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, 2001
                          ------------------------------------------------------
                                       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                         333-67638
                       ---------------------------------------------------------

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

             Delaware                                     13-4183234
----------------------------------------         -------------------------------
 (State or other jurisdiction of                       (I.R.S. Employer
  incorporation or organization)                     Identification Number)

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

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

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:
            Limited Liability Company Shares

--------------------------------------------------------------------------------
                                (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 Nine, LLC
                     (A Delaware Limited Liability Company)

                                December 31, 2001

                                TABLE OF CONTENTS

Item                                                                    Page

PART I

1.   Business                                                            3

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                                             4

6.   Selected Financial and Operating Data                               5

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

8.   Financial Statements and Supplementary Data                      8-16

9.   Changes in and Disagreements with Accountants on
     Accounting and Financial Disclosure                                17

PART III

10.  Directors and Executive Officers of the Registrant's
     Manager                                                         17-18

11.  Executive Compensation                                             18

12.  Security Ownership of Certain Beneficial Owners
     and Management                                                     18

13.  Certain Relationships and Related Transactions                     18

PART IV

14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K    19

SIGNATURES                                                              20


<PAGE>


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

                                December 31, 2001


PART I

Item 1.  Business

General Development of Business

     ICON  Income Fund Nine,  LLC ("Fund  Nine"),  was formed on July 11,  2001,
pursuant to the Amended and  Restated  Operating  Agreement  of ICON Income Fund
Nine, LLC ("Operating  Agreement") as a Delaware limited  liability company with
an initial  capitalization  of $1,000 by ICON Capital Corp.  (the "Manager") for
one member share. It was formed to acquire various types of equipment subject to
lease  with  third  parties  and to make  related  investments  pursuant  to the
Operating  Agreement.  Fund Nine's maximum offering is  $100,000,000.  Fund Nine
commenced  business  operations  on December  18,  2001,  with the  admission of
members  representing  1,249.91  additional members' shares at $1,000 per share,
aggregating  $1,249,910  of capital  contributions.  As of  December  31,  2001,
members  representing  1,584.114  additional  shares had been admitted into Fund
Nine with aggregate gross proceeds of $1,584,114,  bringing the total admissions
to 2,834.024 shares aggregating  $2,834,024 in capital contributions  (exclusive
of the Manager's interest as a member).

     The  Manager is a  Connecticut  corporation.  The  Manager  will manage and
control the business  affairs of Fund Nine's  equipment  leases and  investments
under a management  agreement with the Fund Nine. As of December 31, 2001,  Fund
Nine had not yet consummated any equipment leases or investments.

Segment Information

     Fund Nine  intends to have only one  operating  segment:  the  business  of
acquiring  equipment subject to leases with companies that Fund Nine believes to
be creditworthy and making related investments.

Narrative Description of Business

     Fund Nine is an equipment  leasing income fund. The principal  objective of
Fund Nine is to obtain the maximum  economic return from its investments for the
benefit of its  members.  To achieve this  objective,  Fund Nine 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 members
commencing  with each member's  admission to Fund Nine,  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 of equipment  and  financing  transactions
during  the  Reinvestment  Period;  and  (4)  sell  Fund  Nine  investments  and
distribute the cash from sales of such  investments to its members after the end
of the Reinvestment Period.

     The equipment leasing industry is highly competitive.  When seeking leasing
transactions  for  acquisition,  Fund  Nine  competes  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 Fund Nine and have greater financial resources.

     Fund  Nine has no direct  employees.  Except as  expressly  limited  by the
Operating  Agreement,  the  Manager  has full and  exclusive  discretion  in the
management and control of Fund Nine.



<PAGE>


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

                                December 31, 2001


Item 2.  Properties

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

Item 3.  Legal Proceedings

     Fund Nine 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 2001.

PART II

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

     Fund Nine's shares are not publicly  traded nor is there currently a market
for Fund Nine shares. It is unlikely that any such market will develop.

                                        Number of Equity Security Holders
Title of Class                               as of December 31, 2001
--------------                        --------------------------------------

 Manager (as a member)                                    1
 Additional members                                     114



<PAGE>


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

                                December 31, 2001

Item 6.  Selected Financial and Operating Data

                                                         For the Period
                                                          July 11, 2001
                                                      (date of inception)
                                                      to December 31, 2001

Total revenue                                           $           0
                                                        =============

Net loss                                                $        (324)
                                                        =============

Net loss allocable to additional members                $        (321)
                                                        =============

Net income allocable to the Manager                     $          (3)
                                                        =============

Weighted average member shares outstanding                      2,043
                                                        =============

Net loss per weighted average member share              $       (0.16)
                                                        =============

Distributions to members                                $           0
                                                        =============

Distributions to the Manager                            $           0
                                                        =============


                                                       December 31, 2001

Total assets                                               $2,454,640
                                                           ==========

Members' equity                                            $2,452,107
                                                           ==========



     (1) No data is presented  for the periods prior to 2001 since Fund Nine was
formed on July 11, 2001,  and  commenced  operations  on December 18, 2001,  the
initial  closing date.  The results of operations  for the period ended December
31, 2001 do not reflect a full twelve months of activity.

     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 Nine, LLC
                     (A Delaware Limited Liability Company)

                                December 31, 2001

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

     ICON Income Fund Nine,  LLC ("Fund  Nine") was formed on July 11, 2001 as a
Delaware limited liability  company with an initial  capitalization of $1,000 by
ICON  Capital  Corp.  (the  "Manager")  for one member  share.  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.  Fund
Nine's maximum offering is $100,000,000. Fund Nine commenced business operations
on December  18,  2001,  with the  admission  of members  representing  1,249.91
additional  shares  at  $1,000  per  share  aggregating  $1,249,910  of  capital
contributions.   As  of  December  31,  2001,  members  representing   1,584.114
additional  shares  had  been  admitted  into  Fund  Nine  aggregating   capital
contributions  of $1,584,114,  bringing the total admission to 2,834.024  shares
aggregating  $2,834,024  in capital  contributions  (exclusive  of the Manager's
interest as a member).

Results of Operations for the Period Ended December 31, 2001

     Fund Nine had its first initial  admission of members in December 2001, but
did not make any  investments or  acquisitions  (other than a deposit towards an
acquisition, which was consummated in February 2002).

Liquidity and Capital Resources

     Fund Nine had its first  admission  of  additional  members on December 18,
2001 and through December 31, 2001, had admitted additional members representing
2,834.024 shares totaling gross proceeds of $2,834,024,  from which $382,593 was
used for sales and  offering  expenses,  leaving a balance of  $2,451,431,  plus
$1,000  contributed  by  the  Manager,  available  for  investments  in  leasing
transactions. As of December 31, 2001, Fund Nine had placed $1,650,000 in escrow
with an  unaffiliated  third  party,  intended  to be used to  purchase a 21.29%
interest in a joint  venture  with an  affiliate,  ICON Income Fund Eight B L.P.
("Fund  Eight  B"),  for the  purpose of  acquiring  certain  manufacturing  and
materials  handling  equipment  subject  to lease.  In January  2002,  the joint
venture was capitalized with the escrowed funds from Fund Nine and Fund Eight B.
In February 2002, the transaction was  consummated.  At the  consummation  date,
Fund Nine acquired an  additional  29.71% of the joint venture from Fund Eight B
for  $2,302,525,  utilizing  available  cash and  additional  offering  proceeds
received in 2002, bringing its ownership percentage in the joint venture to 51%.
Fund Nine did not make any cash  distributions  to  members  in 2001.  Fund Nine
began making cash  distributions in January 2002.  Distributions to members paid
in January and February  2002,  prior to Fund Nine  completing any investment or
purchasing   leased   equipment,   constitutes  a  return  of  original  capital
contribution to the members. For the period January 1, 2002 through February 28,
2002, Fund Nine admitted  members  representing an additional  9,359.879  shares
totaling $9,359,879.


     As  of  December  31,  2001,   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,  Fund  Nine will  continue  to  invest  in  transactions,  while
retaining  sufficient  cash to  meet  its  reserve  requirements  and  recurring
obligations.


<PAGE>


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

                                December 31, 2001

Item 7a.  Qualitative and Quantitative Disclosures About Market Risk

     Fund Nine is exposed to certain market risks, including changes in interest
rates. As of December 31, 2001, Fund Nine did not have any liabilities that were
interest  rate based.  Fund Nine believes its exposure to other market risks are
insignificant  to both its  financial  position  and results of  operations.  In
February  2002,  Fund Nine  through  its 51%  joint  venture,  acquired  certain
manufacturing and materials handling equipment for cash.


<PAGE>


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

                                December 31, 2001

Item 8.  Financial Statements and Supplementary Data


                          Index to Financial Statements

                                                                Page Number

Independent Auditors' Report                                             10

Balance Sheet as of  December 31, 2001                                   11

Statement of Operations for the Period July 11, 2001
 (date of inception) to December 31, 2001                                12

Statement of Changes in Members' Equity for the Period
  July 11, 2001 (date of inception) to December 31, 2001                 13

Statement of Cash Flows for the Period July 11, 2001
 (date of inception) to December 31, 2001                                14

Notes to Financial Statements                                         15-16



<PAGE>











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

                              Financial Statements

                                December 31, 2001

                   (With Independent Auditors' Report Thereon)



<PAGE>














                          INDEPENDENT AUDITORS' REPORT


The Members
ICON Income Fund Nine, LLC :

We have audited the accompanying  balance sheet of ICON Income Fund Nine, LLC (a
Delaware  limited  liability  company) as of December 31, 2001,  and the related
statements of  operations,  changes in members'  equity,  and cash flows for the
period  from July 11,  2001 (date of  inception)  to December  31,  2001.  These
financial  statements  are the  responsibility  of Fund Nine's  management.  Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

We conducted our audit 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  audit  provides  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the financial position of ICON Income Fund Nine, LLC as
of December 31, 2001,  and the results of its  operations and its cash flows for
the period  from July 11,  2001 (date of  inception)  to  December  31,  2001 in
conformity with accounting principles generally accepted in the United States of
America.



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


March 29, 2002
New York, New York


<PAGE>


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

                                  Balance Sheet

                                December 31, 2001


         Assets

Cash                                                           $      804,640

Cash held in escrow                                                 1,650,000
                                                               --------------

Total assets                                                   $    2,454,640
                                                               ==============


         Liabilities and Members' Equity

Accrued offering expenses - Manager                            $        2,533
                                                               --------------

Commitments and Contingencies

Members' Equity
   Manager (one share outstanding,
      $1,000 per share original issue price)                              997
   Additional members (2,834.024 shares outstanding,
      $1,000 per share original issue price)                        2,451,110
                                                               --------------

   Total members' equity                                            2,452,107
                                                               --------------

Total liabilities and members' equity                          $    2,454,640
                                                               ==============

















See accompanying notes to financial statements.


<PAGE>


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

                             Statement of Operations

      For the Period July 11, 2001 (date of inception) to December 31, 2001

Expenses

   General and administrative                           $         324
                                                        -------------

   Total expenses                                                 324
                                                        -------------

Net loss                                                $        (324)
                                                        =============

Net loss allocable to:
   Managing member                                      $          (3)
   Additional members                                            (321)
                                                        -------------

                                                        $        (324)
                                                        =============

Weighted average number of
   member shares outstanding                                    2,043
                                                        =============

Net loss per weighted average
   member shares                                        $       (0.16)
                                                        =============
























See accompanying notes to financial statements.


<PAGE>


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

                     Statement of Changes in Members' Equity

   For the Period from July 11, 2001 (date of inception) to December 31, 2001


<TABLE>


                                                         Managing   Additional
                                                          Member    Members          Total


<S>                                                 <C>            <C>            <C>
Managing member's capital contribution              $     1,000    $     --       $     1,000

Proceeds from issuance of additional members
   shares (2,834.024 shares)                               --        2,834,024      2,834,024

Sales and offering expenses                                --         (382,593)      (382,593)

Net loss                                                     (3)          (321)          (324)
                                                    -----------    -----------    -----------

Balance at December 31, 2001                        $       997    $ 2,451,110    $ 2,452,107
                                                    ===========    ===========    ===========


</TABLE>






















See accompanying notes to financial statements.


<PAGE>


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

                             Statement of Cash Flows

      For the Period July 11, 2001 (date of inception) to December 31, 2001



Cash flows used in operating activities:
   Net loss                                              $         (324)
                                                         --------------

Cash flows used in investing activities:
   Cash placed in escrow                                     (1,650,000)
                                                         --------------

Cash flows provided by financing activities:
   Managing member's capital contribution                         1,000
   Issuance of additional members' shares,
     net of offering expenses                                 2,453,964
                                                         --------------

       Net cash provided by financing activities              2,454,964
                                                         --------------

Net increase in cash                                            804,640

Cash at beginning of the period                                       -
                                                         --------------

Cash at end of period                                    $      804,640
                                                         ==============





















See accompanying notes to financial statements.


<PAGE>


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

                          Notes to Financial Statements

                                December 31, 2001

1.   Organization

     ICON Income Fund Nine,  LLC ("Fund  Nine") was formed on July 11, 2001 as a
Delaware limited liability  company with an initial  capitalization of $1,000 by
ICON  Capital  Corp.  (the  "Manager")  for one member  share.  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.  Fund
Nine's maximum offering is $100,000,000. Fund Nine commenced business operations
on December  18,  2001,  with the  admission  of members  representing  1,249.91
additional  shares  at $1,000  per  share,  aggregating  $1,249,910  of  capital
contributions.   As  of  December  31,  2001,  members  representing   1,584.114
additional  shares had been admitted into Fund Nine totaling  gross  proceeds of
$1,584,114,   bringing  the  total  admissions  to  2,834.024  shares,  totaling
$2,834,024  in capital  contributions  at that date  (exclusive of the Manager's
interest as a member).  From January 1, 2002,  through  February  28,  2002,  an
additional 9,359.879 shares were sold for gross proceeds of $9,359,879.

     The Manager is a Connecticut corporation.  The Manager manages and controls
the business affairs of Fund Nine's equipment, leases and financing transactions
under a management agreement with Fund Nine.

     ICON Securities Corp., an affiliate of the Manager, receives or is entitled
to receive, a sales commission and underwriting fee from the gross proceeds from
sales of all  shares.  The  Manager  is  entitled  to receive  organization  and
offering expenses from the gross proceeds of such sales. The total  underwriting
compensation  paid by  Fund  Nine,  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 the first
$25,000,000  raised,  12.5% of  gross  offering  proceeds  from  $25,000,001  to
$50,000,000   and  11.5%  of  gross  offering   proceeds  from   $50,000,001  to
$100,000,000.  At December 31, 2001, such offering expenses  aggregated $382,593
paid or accrued to the Manager or its  affiliates  and were charged  directly to
members' equity.

     Profits,  losses,  cash  distributions  and  disposition  proceeds  will be
allocated  99% to Members and 1% to the Manager  until each Member 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 Members and 10% to the
Manager.

2.       Significant Accounting Policies

     Basis of Accounting  and  Presentation - Fund Nine's records are maintained
on the accrual  basis.  Preparation of financial  statements in conformity  with
generally accepted accounting  principles  requires the Manager'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.  Management  believes  that  the  estimates  and
assumptions  utilized in preparing its financial  statements  are reasonable and
prudent.  Actual  results  could  differ  from  those  estimates.  In  addition,
management  is required  to  disclose  contingent  assets and  contingent
liabilities.



<PAGE>


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

                          Notes to Financial Statements

                                December 31, 2001

3.   Cash Held In Escrow

     At  December  31,  2001,  the Fund Nine had  deposited  $1,650,000  with an
unaffiliated  third party to be utilized to make a 21.29%  investment in a joint
venture with an affiliated  partnership,  ICON Income Fund Eight B L.P.  ("Eight
B").  The joint  venture  was  capitalized  in January  2002 and  consummated  a
purchase of leased  equipment  in February  2002.  Additionally,  at the time of
consummation,  Fund Nine  utilized  available  cash and a portion of  additional
offering  proceeds  received in 2002 to acquire an additional 29.71% interest in
the joint  venture from Eight B for a price of  $2,302,525,  (which  represented
Eight B's cost) bringing its ownership percentage in the joint venture to 51%.

4.       Related Party Transactions

     Fees and  expenses  paid or  accrued  by Fund  Nine to the  Manager  or its
affiliates for the period ended December 31, 2001 were as follows:

Organization and offering expenses        $     325,913      Charged to equity
Underwriting commissions                         56,680      Charged to equity
                                          -------------
                                          $     382,593

5.       Commitment and Contingencies

     Fund Nine has not applied for an advance  ruling from the Internal  Revenue
Service.  However in the opinion of counsel, Fund Nine will be classified like a
Partnership  and not as an  association  taxable  for U.S.  Federal  income  tax
purposes.  In the absence of a ruling, there is no assurance that Fund Nine will
constitute an association taxable as a partnership.

6.    Tax Information (Unaudited)

     The  following  table  reconciles  the net  loss  for  financial  statement
reporting  purposes to income for Federal income tax reporting  purposes for the
period ended December 31, 2001:

                                                                      2001

Net loss for financial statement reporting purposes               $      (324)

Difference due to:
      Other                                                               324
                                                                  -----------

Loss for Federal income tax reporting purposes                    $      -
                                                                  ===========

     As of  December  31,  2001,  the total  equity  included  in the  financial
statements  was $2,452,107  compared to the capital  accounts for federal income
tax  reporting  purposes  of  $2,835,024  (unaudited).   The  difference  arises
primarily  from sales and  offering  expenses  reported  as a  reduction  in the
additional  members' capital accounts for financial statement reporting purposes
but not for  federal  income tax  reporting  purposes  as well as the  temporary
difference described above.


<PAGE>


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

                                December 31, 2001

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 Manager

     The Manager, a Connecticut  corporation,  was formed in 1985. The Manager's
principal offices are located at 100 Fifth Avenue, New York, New York 10011, and
its  telephone  number is (212)  418-4700.  The  officers  of the  Manager  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 Fund Nine's business is the Manager.  The Manager is engaged
in a broad range of  equipment  leasing and  financing  activities.  Through its
sales  representatives and through various broker  relationships  throughout the
States, the Manager offers a broad range of equipment leasing services.

     The Manager  performs certain  functions  relating to the management of the
equipment of Fund Nine.  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 Manager 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

     Beaufort J. B. Clarke,  age 55, has been Chairman,  Chief Executive Officer
and  Director of the  Manager  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 41, is President and Director of the Manager.  Mr. Weiss
has  been  exclusively  engaged  in  lease  acquisitions  since  1988  from  his
affiliations with the Manager 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.



<PAGE>


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

                                December 31, 2001

Item 10.  Continued

     Thomas W. Martin,  age 48, has been Executive Vice President of the Manager
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-Syndication's from 1985-1992). Mr.
Martin has 17 years of senior management experience in the leasing business.

Item 11.  Executive Compensation

     The Company has no directors or  officers.  The Manager and its  affiliates
were paid or accrued the following  compensation and reimbursement for costs and
expenses for the period ended December, 31, 2001.
<TABLE>

    Entity                  Capacity                Type of Compensation                2001
    ------                  --------                ------- ------------                ----
<S>                        <C>                      <C>                              <C>

ICON Capital Corp.         Manager              Organization and offering expenses    $ 325,913
ICON Securities Corp.      Dealer-Manager       Underwriting commissions                 56,680
                                                                                      ---------

                                                                                      $ 382,593
                                                                                      =========
</TABLE>

Item 12.  Security Ownership of Certain Beneficial Owners and Management

(a)  No person of record owns,  or is known by the Company to own  beneficially,
     more than 5% of any class of securities of the Company.

(b)  As of March 29, 2002,  Directors and Officers of the Manager do not own any
     equity securities of the Company.

(c)  The Manager  owns the equity  securities  of the Company as of December 31,
     2001 set forth in the following table:

       Title                          Amount Beneficially               Percent
     of Class                                Owned                     of Class

 Manager interest     represents initially a 1% and potentially a         100%
                      10% interest in the Company's income, gain
                      and loss deductions.

 Member Share         one member share                                     .04%

Item 13.  Certain Relationships and Related Transactions

     None other than those disclosed in Item 11 herein.



<PAGE>


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

                                December 31, 2001

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 Operating Agreement of ICON Income Fund Nine, LLC
          (Incorporated by reference to Exhibit A to pre-effective Amendment No.
          1 to Form S-1  Registration  Statement  filed with the  Securities and
          Exchange Commission dated October 12, 2001).

     (ii) Certificate  of  Limited  Liability  Company  (Incorporated  herein by
          reference  to  Exhibit  4.3 to  pre-effective  Form  S-1  Registration
          Statement  filed with the  Securities  and Exchange  Commission  dated
          August 15, 2001).

(b)  Reports on Form 8-K

     No reports on Form 8-K were filed by the Company  during the quarter  ended
December 31, 2001.


<PAGE>


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

                                December 31, 2001


                                   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 Nine LLC
                         File No. 333-67638 (Registrant)
                       By its Manager, ICON Capital Corp.


Date: March 29, 2002              /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 Manager of the Registrant

Date:  March 29, 2002             /s/ Beaufort J. B. Clarke
                                  ----------------------------------------------
                                  Beaufort J. B. Clarke
                                  Chairman, Chief Executive Officer and Director


Date:  March 29, 2002             /s/ Paul B. Weiss
                                  ----------------------------------------------
                                  Paul B. Weiss
                                  President and Director


Date:  March 29, 2002             /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.