995-12-22
REAL ESTATE
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          <PAGE>1

          THE PURPOSE OF THIS AMENDMENT IS TO ADD A FINANCIAL DATA SCHEDULE
          FOR THE QUARTER ENDED SEPTEMBER 30, 1995


          SECURITIES AND EXCHANGE COMMISSION
          Washington, D.C.  20549

          FORM 10-Q/A

          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
          SECURITIES EXCHANGE ACT OF 1934 -AMENDMENT NO. 1.

          For the quarterly period ended September 30, 1995                
                    

          Commission File Number 0-17636   


          Exact Name  of Registrant  as Specified in  Its Charter:  T. ROWE
          PRICE REALTY INCOME FUND IV, AMERICA'S SALES-COMMISSION-FREE REAL
          ESTATE LIMITED PARTNERSHIP


          State  or Other  Jurisdiction of  Incorporation or  Organization:
          Delaware

          I.R.S. Employer Identification No.: 95-4147931

          Address and  zip code  of Principal Executive  offices: 100  East
          Pratt Street, Baltimore, Maryland 21202  

          Registrant's  telephone number,  including area  code: 1-800-638-
          5660      

          Indicate by check  mark whether the registrant (1)  has filed all
          reports  required  to be  filed  by Section  13  or 15(d)  of the
          Securities Exchange  Act of 1934  during the preceding  12 months
          (or for such  shorter period that the registrant  was required to
          file  such reports),  and (2)  has  been subject  to such  filing
          requirements for the past 90 days. Yes X        No      
























          <PAGE>2


          Item 6. Exhibits and Reports on Form 8-K:

                 (a) Exhibits.

                     19 - Quarterly Report Furnished to Security-Holders, 
                     including Financial Statements of the Partnership

                     27 - Financial Data Schedule

                 All  other  items   are  omitted  because  they   are  not
          applicable or the answers are none.




















































          <PAGE>3



                                      SIGNATURES


          Pursuant to the  requirements of the  Securities Exchange Act  of
          1934, the registrant has duly  caused this Amendment to be signed
          on its behalf by the undersigned thereunto duly authorized.


                                         T. ROWE  PRICE REALTY  INCOME FUND
                     IV,
                                         AMERICA'S SALES-COMMISSION-FREE 
                                         REAL ESTATE LIMITED PARTNERSHIP



                                         By: T.  Rowe  Price  Realty Income
                                             Fund   IV  Management,   Inc.,
                                             General Partner



          Date:      December 22, 1995       By:  /s/ Charles E. Vieth     
                                                  Charles E. Vieth
                                                  Vice President



          Date:      December 22, 1995   By: /s/ Joseph P. Croteau         
                                             Joseph P. Croteau
                                             Principal Financial Officer of
                                             the Partnership



          Date:      December 22, 1995   By: /s/ Gary C. Younker           
                                             Gary C. Younker
                                             Chief Accounting Officer of 
          the Partnership
























          

<TABLE> <S> <C>

          <ARTICLE> 5
          <LEGEND>
          This schedule  contains summary  financial information  extracted
          from the unaudited condensed consolidated financial statements of
          T.    Rowe    Price   Realty    Income    Fund    IV,   America's
          Sales-Commission-Free Real Estate Limited Partnership included in
          the accompanying Form 10-Q  which is Amendment No. 1 to  the Form
          10-Q for  the period  ended September 30,  1995, which  was filed
          with the Commission on November 14, 1995 and is qualified in  its
          entirety by reference to such financial statements.
          </LEGEND>
          <CIK> 0000826315
          <NAME>  T.   ROWE  PRICE   REALTY  INCOME   FUND  IV,   AMERICA'S
          SALES-COMMISS
                 
          <S>                             <C>
          <PERIOD-TYPE>                   9-MOS
          <FISCAL-YEAR-END>                          DEC-31-1995
          <PERIOD-START>                             JAN-01-1995
          <PERIOD-END>                               SEP-30-1995
          <CASH>                                       2,027,000
          <SECURITIES>                                         0
          <RECEIVABLES>                                  845,000
          <ALLOWANCES>                                   265,000
          <INVENTORY>                                          0
          <CURRENT-ASSETS>                                     0<F1>
          <PP&E>                                      26,600,000
          <DEPRECIATION>                               3,696,000
          <TOTAL-ASSETS>                              25,729,000
          <CURRENT-LIABILITIES>                                0<F1>
          <BONDS>                                              0
          <COMMON>                                             0
                                          0
                                                    0
          <OTHER-SE>                                  24,122,000<F2>
          <TOTAL-LIABILITY-AND-EQUITY>                25,729,000
          <SALES>                                              0
          <TOTAL-REVENUES>                             2,720,000
          <CGS>                                                0
          <TOTAL-COSTS>                                1,942,000
          <OTHER-EXPENSES>                                     0
          <LOSS-PROVISION>                                     0<F3>
          <INTEREST-EXPENSE>                                   0
          <INCOME-PRETAX>                                778,000
          <INCOME-TAX>                                         0
          <INCOME-CONTINUING>                            778,000
          <DISCONTINUED>                                       0
          <EXTRAORDINARY>                                      0
          <CHANGES>                                            0
          <NET-INCOME>                                   778,000
          <EPS-PRIMARY>                                        0<F4>
          <EPS-DILUTED>                                        0












          <FN>
          <F1>Not contained in registrant's unclassified balance sheet.
          <F2>Partners' Capital.
          <F3>Not reported at interim.
          <F4>Not  applicable.  Net income  per limited partnership unit is
          $1.01.
          </FN>
                  






















































</TABLE>


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