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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

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                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

                 DATE OF EARLIEST EVENT REPORTED: AUGUST 7, 2003

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                          INTERNET CAPITAL GROUP, INC.

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               (Exact name of registrant as specified in charter)

         DELAWARE                    000-26929                   23-2996071
(State of Incorporation)          (Commission File            (I.R.S. Employer
                                      Number)                Identification No.)


               435 Devon Park Drive, 600 Building, Wayne, PA 19087
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             (Address of Principal Executive Offices)     (Zip Code)

                                 (610) 989-0111
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              (Registrant's telephone number, including area code)





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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

      (c)   Exhibits

            The following press release is included as an exhibit to this report
            furnished under Item 12.

       99.1 Press Release, dated August 7, 2003, issued by Internet Capital
            Group, Inc.



ITEM 9.       REGULATION FD DISCLOSURE.

      The following information is furnished under Item 9. "Regulation FD
Disclosure" and Item 12. "Disclosure of Results of Operations and Financial
Condition."

      On August 7, 2003, Internet Capital Group, Inc. issued a press release
setting forth Internet Capital Group, Inc.'s financial information for the three
and six month periods ended June 30, 2003. A copy of the Internet Capital Group,
Inc.'s press release is attached hereto as Exhibit 99.1 and hereby incorporated
by reference.

      The information contained herein an in the accompanying exhibit shall not
be incorporated by reference into any filing of the Registrant, whether made
before or after the date hereof, regardless of any general incorporation
language in such filing, unless expressly incorporated by specific reference to
such filing. The information in this report, including the exhibit hereto, shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that section or
Section 11 and 12 (a)(2) of the Securities Act of 1933, as amended.

                                    SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                      INTERNET CAPITAL GROUP, INC.



Date:  August 7, 2003                 By: /s/    Anthony P. Dolanski
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                                          Name:  Anthony P. Dolanski
                                          Title: Chief Financial Officer
                                                 (Principal Financial and
                                                 Accounting Officer)

                                  EXHIBIT INDEX



Exhibit No.      Description
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99.1             Press Release, dated August 7, 2003, issued by Internet Capital
                 Group, Inc.