<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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070 D020400 N
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070 E020400 N
070 F010400 N
070 F020400 N
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070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
<PAGE> PAGE 21
070 K020400 Y
070 L010400 Y
070 L020400 Y
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070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE> PAGE 22
072EE000400 0
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074 C000400 0
074 D000400 115863
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074 L000400 1763
074 M000400 23
074 N000400 117649
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074 R040400 92
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074 T000400 117376
074 U010400 11706
074 U020400 1
074 V010400 10.03
074 V020400 10.03
074 W000400 0.0000
074 X000400 701
074 Y000400 0
075 A000400 0
075 B000400 126743
076 000400 0.00
008 A000501 BANK IV KANSAS, N.A.
008 B000501 A
008 C000501 801-000000
008 D010501 WICHITA
008 D020501 KS
008 D030501 67202
028 A010500 3090
028 A020500 103
028 A030500 0
028 A040500 998
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028 B030500 0
<PAGE> PAGE 23
028 B040500 332
028 C010500 658
028 C020500 109
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<PAGE> PAGE 24
048 J010500 0
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050 000500 N
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055 B000500 N
056 000500 Y
057 000500 N
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070 B010500 N
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<PAGE> PAGE 25
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070 H020500 N
070 I010500 N
070 I020500 N
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070 J020500 N
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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008 A000801 BANK IV KANSAS N.A.
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
SIGNATURE DONALD BROSTROM
TITLE TREASURER & VP
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922638
<NAME> FUNDS IV TRUST
<SERIES>
<NUMBER> 11
<NAME> FUNDS IV TRUST US TREASURY RESERVE MONEY MARKET SERVICE
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> JUN-30-1996
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<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
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<OTHER-ITEMS-ASSETS> 0
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<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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(PRICE WATERHOUSE LLP LETTERHEAD) (PRICE WATERHOUSE LLP LOGO)
August 19, 1996
To the Board of Trustees of
FUNDS IV Trust
In planning and performing our audit of the financial statements of FUNDS IV
Trust (the "Trust") for the year ended June 30, 1996, we considered its
internal control structure, including procedures for safeguarding securities,
in order to determine our auditing procedures for the purposes of expressing
our opinion on the financial statements and to comply with the requirements of
Form N-SAR, and not to provide assurance on the internal control structure.
The management of the Trust is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and
related costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are appropriately
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it
may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
June 30, 1996.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
/s/Price Waterhouse LLP
PRICE WATERHOUSE LLP