SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


[X]		QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2002


[ ]		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO

Commission file number 0-18169

IEA INCOME FUND IX, L.P.

(Exact name of registrant as specified in its charter)


California		94-3069954




(State or other jurisdiction of		(I.R.S. Employer




incorporation or organization)		Identification No.)

One Front Street, 15th Floor, San Francisco, California 94111
(Address of principal executive offices) (Zip Code)

(415) 677-8990
(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X]. No [ ].

IEA INCOME FUND IX, L.P.

Report on Form 10-Q for the Quarterly Period
Ended September 30, 2002

TABLE OF CONTENTS


		PAGE

PART I — FINANCIAL INFORMATION




Item 1. Financial Statements




	Balance Sheets – September 30, 2002 (unaudited) and December 31, 2001		4




	Statements of Operations for the three months ended September 30, 2002 and 2001 (unaudited)		5




	Statements of Cash Flows for the three months ended September 30, 2002 and 2001 (unaudited)		6




	Notes to Financial Statements (unaudited)		7




Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			12




Item 3. Quantitative and Qualitative Disclosures About Market Risk			16




Item 4. Controls and Procedures			16




PART II — OTHER INFORMATION




Item 6. Exhibits and Reports on Form 8-K			17

PART I — FINANCIAL INFORMATION


Item 1.		Financial Statements









		Presented herein are the Registrant’s balance sheets as of September 30, 2002 and December 31, 2001, statements of operations for the three and nine months ended September 30, 2002 and 2001, and statements of cash flows for the nine months ended September 30, 2002 and 2001.

IEA INCOME FUND IX, L.P.

Balance Sheets

(Unaudited)


					September 30,			December 31,
					2002			2001

				Assets




Current assets:




	Cash and cash equivalents, includes $398,289 at September 30, 2002 and $477,367 at December 31, 2001 in interest-bearing accounts				$	438,074		$	492,681




	Net lease receivables due from Leasing Company (notes 1 and 2)					—			30,994

			Total current assets			438,074			523,675

Container rental equipment, at cost						6,528,533			8,725,806




	Less accumulated depreciation					4,807,833			6,004,447

		Net container rental equipment				1,720,700			2,721,359

			Total assets		$	2,158,774		$	3,245,034





				Liabilities and Partners’ Capital




Current liabilities
Net lease payable due to Leasing Company (notes 1 and 2)					$	7,875		$	—





			Total liabilities			7,875			—

Partners’ capital (deficit):




	General partner					(110,105	)		(84,404	)




	Limited partners					2,261,004			3,329,438

			Total partners’ capital			2,150,899			3,245,034

			Total liabilities and partners’ capital		$	2,158,774		$	3,245,034

The accompanying notes are an ontegral part of these financial statements.

IEA INCOME FUND IX, L.P.

Statements of Operations

(Unaudited)


			Three Months Ended						Nine Months Ended

			September 30,			September 30,			September 30,			September 30,
			2002			2001			2002			2001

Net lease revenue (notes 1 and 3)			$	90,656		$	156,570		$	293,271		$	575,886




Other operating expenses:




	Depreciation			114,848			162,185			385,813			400,505




	Other general and administrative expenses			14,114			15,432			42,522			54,325




	Net loss on disposal of equipment			33,508			9,933			143,645			68,784

		(Loss) income from operations		(71,814	)		(30,980	)		(278,709	)		52,272




Other income:




	Interest income			1,243			3,930			4,221			17,208

		Net (loss) income	$	(70,571	)	$	(27,050	)	$	(274,488	)	$	69,480

Allocation of net (loss) income:




	General partner		$	(706	)	$	7,332		$	(2,745	)	$	28,873




	Limited partners			(69,865	)		(34,382	)		(271,743	)		40,607

			$	(70,571	)	$	(27,050	)	$	(274,488	)	$	69,480

Limited partners’ per unit share of net (loss) income			$	(2.06	)	$	(1.01	)	$	(7.99	)	$	1.19

The accompanying notes are an ontegral part of these financial statements.

IEA INCOME FUND IX, L.P.

Statements of Cash Flows

(Unaudited)


		Nine Months Ended

		September 30,			September 30,
		2002			2001

Net cash provided by operating activities		$	286,662		$	582,659




Cash flows provided by investing activities:




	Proceeds from sale of container rental equipment		478,378			368,658




Cash flows used in financing activities:




	Distribution to partners		(819,647	)		(1,219,478	)

Net decrease in cash and cash equivalents			(54,607	)		(268,161	)




Cash and cash equivalents at January 1			492,681			741,214

Cash and cash equivalents at September 30		$	438,074		$	473,053

The accompanying notes are an ontegral part of these financial statements.

IEA INCOME FUND IX, L.P.

IEA INCOME FUND IX L P 10-Q