CURRENT REPORT

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

         Date of Report (date of earliest event reported): March 7, 2006


                          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)

 -------------------------------------------------------------------------------
          (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 2.01         Completion of Acquisition or Disposition of Assets

     On March 7, 2006, ICON Leasing Fund Eleven,  LLC ("Fund Eleven")  completed
the acquisition of  substantially  all of the equipment  leasing  portfolio (the
"Leasing  Portfolio") of Clearlink  Capital  Corporation,  a financial  services
provider based in Mississauga, Ontario, Canada ("Clearlink").

     Clearlink was established in 1984. Based in Mississauga,  Ontario,  Canada,
Clearlink  was a financial  services  company that  focused on  providing  lease
financing  for  companies  seeking  to  acquire  technology  related  equipment.
Clearlink  had access to a full range of asset  acquisition,  configuration  and
installation  services  in  addition  to  offering  asset  management  solutions
including,  administrative  reporting and efficiency and performance monitoring.
Clearlink operated throughout North America.

     The Leasing  Portfolio is comprised  mainly of  information  technology and
technology-related  equipment,  including  personal  computers and client/server
equipment that perform  business-related  functions such as database  inquiries.
Fund Eleven acquired the Leasing Portfolio, which has an original equipment cost
of approximately CDN$235,000,000,  for approximately CDN$166,000,000 in cash and
the assumption of non-recourse debt and other obligations related thereto, which
amount  includes  a further  asset  sale of  approximately  CDN$24,000,000  that
Clearlink has,  subject to certain events,  committed to complete and is subject
to a post-closing adjustment, if any, based on a final review of the composition
of the  Leasing  Portfolio.  As of February  28,  2006,  the  Leasing  Portfolio
consisted of  approximately  1,100 equipment  schedules  originated by Clearlink
with predominantly large, investment grade lessees.


ITEM 9.01 Financial Statements and Exhibits.

(b) Pro Forma Financial Information.

     Pursuant to Item 9.01(b)(2) and Item  9.01(a)(4),  Fund Eleven will provide
the required pro forma  financial  information  relative to the  acquisition not
later than  seventy-one  (71)  calendar  days after the due date of this current
report on Form 8-K.


                                   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:  March 9, 2006                    By:/s/ Thomas W. Martin
                                           ---------------------
                                          Thomas W. Martin
                                          Executive Vice President
[{"type": "8-K", "sequence": "1", "filename": "eleven.txt", "secsgml_size_bytes": 4759}]
{"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": "06676228"}, "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"}}
CURRENT REPORT

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

         Date of Report (date of earliest event reported): March 7, 2006

                          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)

 -------------------------------------------------------------------------------
          (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 2.01         Completion of Acquisition or Disposition of Assets

     On March 7, 2006, ICON Leasing Fund Eleven,  LLC ("Fund Eleven")  completed
the acquisition of  substantially  all of the equipment  leasing  portfolio (the
"Leasing  Portfolio") of Clearlink  Capital  Corporation,  a financial  services
provider based in Mississauga, Ontario, Canada ("Clearlink").

     Clearlink was established in 1984. Based in Mississauga,  Ontario,  Canada,
Clearlink  was a financial  services  company that  focused on  providing  lease
financing  for  companies  seeking  to  acquire  technology  related  equipment.
Clearlink  had access to a full range of asset  acquisition,  configuration  and
installation  services  in  addition  to  offering  asset  management  solutions
including,  administrative  reporting and efficiency and performance monitoring.
Clearlink operated throughout North America.

     The Leasing  Portfolio is comprised  mainly of  information  technology and
technology-related  equipment,  including  personal  computers and client/server
equipment that perform  business-related  functions such as database  inquiries.
Fund Eleven acquired the Leasing Portfolio, which has an original equipment cost
of approximately CDN$235,000,000,  for approximately CDN$166,000,000 in cash and
the assumption of non-recourse debt and other obligations related thereto, which
amount  includes  a further  asset  sale of  approximately  CDN$24,000,000  that
Clearlink has,  subject to certain events,  committed to complete and is subject
to a post-closing adjustment, if any, based on a final review of the composition
of the  Leasing  Portfolio.  As of February  28,  2006,  the  Leasing  Portfolio
consisted of  approximately  1,100 equipment  schedules  originated by Clearlink
with predominantly large, investment grade lessees.

ITEM 9.01 Financial Statements and Exhibits.

(b) Pro Forma Financial Information.

     Pursuant to Item 9.01(b)(2) and Item  9.01(a)(4),  Fund Eleven will provide
the required pro forma  financial  information  relative to the  acquisition not
later than  seventy-one  (71)  calendar  days after the due date of this current
report on Form 8-K.

                                   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:  March 9, 2006                    By:/s/ Thomas W. Martin
                                           ---------------------
                                          Thomas W. Martin
                                          Executive Vice President