ICON INCOME FUND EIGHT /DE
424B3, 1999-10-14
EQUIPMENT RENTAL & LEASING, NEC
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                          ICON INCOME FUND EIGHT A L.P.
                                SUPPLEMENT NO. 5
                            DATED SEPTEMBER 30, 1999
                     TO PROSPECTUS DATED SEPTEMBER 23, 1998

     This Supplement No. 5 dated September 30, 1999 ("Supplement No. 5") updates
and  revises the  prospectus  (the  "Prospectus")  dated  September  23, 1998 as
previously  supplemented  by the  Master  Supplement  dated  June 14,  1999 (the
"Master  Supplement").  This  Supplement  No.  5 forms a part  of,  and  must be
accompanied or preceded by the Prospectus and  incorporates  all changes made to
the  Prospectus  by the  Master  Supplement  (Capitalized  terms  used  in  this
Supplement  No. 5 and not  defined in this  Supplement  No. 5 have the  meanings
specified in the Prospectus.)
  Supplement No. 5 describes the current status of the Offering and equipment
acquisition efforts.

STATUS OF THE OFFERING AND EQUIPMENT ACQUISITION EFFORTS

  The  Offering  commenced  on September  23,  1998.  As of September  30, 1999,
investor  closings  have been held  reflecting  the sale of  491,347.0164  Units
($49,134,701.64)  to 2,372 Limited  Partners  (exclusive of the Initial  Limited
Partner which has withdrawn in accordance  with the procedures  described in the
Prospectus),  which  leaves a maximum  of  258,652.9836  Units  ($25,865,298.36)
available for sale. In view of these closings, the material in the Prospectus on
pages  80-81  under  the  heading  "PLAN  OF   DISTRIBUTION   -  Segregation  of
Subscription Payments" should be considered revised because the Minimum Offering
required to release the general  investor  funds from the Escrow Account and the
special amount needed to release Pennsylvania funds from the Escrow Account have
been met.

  Included  with  this  Supplement  No.  5  is a  summary  of  recent  equipment
acquisitions,  leasing and financing  efforts of the Partnership not included in
the   Master   Supplement;   an  update  of  these   transactions   representing
approximately  ten percent or more of the offering  proceeds  raised to date are
provided below. In view of these closings, the material in the Master Supplement
on  pages  17-18  under  the  heading  "Status  of the  offering  and  equipment
acquisition  efforts"  should be  considered  revised to include  the  following
information.

KLM
Lease Financing of:  two Boeing 737-400 aircraft
Lease Term:          12 months
Equipment Cost:         $ 37,600,000

   On September 30, 1999 the  Registrant  acquired  beneficial  ownership of two
Boeing 737-400 aircraft from Koninklijke  Luchtvaart  Maatschappij,  N.V. (KLM).
The equipment has a gross purchase price of $37,600,000 and is subject to leases
with terms ending  September 2000 with KLM, an international  airline  operating
worldwide.  KLM and its partners  serve over 500 cities in 90  countries  and in
fiscal year  1998/1999 KLM itself  carried more than 15 million  passengers.  In
terms of cargo,  KLM is believed to be sixth among the  250-plus  members of the
International  Air Transport  Association as measured by  international  revenue
ton-kilometer.



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