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, 2000
                          ------------------------------------------------------
                                       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, 2000

                                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                                  6-8

8.   Consolidated Financial Statements and Supplementary Data            9-26

9.   Changes in and Disagreements with Accountants on
     Accounting and Financial Disclosure                                   27

PART III

10.  Directors and Executive Officers of the Registrant's
     General Partner                                                    27-28

11.  Executive Compensation                                                29

12.  Security Ownership of Certain Beneficial Owners
     and Management                                                        29

13.  Certain Relationships and Related Transactions                        29

PART IV

14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K       30

SIGNATURES                                                                 31


<PAGE>


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

                                December 31, 2000

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 was
$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 May 17, 2000, the date of the Partnership's  final closing,
737,965.04  additional units were admitted  representing  $73,796,504 of capital
contributions   bringing  the  total  admission  to  749,965.04  units  totaling
$74,996,504 in capital  contributions.  During the year ended December 31, 2000,
3,221.15 units were reacquired.  Total  outstanding  units at December 31, 2000,
were 746,743.89.

Segment Information

     The Partnership has only one operating  segment:  the business of acquiring
equipment  subject to leases with companies that the Partnership  believes to be
creditworthy.

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 had two and four lessees which accounted for 10% or more of
total revenue during the years ended December 31, 2000 and 1999, respectively. A
lease of a coal-handling  facility to Portland  General Electric and an aircraft
leased to KLM Royal Dutch Airlines generated 19% and 29%, respectively, of total
revenue  during the year ended December 31, 2000. In the year ended December 31,
1999,  equipment leased to Portland General Electric,  KLM Royal Dutch Airlines,
Oxford Health Plans,  Inc. and BP Amoco Corp.  generated  26%, 15%, 14% and 12%,
respectively, of total revenue.



<PAGE>


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

                                December 31, 2000

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

Lease and Financing Transactions

     For the period ended December 31, 2000 the Partnership purchased $5,135,357
of equipment.  The equipment  purchased subject to lease includes $3,174,357 and
$1,961,000 of equipment leased to E*Trade and Sabena Airlines,  respectively. In
addition,  the Partnership  invested $1,997,000 to acquire an option to purchase
an interest  in a lease of an offshore  drilling  rig with Rowan  Companies  and
$2,526,696 in residual  interests related to a portfolio of technology and other
equipment leases with various lessees in the United Kingdom.

     In 2000, the  Partnership  acquired a 2% interest in a joint venture ("ICON
Aircraft 24846,  LLC") with two other  affiliates  acquiring the remaining joint
venture  interests.  The  Partnership  also  acquired a 1%  interest  in a joint
venture  ("ICON  Cheyenne,  LLC")  with three  other  affiliates  acquiring  the
remaining joint venture interests.

     The  Partnership  owned a portfolio  of leased  equipment  with an original
equipment cost of $150,532,330  and  $136,275,272 at December 31, 2000 and 1999,
respectively.   These   equipment   cost  totals   include   the   Partnership's
proportionate share of equipment held in the AIC Trust and ICON Boardman Funding
LLC joint ventures.

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 year
ended 2000.


<PAGE>


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

                                December 31, 2000

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,
       --------------                        ---------------------------------

                                                 2000                 1999
                                                 ----                 ----

      Limited Partners                          2,900                2,430
      General Partner                               1                    1

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

                                                                             Period Ended
                                              Years Ended December 31,       December 31,
                                              ------------------------       -----------
                                                  2000         1999            1998 (1)
                                                  ----         ----            ----

<S>                                           <C>           <C>                <C>
Total revenue .............................   $14,229,916   $9,131,846         $46,998
                                              ===========   ==========         =======

Net income ................................   $   102,001   $1,262,140         $27,205
                                              ===========   ==========         =======

Net income allocable to limited partners ..   $   100,981   $1,249,519         $26,933
                                              ===========   ==========         =======

Net income allocable to the General Partner   $     1,020   $   12,621         $   272
                                              ===========   ==========         =======

Weighted average limited partnership
   units outstanding ......................       710,779      337,936          95,236
                                              ===========   ==========         =======

Net income per weighted average
   limited partnership unit ...............   $       .14   $     3.70         $   .28
                                              ===========   ==========         =======

Distributions to limited partners .........   $ 7,640,879   $3,632,817         $64,728
                                              ===========   ==========         =======

Distributions to the General Partner ......   $    77,127   $   37,282         $   654
                                              ===========   ==========         =======
</TABLE>


                                               December 31,
                               ------------------------------------------
                                   2000           1999           1998
                                   ----           ----           ----

Total assets                   $130,291,422   $137,921,891   $ 47,129,579
                               ============   ============   ============

Partners' equity               $ 55,293,693   $ 49,476,423   $ 11,794,840
                               ============   ============   ============

(1)  No data is  presented  for  periods  prior to 1998  since  the  Partnership
     commenced operations on October 14, 1998, the initial closing date. Revenue
     and income in 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, 2000

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 was
$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 May 17, 2000, the date of the Partnership's  final closing,
737,965.04  additional units were admitted  representing  $73,796,504 of capital
contributions   bringing  the  total  admission  to  749,965.04  units  totaling
$74,996,504 in capital  contributions.  During the year ended December 31, 2000,
3,221.15 units were reacquired.  Total  outstanding  units at December 31, 2000,
were 746,743.89.

Results of Operations for the Period Ended December 31, 2000 and 1999

     For the years ended December 31, 2000 and 1999, the  Partnership  purchased
subject to lease  equipment with an initial cost of $5,135,357  and  $92,843,212
involving two and twelve  lessees,  respectively.  In addition,  the Partnership
invested  $1,997,000  to acquire an option to purchase an interest in a lease of
an  offshore  drilling  rig with Rowan  Companies  and  $2,526,696  in  residual
interests  related to a portfolio of technology and other equipment  leases with
various lessees in the United Kingdom.

     Revenues  for  the  year  ended   December   31,  2000  were   $14,229,916,
representing  an  increase of  $5,098,070  from 1999.  The  increase in revenues
resulted  primarily  from an increase in rental  income of  $3,380,439,  finance
income of  $1,367,361,  and interest  income and other of $107,490.  Income from
investment  in  joint  ventures  for 2000 was  $231,909,  compared  to a loss of
$10,871 in 1999. These increases are due primarily to the  Partnership's  higher
average  outstanding  lease  investment  portfolio in 2000,  which resulted from
equipment acquisition activity in 1999 and 2000.

     Expenses for the year ended December 31, 2000 were $14,127,915 representing
an increase of $6,258,209 from 1999. The increase in expenses resulted primarily
from  increases  in  interest  expense of  $2,963,399,  depreciation  expense of
$2,051,995, management fees of $905,802, administrative expense reimbursements -
General Partner of $405,715 and general and  administrative  of $183,983.  These
increases  were  partially  offset by a decrease in the  provision  for doubtful
accounts of $185,000 and  amortization  of initial direct costs of $65,758.  The
increase  in  interest  expense  was  due to an  increase  in the  average  debt
outstanding  from  1999  to  2000.  The  increase  in all  other  noted  expense
categories  was  due  to  the  overall  increases  in  the  Partnership's  lease
investment  portfolios resulting from equipment acquisition activity during 1999
and 2000 and higher  levels of operating  activity  during the 2000 period.  The
decrease in the provision for bad debts was the result of determinations made of
the level of reserves required during the 1999 and 2000 periods.

     Net income for the years ended  December 31, 2000 and 1999 was $102,001 and
$1,262,140,   respectively.   The  net  income  per  weighted   average  limited
partnership unit was $.14 and $3.70 for 2000 and 1999, respectively.



<PAGE>


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

                                December 31, 2000

Results of Operations for the Period Ended December 31, 1999

     For the period ended December 31, 1999, the Partnership  purchased  subject
to lease equipment with an initial cost of $92,843,212 involving twelve lessees.

     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  subject
to lease equipment with an initial cost of $47,233,168  involving three lessees.
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 2000,  1999 and 1998 were
capital contributions, net of offering expenses of $13,711,906,  $40,089,524 and
$11,832,017,  respectively,  net cash generated  from  operations of $9,073,044,
$1,825,719  and  $1,610,077,  respectively.  These funds  along with  borrowings
assumed  on  equipment  purchases  were  used to  purchase  or  finance  leases,
investment  in  residuals  and  investments  in joint  ventures  of  $9,818,207,
$96,993,212 and $47,233,168,  respectively, and to fund cash distributions.  The
Partnership   intends  to  continue  to   purchase   equipment   and  fund  cash
distributions utilizing cash from operations and additional borrowings.

     Cash  distributions  to the  limited  partners,  which  were paid  monthly,
aggregated  $7,640,879 in 2000 and $3,632,817 in 1999. The monthly  distribution
rate in 2000 and 1999 was 10.75% (on an annualized basis) of which .14% and 3.7%
was investment  income and 10.61% and 7.05% was a return of capital,  calculated
as  a  percentage  of  each  limited  partner's  initial  capital  contribution.
Distributions  were calculated  based on the number of days each investment unit
was in the Partnership.

     As  of  December  31,  2000,   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  operations  and  additional
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, 2000

Item 7a.  Qualitative and Quantitative Disclosures About Market Risk

     The  Partnership is exposed to certain market risks,  including  changes in
interest rates. The Partnership  believes its exposure to other market risks are
insignificant to both its financial position and results of operations.

     The  Partnership  manages its interest  rate risk by  obtaining  fixed rate
debt. The fixed rate debt service  obligation  streams are generally  matched by
fixed  rate  lease  receivable  streams  generated  by the  Partnership's  lease
investments.

     The  Partnership  borrows funds under a floating rate line of credit and is
therefore  exposed to interest  rate risk until the floating rate line of credit
is repaid.  The Partnership's  borrowings under the floating rate line of credit
as of December  31,  2000 was  $3,594,026.  The  Partnership  believes  the risk
associated with rising interest rates under this line is immaterial.


<PAGE>


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

                                December 31, 2000

Item 8.  Consolidated Financial Statements and Supplementary Data


                          Index to Financial Statements

                                                                     Page Number

Independent Auditors' Report                                              11

Consolidated Balance Sheet as of December 31, 2000 and 1999               12

Consolidated Statement of Operations for the Years
  Ended December 31, 2000, 1999
  and for the Period July 9, 1997
  (date of inception) to December 31, 1998                                13

Consolidated Statement of Changes in Partners'
  Equity for the Years Ended December 31, 2000,
  1999 and for the Period July 9, 1997
  (date of inception) to December 31, 1998                             14-15

Consolidated Statement of Cash Flows for the Years
  Ended December 31, 2000, 1999
  and for the Period July 9, 1997 (date of inception)
  to December 31, 1998                                                 16-18

Notes to Consolidated Financial Statements                             19-26



<PAGE>








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

                        Consolidated Financial Statements

                                December 31, 2000

                   (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, 2000 and 1999,
and the related  consolidated  statement  of  operations,  changes in  partners'
equity,  and cash flows for the years ended  December  31, 2000 and 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 audits in accordance with auditing standards generally accepted
in the  United  States of  America.  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  audits  provide  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, 2000 and 1999, and the results of its operations
and its cash flows for the years  ended  December  31, 2000 and 1999 and for the
period July 9, 1997 (date of inception) to December 31, 1998 in conformity  with
accounting principles generally accepted in the United States of America.



                                    /s/ KPMG LLP
                                    -------------------------------------------
                                    KPMG LLP



March 28, 2001
New York, New York


<PAGE>


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

                           Consolidated Balance Sheet

                                  December 31,
<TABLE>
<CAPTION>

                                                             2000             1999
                                                             ----             ----
Assets

<S>                                                     <C>              <C>
Cash                                                    $   3,205,892    $   5,222,028
                                                        -------------    -------------

Investment in finance leases
   Minimum rents receivable                                54,638,052       72,064,245
   Estimated unguaranteed residual values                  43,012,329       42,536,175
   Initial direct costs                                     1,698,552        2,327,918
   Unearned income                                        (19,821,123)     (27,622,947)
   Allowance for doubtful accounts                           (585,000)        (385,000)
                                                        -------------    -------------
                                                           78,942,810       88,920,391

Investment in operating leases
   Equipment, at cost                                      40,688,100       38,671,600
   Accumulated depreciation                                (3,240,611)        (594,308)
                                                        -------------    -------------
                                                           37,447,489       38,077,292

Investments in unguaranteed residual values                 5,673,696        1,150,000
                                                        -------------    -------------

Investments in joint ventures                               3,379,870        2,989,128
                                                        -------------    -------------

Other assets                                                1,641,665        1,563,052
                                                        -------------    -------------

Total assets                                            $ 130,291,422    $ 137,921,891
                                                        =============    =============

Liabilities and Partners' Equity

Notes payable - non-recourse                               69,520,569       82,790,864
Note payable - line of credit                               3,594,026        5,000,000
Security deposits and other                                 1,197,193          521,695
Accounts payable - General Partner and affiliate              537,085             --
Minority interests in joint venture                           148,856          132,909
                                                        -------------    -------------
                                                           74,997,729       88,445,468

Commitments and Contingencies

Partners' equity (deficiency)
   General Partner                                           (100,150)         (24,043)
   Limited partners (746,743.89 and 595,184.58 units
     outstanding, $100 per unit original issue price)      55,393,843       49,500,466
                                                        -------------    -------------

     Total partners' equity                                55,293,693       49,476,423
                                                        -------------    -------------

Total liabilities and partners' equity                  $ 130,291,422    $ 137,921,891
                                                        =============    =============
</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 Years Ended December 31, 2000, 1999 and for the
          Period July 9, 1997 (date of inception) to December 31, 1998
<TABLE>
<CAPTION>

                                                          2000          1999          1998
                                                          ----          ----          ----
Revenues

<S>                                                   <C>           <C>            <C>
   Finance income                                     $ 8,988,112   $ 7,620,751    $    23,869
   Rental income                                        4,759,939     1,379,500           --
   Interest income and other                              249,956       142,466         23,129
   Income (loss) from investments in joint ventures       231,909       (10,871)          --
                                                      -----------   -----------    -----------

   Total revenues                                      14,229,916     9,131,846         46,998
                                                      -----------   -----------    -----------

Expenses

   Interest                                             7,361,127     4,397,728          4,590
   Depreciation                                         2,646,303       594,308           --
   Amortization of initial direct costs                   819,348       885,106          3,179
   Management fees - General Partner                    1,836,953       931,151            395
   Administrative expense
     reimbursements - General Partner                     751,073       345,358            956
   Provision for doubtful accounts                        200,000       385,000           --
   General and administrative                             497,164       313,181         10,673
   Minority interest expense                               15,947        17,874           --
                                                      -----------   -----------    -----------

   Total expenses                                      14,127,915     7,869,706         19,793
                                                      -----------   -----------    -----------

Net income                                            $   102,001   $ 1,262,140    $    27,205
                                                      ===========   ===========    ===========

Net income allocable to:
   Limited partners                                   $   100,981   $ 1,249,519    $    26,933
   General Partner                                          1,020        12,621            272
                                                      -----------   -----------    -----------

                                                      $   102,001   $ 1,262,140    $    27,205
                                                      ===========   ===========    ===========

Weighted average number of limited
   partnership units outstanding                          710,779       337,936         95,236
                                                      ===========   ===========    ===========

Net income per weighted average
   limited partnership unit                           $       .14   $      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 Years Ended December 31, 2000, 1999 and for the
        Period from July 9, 1997 (date of inception) to December 31, 1998
<TABLE>
<CAPTION>

                                 Limited Partner Distributions

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

<S>                                   <C>         <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



                                                        (continued on next page)

</TABLE>


<PAGE>


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

        Consolidated Statement of Changes in Partners' Equity - Continued
<TABLE>
<CAPTION>

                                  Limited Partner Distributions

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

<S>                                   <C>           <C>           <C>           <C>       <C>
Proceeds from issuance
   of limited partnership
   units (154,770.46 units)                                       15,477,046        -     15,477,046

Sales and offering expenses                                       (1,765,140)       -     (1,765,140)

Cash distributions to partners        $ 10.61       $ .14         (7,640,879)   (77,127)  (7,718,006)

Reacquired units (3,221.15)                                         (278,631)       -       (278,631)

Net income                                                           100,981      1,020      102,001
                                                                 -----------  ---------  -----------

Balance at
   December 31, 2000                                             $55,393,843  $(100,150) $55,293,693
                                                                 ===========  =========  ===========
</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 Years Ended December 31,
                   2000, 1999 and for the Period July 9, 1997
                    (date of inception) to December 31, 1998
<TABLE>
<CAPTION>

                                                                     2000            1999            1998
                                                                     ----            ----            ----

Cash flows from operating activities:
<S>                                                              <C>             <C>             <C>
   Net income                                                    $    102,001    $  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                                       (6,614,810)     (5,939,302)         (6,266)
     Interest expense on non-recourse financing paid
       directly by lessees                                          3,565,575       4,142,210           4,590
     Depreciation                                                   2,646,303         594,308            --
     Amortization of initial direct costs                             819,348         885,106           3,179
     Minority interest expense                                         15,947          17,874            --
     (Income) loss from investment in joint venture                  (231,909)         10,871            --
     Provision for doubtful accounts                                  200,000         385,000            --
     Changes in operating assets and liabilities:
       Collection of principal - non-financed receivables           7,194,739       2,826,053          47,915
       Other assets                                                   (78,613)     (1,518,394)        (44,658)
       Minority interests in joint ventures                              --           (55,845)        170,880
       Accounts payable to General Partner and affiliates, net        537,085      (1,232,922)      1,232,922
       Security deposits and other                                    675,498         348,777         172,918
       Other                                                          241,558          99,843           1,392
                                                                 ------------    ------------    ------------

         Total adjustments                                          8,970,721         563,579       1,582,872
                                                                 ------------    ------------    ------------

       Net cash provided by operating activities                    9,072,722       1,825,719       1,610,077
                                                                 ------------    ------------    ------------

Cash flows from investing activities:
   Equipment purchased                                             (2,255,107)    (40,110,867)    (18,479,739)
   Initial direct costs                                              (181,214)     (1,799,189)     (1,417,014)
   Investments in joint ventures                                     (158,832)     (3,000,000)           --
   Investments in unguaranteed residual values                     (4,523,696)     (1,150,000)           --
                                                                 ------------    ------------    ------------

       Net cash used in investing activities                       (7,118,849)    (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)
<TABLE>
<CAPTION>


                                                                  2000            1999           1998
                                                                  ----            ----           ----

<S>                                                            <C>             <C>             <C>
Cash flows from financing activities:
   Initial partners' capital contribution                            --             2,000
   Issuance of limited partnership units,
     net of offering expenses                                  13,711,906      40,089,542      11,832,017
   Reacquisition of limited partnership units                    (278,631)           --              --
   Proceeds from note payable - line of credit                       --              --         5,000,000
   Payment recourse debt                                       (1,405,974)           --         3,801,108
   Net proceeds from non-recourse borrowing                          --        10,753,855            --
   Payment of non-recourse debt                                (8,279,304)           --              --
   Cash distributions to partners                              (7,718,006)     (3,670,099)        (65,382)
                                                             ------------    ------------    ------------

       Net cash (used in) provided by financing activities     (3,970,009)     47,173,298      20,569,743
                                                             ------------    ------------    ------------

Net (decrease) increase in cash                                (2,016,136)      2,938,961       2,283,067

Cash at beginning of the period                                 5,222,028       2,283,067            --
                                                             ------------    ------------    ------------

Cash at end of year                                          $  3,205,892    $  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, 2000, 1999 and 1998, non-cash activities
included the following:
<TABLE>
<CAPTION>

                                                             2000            1999           1998
                                                             ----            ----           ----

<S>                                                     <C>             <C>             <C>
Fair value of equipment and receivables
   purchased for debt                                   $ (2,880,250)   $(52,732,345)   $(28,753,429)
Non-recourse notes payable assumed in purchase price       2,880,250      52,732,345      28,753,429

Principal and interest on direct finance receivables
  paid directly to lenders by lessees                     11,436,816       9,453,355            --
Principal and interest on non-recourse financing paid
  directly to lenders by lessees                         (11,436,816)     (9,453,355)           --
                                                        ------------    ------------    ------------

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

     Interest  expense of $7,361,127  and $4,397,728 for the twelve months ended
December  31,  2000 and 1999  consisted  of  interest  expense  on  non-recourse
financing  paid  directly to lenders by lessees of  $3,565,575  and  $4,142,210,
respectively, and other interest of $3,795,552 and $255,518, respectively.
























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, 2000

1.   Organization

     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 was
$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 May 17, 2000, the date of the Partnership's  final closing,
737,965.04  additional units were admitted  representing  $73,796,504 of capital
contributions   bringing  the  total  admission  to  749,965.04  units  totaling
$74,996,504 in capital  contributions.  During the year ended December 31, 2000,
3,221.15 units were reacquired.  Total  outstanding  units at December 31, 2000,
were 746,743.89.

     The General  Partner of the Partnership is ICON Capital Corp. (the "General
Partner"), a Connecticut  corporation.  The General Partner manages and controls
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,  received an
underwriting commission on the gross proceeds from sales of all units. The total
underwriting  compensation  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,  12.5%  of  gross  proceeds  from  $25,000,000  to
$50,000,000   and  11.5%  of  gross  offering   proceeds  from   $50,000,000  to
$75,000,000.  Such offering expenses aggregated  $9,363,039 (including $537,217,
$2,833,241  and $752,325 paid to the General  Partner or its affiliates in 2000,
1999 and 1998, respectively),  (see Note 8) 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 an
8% 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.



<PAGE>


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

             Notes to Consolidated Financial Statements - Continued

     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.

     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  depreciated 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.

     Investments in Unguaranteed  Residual Values - The Partnership  carries its
investments in the future estimated  unguaranteed residuals of certain assets at
cost (which is at least equal to market value) until sale of the  equipment,  at
which time a gain or loss will be recognized on each transaction. No income will
be recognized until the underlying equipment is sold. (See Note 6 for discussion
of investment in estimated unguaranteed residual value.)

     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, 2000 and 1999 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.



<PAGE>


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

             Notes to Consolidated Financial Statements - Continued

     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.

     New Accounting  Pronouncement - Effective  January 1, 2001, the Partnership
adopted  SFAS No.  133,  "Accounting  for  Derivative  Instruments  and  Hedging
Activities," as amended. The adoption of SFAS No. 133 did not have any effect on
the Partnership's financial position or results of operations.

3.   Investments in Joint Ventures

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

     The joint venture  described  below is majority  owned and is  consolidated
with the Partnership.

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.  On
March 30, 1999 ICON BF acquired L.P.  Six's  investment in a portion of the rent
in excess of the senior debt payments for  $3,097,637  and financed with a third
party, all of the rent receivable in excess of the senior debt payments. ICON BF
received  $7,643,867 from the financing.  The proceeds of the financing,  net of
the purchase of L.P. Six's  investment,  were distributed to the members of ICON
BF.

     The three joint  ventures  described  below are less than 50% owned and are
accounted for following the equity method.

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 L.P. Six or
to the Partnership.



<PAGE>


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

             Notes to Consolidated Financial Statements - Continued

     As a result of the sales of these  interests,  as of December  31, 2000 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 financial  position and results of operations of the
joint venture is summarized below:

                                      December 31, 2000      December 31, 1999
                                      -----------------      -----------------

Assets                                $    16,677,641        $     22,058,522
                                      ===============        ================

Liabilities                           $     9,311,356        $     15,221,822
                                      ===============        ================

Equity                                $     7,366,285        $      6,836,700
                                      ===============        ================

Partnership's share of equity         $     3,220,716        $      2,989,129
                                      ===============        ================

                                                                  Dates of
                                         Year Ended          Investments Through
                                      December 31, 2000       December 31, 1999
                                      -----------------       -----------------

Net income (loss)                     $       529,585        $        (18,130)
                                      ===============        ================

Partnership's share of
  net income (loss)                   $       231,587        $        (10,871)
                                      ===============        ================

ICON Aircraft 24846, LLC

     In 2000, the  Partnership  and two  affiliates,  L.P. Seven and ICON Income
Fund  Eight B L.P.  ("Fund  Eight B") formed  ICON  Aircraft  24846,  LLC ("ICON
Aircraft")  for the purpose of acquiring  an  investment  in an aircraft  with a
purchase price of $44,515,416,  which was funded with cash and non-recourse debt
assumed in the purchase  price.  This aircraft is subject to an operating  lease
with Scandinavian Airlines System. The Partnership has a 2% interest,  with L.P.
Seven  and  Fund  Eight  B  having  2%  and  96%  interests,  respectively.  The
Partnership accounts for its investment under the equity method of accounting.


<PAGE>


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

             Notes to Consolidated Financial Statements - Continued

     Information  as to the financial  position and results of operations of the
joint venture as of and for the period of investment  through  December 31, 2000
is summarized below:

                                                       December 31, 2000

Assets                                                  $    44,450,734
                                                        ===============

Liabilities                                             $    42,193,269
                                                        ===============

Equity                                                  $     2,257,465
                                                        ===============

Partnership's share of equity                           $        45,149
                                                        ===============

Net income                                              $        16,100
                                                        ===============

Partnership's share of net income                       $           322
                                                        ===============

ICON Cheyenne LLC

     In 2000, the  Partnership  and three  affiliates,  L.P. Six, L.P. Seven and
Fund Eight B formed  ICON  Cheyenne  LLC ("ICON  Cheyenne")  for the  purpose of
acquiring  a  portfolio  of  lease  investments.   The  purchase  price  totaled
$29,705,716  and was  funded  with  cash  and  non-recourse  debt  assumed.  The
Partnership, L.P. Six, L.P. Seven and Fund Eight B received a 1%, 1%, 10.31% and
87.69% interest,  respectively,  in ICON Cheyenne.  The Partnership accounts for
this investment under the equity method of accounting.

     Information  as to the financial  position and results of operations of the
joint venture as of and for the period of investment  through  December 31, 2000
is summarized below:

                                                     December 31, 2000

Assets                                                $    29,705,716
                                                      ===============

Liabilities                                           $    18,304,565
                                                      ===============

Equity                                                $    11,401,151
                                                      ===============

Partnership's share of equity                         $       114,005
                                                      ===============

Net income                                            $         -
                                                      ===============



<PAGE>


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

             Notes to Consolidated Financial Statements - Continued

4.   Receivables Due in Installments

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

                       Year
                       ----
                       2001                        $   21,689,244
                       2002                            13,147,333
                       2003                             9,957,198
                       2004                             5,332,650
                       2005                             4,511,627
                                                   --------------
                                                   $   54,638,052
                                                   ==============

5.       Investment in Operating Leases

     In 1999 the  Partnership  acquired two Boeing 737-400  aircraft for a total
cost of  $37,600,000.  One  aircraft is currently  leased to The Boeing  Company
through May 2003. The other aircraft is presently being remarketed for re-lease.
In  2000  the  Partnership  acquired  aircraft  rotables  for a  total  cost  of
$1,961,000.  The aircraft rotables are leased to Sabena Airlines through January
2003.

     The investment in operating leases at December 31, 2000 and 1999 consisted
of the following:


                                                   2000           1999
                                                   ----           ----

Equipment beginning of year                   $ 38,671,600    $       --

Equipment acquisitions                           1,961,000      37,600,000

Initial direct costs                                55,500       1,071,600
                                              ------------    ------------

Equipment cost, end of year                   $ 40,688,100    $ 38,671,600

Accumulated depreciation, beginning of year       (594,308)           --

Depreciation                                    (2,646,303)       (594,308)
                                              ------------    ------------

Accumulated depreciation, end of year           (3,240,611)       (594,308)
                                              ------------    ------------

Investment in operating lease, end of year    $ 37,447,489    $ 38,077,292
                                              ============    ============

6.   Investments in Unguaranteed Residual Values

     In the year ended December 31, 2000, the Partnership invested $1,997,000 to
acquire an interest in an off-shore oil drilling rig subject to lease with Rowan
Companies  and  $2,526,696  for  residual  interests  related to a portfolio  of
technology  and other  equipment  leases  with  various  lessees  in the  United
Kingdom.  The  Partnership  also has an  option to  acquire  an  interest  in an
aircraft engine and related  components subject to lease with American Airlines.
The Partnership purchased this option in 1999 for a cost of $1,150,000.


<PAGE>


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

             Notes to Consolidated Financial Statements - Continued

7.   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, 2000,
the prime rate was 9.5% and the Partnership had $3,594,026 outstanding under the
Facility. The Facility expires April 2001 and is renewable on a yearly basis.

     The above notes mature as follows:

                 Notes Payable      Note Payable
     Year        Non-Recourse        Recourse             Total

     2001        $15,852,156        $ 3,594,026        $19,446,182
     2002          9,290,608               --            9,290,608
     2003         30,137,090               --           30,137,090
     2004         10,903,480               --           10,903,480
     2005          3,337,235               --            3,337,235
                 -----------        -----------        -----------
                 $69,520,569        $ 3,594,026        $73,114,595
                 ===========        ===========        ===========

8.   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, 2000,  1999 and 1998
were as follows:
<TABLE>
<CAPTION>

                              2000         1999         1998
                              ----         ----         ----
<S>                        <C>          <C>          <C>          <C>
Organization and
  offering expenses        $  230,236   $1,642,852   $  478,752   Charged to equity
Underwriting commissions      306,981    1,190,389      273,573   Charged to equity
Acquisition fees            2,149,370    2,327,918    1,417,014   Capitalized
Management fees             1,836,953      931,151          395   Charged to operations
Administrative expense
  reimbursements              751,073      345,358          956   Charged to operations
                           ----------   ----------   ----------

                           $5,274,613   $6,437,668   $2,170,690
                           ==========   ==========   ==========
</TABLE>

     The   Partnership  has  investments  in  four  joint  ventures  with  other
partnerships  sponsored  by the  General  Partner.  See  Note  3 for  additional
information relating to the joint ventures.


<PAGE>


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

             Notes to Consolidated Financial Statements - Continued

9.   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,
2000, 1999 and 1998:
<TABLE>
<CAPTION>

                                           2000           1999            1998
                                           ----           ----            ----

<S>                                   <C>             <C>             <C>
Net income per financial statements   $    102,001    $  1,262,140    $     27,205

Differences due to:
  Direct finance leases                  8,988,112       7,620,751          15,665
  Depreciation                         (17,135,716)    (12,974,252)     (1,995,119)
  Provision for losses                    (200,000)       (385,000)           --
  Loss on sale of equipment                   --          (279,835)           --
  Interest expense                      (1,060,868)     (1,383,573)           --
  Other                                 (1,155,319)        575,068            --
                                      ------------    ------------    ------------

Partnership (loss) for
 federal income tax purposes          $(10,461,790)   $ (5,564,701)   $ (1,952,249)
                                      ============    ============    ============
</TABLE>

     As of December 31, 2000,  the partners'  capital  accounts  included in the
financial  statements  totaled  $55,293,693  compared to the  partners'  capital
accounts  for  federal  income tax  purposes  of  $45,322,710  (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.

10.  Quarterly Financial Data (Unaudited)

     The following table is a summary of financial data by quarter for the years
ended December 31, 2000 and 1999:
<TABLE>
<CAPTION>

                                                                For the Quarters Ended
                                         --------------------------------------------------------------

                                            March 31,         June 30,      September 30,   December 31,
                                            --------          -------       ------------    -----------

2000
<S>                                      <C>              <C>              <C>              <C>
     Revenues                            $    3,698,477   $    3,724,307   $    4,066,633   $ 2,740,499
                                         ==============   ==============   ==============   ===========

     Net income (loss) allocable to
       limited partners                  $      174,592   $       23,234   $       47,894   $  (144,739)
                                         ==============   ==============   ==============   ===========

     Net income (loss) per weighted
       average limited partnership unit  $         0.27   $         0.03   $         0.06   $     (0.22)
                                         ==============   ==============   ==============   ===========

1999
     Revenues                            $      928,693   $    2,372,871   $    2,320,895   $ 3,509,387
                                         ==============   ==============   ==============   ===========

     Net income allocable to
       limited partners                  $        5,808   $      368,483   $      363,946   $   511,282
                                         ==============   ==============   ==============   ===========

     Net income per weighted
       average limited partnership unit  $         0.03   $         1.13   $         0.82   $      1.72
                                         ==============   ==============   ==============   ===========
</TABLE>

<PAGE>


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

                                December 31, 2000

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, 2000

Item 10.  Continued

     Beaufort J. B. Clarke,  age 55, 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 40, 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 47, 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, 2000

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, 2000, 1999 and 1998.
<TABLE>
<CAPTION>

                                                  Type of
      Entity                Capacity           Compensation           2000        1999       1998
      ------                --------           ------------           ----        ----       ----

<S>                      <C>                <C>                   <C>         <C>          <C>
ICON Capital Corp.       General Partner    Organization and
                                              offering expenses   $  230,236  $1,642,852  $  478,752
ICON Securities Corp.    Dealer-Manager     Underwriting
                                              commissions            306,981   1,190,389     273,573
ICON Capital Corp.       Manager            Acquisition fees       2,149,370   2,327,918   1,417,014
ICON Capital Corp.       General Partner    Management fees        1,836,953     931,151         395
ICON Capital Corp.       General Partner    Administrative
                                              expense
                                              reimbursements         751,073     345,358         956
                                                                  ----------  ----------  ----------

                                                                  $5,274,613  $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 23, 2001,  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                                                            Percent
    of Class               Amount Beneficially 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, 2000

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 year ended
December 31, 2000.



<PAGE>


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

                                December 31, 2000


                                   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 28, 2001             /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 28, 2001            /s/ Beaufort J.B. Clarke
                                 -----------------------------------------------
                                 Beaufort J.B. Clarke
                                 Chairman, Chief Executive Officer and Director


Date:  March 28, 2001            /s/ Paul B. Weiss
                                 -----------------------------------------------
                                 Paul B. Weiss
                                 President and Director


Date:  March 28, 2001            /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.