UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-Q



     [x ] Quarterly  Report  Pursuant  to Section 13 or 15(d) of the  Securities
Exchange Act of 1934

For the quarterly period ended              March 31, 2004
                              --------------------------------------------------

     [ ]  Transition  Report  Pursuant to Section 13 or 15(d) of the  Securities
Exchange Act of 1934

for the transition period from ________________________ to ____________________

Commission File Number                  000-50654

                            ICON Income Fund Ten, LLC
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         Delaware                                         35-2193184
--------------------------------------------------------------------------------
(State or other jurisdiction of             (IRS Employer Identification Number)
incorporation or organization)


 100 Fifth Avenue, 10th floor, New York, New York                        10011
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)


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



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. [x] Yes [ ] No

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Rule 12b-2 of the Exchange Act). [ ] Yes [x] No
<PAGE>

PART I - FINANCIAL INFORMATION
------------------------------

Item 1.  Financial Statements
-----------------------------


                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

                      Condensed Consolidated Balance Sheets

<TABLE>
<CAPTION>

                                                                             (unaudited)
                                                                              March 31,       December 31,
                                                                                2004              2003
                                                                                ----              ----

   Assets
   ------
<S>                                                                        <C>               <C>
Cash and cash equivalents                                                  $    6,545,349    $  15,908,041

Investments in operating leases
   Equipment at cost                                                           24,166,803        2,880,000
   Accumulated depreciation                                                      (383,990)        (219,423)
                                                                           --------------    -------------

                                                                               23,782,813        2,660,577

Escrow deposit                                                                 18,400,000           -
Equipment held for sale or lease, net                                             624,312          665,321

Prepaid service fees, net                                                       2,244,030        1,417,995
Due from Manager and affiliates, net                                              194,867               38
                                                                           --------------    -------------

Total assets                                                               $   51,791,371    $  20,651,972
                                                                           ==============    =============

  Liabilities and Members' Equity
  -------------------------------

Notes payable - non-recourse                                               $   17,672,027    $        -
Security deposits and other liabilities                                           250,321          233,524
Refunds payable                                                                       -            203,000
Due to Manager                                                                        -             50,159
Minority interest in consolidated joint venture                                 1,028,910             -
                                                                           --------------    -------------

Total liabilities                                                              18,951,258          486,683
                                                                           --------------    --------------

Commitments and Contingencies

Members' equity
   Manager (one share outstanding, $1,000 per share original issue price)         (13,389)          (3,092)
   Additional members (39,605.640 and 23,784.330 shares outstanding,
     $1,000 per share original issue price)                                    32,853,502       20,168,381
                                                                           --------------    -------------

Total members' equity                                                          32,840,113       20,165,289
                                                                           --------------    -------------

Total liabilities and members' equity                                      $   51,791,371    $  20,651,972
                                                                           ==============    =============

</TABLE>

See accompanying notes to condensed consolidated financial statements.

<PAGE>
                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

                 Condensed Consolidated Statement of Operations

                    For the Three Months Ended March 31, 2004

                                   (unaudited)



Revenues
   Rental income                                                $      275,871
                                                                --------------

   Total revenues                                                      275,871
                                                                --------------

Expenses
   Depreciation expense                                                205,576
   Amortization of prepaid service fees                                202,350
   Management fees - Manager                                           122,966
   Administrative expense reimbursements - Manager                     190,574
   General and administrative                                           19,108

   Total expenses                                                      740,574
                                                                --------------

Net loss                                                        $     (464,703)
                                                                ==============

Net loss allocable to:
   Managing member                                              $       (4,647)
   Additional members                                                 (460,056)
                                                                --------------

                                                                $     (464,703)
                                                                ==============

Weighted average number of additional member
   shares outstanding                                                   31,108
                                                                ==============

Net loss per weighted average additional
   member shares                                                $       (14.79)
                                                                ==============











See accompanying notes to condensed consolidated financial statements.
<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

         Condensed Consolidated Statement of Changes in Members' Equity

                    For the Three Months Ended March 31, 2004

                                   (unaudited)

<TABLE>
<CAPTION>


                                 Additional Members Distributions
                                 --------------------------------

                                      Return of    Investment         Additional      Managing
                                       Capital       Income             Members        Member           Total
                                       -------       ------             -------        ------           -----
                                    (Per weighted average share)


<S>                                   <C>           <C>            <C>              <C>           <C>
Balance at January 1, 2004                                         $    20,168,381  $     (3,092) $   20,165,289

Proceeds from issuance of additional
  members shares (15,821.31 shares)                                     15,821,310            -       15,821,310

Sales and offering expenses                                             (2,116,737)           -       (2,116,737)

Cash distributions to members         $ 17.98       $    -                (559,396)       (5,650)       (565,046)

Net loss                                                                  (460,056)       (4,647)       (464,703)
                                                                   ---------------  ------------  --------------

Balance at March 31, 2004                                          $    32,853,502  $    (13,389) $   32,840,113
                                                                   ===============  ============  ===============

</TABLE>








See accompanying notes to condensed consolidated financial statements.
<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

                 Condensed Consolidated Statement of Cash Flows

                    For The Three Months Ended March 31, 2004

                                   (unaudited)

Cash flows from operating activities:
   Net loss                                                  $     (464,703)
                                                             --------------
   Adjustments to reconcile net loss to
     net cash used in operating activities:
       Depreciation expense                                         205,576
       Amortization of prepaid service fees                         202,350
       Changes in operating assets and liabilities:
         Due from Manager and affiliates, net                      (194,829)
         Security deposits and other liabilities                      4,297
         Refunds payable                                           (203,000)
         Due to Manager                                             (50,159)
                                                             --------------

         Total adjustments                                          (35,765)
                                                             --------------

   Net cash used in operating activities                           (500,468)
                                                             --------------

Cash flows from investing activities:
   Investment in equipment                                       (3,602,276)
   Escrow deposit made                                          (18,400,000)
   Services fees paid                                            (1,028,385)
                                                             --------------

   Net cash used in investing activities                        (23,030,661)
                                                             ---------------

Cash flows from financing activities:
   Issuance of additional membership shares, net
     of sales and offering expenses paid                         13,704,573
   Cash distributions to members                                   (565,046)
   Minority interest contribution                                 1,028,910
                                                             ---------------

   Net cash provided by financing activities                     14,168,437
                                                             --------------

Net decrease in cash and cash equivalents                        (9,362,692)

Cash and cash equivalents at beginning of period                 15,908,041
                                                             --------------

Cash and cash equivalents at end of period                   $    6,545,349
                                                             ==============





                                                        (Continued on next page)
<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

           Condensed Consolidated Statement of Cash Flows (Continued)

                    For The Three Months Ended March 31, 2004

                                   (unaudited)


Supplemental Disclosures of Cash Flow Information
-------------------------------------------------

For the period ended March 31, 2004, non-cash activities included the following:



Non-cash portion of equipment purchased           $    17,684,527

Other liabilities assumed in purchase price               (12,500)

Non-recourse notes assumed in purchase price          (17,672,027)
                                                  ---------------

                                                  $         -
                                                  ===============










See accompanying notes to condensed consolidated financial statements.
<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

              Notes to Condensed Consolidated Financial Statements

                                 March 31, 2004
                                   (unaudited)

1.   Basis of Presentation

     The condensed financial statements of ICON Income Fund Ten, LLC (the "LLC")
have been prepared  pursuant to the rules and  regulations of the Securities and
Exchange  Commission (the "SEC") and, in the opinion of management,  include all
adjustments  (consisting only of normal recurring accruals) necessary for a fair
statement  of results for the period  shown.  Certain  information  and footnote
disclosures  normally  included in financial  statements  prepared in accordance
with accounting  principles  generally  accepted in the United States of America
have been  condensed  or  omitted  pursuant  to such SEC rules and  regulations.
Management  believes  that  the  disclosures  made  are  adequate  to  make  the
information  presented not misleading.  These condensed  consolidated  financial
statements should be read in conjunction with the financial statements and notes
included in the LLC's 2003 Annual  Report Form 10-K.  The results of  operations
and cash flows for the three  months  ended March 31,  2004 are not  necessarily
indicative of the results of operations and cash flows which may be reported for
the remainder of 2004.

2.   Organization

     The LLC was  formed on  January  2, 2003 as a  Delaware  Limited  Liability
Company.  The  initial  capitalization  of the LLC was  $1,000  by the  Managing
Member. The LLC is offering membership  interests on a "best efforts" basis with
the intention of raising up to $150,000,000 of capital.  The LLC had its initial
closing  on August  22,  2003 when it  admitted  5,065.736  additional  members,
representing  $5,065,736 in capital contributions.  As of March 31, 2004 the LLC
had admitted a further 34,539.904 additional members,  representing  $34,539,904
in  capital   contributions,   bringing  the  total  capital  contributions  and
additional member shares to $39,605,640 and 39,605.640, respectively.

     The Manager, ICON Capital Corp., is a Connecticut corporation.  The Manager
manages and  controls  the business  affairs of the LLC's  equipment  leases and
financing transactions under the terms of a management agreement with the LLC.

3.  Related Party Transactions

     Fees  and  expenses  paid  or  accrued  by the  LLC to the  Manager  or its
affiliates for the three months ended March 31, 2004 are as follows:


Prepaid service fees                   $  1,028,385   Capitalized
Organizing and offering expenses            532,689   Charged to members' equity
Underwriting commissions                    316,426   Charged to members' equity
Management fees                             122,966   Charged to operations
Administrative expense reimbursements       190,574   Charged to operations
                                       ------------

Total                                  $  2,191,040
                                       ============

     Included in Due from Manager and affiliates,  of $194,867 net, is $351,298,
that  the  Manager  has  elected  to  reimburse  the LLC for its  administrative
expenses.  This  reimbursement  was made by the Manager to the LLC in the second
quarter.

     For the quarter ended March 31, 2004, the LLC had a net receivable due from
affiliates  of  $38,948,  of which  $38,910 is due from ICON Income Fund Eight A
L.P.  ("Fund Eight A") for its  investment in a joint  venture.  (See Note 4 for
additional information relating to the joint venture).


<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

        Notes to Condensed Consolidated Financial Statements - Continued

4.  Consolidated Joint Venture

    ICON Aircraft 46837, LLC
    ------------------------

     In March  2004,  the LLC and an  affiliate,  Fund  Eight A,  formed a joint
venture,  ICON Aircraft 46837, LLC ("ICON Aircraft  46837"),  for the purpose of
acquiring and managing a McDonnell Douglas DC-10-30F  aircraft on lease to Fedex
Corporation  through  March  2007.  The LLC  and  Fund  Eight  A have  identical
investment objectives and participate on the same terms and conditions.  The LLC
has a right of first refusal to purchase the equipment,  on a pro-rata basis, if
the affiliate  desires to sell its interest in the equipment.  The joint venture
is majority owned and consolidated with the LLC.

     The purchase  price of the aircraft  totaled  $21,250,753  which was funded
with cash of  $3,566,226,  the  assumption of other  liabilities  of $12,500 and
non-recourse  debt of  $17,672,027.  The  debt  has an  interest  rate of 4% and
matures in March 2007. The lenders have a security  interest in the aircraft and
an assignment of the rental payments under the lease. Legal fees of $36,050 were
also paid and capitalized as part of the cost of the aircraft.

     The  LLC  and  Fund  Eight  A  acquired   interests  of  71.4%  and  28.6%,
respectively,  in ICON Aircraft 46837. Fund Eight A has an option to purchase an
additional interest in ICON Aircraft 46837, which expires on September 30, 2004.
If Fund Eight A exercises this option their ownership interest would increase to
90% and the LLC would have a 10% interest in ICON Aircraft  46837.  The exercise
price of the option is $2,130,604.

     The LLC's condensed  consolidated  financial statements include 100% of the
assets,  liabilities,  revenues and expenses of ICON Aircraft 46837.  Fund Eight
A's  investment  in ICON  Aircraft  46837 is reflected  as minority  interest in
consolidated joint venture on the condensed consolidated balance sheet.

5.   Escrow Deposit

     In March 2004, the LLC, through two special purpose  entities  (SPEs)--ICON
Containership I, LLC and ICON  Containership II, LLC-- entered into a Memorandum
of  Agreement  for the  purchase  of two (2)  shipping  container  vessels  (the
"Vessels") from ZIM Israel Navigation Co., Ltd ("ZIM").  Subsequently,  in April
2004, the LLC, again through the SPEs,  negotiated a bareboat charter  agreement
with  ZIM for the use of the  Vessels  and  entered  into the  bareboat  charter
agreement in May 2004. The purchase price for the Vessels is  approximately  $70
million, and is comprised of approximately $18 million in cash and approximately
$52 million in non-recourse  debt. The LLC paid the cash portion of the purchase
price to an intermediary upon the execution of the Memorandum of Agreement.

     ZIM,  owned  by  the  Israel  Corporation  Ltd.,  is  one  of  the  largest
container-shipping  companies in the world and the flagship of Israeli shipping.
ZIM offers transportation services along most of the major international trading
routes to customers  throughout the world.  From its corporate  headquarters  in
Haifa,  it  operates an  intermodal  system  which  combines  sea,  land and air
transportation  services  around the world.  It ranks  tenth  among the  world's
container service operators and fifteenth as a maritime container operator.  The
ultimate parent, the Ofer Group, is the 6th largest maritime tonnage supplier on
a global basis.
<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

        Notes to Condensed Consolidated Financial Statements - Continued

6.  Subsequent Event

     The LLC and an  affiliate,  ICON Income Fund Nine,  formed a joint  venture
ICON GeicJV,  for the purpose of entering into a binding  agreement with Ontario
Credit  Corp.  to  acquire  the  right,  title and  interest  in four  equipment
schedules on lease to Government Employee Insurance Co. ("GEICO").  On April 30,
2004, the LLC closed on its contractual agreement and attained a 74% interest in
the  equipment  schedules to be managed  under the joint  venture.  The purchase
price  for the  equipment  schedules  were  $5,852,197,  of  which  the LLC paid
$4,330,626.

<PAGE>


                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

                                 March 31, 2004

Item 2. Manager's  Discussion and Analysis of Financial Condition and Results of
Operations

     Forward-Looking  Information - The following discussion and analysis should
be read in  conjunction  with the audited  financial  statements and notes dated
December  31, 2003  included in the LLC's  annual  report on Form 10-K.  Certain
statements within this document may constitute  forward-looking  statements made
pursuant  to the safe harbor  provision  of the  Private  Securities  Litigation
Reform  Act  of  1995.   These  statements  are  identified  by  words  such  as
"anticipate," "believe," "estimate," "expects," "intend," "predict" or "project"
and similar  expressions.  This information may involve risks and  uncertainties
that could cause actual results to differ  materially  from the  forward-looking
statements.  Although the LLC believes that the  expectations  reflected in such
forward-looking statements are based on reasonable assumptions,  such statements
are subject to risks and uncertainties that could cause actual results to differ
materially from those projected.

Results of Operations for the Three Months ended March 31, 2004

     The LLC commenced  operations on August 22, 2003, therefore a comparison to
the first quarter of 2003 is not discussed.

     During the three months ended March 31, 2004,  the LLC acquired an aircraft
through a joint  venture  arrangement  with an  affiliate in which the LLC has a
71.4% interest.  The aircraft was acquired for cash of $3,602,276,  of which the
LLC  contributed  $2,602,276 to the joint  venture,  and the assumption of other
liabilities  of  $12,500  and  non-recourse  debt of  $17,672,027.  The LLC also
entered  into  negotiations  to purchase two shipping  container  vessels.  As a
result of these negotiations, $18,400,000 is being held in escrow in expectation
of consummation of this transaction.

     Revenues for the three months ended March 31, 2004 were $275,871  comprised
solely of rental income. Expenses for the three months ended March 31, 2004 were
$740,574  comprised  of  depreciation  and  amortization  expense of $407,926,
management fees - Manager of $122,966,  administrative  expense reimbursements -
Manager  of  $190,574  and  general  and  administrative  expenses  of  $19,108.
The results of operations reflect the LLC's level of operations.

     Net loss for the three  months ended March 31, 2004 was  $464,703.  The net
loss per weighted average additional member shares was $14.79.

Liquidity and Capital Resources

     From  time to  time  the LLC  will  invest  in  industries,  equipment,  or
geopolitical  regions that may be subject to outside  influences that may affect
the LLC's  investments.  While these factors are considered when the investments
are made,  unforeseen  events such as those that  occurred on September 11, 2001
can have far-reaching and unpredictable adverse consequences. The following is a
discussion of some assets that may fall into this category.

     Aircraft Rotables:  The LLC is the lessor of certain aircraft rotables used
on  Boeing  767  aircraft.  The  value  of  this  equipment  is  subject  to the
fluctuations of the airline industry,  which are greatly  influenced by a number
of factors  including,  but not limited  to, the global  economy,  fuel  prices,
political instability, terrorist activity, and epidemics such as SARS.

<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

                                 March 31, 2004

     Management  anticipates that the LLC will continue to sell shares and admit
members.  The LLC had its first  admission of  additional  members on August 22,
2003 and through March 31, 2004, had admitted  additional  members  representing
39,605.640 shares totaling gross proceeds of $39,605,640,  from which $7,901,988
was  used  for  service  fees  (referred  to as  formation  fees  in  the  LLC's
prospectus),  sales and offering  expenses.  The LLC made cash  distributions to
members of $565,046 during the quarter ended March 31, 2004. Such  distributions
are  reflected  as a  return  of  capital,  as the LLC  recorded  a loss for the
quarter.

     For the three  months  ended March 31, 2004,  the LLC's  primary  source of
liquidity  was  from  financing  activities.   Proceeds  from  the  issuance  of
additional members shares, net of sales and offering expenses, were $13,704,573.
These funds, as well as funds held in reserve by the LLC, were used primarily in
investing activities.  Equipment subject to an operating lease was purchased for
$3,602,276  and  $18,400,000  was  also  transferred  to  escrow  for a  pending
acquisition.  The LLC is  expected to continue  acquiring  equipment  subject to
lease, and also make other types of related investments.

     Subsequent Event - The LLC and an affiliate,  ICON Income Fund Nine, formed
a joint  venture,  ICON  GeicJV,  for the  purpose  of  entering  into a binding
agreement with Ontario Credit Corp. to acquire the right,  title and interest in
four  equipment   schedules  on  lease  to  Government  Employee  Insurance  Co.
("GEICO").  On April 30, 2004, the LLC closed on its  contractual  agreement and
attained a 74% interest in the equipment schedules to be managed under the joint
venture. The purchase price for the equipment schedules was $5,852,197, of which
the LLC paid $4,330,626.

     The LLC's cash flow from  operating  activities  may be less than the LLC's
current level of expenses.  To the extent that cash flow is  insufficient to pay
such  expenses,  the LLC may be  required  to sell  assets  prior to maturity or
borrow against future cash flows.

     As of  March  31,  2004,  except  as  noted  above,  and to the best of our
knowledge,  there  were no known  trends  or  demands,  commitments,  events  or
uncertainties  which are likely to have a material effect on liquidity.  As cash
is realized from the continued offering,  operations or borrowings, the LLC will
continue to invest in transactions,  while retaining sufficient cash to meet its
reserve requirements and recurring obligations.

     We do not  consider  the impact of inflation to be material in the analysis
of our overall operations.

Item 3.  Qualitative and Quantitative Disclosures About Market Risk

     The LLC is exposed to certain market risks,  including  changes in interest
rates and the demand for equipment (and the related  residuals) owned by the LLC
and its investees.

     The LLC manages its interest rate risk by obtaining  fixed rate debt either
directly or through its joint ventures.  The fixed rate debt service obligations
are matched with fixed rate lease receivable streams generated by the leases.

     The LLC manages its exposure to equipment  and residual  risk by monitoring
the market and maximizing remarketing proceeds received through re-lease or sale
of equipment.


<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

                                 March 31, 2004

Item 4.   Controls and Procedures

     The LLC  carried  out an  evaluation,  under the  supervision  and with the
participation  of  management  of ICON  Capital  Corp.,  the Manager of the LLC,
including the Chief Executive Officer and the Principal  Financial  Officer,  of
the  effectiveness of the design and operation of the LLC's disclosure  controls
and  procedures as of the end of the period  covered by this report  pursuant to
the  Securities  Exchange  Act of 1934.  Based  upon the  evaluation,  the Chief
Executive  Officer and the Principal  Financial Officer concluded that the LLC's
disclosure controls and procedures were effective.

     There  were no  significant  changes  in the LLC's  internal  control  over
financial  reporting  during  the  LLC's  first  quarter  that  have  materially
affected,  or are likely to materially  affect,  the LLC's internal control over
financial reporting.
<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)


PART II - OTHER INFORMATION
---------------------------

Item 1 - Legal Proceedings
--------------------------

     The LLC, from time-to-time,  in the ordinary course of business,  commences
legal actions when necessary to protect or enforce the rights of the LLC. We are
not a  defendant  party to any  litigation  and are not aware of any  pending or
threatened litigation against the LLC.

Item 6 - Exhibits and Reports on Form 8-K
-----------------------------------------

(a)  Exhibits

     32.1 Certification of Chairman and Chief Executive Officer.

     32.2 Certification of Executive Vice President and Principal  Financial and
          Accounting Officer.

     33.1 Certification  of Chairman and Chief Executive  Officer pursuant to 18
          U.S.C.  (Section)1350,  as  adopted  pursuant  to  Section  906 of the
          Sarbanes-Oxley Act of 2002.

     33.2 Certification of Executive Vice President and Principal  Financial and
          Accounting  Officer  pursuant to 18 U.S.C.  (Section)1350,  as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)



                                   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 thereunto duly authorized.

                                ICON Income Fund Ten, LLC
                                File No. 333-103503 (Registrant)
                                By its Manager,
                                ICON Capital Corp.



       May 17, 2004             /s/ Thomas W. Martin
    -------------------         --------------------------------
           Date                 Thomas W. Martin
                                Executive Vice President
                                (Principal Financial and Accounting Officer)
                                ICON Capital Corp.
                                Manager of ICON Income Fund Ten, LLC

<PAGE>

                              Certifications - 10-Q
                              ---------------------


EXHIBIT 32.1

I, Beaufort J.B. Clarke, certify that:

1.   I have reviewed this quarterly report of ICON Income Fund Ten, LLC;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the LLC as of, and for, the periods presented in this report;

4.   The LLC's other  certifying  officer and I are responsible for establishing
     and maintaining  disclosure controls and procedures (as defined in Exchange
     Act Rules  13a-15(e) and  15d-15(e))  and internal  control over  financial
     reporting (as defined in Exchange Act Rules  13a-15(f) and  15d-15(f))  for
     the LLC and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision,  to ensure that material information relating to the LLC,
          including its consolidated subsidiaries, is made known to us by others
          within those  entities,  particularly  during the period in which this
          report is being prepared;

     (b)  Designed such internal  control over  financial  reporting,  or caused
          such internal  control over  financial  reporting to be designed under
          our  supervision,   to  provide  reasonable  assurance  regarding  the
          reliability  of financial  reporting and the  preparation of financial
          statements for external purposes in accordance with generally accepted
          accounting principles;

     (c)  Evaluated  the  effectiveness  of the LLC's  disclosure  controls  and
          procedures  and  presented  in this report our  conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of the period covered by this report based on such evaluation; and

     (d)  Disclosed in this report any change in the LLC's internal control over
          financial  reporting that occurred during the LLC's most recent fiscal
          quarter  that has  materially  affected,  or is  reasonably  likely to
          materially   affect,   the  LLC's  internal   control  over  financial
          reporting; and

5.   The LLC's other certifying officer and I have disclosed,  based on our most
     recent  evaluation of internal  control over  financial  reporting,  to the
     LLC's auditors and the audit  committee of the LLC's board of directors (or
     persons performing the equivalent functions):

     (a)  All significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the LLC's  ability to record,
          process, summarize and report financial information; and

     (b)  Any fraud, whether or not material,  that involves management or other
          employees who have a significant  role in the LLC's  internal  control
          over financial reporting.

Dated:  May 17, 2004

/s/ Beaufort J.B. Clarke
-----------------------------
Beaufort J. B. Clarke
Chairman and Chief Executive Officer
ICON Capital Corp.
Manager of ICON Income Fund Ten, LLC

<PAGE>


                              Certifications - 10-Q
                              ---------------------


EXHIBIT 32.2

I, Thomas W. Martin, certify that:

1.   I have reviewed this quarterly report of ICON Income Fund Ten, LLC;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the LLC as of, and for, the periods presented in this report;

4.   The LLC's other  certifying  officer and I are responsible for establishing
     and maintaining  disclosure controls and procedures (as defined in Exchange
     Act Rules  13a-15(e) and  15d-15(e))  and internal  control over  financial
     reporting (as defined in Exchange Act Rules  13a-15(f) and  15d-15(f))  for
     the LLC and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision,  to ensure that material information relating to the LLC,
          including its consolidated subsidiaries, is made known to us by others
          within those  entities,  particularly  during the period in which this
          report is being prepared;

     (b)  Designed such internal  control over  financial  reporting,  or caused
          such internal  control over  financial  reporting to be designed under
          our  supervision,   to  provide  reasonable  assurance  regarding  the
          reliability  of financial  reporting and the  preparation of financial
          statements for external purposes in accordance with generally accepted
          accounting principles;

     (c)  Evaluated  the  effectiveness  of the LLC's  disclosure  controls  and
          procedures  and  presented  in this report our  conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of the period covered by this report based on such evaluation; and

     (d)  Disclosed in this report any change in the LLC's internal control over
          financial  reporting that occurred during the LLC's most recent fiscal
          quarter  that has  materially  affected,  or is  reasonably  likely to
          materially   affect,   the  LLC's  internal   control  over  financial
          reporting; and

5.   The LLC's other certifying officer and I have disclosed,  based on our most
     recent  evaluation of internal  control over  financial  reporting,  to the
     LLC's auditors and the audit  committee of the LLC's board of directors (or
     persons performing the equivalent functions):

     (a)  All significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the LLC's  ability to record,
          process, summarize and report financial information; and

     (b)  Any fraud, whether or not material,  that involves management or other
          employees who have a significant  role in the LLC's  internal  control
          over financial reporting.

Dated:  May 17, 2004

/s/ Thomas W. Martin
----------------------------------------
Thomas W. Martin
Executive Vice President
(Principal Financial and Accounting Officer)
ICON Capital Corp.
Manager of ICON Income Fund Ten, LLC

<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

                                 March 31, 2004

EXHIBIT 33.1

     I,  Beaufort  J.B.  Clarke,  Chairman and Chief  Executive  Officer of ICON
Capital  Corp,  the Manager of ICON Income Fund Ten, LLC,  certify,  pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)  the Quarterly  Report on Form 10-Q for the period ended March 31, 2004 (the
     "Periodic Report") which this statement accompanies fully complies with the
     requirements  of Section 13(a) of the  Securities  Exchange Act of 1934 (15
     U.S.C. 78m) and

(2)  information  contained  in the  Periodic  Report  fairly  presents,  in all
     material  respects,  the  financial  condition and results of operations of
     ICON Income Fund Ten, LLC.

Dated:  May 17, 2004



   /s/ Beaufort J.B. Clarke
   ------------------------------------------------------
   Beaufort J.B. Clarke
   Chairman and Chief Executive Officer
   ICON Capital Corp.
   Manager of ICON Income Fund Ten, LLC

<PAGE>

                            ICON Income Fund Ten, LLC
                     (A Delaware Limited Liability Company)

                                 March 31, 2004


EXHIBIT 33.2

     I, Thomas W. Martin,  Executive  Vice  President  (Principal  Financial and
Accounting  Officer) of ICON Capital Corp,  the Manager of ICON Income Fund Ten,
LLC, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)  the Quarterly  Report on Form 10-Q for the period ended March 31, 2004 (the
     "Periodic Report") which this statement accompanies fully complies with the
     requirements  of Section 13(a) of the  Securities  Exchange Act of 1934 (15
     U.S.C. 78m) and

(2)  information  contained  in the  Periodic  Report  fairly  presents,  in all
     material  respects,  the  financial  condition and results of operations of
     ICON Income Fund Ten, LLC.

Dated:  May 17, 2004



 /s/ Thomas W. Martin
 -------------------------------------------------------
 Thomas W. Martin
 Executive Vice President
 (Principal Financial and Accounting Officer)
 ICON Capital Corp.
 Manager of ICON Income Fund Ten, LLC