1. Gymnosperms characteristically have sieve cells (rather than sieve tube elements) and associated specialized albuminous cells (analogous to companion cells in angiosperms) — statement I is true.
2. Phloem fibres are sclerenchymatous (sclerenchyma), not collenchyma — statement II is false.
3. Phloem parenchyma is generally present in many dicots — statement III is not a correct generalisation.
4. Most gymnosperms lack true vessels in xylem and instead have tracheids — statement IV is true.
5. Therefore the true statements are I and IV. Hence the correct answer is (3) I & IV.