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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities and Exchange
Act of 1934
Date of Report (Date of earliest event reported): January 17,
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:
Delaware
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
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Item 5. Other Events
At the end of 1996 T. Rowe Price Realty Income Fund IV, America's
Sales-Commission-Free Real Estate Limited Partnership (the
"Partnership") conducted its annual formal unit valuation. The
valuation of the Partnership's properties was performed by the
General Partner, and then reviewed by an independent professional
appraiser. The estimated value of limited partnership units
resulting from this process is $31.05 per unit. A $0.75 per unit
distribution for the December 1996 quarter representing operating
cash flows will be made on or about February 14, 1997 to limited
partners of record on December 31, 1996. After this
distribution, the estimated value is $30.30 per unit. There is
no assurance that units can be sold at a price equal to this
estimated value, and this valuation is not necessarily
representative of the value of the units when the Partnership
ultimately liquidates its holdings.
T. ROWE PRICE REALTY INCOME FUND IV,
AMERICA'S SALES-COMMISSION-FREE REAL
ESTATE LIMITED PARTNERSHP
By: T. Rowe Price Realty Income
Fund IV Management, Inc., as
General Partner
By: /s/Lucy B. Robins
Lucy B. Robins
Vice President
