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):  January 8, 2007
                                                         -----------------------

                          ICON Leasing Fund Eleven, LLC
--------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


      Delaware                    000-51916                  20-1979428
---------------------    ----------------------------  -------------------------
   (State or Other          (Commission File Number)     (I.R.S. Employer
   Jurisdiction of                                        Identification
    Incorporation)                                        No.)


                           100 Fifth Avenue, 4th Floor
                            New York, New York 10011
--------------------------------------------------------------------------------
                    (Address of Principal Executive Offices)



                                 (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  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_] 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 Principal  Officers;  Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

     On  January  8, 2007,  Michael A.  Reisner,  36, was  appointed  the Chief
Financial  Officer of ICON Capital  Corp.,  the Manager of the  Registrant  (the
"Manager"). Mr. Reisner replaces Thomas W. Martin, who will continue to serve as
a director and the Chief Operating Officer of the Manager.  Since February 2006,
Mr. Reisner has been the Manager's Executive Vice President of Acquisitions. Mr.
Reisner was the Manager's Senior Vice President and General Counsel from January
2004 through January 2006 and the Manager's Vice President and Associate General
Counsel from March 2001 until December 2003.

     There is no family  relationship  between  Mr.  Reisner  and any  director,
executive  officer  or person  nominated  or chosen by the  Manager  to become a
director or executive  officer.  There are no  transactions in which Mr. Reisner
has an interest requiring disclosure under Item 404(a) of Regulation S-K.


<PAGE>


                                   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:  January 8, 2007
                                           By: /s/ Thomas W. Martin
                                              ----------------------------------
                                              Thomas W. Martin
                                              Chief Operating Officer
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{"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": "07517580"}, "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):  January 8, 2007
                                                         -----------------------

                          ICON Leasing Fund Eleven, LLC
--------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

      Delaware                    000-51916                  20-1979428
---------------------    ----------------------------  -------------------------
   (State or Other          (Commission File Number)     (I.R.S. Employer
   Jurisdiction of                                        Identification
    Incorporation)                                        No.)

                           100 Fifth Avenue, 4th Floor
                            New York, New York 10011
--------------------------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (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  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_] 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 Principal  Officers;  Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

     On  January  8, 2007,  Michael A.  Reisner,  36, was  appointed  the Chief
Financial  Officer of ICON Capital  Corp.,  the Manager of the  Registrant  (the
"Manager"). Mr. Reisner replaces Thomas W. Martin, who will continue to serve as
a director and the Chief Operating Officer of the Manager.  Since February 2006,
Mr. Reisner has been the Manager's Executive Vice President of Acquisitions. Mr.
Reisner was the Manager's Senior Vice President and General Counsel from January
2004 through January 2006 and the Manager's Vice President and Associate General
Counsel from March 2001 until December 2003.

     There is no family  relationship  between  Mr.  Reisner  and any  director,
executive  officer  or person  nominated  or chosen by the  Manager  to become a
director or executive  officer.  There are no  transactions in which Mr. Reisner
has an interest requiring disclosure under Item 404(a) of Regulation S-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:  January 8, 2007
                                           By: /s/ Thomas W. Martin
                                              ----------------------------------
                                              Thomas W. Martin
                                              Chief Operating Officer