PRICE T ROWE REA INCOME FD IV AMERICAS SALE COMM FR REA EST
8-K/A, 1997-09-18
REAL ESTATE
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          <PAGE>1

          SECURITIES AND EXCHANGE COMMISSION

          Washington, D.C.  20549



          FORM 8-K/A



          Pursuant to Section 13 or 15(d) of the Securities and Exchange
          Act of 1934


          Date of Report (Date of earliest event reported): September 12,
          1997



          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:
          Maryland

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

          Commission File Number: 0-17636

          Address of principal executive offices:  100 East Pratt Street,
          Baltimore, Maryland  21202

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


          Former name of former address, if changes since last report:   
          Not Applicable                               
























          <PAGE> 2

          Item 2.  Acquisition or Disposition of Assets.

          A distribution of $19,105,755 ($25 per Unit) will be made on or
          about September 19, 1997 to Limited Partners of record as of
          September 12, 1997. 

          Pursuant to the requirements of the Securities and Exchange Act
          of 1934, the registrant has daily caused this report to be signed
          on its behalf by the undersigned hereunto 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., as 
                                        General Partner


                                             By:  /s/Lucy B. Robins
                                                  Lucy B. Robins
                                                  Vice President








































          


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