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, 1995            

                               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             2-99858                      
     
          ICON Cash Flow Partners, L.P., Series A               
(Exact name of registrant as specified in its charter)

          Delaware                           13-3270490         
(State or other jurisdiction of           (I.R.S. Employer
incorporation or organization)            Identification Number)

     600 Mamaroneck Avenue, Harrison, New York  10528-1632      
(Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code (914) 698-
0600           

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:  None

                                                                
(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
             ICON Cash Flow Partners, L.P., Series A
                (A Delaware Limited Partnership)

                        December 31, 1995

                           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 CASH FLOW PARTNERS, L.P., SERIES
A
                             File No. 2-99858 (Registrant)
                             By its General Partner, ICON Capital
Corp.


                             Peter D. Beekman                    
      
Date:  May 30, 1996          Peter D. Beekman
                             Chairman of the Board and President

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:  May 30, 1996                          Peter D. Beekman    
                      
                             Peter D. Beekman
                             Chairman of the Board and President


Date:  May 30, 1996                          Charles Duggan      
                      
                             Charles Duggan
                             Executive Vice President,
                             Chief Financial Officer and Director


Date:  May 30, 1996                          Cortes E. DeRussy   
                      
                             Cortes E. DeRussy
                             Executive Vice President and Director


Date:  May 30, 1996                          Susan H. Beekman    
                      
                             Susan H. Beekman
                             Vice President, Secretary and
Director

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.