SecProbe.io

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      May 20, 2005

Mail Stop 4561

VIA U.S. MAIL AND FAX 1-734-994-5202

Mr. Patrick L. Beach
President
Captec Franchise Capital Partners L.P. IV
24 Frank Lloyd Wright Drive, Lobby L, 4th Floor
P.O. Box 544
Ann Arbor, Michigan 48106-0544

RE:	Captec Franchise Capital Partners L.P. IV
Form 10-K for the year ended December 31, 2004
Form 10-Q for the quarter ended March 31, 2005
File no. 0-24105

Dear Mr. Beach:

We have reviewed the above referenced filings and have the
following
comments.  We have limited our review to only your financial
statements and related disclosures and will make no further review
of
your documents.  As such, all persons who are responsible for the
adequacy and accuracy of the disclosure are urged to be certain
that
they have included all information required pursuant to the
Securities Exchange Act of 1934.

Where indicated, we think you should revise your documents in
response to these comments.  If you disagree, we will consider
your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  In some of our comments, we ask you to provide us
with
supplemental information so we may better understand your
disclosure.
Please be as detailed as necessary in your explanation.  After
reviewing this information, we may or may not raise additional
comments.

Please understand that the purpose of our review process is to
assist
you in your compliance with the applicable disclosure requirements
and to enhance the overall disclosure in your filing.  We look
forward to working with you in these respects.  We welcome any
questions you may have about our comments or on any other aspect
of
our review.  Feel free to call us at the telephone numbers listed
at
the end of this letter.

Form 10-K for the year ended December 31, 2004

Report of Independent Registered Public Accounting Firm, page F-2
1. Please amend your Form 10-K to include your Report of
Independent
Registered Public Accounting Firm relating to the 2002 financial
statements indicating the name of the accountants as well as the
signature.

Note 1 - The Partnership and Its Significant Accounting Policies

Basis of Presentation, page F-7

2. We note that the limited partners approved a plan to liquidate
the
Partnership and dispose of all the assets of the Partnership.
Explain why the Partnership`s financial statements are not
presented
on the liquidation basis of accounting.

*    *    *    *

As appropriate, please amend your filing and respond to these
comments within 10 business days or tell us when you will provide
us
with a response.  Please file your response on EDGAR.  Please
understand that we may have additional comments after reviewing
your
amendment and responses to our comments.

We urge all persons who are responsible for the accuracy and
adequacy
of the disclosure in the filings reviewed by the staff to be
certain
that they have provided all information investors require for an
informed decision.  Since the company and its management are in
possession of all facts relating to a company`s disclosure, they
are
responsible for the accuracy and adequacy of the disclosures they
have made.

In connection with responding to our comments, please provide, in
writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filings;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filings; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

In addition, please be advised that the Division of Enforcement
has
access to all information you provide to the staff of the Division
of
Corporation Finance in our review of your filings or in response
to
our comments on your filings.

You may contact Kelly McCusker, Staff Accountant, at (202) 551-
3433
or the undersigned at (202) 551-3414 if you have questions.

						Sincerely,

      Jorge Bonilla
      Senior Staff Accountant

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Captec Franchise Capital Partners L.P. IV
May 20, 2005
Page 1

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