UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                              --------------------

                                    FORM 8-K

                                 CURRENT REPORT

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

       Date of Report (date of earliest event reported): November 6, 2006


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


             Delaware                000-51916                20-1979428
--------------------------------------------------------------------------------
    (State of Incorporation)       (Commission File          (IRS Employer
                                    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)


--------------------------------------------------------------------------------
          (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 5.02  Departure of Directors or Certain  Officers;  Election of  Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     (b) On November 6, 2006, Paul B. Weiss and the ultimate parent (the "Parent
Company") of ICON Capital Corp.,  the manager of the Registrant (the "Manager"),
reached an agreement in  principle  whereby Mr. Weiss will sell his  stockholder
interest in the Parent  Company to the Parent  Company (the  "Transaction").  In
connection  with the  Transaction,  Mr.  Weiss will resign as  President  of the
Manager  effective as of the date of the  consummation of the  Transaction,  but
will  continue  to serve as a director  of the  Manager  through  the end of the
Registrant's current offering of Shares.




                                   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:  November 7, 2006                        By: /s/ Thomas W. Martin
                                                    ----------------------------
                                                    Thomas W. Martin
                                                    Chief Operating Officer
[{"type": "8-K", "sequence": "1", "filename": "eleven.txt", "secsgml_size_bytes": 3726}]
{"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": "000-51916", "film-number": "061193306"}, "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"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                              --------------------

                                    FORM 8-K

                                 CURRENT REPORT

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

       Date of Report (date of earliest event reported): November 6, 2006

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

             Delaware                000-51916                20-1979428
--------------------------------------------------------------------------------
    (State of Incorporation)       (Commission File          (IRS Employer
                                    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)

--------------------------------------------------------------------------------
          (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 5.02  Departure of Directors or Certain  Officers;  Election of  Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     (b) On November 6, 2006, Paul B. Weiss and the ultimate parent (the "Parent
Company") of ICON Capital Corp.,  the manager of the Registrant (the "Manager"),
reached an agreement in  principle  whereby Mr. Weiss will sell his  stockholder
interest in the Parent  Company to the Parent  Company (the  "Transaction").  In
connection  with the  Transaction,  Mr.  Weiss will resign as  President  of the
Manager  effective as of the date of the  consummation of the  Transaction,  but
will  continue  to serve as a director  of the  Manager  through  the end of the
Registrant's current offering of Shares.

                                   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:  November 7, 2006                        By: /s/ Thomas W. Martin
                                                    ----------------------------
                                                    Thomas W. Martin
                                                    Chief Operating Officer