WNC CALIFORNIA HOUSING TAX CREDITS IV, L.P.,
SERIES 5
[GRAPHIC OMITTED]
Supplement Dated May 31, 1996
To Prospectus Dated July 26, 1994
This Supplement is part of, and should be read in conjunction with, the
Prospectus of WNC California Housing Tax Credits IV, L.P., Series 5 ("SERIES 5")
dated July 26, 1994 (the "Prospectus"), the Supplement dated April 30, 1996 to
the Prospectus, and the Supplement dated May 10, 1996 to the Prospectus.
Capitalized terms used but not defined in this Supplement have the meanings
given to them in the Prospectus.
PLAN OF DISTRIBUTION
Sale of Units
Enova Financial Corporation, a California corporation which is not an
Affiliate of SERIES 5 or the General Partner, has purchased 2,940 Units, which
represents approximately 48.4% of the Units outstanding as of the date hereof.
