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

                                    FORM 10-K

[ X ] Annual Report  Pursuant to Section 13 or 15(d) of the Securities  Exchange
      Act of 1934 [Fee Required]

For the fiscal year ended                   December 31, 1999
                          ------------------------------------------------------
                                       or

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

For the transition period from                     to
                               --------------------   --------------------------

Commission File Number                        333-54011
                       ---------------------------------------------------------

                          ICON Income Fund Eight A L.P.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                                              13-4006824
--------------------------------------------------------------------------------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                            Identification Number)

              111 Church Street, White Plains, New York 10601-1505
--------------------------------------------------------------------------------
              (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code            (914) 993-1700
                                                   -----------------------------

Securities registered pursuant to Section 12(b) of the Act:     None

Title of each class                   Name of each exchange on which registered

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Securities registered pursuant to Section 12(g) of the Act:
  Units of Limited Partnership Interests

--------------------------------------------------------------------------------
                                (Title of class)

--------------------------------------------------------------------------------
                                (Title of class)

     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


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

                                TABLE OF CONTENTS

Item                                                                    Page

PART I

1.   Business                                                            3-4

2.   Properties                                                            4

3.   Legal Proceedings                                                     4

4.   Submission of Matters to a Vote of Security Holders                   4

PART II

5.   Market for the Registrant's Securities and Related
     Security Holder Matters                                               5

6.   Selected Financial and Operating Data                                 5

7.   General Partner's Discussion and Analysis of Financial
     Condition and Results of Operations                                 6-7

8.   Consolidated Financial Statements and Supplementary Data           8-21

9.   Changes in and Disagreements with Accountants on
     Accounting and Financial Disclosure                                  22

PART III

10.  Directors and Executive Officers of the Registrant's
     General Partner                                                   22-23

11.  Executive Compensation                                               24

12.  Security Ownership of Certain Beneficial Owners
     and Management                                                       24

13.  Certain Relationships and Related Transactions                       24

PART IV

14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K      25

SIGNATURES                                                                26


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999


PART I

Item 1.  Business

General Development of Business

     ICON Income Fund Eight A L.P.  (the  "Partnership"),  was formed on July 9,
1997 as a Delaware limited  partnership.  The Partnership's  maximum offering is
$75,000,000.  The  Partnership  commenced  business  operations  on its  initial
closing date, October 14, 1998, with the admission of 12,000 limited partnership
units at $100 per unit representing $1,200,000 of capital contributions. Between
October  15,  1998 and  December  31,  1999,  583,184.58  additional  units were
admitted representing $58,318,458 of capital contributions.

Narrative Description of Business

     The  Partnership  is  an  equipment  leasing  income  fund.  The  principal
objective of the  Partnership is to obtain the maximum  economic return from its
investments for the benefit of its limited partners.  To achieve this objective,
the  Partnership  intends  to:  (1)  acquire  a  diversified  portfolio  of  low
obsolescence  equipment  having long lives and high  residual  values;  (2) make
monthly cash  distributions  to its limited  partners from cash from operations,
commencing with each limited partner's admission to the Partnership,  continuing
through the Reinvestment  Period, which period will end no later than the eighth
anniversary  after the final  closing  date;  (3)  re-invest  substantially  all
undistributed  cash from operations and cash from sales in additional  equipment
and financing  transactions  during the  Reinvestment  Period;  and (4) sell the
Partnership's investments and distribute the cash from sales of such investments
to its limited partners within twelve to thirty-six  months after the end of the
Reinvestment Period.

     The equipment  leasing  industry is highly  competitive.  In initiating its
leasing  transactions,  the  Partnership  will compete  with leasing  companies,
manufacturers that lease their products directly,  equipment brokers and dealers
and financial institutions,  including commercial banks and insurance companies.
Many  competitors  are larger than the  Partnership  and have greater  financial
resources.

     The Partnership has no direct  employees.  The General Partner has full and
exclusive discretion in management and control of the Partnership.




<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

Lease and Financing Transactions

     For the period ended December 31, 1999 the Partnership purchased and leased
or financed $92,843,212 of equipment. At December 31, 1999 the weighted averaged
initial transaction term of the portfolio was 41 months.

     In 1999,  the  Partnership  acquired a 43.73%  interest in a joint  venture
("AIC Trust). The Partnership has less than a 50% interest in the venture, which
is accounted under the equity method.  The equipment owned by this joint venture
is not included in the summary of equipment cost by category below.

     For the period ended December 31, 1998 the Partnership purchased and leased
or financed $47,233,168 of equipment with a weighted average initial transaction
term of 61 months.  The  equipment  purchased  and leased or  financed  includes
$27,421,810 of equipment  leased to Portland General Electric by a joint venture
in which the  Partnership  has a 98.5%  interest.  Included  in the  summary  of
equipment  cost by  category  below is 100% of the  equipment  cost owned by the
joint venture.  The Partnership  accounts for this  investment by  consolidating
100% of the assets and  liabilities  of the joint  venture and  reflecting  as a
liability the related minority interest.

     A summary of the portfolio  equipment cost by category held at December 31,
1999 and 1998 is as follows:

                             December 31, 1999           December 31, 1998
                         -------------------------   ------------------------
Category                      Cost         Percent       Cost         Percent

Aircraft .............   $ 53,878,345       39.5%    $       --          --
Computer systems .....     29,440,123       21.6       17,358,458       40.0
Material handling ....     27,038,665       19.8       23,620,702       54.4
Vessels ..............     12,922,568        9.5             --          --
Telecommunication ....      4,861,629        3.6             --          --
Vehicles .................  3,521,824        2.6             --          --
Furniture and fixtures      2,452,900        1.8        2,452,900        5.6
Manufacturing ........      2,159,218        1.6             --          --
                         ------------      -----     ------------      -----
                         $136,275,272      100.0%    $ 43,432,060      100.0%
                         ============      =====     ============      =====

     The Partnership has three leases which individually  represent greater than
10% of the total  portfolio  equipment cost at December 31, 1999. The leases are
with  Portland  General  Electric,  KLM Royal Dutch  Airlines and Oxford  Health
Plans,  Inc.  The cost of the  equipment  represented  20.1%,  27.9% and  12.3%,
respectively, of the total portfolio equipment cost at December 31, 1999.

Item 2.  Properties

     The  Partnership  neither owns nor leases office space or equipment for the
purpose of managing its day-to-day affairs.

Item 3.  Legal Proceedings

     The Partnership is not a party to any pending legal proceedings.

Item 4.  Submission of Matters to a Vote of Security Holders

     No matters were  submitted to a vote of security  holders during the fourth
quarter of 1999.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

PART II

Item 5.  Market for the  Registrant's  Securities  and Related  Security  Holder
         Matters

     The Partnership's limited partnership interests are not publicly traded nor
is there currently a market for the Partnership's  limited partnership units. It
is unlikely that any such market will develop.

                                     Number of Equity Security Holders
   Title of Class                            as of December 31,
   --------------                    ---------------------------------
                                         1999                 1998
                                         ----                 ----

Limited Partners                        2,430                  651
General Partner                             1                    1

Item 6.  Selected Consolidated Financial and Operating Data
<TABLE>

                                                           Year Ended   Period Ended
                                                          December 31,  December 31,
                                                              1999         1998 (1)
                                                              ----         ----

<S>                                                        <C>             <C>
Total revenue ..........................................   $9,131,846      $46,998
                                                           ==========      =======

Net income .............................................   $1,262,140      $27,205
                                                           ==========      =======

Net income allocable to limited partners ...............   $1,249,519      $26,933
                                                           ==========      =======

Net income allocable to the General Partner ............   $   12,621      $   272
                                                           ==========      =======

Weighted average limited partnership units outstanding .      337,936       95,236
                                                           ==========      =======

Net income per weighted average limited partnership unit   $     3.70      $   .28
                                                           ==========      =======

Distributions to limited partners ......................   $3,632,817      $64,728
                                                           ==========      =======

Distributions to the General Partner ...................   $   37,282      $   654
                                                           ==========      =======
</TABLE>

                       December 31, 1999      December 31, 1998

Total assets            $   137,921,891         $   47,129,579
                        ===============         ==============

Partners' equity        $    49,476,423         $   11,794,840
                        ===============         ==============

   (1) No data is presented for the periods prior to 1998 since the  Partnership
commenced  operations on October 14, 1998, the initial closing date. Revenue and
income for 1998 does not reflect a full year's operations.

     The above selected  financial  data should be read in conjunction  with the
consolidated  financial statements and related notes appearing elsewhere in this
report.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

Item 7. General  Partner's  Discussion  and Analysis of Financial  Condition and
        Results of Operations

     ICON Income Fund Eight A L.P.  (the  "Partnership"),  was formed on July 9,
1997 as a Delaware limited  partnership.  The Partnership's  maximum offering is
$75,000,000.  The  Partnership  commenced  business  operations  on its  initial
closing date, October 14, 1998, with the admission of 12,000 limited partnership
units at $100 per unit representing $1,200,000 of capital contributions. Between
October  15,  1998 and  December  31,  1999,  583,184.58  additional  units were
admitted representing  $58,318,458 of capital  contributions  bringing the total
admission to 595,184.58 units totaling $59,518,458 in capital contributions.

Results of Operations for the Period Ended December 31, 1999

     For the period ended  December  31, 1999,  the  Partnership  purchased  and
leased or  financed  equipment  with an initial  cost of  $92,843,212  to twelve
lessees or equipment users. Major equipment categories were aircraft,  computers
and material handling, representing 39.5%, 21.6% and 19.8%, respectively.

     Net income for the period ended December 31, 1999 was  $1,262,140.  The net
income per weighted average limited partnership unit was $3.70. Revenues for the
period December 31, 1999 were $9,131,846.

Results of Operations for the Period Ended December 31, 1998

     As the Partnership  commenced  operations on October 14, 1998,  results for
1998 do not reflect a full year's activity.

     For the period ended  December  31, 1998,  the  Partnership  purchased  and
leased or  financed  equipment  with an  initial  cost of  $47,233,168  to three
lessees or equipment users.  Simultaneously with the acquisition of the Portland
General  Electric lease (see Note 3), rent in excess of the senior debt payments
was acquired by L.P. Six for $3,801,108.

     Net income for the period  ended  December  31, 1998 was  $27,205.  The net
income per weighted average limited  partnership unit was $.28. Revenues for the
period ended December 31, 1998 were $46,998.

Liquidity and Capital Resources

     The   Partnership's   primary   sources  of  funds  in  1999  were  capital
contributions,  net of offering expenses,  of $40,089,542 and net cash generated
from operations of $1,825,719.  These funds,  along with  borrowings  assumed on
equipment  purchases were used to purchase or finance leases costing $92,843,212
and to fund cash distributions.  The Partnership intends to continue to purchase
equipment   and  fund  cash   distributions   utilizing   funds   from   capital
contributions, additional borrowings and cash from operations.



<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

     Cash  distributions  to the  limited  partners,  which  were paid  monthly,
aggregated  $3,632,817 in 1999. The monthly distribution rate in 1999 was 10.75%
(on an annualized  basis) of which 3.70% was  investment  income and 7.05% was a
return of capital,  calculated as a percentage of each limited partner's initial
capital contribution.  Cash distributions to limited partners in 1998 aggregated
$64,728.  The monthly  distribution  rate was 10.75% (on an  annualized  basis).
Distributions  were calculated  based on the number of days each investment unit
was in the Partnership.

     As  of  December  31,  1999,   there  were  no  known  trends  or  demands,
commitments,  events  or  uncertainties  which are  likely to have any  material
effect on liquidity. As cash is realized from the continued offering, operations
or borrowings,  the Partnership  will continue to invest in equipment leases and
financings  where it deems it to be prudent while  retaining  sufficient cash to
meet its reserve requirements and recurring obligations.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

Item 8.  Consolidated Financial Statements and Supplementary Data


                          Index to Financial Statements
<TABLE>

                                                                                   Page Number

<S>                                                                                         <C>
Independent Auditors' Report                                                                10

Consolidated Balance Sheet as of December 31, 1999 and 1998                                 11

Consolidated Statement of Operations for the Year Ended December 31, 1999
  and for the Period July 9, 1997 (date of inception) to December 31, 1998                  12

Consolidated  Statement  of  Changes  in  Partners'  Equity  for the Year  Ended
  December 31, 1999 and for the Period July 9, 1997
  (date of inception) to December 31, 1998                                                  13

Consolidated Statement of Cash Flows for the Year Ended December 31, 1999
  and for the Period July 9, 1997 (date of inception) to December 31, 1998               14-16

Notes to Consolidated Financial Statements                                               17-21

</TABLE>


<PAGE>








                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                        Consolidated Financial Statements

                                December 31, 1999

                   (With Independent Auditors' Report Thereon)



<PAGE>











                          INDEPENDENT AUDITORS' REPORT




The Partners
ICON Income Fund Eight A L.P.:

We have audited the accompanying  consolidated balance sheet of ICON Income Fund
Eight A L.P. (a Delaware limited  partnership) as of December 31, 1999 and 1998,
and the related  consolidated  statement  of  operations,  changes in  partners'
equity,  and cash flows for the year ended  December 31, 1999 and for the period
July 9, 1997 (date of  inception)  to  December  31,  1998.  These  consolidated
financial statements are the responsibility of the Partnership's management. Our
responsibility  is  to  express  an  opinion  on  these  consolidated  financial
statements based on our audits.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards  require that we plan and perform the audit to obtain reasonable
assurance   about  whether  the  financial   statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly,  in all material  respects,  the financial  position of ICON Income Fund
Eight A L.P. as of December 31, 1999 and 1998, and the results of its operations
and its cash flows for the year ended  December 31, 1999 and for the period July
9, 1997 (date of inception) to December 31, 1998 in  conformity  with  generally
accepted accounting principles.



                                                   /s/ KPMG LLP
                                                   KPMG LLP



March 28, 2000
New York, New York


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                           Consolidated Balance Sheet

                                  December 31,
<TABLE>

                                                              1999            1998
                                                              ----            ----
Assets

<S>                                                     <C>              <C>
Cash ................................................   $   5,222,028    $   2,283,067
                                                        -------------    -------------

Investment in finance leases
   Minimum rents receivable .........................      72,064,245       42,719,705
   Estimated unguaranteed residual values ...........      42,536,175       14,931,068
   Initial direct costs .............................       2,327,918        1,413,835
   Unearned income ..................................     (27,622,947)     (14,262,754)
                                                                         -------------
   Allowance for doubtful accounts ..................        (385,000)            --
                                                        -------------    -------------
                                                           88,920,391       44,801,854

Investment in operating leases
   Equipment, at cost ...............................      38,671,600             --
   Accumulated depreciation .........................        (594,308)            --
                                                        -------------    -------------
                                                           38,077,292             --
                                                        -------------    -------------

Investment in unguaranteed residual value ...........       1,150,000             --
                                                        -------------    -------------

Investment in joint venture .........................       2,989,128             --
                                                        -------------    -------------

Other assets ........................................       1,563,052           44,658
                                                        -------------    -------------

Total assets ........................................   $ 137,921,891    $  47,129,579
                                                        =============    =============

Liabilities and Partners' Equity

Notes payable - non-recourse ........................      82,790,864    $  28,758,019
Note payable - line of credit .......................       5,000,000        5,000,000
Security deposits and other .........................         521,695          172,918
Accounts payable - General Partner and affiliate ....            --          1,232,922
Minority interests in joint venture .................         132,909          170,880
                                                        -------------    -------------
                                                           88,445,468       35,334,739

Commitments and Contingencies

Partners' equity (deficiency)
   General Partner ..................................         (24,043)             618
   Limited partners (595,184.58 units
     outstanding, $100 per unit original issue price)      49,500,466       11,794,222
                                                        -------------    -------------

     Total partners' equity .........................      49,476,423       11,794,840
                                                        -------------    -------------

Total liabilities and partners' equity ..............   $ 137,921,891    $  47,129,579
                                                        =============    =============
</TABLE>

See accompanying notes to consolidated financial statements.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                      Consolidated Statement of Operations

                  For the Year Ended December 31, 1999 and for
                 the Period July 9, 1997 (date of inception) to
                                December 31, 1998
<TABLE>

                                               1999           1998
                                               ----           ----
Revenues

<S>                                        <C>            <C>
   Finance income ......................   $ 7,620,751    $    23,869
   Rental income .......................     1,379,500           --
   Interest income and other ...........       142,466         23,129
   Loss from investment in joint venture       (10,871)          --
                                           -----------    -----------

   Total revenues ......................     9,131,846         46,998
                                           -----------    -----------

Expenses

   Interest ............................     4,397,728          4,590
   Amortization of initial direct costs        885,106          3,179
   Depreciation ........................       594,308           --
   Management fees - General Partner ...       931,151            395
   Administrative expense
     reimbursements - General Partner ..       345,358            956
   Provision for bad debts .............       385,000           --
   General and administrative ..........       313,181         10,673
   Minority interest expense ...........        17,874           --
                                           -----------    -----------

   Total expenses ......................     7,869,706         19,793
                                           -----------    -----------

Net income .............................   $ 1,262,140    $    27,205
                                           ===========    ===========

Net income allocable to:
   Limited partners ....................   $ 1,249,519    $    26,933
   General Partner .....................        12,621            272
                                           -----------    -----------

                                           $ 1,262,140    $    27,205
                                           ===========    ===========

Weighted average number of limited
   partnership units outstanding .......       337,936         95,236
                                           ===========    ===========

Net income per weighted average
   limited partnership unit ............   $      3.70    $       .28
                                           ===========    ===========

</TABLE>






See accompanying notes to consolidated financial statements.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

              Consolidated Statement of Changes in Partners' Equity

                  For the Year Ended December 31, 1999 and for
               the Period from July 9, 1997 (date of inception) to
                                December 31, 1998
<TABLE>

                                  Limited Partner Distributions

                                     Return of    Investment       Limited     General
                                      Capital       Income         Partners    Partner     Total
                                   (Per weighted average unit)

<S>   <C>                                                       <C>          <C>       <C>
Initial partners'
  capital contribution
  May 6, 1998                                                   $     1,000  $  1,000  $     2,000

Refund of initial
   limited partners'
   capital contribution                                              (1,000)     -          (1,000)

Proceeds from issuance
   of limited partnership
   units (136,786.33 units)                                      13,678,633             13,678,633

Sales and offering expenses                                      (1,846,616)            (1,846,616)

Cash distributions to partners        $ .40       $  .28            (64,728)     (654)     (65,382)

Net income                                                           26,933       272       27,205
                                                                -----------  --------  -----------

Balance at
   December 31, 1998                                             11,794,222       618   11,794,840

Proceeds from issuance
   of limited partnership
   units (458,408 units)                                         45,840,825       -     45,840,825

Sales and offering expenses                                      (5,751,283)      -     (5,751,283)

Cash distributions to partners        $7.05       $ 3.70         (3,632,817)  (37,282)  (3,670,099)

Net income                                                        1,249,519    12,621    1,262,140
                                                                -----------  --------  -----------

Balance at
   December 31, 1999                                            $49,500,466  $(24,043) $49,476,423
                                                                ===========  ========  ===========

</TABLE>



See accompanying notes to consolidated financial statements.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                      Consolidated Statement of Cash Flows

                    For the Year Ended December 31, 1999 and
               for the Period July 9, 1997 (date of inception) to
                                December 31, 1998
<TABLE>

                                                                      1999           1998
                                                                      ----           ----

Cash flows from operating activities:
<S>                                                              <C>             <C>
   Net income ................................................   $  1,262,140    $     27,205
                                                                 ------------    ------------
   Adjustments to reconcile net income to
    net cash provided by operating activities:
     Finance income portion of receivables paid directly
       to lenders by lessees .................................     (5,939,302)         (6,266)
     Interest expense on non-recourse financing paid
       directly by lessees ...................................      4,142,210           4,590
     Amortization of initial direct costs ....................        885,106           3,179
     Minority interest expense ...............................         17,874            --
     Loss from investment in joint venture ...................         10,871            --
     Depreciation ............................................        594,308            --
     Provision for bad debts .................................        385,000            --
     Changes in operating assets and liabilities:
       Collection of principal - non-financed receivables ....      2,826,053          47,915
       Other assets ..........................................     (1,518,394)        (44,658)
       Minority interests in joint venture ...................        (55,845)        170,880
       Accounts payable to General Partner and affiliates, net     (1,232,922)      1,232,922
       Security deposits and other ...........................        348,777         172,918
       Other .................................................         99,843           1,392
                                                                 ------------    ------------

         Total adjustments ...................................        563,579       1,582,872
                                                                 ------------    ------------

       Net cash provided by operating activities .............      1,825,719       1,610,077
                                                                 ------------    ------------

Cash flows from investing activities:
   Equipment purchased .......................................    (40,110,867)    (18,479,739)
   Initial direct costs ......................................     (1,799,189)     (1,417,014)
   Investment in joint venture ...............................     (3,000,000)           --
   Investment in unguaranteed residual .......................     (1,150,000)           --
                                                                 ------------    ------------

       Net cash used in investing activities .................    (46,060,056)    (19,896,753)
                                                                 ------------    ------------



</TABLE>






                                                        (continued on next page)


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                Consolidated Statement of Cash Flows (Continued)

                    For the Year Ended December 31, 1999 and
               for the Period July 9, 1997 (date of inception) to
                                December 31, 1998
<TABLE>

                                                        1999            1998
                                                        ----            ----

Cash flows from financing activities:
<S>                                                    <C>             <C>
   Initial partners' capital contribution ......           --             2,000
   Issuance of limited partnership units,
     net of offering expenses ..................     40,089,542      11,832,017
   Proceeds from note payable - line of credit .           --         5,000,000
   Proceeds from sale of receivables ...........           --         3,801,108
   Cash distributions to partners ..............     (3,670,099)        (65,382)
   Net proceeds from non-recourse borrowing ....     10,753,855            --
                                                   ------------    ------------

       Net cash provided by financing activities     47,173,298      20,569,743
                                                   ------------    ------------

Net increase in cash ...........................      2,938,961       2,283,067

Cash at beginning of the period ................      2,283,067            --
                                                   ------------    ------------

Cash at end of year ............................   $  5,222,028    $  2,283,067
                                                   ============    ============

</TABLE>
























See accompanying notes to consolidated financial statements.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                Consolidated Statement of Cash Flows (continued)

Supplemental Disclosure of Cash Flow Information

      For the periods  ended  December  31, 1999 and 1998,  non-cash  activities
included the following:
<TABLE>

<S>                                                          <C>             <C>
Fair value of equipment and receivables purchased for debt   $(52,732,345)   $(28,753,429)
Non-recourse notes payable assumed in purchase price .....     52,732,345      28,753,429

Principal and interest on direct finance receivables
  paid directly to lenders by lessees ....................      9,453,355            --
Principal and interest on non-recourse financing paid
  directly to lenders by lessees .........................      9,453,355            --
                                                             ------------    ------------

                                                             $       --      $       --
                                                             ============    ============
</TABLE>
































See accompanying notes to consolidated financial statements.




<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                   Notes to Consolidated Financial Statements

                                December 31, 1999

1.   Organization

     ICON Income  Fund Eight A L.P.  (the  "Partnership")  was formed on July 9,
1997 as a Delaware limited partnership with an initial capitalization of $2,000.
It was formed to acquire various types of equipment,  to lease such equipment to
third  parties  and,  to a  lesser  degree,  to  enter  into  secured  financing
transactions. The Partnership's maximum offering is $75,000,000. The Partnership
commenced  business  operations on its initial  closing date,  October 14, 1998,
with  the  admission  of  12,000  limited  partnership  units  at $100  per unit
representing  $1,200,000  of capital  contributions.  As of December  31,  1999,
583,184.58  additional  units  had  been  admitted  into  the  Partnership  with
aggregate  gross  proceeds  of  $58,318,458  bringing  the  total  admission  to
595,184.58 units totaling $59,518,458 in capital contributions.

     The General  Partner of the Partnership is ICON Capital Corp. (the "General
Partner"),  a  Connecticut  corporation.  The  General  Partner  will manage and
control  the  business  affairs  of  the  Partnership's  equipment,  leases  and
financing transactions under a management agreement with the Partnership.

     ICON Securities  Corp., an affiliate of the General  Partner,  has and will
receive  an  underwriting  commission  on the gross  proceeds  from sales of all
units.  The  total  underwriting  compensation  to be paid  by the  Partnership,
including underwriting  commissions,  sales commissions,  incentive fees, public
offering expense reimbursements and due diligence activities is limited to 13.5%
of gross proceeds up to $25,000,000, 13.0% of gross proceeds from $25,000,000 to
$50,000,000   and  12.5%  of  gross  offering   proceeds  from   $50,000,000  to
$75,000,000.  Such offering expenses aggregated $7,597,899 (including $2,833,241
and $752,325  paid to the General  Partner or its  affiliates  in 1999 and 1998,
respectively),  (see Note 6) and were  charged  directly  to  limited  partners'
equity.

     Profits,  losses,  cash  distributions  and  disposition  proceeds  will be
allocated 99% to the limited  partners and 1% to the General  Partner until each
limited  partner  has  received  cash  distributions  and  disposition  proceeds
sufficient  to reduce  its  adjusted  capital  contribution  account to zero and
receive, in addition,  other distributions and allocations which would provide a
10% per annum cumulative return on its outstanding adjusted capital contribution
account. After such time, the distributions will be allocated 90% to the limited
partners and 10% to the General Partner.

2.   Significant Accounting Policies

     Basis of  Accounting  and  Presentation  - The  Partnership's  records  are
maintained on the accrual  basis.  The  preparation  of financial  statements in
conformity with generally accepted  accounting  principles  requires the General
Partner's  management to make estimates and assumptions that affect the reported
amounts of assets and  liabilities  at the date of the financial  statements and
revenues and expenses during the reporting  period.  Actual results could differ
from those estimates. In addition, management is required to disclose contingent
assets and liabilities.

     Consolidation - The consolidated  financial statements include the accounts
of the  Partnership  and its majority owned  subsidiary,  ICON Boardman  Funding
L.L.C.  ("ICON  BF").  All  inter-company  accounts and  transactions  have been
eliminated.  The  Partnership  accounts for its interests in less than 50% owned
joint  ventures  under the  equity  method of  accounting.  In such  cases,  the
Partnership's  original  investments  are  recorded at cost and adjusted for its
share of earnings, losses and distributions thereafter.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

             Notes to Consolidated Financial Statements - Continued

     Leases - The  Partnership  accounts  for  owned  equipment  leased to third
parties as finance  leases or  operating  leases,  as  appropriate.  For finance
leases,  the  Partnership  records,  at the  inception  of the lease,  the total
minimum lease payments receivable,  the estimated  unguaranteed residual values,
the initial direct costs related to the leases and the related  unearned income.
Unearned income  represents the difference  between the sum of the minimum lease
payments receivable plus the estimated  unguaranteed  residual minus the cost of
the leased  equipment.  Unearned income is recognized as finance income over the
terms of the related  leases using the interest  method.  For operating  leases,
equipment is recorded at cost and is  depreciated  on the  straight-line  method
over  the  lease  terms  to  their   estimated   fair  market  values  at  lease
terminations.  Related lease rentals are recognized on the straight-line  method
over the lease terms. Billed and uncollected operating lease receivables, net of
allowance for doubtful  accounts,  are included in other assets.  Initial direct
costs of finance leases are  capitalized and are amortized over the terms of the
related  leases using the  interest  method.  Initial  direct costs of operating
leases are capitalized and amortized on the straight-line  method over the lease
terms. The Partnership's leases have terms ranging from two to eight years. Each
lease is  expected  to provide  aggregate  contractual  rents  that,  along with
residual  proceeds,  return the Partnership's cost of its investments along with
investment income.

     Disclosures  About Fair  Value of  Financial  Instruments  -  Statement  of
Financial Accounting  Standards ("SFAS") No. 107,  "Disclosures about Fair Value
of Financial Instruments" requires disclosures about the fair value of financial
instruments,  except for lease related instruments.  Separate disclosure of fair
value information as of December 31, 1999 and 1998 with respect to the Company's
assets and certain liabilities is not provided because (i) SFAS No. 107 does not
require  disclosures  about the fair  value of lease  arrangements  and (ii) the
carrying value of financial  instruments,  other than lease related investments,
approximates  market value and (iii) fair value information  concerning  certain
non-recourse  debt obligations is not practicable to estimate without  incurring
excessive costs to obtain all the information  that would be necessary to derive
a market rate.

     Impairment of Estimated  Residual Values -- The  Partnership's  policy with
respect to impairment of estimated  residual values is to review,  on a periodic
basis,  the  carrying  value of its  residuals on an  individual  asset basis to
determine whether events or changes in circumstances  indicate that the carrying
value of an asset may not be  recoverable  and,  therefore,  an impairment  loss
should be recognized.  The events or changes in  circumstances  which  generally
indicate  that the  residual  value of an asset  has been  impaired  are (i) the
estimated fair value of the underlying  equipment is less than the Partnership's
carrying value or (ii) the lessee is experiencing  financial difficulties and it
does not appear likely that the estimated proceeds from disposition of the asset
will be  sufficient  to satisfy the  remaining  obligation  to the  non-recourse
lender  and  the  Partnership's  residual  position.  Generally  in  the  latter
situation,  the residual  position  relates to equipment  subject to third party
non-recourse  notes  payable  where the  lessee  remits  their  rental  payments
directly to the lender and the  Partnership  does not recover its residual until
the non-recourse note obligation is repaid in full.

     The  Partnership  measures its  impairment  loss as the amount by which the
carrying  amount of the  residual  value  exceeds the  estimated  proceeds to be
received by the Partnership from release or resale of the equipment.  Generally,
quoted market  prices are used as the basis for measuring  whether an impairment
loss should be recognized.

     Income Taxes - No provision for income taxes has been made as the liability
for such taxes is that of each of the partners rather than the Partnership.



<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

             Notes to Consolidated Financial Statements - Continued

     New Accounting  Pronouncements - In June 1998 the FASB issued SFAS No. 133,
"Accounting  for Derivative  Instruments and Hedging  Activities."  SFAS No. 133
requires that an entity recognize all derivative instruments as either assets or
liabilities  in the balance sheet and measure those  instruments  at fair value.
SFAS No. 133 as amended, is effective for all quarters of fiscal years beginning
after June 15,  2000.  The  adoption  of SFAS No. 133 is not  expected to have a
material  effect on the  Partnership's  net  income,  partners'  equity or total
assets.

3.   Investment in Joint Venture

     The  Partnership and affiliates  formed two joint ventures  discussed below
for the purpose of acquiring and managing various assets.

AIC Trust

     During  1999,  L.P.  Seven,  an affiliate  of the  Partnership,  acquired a
portfolio of equipment  leases for  $6,854,830.  Subsequently,  L.P.  Seven sold
interests in this  portfolio at various  dates in 1999 to L.P. Six, an affiliate
of the Partnership, for $1,750,000 and to the Partnership for $3,000,000 at book
value,  which  approximated  fair market value at the dates of sale.  L.P. Seven
recognized  no gain or loss on the sale of these  interests to either Eight A or
to the Partnership.

     As a result of the sales of these  interests,  as of December  31, 1999 the
Partnership  and L.P. Six owned interests  aggregating  43.73% and 25.51% in the
lease portfolio with L.P. Seven owning a 30.76% interest at that date. The lease
portfolio  is owned and  operated as a joint  venture  ("AIC  Trust").  Profits,
losses,  excess  cash and  disposition  proceeds  are  allocated  based upon the
Partnerships'   percentage   ownership  interests  in  the  venture  during  the
respective  periods  the  Partnerships  held  such  interests.  The  Partnership
accounts for its investment under the equity method of accounting.

     Information  as  to  the  unaudited   financial  position  and  results  of
operations  of the  venture  as of and  for the  period  of  investment  through
December 31, 1999 is summarized below:

                                            December 31, 1999

 Assets                                      $   22,058,522
                                             ==============

 Liabilities                                 $   15,221,822
                                             ==============

 Equity                                      $    6,836,700
                                             ==============

 Partnership's share of equity               $    2,989,129
                                             ==============

                                      Dates of Investments Through
                                            December 31, 1999

 Partnership's share of (loss)               $      (10,871)
                                             ==============



<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

             Notes to Consolidated Financial Statements - Continued

ICON Boardman Funding L.L.C.

     In  December  1998 the  Partnership  and three  affiliates,  ICON Cash Flow
Partners,  L.P.,  Series C ("Series C"), ICON Cash Flow Partners L.P. Six ("L.P.
Six") and ICON Cash Flow Partners L.P. Seven ("L.P. Seven") formed ICON Boardman
Funding  L.L.C.  ("ICON BF"), for the purpose of acquiring a lease with Portland
General Electric.  The purchase price totaled  $27,421,810,  and was funded with
cash and  non-recourse  debt assumed in the  purchase  price.  The  Partnership,
Series C, L.P. Six and L.P. Seven  received a 98.5%,  .5%, .5% and .5% interest,
respectively, in ICON BF. The Partnership's financial statements include 100% of
the assets  and  liabilities  of ICON BF.  Series C, L.P.  Six and L.P.  Seven's
investments  in ICON BF have been  reflected  as  "minority  interests  in joint
venture."  Simultaneously  with the acquisition of the Portland General Electric
lease by ICON BF, the rent in excess of the senior debt payments was acquired by
L.P. Six for $3,801,108. No gain or loss was recognized on this transaction.

4.   Receivables Due in Installments

     Non-cancelable minimum annual amounts due on finance leases are as follows:

           Year
           2000                        $   25,438,678
           2001                            19,313,218
           2002                            11,458,215
           2003                             8,503,581
           2004                             4,179,726
           Thereafter                       3,170,827
                                       --------------

                                       $   72,064,245
5.   Notes Payable

     Notes payable consists of notes payable non-recourse,  which are being paid
directly to the lenders by the lessees,  and note  payable-line  of credit.  The
notes bear interest at rates ranging from 7.49% to 10.0%.

     The Partnership  entered into a line of credit  agreement (the  "Facility")
with a lender in December 1998. The maximum amount  available under the Facility
is $5,000,000. The Facility is secured by eligible receivables and residuals and
bears interest at the rate of Prime plus one half percent.  At December 31, 1999
and 1998, the Partnership had $5,000,000 outstanding under the Facility.

     The above notes mature as follows:

                    Notes Payable        Note Payable
Year                Non-Recourse           Recourse             Total

2000              $     16,089,761      $    5,000,000    $   21,089,761
2001                    13,430,694                -           13,430,694
2002                     9,440,008                -            9,440,008
2003                    31,889,562                -           31,889,562
2004                     8,744,617                -            8,744,617
Thereafter               3,196,222                -            3,196,222
                  ----------------      --------------    --------------
                  $     82,790,864      $    5,000,000    $   87,790,864
                  ================      ==============    ==============


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

             Notes to Consolidated Financial Statements - Continued

6.   Related Party Transactions

     Fees and other  expenses paid or accrued by the  Partnership to the General
Partner or its  affiliates  for the period ended December 31, 1999 and 1998 were
as follows:

                                        1999        1998
                                        ----        ----

Organization and offering expenses  $1,642,852  $  478,752 Charged to equity
Underwriting commissions             1,190,389     273,573 Charged to equity
Acquisition fees                     2,327,918   1,417,014 Capitalized
Administrative expense
  reimbursements                       345,358         956 Charged to operations
Management fees                        931,151         395 Charged to operations
                                    ----------  ----------

                                    $6,437,668  $2,170,690
                                    ==========  ==========

     In December 1998 the Partnership and three affiliates, formed ICON Boardman
Funding  LLC ("ICON  BF"),  for the purpose of  acquiring a lease with  Portland
General Electric. During 1999, the Partnership invested with two affiliates in a
joint venture (AIC Trust), which owns a portfolio of equipment leases. (See Note
3 for additional information relating to these joint ventures.)

7.   Tax Information (Unaudited)

     The following table reconciles net income for financial  reporting purposes
to income for federal income tax purposes for the period ended December 31, 1999
and 1998:


                                           1999            1998
                                           ----            ----

Net income per financial statements   $  1,262,140    $     27,205

Differences due to:
  Direct finance leases ...........      7,620,751          15,665
  Depreciation ....................    (12,974,252)     (1,995,119)
  Provision for losses ............       (385,000)           --
  Loss on sale of equipment .......       (279,835)           --
  Interest expense ................     (1,383,573)           --
  Other ...........................        575,068            --
                                      ------------    ------------

Partnership (loss) for
 federal income tax purposes ......   $ (5,564,701)   $ (1,952,249)
                                      ============    ============

     As of December 31, 1999,  the partners'  capital  accounts  included in the
financial  statements  totaled  $49,476,423  compared to the  partners'  capital
accounts  for  federal  income tax  purposes  of  $47,825,797  (unaudited).  The
difference  arises  primarily  from  commissions  reported as a reduction in the
partners' capital accounts for financial  reporting purposes but not for federal
income tax purposes, and temporary differences related to direct finance leases,
depreciation, provision for losses and interest expense.


<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

Item  9.  Changes  in and  Disagreements  with  Accountants  on  Accounting  and
          Financial Disclosure

     None

PART III

Item 10.  Directors and Executive Officers of the Registrant's General Partner

     The General  Partner,  a Connecticut  corporation,  was formed in 1985. The
General  Partner's  principal  offices are located at 111 Church  Street,  White
Plains,  New York 10601-1505,  and its telephone  number is (914) 993-1700.  The
officers of the General  Partner have  extensive  experience  with  transactions
involving the  acquisition,  leasing,  financing and  disposition  of equipment,
including  acquiring  and  disposing  of  equipment  subject  to leases and full
financing transactions.

     The  manager of the  Partnership's  business is the  General  Partner.  The
General  Partner is engaged in a broad range of equipment  leasing and financing
activities.  Through  its  sales  representatives  and  through  various  broker
relationships  throughout the United States,  the General Partner offers a broad
range of equipment leasing services.

     The  General  Partner  will  perform  certain  functions  relating  to  the
management  of the  equipment  of the  Partnership.  Such  services  include the
collection  of lease  payments  from the  lessees of the  equipment,  re-leasing
services in connection  with  equipment  which is off-lease,  inspections of the
equipment,  liaison with and general  supervision  of lessees to assure that the
equipment is being properly operated and maintained,  monitoring  performance by
the lessees of their  obligations  under the leases and the payment of operating
expenses.

     The officers and directors of the General Partner are as follows:

Beaufort J.B. Clarke           Chairman, Chief Executive Officer and Director

Paul B. Weiss                  President and Director

Thomas W. Martin               Executive Vice President and Director



<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1998

Item 10.  Continued

     Beaufort J. B. Clarke,  age 54, has been Chairman,  Chief Executive Officer
and Director of the General Partner since 1996.  Prior to his present  position,
Mr. Clarke was founder and the President and Chief Executive  Officer of Griffin
Equity  Partners,  Inc. Mr.  Clarke  formerly was an attorney  with Shearman and
Sterling  and has over 20 years of senior  management  experience  in the United
States leasing industry.

      Paul B. Weiss,  age 39, is President and Director of the General  Partner.
Mr. Weiss has been exclusively engaged in lease acquisitions since 1988 from his
affiliations  with the General  Partner since 1996,  Griffin Equity Partners (as
Executive Vice President from 1993-1996);  Gemini Financial  Holdings (as Senior
Vice  President-Portfolio  Acquisitions  from  1991-1993)  and  Pegasus  Capital
Corporation (as Vice  President-Portfolio  Acquisitions from 1988-1991).  He was
previously an investment banker and a commercial banker.

     Thomas W. Martin,  age 46, has been Executive Vice President of the General
Partner since 1996. Prior to his present position,  Mr. Martin was the Executive
Vice  President and Chief  Financial  Officer of Griffin Equity  Partners,  Inc.
(1993-1996), Gemini Financial Holdings (as Senior Vice President from 1992-1993)
and Chancellor Corporation (as Vice  President-Syndications from 1985-1992). Mr.
Martin has 17 years of senior management experience in the leasing business.



<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

Item 11.  Executive Compensation

     The Partnership  has no directors or officers.  The General Partner and its
affiliates were paid or accrued the following compensation and reimbursement for
costs and expenses for the period ended December, 31, 1999 and 1998.
<TABLE>

        Entity              Capacity          Type of Compensation           1999            1998
        ------              --------          --------------------           ----            ----

<S>                      <C>                 <C>                          <C>          <C>
ICON Capital Corp.      General Partner     Organization and offering
                                              expenses                  $1,642,852  $  478,752
ICON Securities Corp.   Dealer-Manager      Underwriting commissions     1,190,389     273,573
ICON Capital Corp.      Manager             Acquisition fees             2,327,918   1,417,014
ICON Capital Corp.      General Partner     Administrative expense
                                              reimbursements               345,358         956
ICON Capital Corp.      General Partner     Management fees                931,151         395
                                                                        ----------  ----------

                                                                        $6,437,668  $2,170,690
                                                                        ==========  ==========
</TABLE>

Item 12.  Security Ownership of Certain Beneficial Owners and Management

(a)  The Partnership is a limited partnership and therefore does not have voting
     shares of stock.  No person of record owns, or is known by the  Partnership
     to own  beneficially,  more  than  5% of any  class  of  securities  of the
     Partnership.

(b)  As of March 24, 2000,  Directors and Officers of the General Partner do not
     own any equity securities of the Partnership.

(c) The General Partner owns the equity  securities of the Partnership set forth
in the following table:

       Title                  Amount Beneficially                     Percent
     of Class                       Owned                             of Class

 General Partner   Represents initially a 1% and potentially a          100%
   Interest        10% interest in the Partnership's income, gain
                   and loss deductions.

Item 13.  Certain Relationships and Related Transactions

     None other than those disclosed in Item 11 herein.



<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999

PART IV

Item 14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K

(a)  1.  Financial Statements - See Part II, Item 8 hereof.

     2.  Financial Statement Schedule - None.

         Schedules  not listed  above  have been  omitted  because  they are not
         applicable  or are not required or the  information  required to be set
         forth therein is included in the Financial Statements or Notes thereto.

     3. Exhibits - The following exhibits are incorporated herein by reference:

     (i)  Amended and Restated Agreement of Limited Partnership (Incorporated by
          reference  to Exhibit A to  Amendment  No. 2 to Form S-1  Registration
          Statement  No.  333-54011  filed  with  the  Securities  and  Exchange
          Commission on September 18, 1998).

     (ii) Certificate of Limited  Partnership of the  Partnership  (Incorporated
          herein by reference to Exhibit 4.3 to Form S-1 Registration  Statement
          No. 333-54011 filed with the Securities and Exchange Commission on May
          29, 1998.

(b)  Reports on Form 8-K

     No  reports on Form 8-K were filed by the  Partnership  during the  quarter
ended December 31, 1999.



<PAGE>


                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)

                                December 31, 1999


                                   SIGNATURES


Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Partnership  has duly  caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                               ICON Income Fund Eight A L.P.
                               File No. 333-54011 (Registrant)
                               By its General Partner, ICON Capital Corp.


Date: March 29, 2000           /s/ Beaufort J.B. Clarke
                               ------------------------
                               Beaufort J.B. Clarke
                               Chairman, Chief Executive Officer and Director

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of the  Registrant and
in the capacity and on the dates indicated.

ICON Capital Corp.
sole General Partner of the Registrant

Date:  March 29, 2000          /s/ Beaufort J.B. Clarke
                               ------------------------
                               Beaufort J.B. Clarke
                               Chairman, Chief Executive Officer and Director


Date:  March 29, 2000          /s/ Paul B. Weiss
                               -----------------
                               Paul B. Weiss
                               President and Director


Date:  March 29, 2000          /s/ Thomas W. Martin
                               --------------------
                               Thomas W. Martin
                               Executive Vice President
                               (Principal Financial and Accounting Officer)



Supplemental  Information to be Furnished With Reports Filed Pursuant to Section
15(d) of the Act by Registrant Which have not Registered  Securities Pursuant to
Section 12 of the Act

No annual report or proxy material has been sent to security holders.  An annual
report will be sent to the limited  partners and a copy will be forwarded to the
Commission.