-----------------------------
                                                                    OMB APPROVAL
                                                   -----------------------------
                                                   -----------------------------
                                                        OMB Number:    3235-0060
                                                        Expires:January 31, 2008
                                                        Estimated average burden
                                                        hours per response  38.0
                                                   -----------------------------



                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (date of earliest event reported): December 30, 2005


                          ICON LEASING FUND ELEVEN, LLC
 -------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


      Delaware                  333-121790                20-1979428
 ------------------------------------------------------------------------------
     (State of                 (Commission               (IRS Employer
   Incorporation)               File Number)            Identification No.)


                           100 Fifth Avenue, 4th Floor
                            New York, New York 10011
 -------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


                                 (212) 418-4700
 -------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

                          100 Fifth Avenue, 10th Floor
                            New York, New York 10011
 -------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the  appropriate  box below if the Form 8-K is intended to  simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions:

|_|  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

|_|  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 8.01 Other Events

     ICON Leasing Fund Eleven, LLC ("Fund Eleven"), together with certain of its
affiliates, has agreed to purchase state-of-the-art telecommunications equipment
from various  vendors which,  once  purchased,  will be subject to a forty-eight
(48) month lease with Global Crossing  Telecommunications,  Inc. Global Crossing
Telecommunications,  Inc.  is  an  Internet  protocol  based  telecommunications
provider that delivers  voice,  video and data services to its  customers.  Fund
Eleven's  portion  of the  purchase  price for the  equipment  is  approximately
$7,700,000.

     In addition, Fund Eleven, together with one of its affiliates, entered into
an agreement for the purchase of  industrial  gas meters and  accompanying  data
gathering  equipment  which will be  subject  to a lease  with EAM  Assets  Ltd.
expiring in 2013.  EAM Assets Ltd. is a meter asset manager that is  responsible
for  maintaining  industrial  gas meters in the United  Kingdom.  Fund  Eleven's
portion  of the  purchase  price  for the  Equipment  is  approximately  (Pounds
Sterling) 3,250,000.

     Finally,  Fund Eleven,  together with one of its affiliates,  has agreed to
purchase digital audio/visual  entertainment  systems which will be subject to a
lease with AeroTV  Ltd.  expiring in 2008.  AeroTV  Ltd.,  which is based in the
United  Kingdom,  is a provider of on board  digital video systems for airlines,
rail and coach  operators.  Fund Eleven's  portion of the purchase price for the
equipment is approximately (Pounds Sterling) 1,615,000.

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                         ICON LEASING FUND ELEVEN, LLC
                                    By:  ICON CAPITAL CORP., its Manager


Dated:  December 30, 2005               By:/s/ Thomas W. Martin
                                           --------------------------------
                                           Thomas W. Martin
                                           Executive Vice President
[{"type": "8-K", "sequence": "1", "filename": "eleven.txt", "secsgml_size_bytes": 5007}]
{"company-data": {"conformed-name": "ICON Leasing Fund Eleven, LLC", "cik": "0001312910", "assigned-sic": "7359", "irs-number": "201979428", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-121790", "film-number": "051293440"}, "business-address": {"street1": "100 FIFTH AVENUE", "street2": "TENTH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10011", "phone": "2124184700"}, "mail-address": {"street1": "100 FIFTH AVENUE", "street2": "TENTH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10011"}}
-----------------------------
                                                                    OMB APPROVAL
                                                   -----------------------------
                                                   -----------------------------
                                                        OMB Number:    3235-0060
                                                        Expires:January 31, 2008
                                                        Estimated average burden
                                                        hours per response  38.0
                                                   -----------------------------

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (date of earliest event reported): December 30, 2005

                          ICON LEASING FUND ELEVEN, LLC
 -------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

      Delaware                  333-121790                20-1979428
 ------------------------------------------------------------------------------
     (State of                 (Commission               (IRS Employer
   Incorporation)               File Number)            Identification No.)

                           100 Fifth Avenue, 4th Floor
                            New York, New York 10011
 -------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (212) 418-4700
 -------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

                          100 Fifth Avenue, 10th Floor
                            New York, New York 10011
 -------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the  appropriate  box below if the Form 8-K is intended to  simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions:

|_|  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

|_|  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events

     ICON Leasing Fund Eleven, LLC ("Fund Eleven"), together with certain of its
affiliates, has agreed to purchase state-of-the-art telecommunications equipment
from various  vendors which,  once  purchased,  will be subject to a forty-eight
(48) month lease with Global Crossing  Telecommunications,  Inc. Global Crossing
Telecommunications,  Inc.  is  an  Internet  protocol  based  telecommunications
provider that delivers  voice,  video and data services to its  customers.  Fund
Eleven's  portion  of the  purchase  price for the  equipment  is  approximately
$7,700,000.

     In addition, Fund Eleven, together with one of its affiliates, entered into
an agreement for the purchase of  industrial  gas meters and  accompanying  data
gathering  equipment  which will be  subject  to a lease  with EAM  Assets  Ltd.
expiring in 2013.  EAM Assets Ltd. is a meter asset manager that is  responsible
for  maintaining  industrial  gas meters in the United  Kingdom.  Fund  Eleven's
portion  of the  purchase  price  for the  Equipment  is  approximately  (Pounds
Sterling) 3,250,000.

     Finally,  Fund Eleven,  together with one of its affiliates,  has agreed to
purchase digital audio/visual  entertainment  systems which will be subject to a
lease with AeroTV  Ltd.  expiring in 2008.  AeroTV  Ltd.,  which is based in the
United  Kingdom,  is a provider of on board  digital video systems for airlines,
rail and coach  operators.  Fund Eleven's  portion of the purchase price for the
equipment is approximately (Pounds Sterling) 1,615,000.

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                         ICON LEASING FUND ELEVEN, LLC
                                    By:  ICON CAPITAL CORP., its Manager

Dated:  December 30, 2005               By:/s/ Thomas W. Martin
                                           --------------------------------
                                           Thomas W. Martin
                                           Executive Vice President