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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 Report (Date of earliest event reported): May 4, 2006


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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 or other jurisdiction        (Commission               (I.R.S. Employer
     of incorporation)              File Number)             Identification No.)

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                    690 Lee Road, Suite 310, Wayne, PA 19087
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               (Address of principal executive offices) (Zip Code)

                                 (610) 727-6900
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              (Registrant's telephone number, including area code)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

/ / Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

/ / Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

/ / Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

/ / Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

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Section 2. Financial Information

Item 2.02 Results of Operations and Financial Condition.

     On May 4, 2006, Internet Capital Group, Inc. issued a press release setting
forth Internet Capital Group,  Inc.'s financial  information for the three-month
period  ended March 31,  2006. A copy of Internet  Capital  Group,  Inc.'s press
release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

     The information in this report (including  Exhibit 99.1) is being furnished
pursuant  to Item 2.02 and shall not be deemed to be  "filed"  for  purposes  of
Section 18 of the  Securities  Exchange  Act of 1934 (the  "Exchange  Act"),  or
otherwise subject to the liabilities of that section,  nor shall it be deemed to
be  incorporated by reference in any filing under the Securities Act of 1933, as
amended (the "Act") or the Exchange Act.


Section 9. Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits

          (c) Exhibits

                    The  following  press  release is  included as an exhibit to
                    this report filed under Section 2 - "Financial Information."

          99.1      Press Release, dated May 4, 2006, issued by Internet Capital
                    Group, Inc.






                                    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: May 4, 2006           By:   /s/ R. Kirk Morgan
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                            Name:  R. Kirk Morgan

                            Title: Chief Financial Officer
                                   (Principal Financial and Accounting Officer)









                                  EXHIBIT INDEX

Exhibit No.     Description
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99.1            Press Release, dated May 4, 2006, issued by Internet Capital
                Group, Inc.