In this paper we study the fourth Painleve equation and how the concep
t of isomonodromy may be used to elucidate properties of its solutions
. This work is based on a Lax pair which is derived from an inverse sc
attering formalism for a derivative nonlinear Schrodinger system, whic
h in turn possesses a symmetry reduction that reduces it to the fourth
Painleve equation. It is shown how the monodromy data of our Lax pair
can be explicitly computed in a number of cases and the relationships
between special solutions of the monodromy equations and particular i
ntegrals of the fourth PainlevB equation are discussed. We use a gauge
transformation technique to derive Backlund transformations from our
Lax pair and generalize the findings to examine particular solutions a
nd Backlund transformations of a related nonlinear harmonic oscillator
equation.