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<B><FONT SIZE=3><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


<P ALIGN="CENTER">WASHINGTON, DC 20549</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">FORM 8-K</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">CURRENT REPORT</P>


<P ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d) OF THE </P>


<P ALIGN="CENTER">SECURITIES EXCHANGE ACT OF 1934</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P></B></FONT>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=637>


<TR><TD WIDTH="51%" VALIGN="TOP">


<FONT SIZE=3><P>Date of Report (Date of earliest event reported)</FONT></TD>


<TD WIDTH="49%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="CENTER">August 12, 2005</FONT></TD>


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<B><FONT SIZE=3><P ALIGN="CENTER"></P>


</B><U><P ALIGN="CENTER">Wells Real Estate Fund XI, L.P.&#9;</P>


</U><P ALIGN="CENTER">(Exact Name of Registrant as Specified in Charter)</P>


<B><P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P></B></FONT>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>


<TR><TD WIDTH="40%" VALIGN="TOP">


<U><FONT SIZE=3><P ALIGN="CENTER">Georgia</U></FONT></TD>


<TD WIDTH="27%" VALIGN="TOP">


<U><FONT SIZE=3><P ALIGN="CENTER">0-25731</U></FONT></TD>


<TD WIDTH="33%" VALIGN="TOP">


<U><FONT SIZE=3><P ALIGN="CENTER">58-2250094</U></FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(State or Other Jurisdiction of Incorporation)</FONT></TD>


<TD WIDTH="27%" VALIGN="TOP" HEIGHT=5>


<FONT SIZE=3><P ALIGN="CENTER">(Commission File Number)</FONT></TD>


<TD WIDTH="33%" VALIGN="TOP" HEIGHT=5>


<FONT SIZE=3><P ALIGN="CENTER">(IRS Employer Identification No.)</FONT></TD>


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<B><FONT SIZE=3><P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P></B></FONT>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=637>


<TR><TD WIDTH="58%" VALIGN="TOP">


<U><FONT SIZE=3><P ALIGN="CENTER">6200 The Corners Parkway, Norcross, Georgia</U></FONT></TD>


<TD WIDTH="42%" VALIGN="TOP">


<U><FONT SIZE=3><P ALIGN="CENTER">30092-3365</U></FONT></TD>


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<TR><TD WIDTH="58%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="CENTER">(Address of Principal Executive Offices)&#9;</FONT></TD>


<TD WIDTH="42%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="CENTER">(Zip Code)</FONT></TD>


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<FONT SIZE=3>


<P ALIGN="CENTER">Registrant's telephone number, including area code: <U>(770) 449-7800</P>


</U>


<P>&nbsp;</P>


<P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">(Former Name or Former Address, if Changed Since Last Report)</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">&nbsp;</P>


<P>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 (see General Instruction A.2. below):</P>


<DIR>





<P>[]  &#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>


<P>[]  &#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>


<P>[]  &#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR   240.14d-2(b))</P>


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


<B></DIR>





<P ALIGN="CENTER">INFORMATION TO BE INCLUDED IN THE REPORT</P>


</B><P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<B><P ALIGN="JUSTIFY">Item 7.01.&#9;Regulation FD Disclosure</P>


</B><P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">On June 17, 2005, Wells Real Estate Fund XI, L.P. (the &quot;Registrant&quot;) sent a letter to the financial representatives of the limited partners of the Registrant which provides an estimate of the amount of net proceeds anticipated to be distributed in the fourth quarter of 2005 from the sale of certain properties owned by the Wells funds in which their clients have invested along with a sample letter that will be sent to those investors receiving distributions and their current distribution instructions on file. A copy of the letter, which also includes a copy of the investor letter dated August 15, 2005, is attached as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein are deemed to have been furnished and shall not be deemed to be &quot;filed&quot; under the Securities Exchange Act of 1934. </P>


<P ALIGN="JUSTIFY"></P>


<B><P>Item 9.01.&#9;Financial Statements and Exhibits</P>


</B></FONT>


<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=547>


<TR><TD WIDTH="21%" VALIGN="TOP">


<B><FONT SIZE=3><P>Exhibit </P>


<U><P>Number</B></U></FONT></TD>


<TD WIDTH="79%" VALIGN="TOP">


<B><U><FONT SIZE=3><P>Exhibit Title</B></U></FONT></TD>


</TR>


<TR><TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P>99.1</FONT></TD>


<TD WIDTH="79%" VALIGN="TOP">


<FONT SIZE=3><P>Letter to Financial Representatives dated August 12, 2005</FONT></TD>


</TR>


<TR><TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P>99.2</FONT></TD>


<TD WIDTH="79%" VALIGN="TOP">


<FONT SIZE=3><P>Letter to Investors dated August 15, 2005</FONT></TD>


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<B><FONT SIZE=3>


</B></FONT><P ALIGN="JUSTIFY">&nbsp;</P>


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<DIR>





<P ALIGN="CENTER">SIGNATURES</P>


</B><P ALIGN="JUSTIFY"></P></DIR>


</DIR>





<P ALIGN="JUSTIFY">&#9;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.</P>


<P ALIGN="JUSTIFY"></P></FONT>


<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=590>


<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="54%" VALIGN="TOP">


<FONT SIZE=3><P>WELLS REAL ESTATE FUND XI, L.P.<BR>


(Registrant)</FONT></TD>


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</TABLE>


</P>








<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=590>


<TR><TD WIDTH="52%" VALIGN="TOP">


<P ALIGN="RIGHT">By:</TD>


<TD WIDTH="48%" VALIGN="TOP">


<FONT SIZE=3><P>WELLS PARTNERS, L.P.<BR>


General Partner</FONT></TD>


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<P ALIGN="RIGHT">By:</TD>


<TD WIDTH="42%" VALIGN="TOP">


<FONT SIZE=3><P>WELLS CAPITAL, INC.<BR>


General Partner</FONT></TD>


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<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=590>


<TR><TD WIDTH="64%" VALIGN="TOP">


<P ALIGN="RIGHT">By:</TD>


<TD WIDTH="36%" VALIGN="TOP">


<U><FONT SIZE=3><P>/s/ Leo F. Wells, III<BR>


</U>Leo F. Wells, III<BR>


President</FONT></TD>


</TR>


</TABLE>


</P>





<FONT SIZE=3><P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">Date:  August 12, 2005</P>





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</FONT><B><U><FONT SIZE=3><P>Exhibit Index</P>


</B></U></FONT><FONT FACE="Century Schoolbook"><P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P></FONT>


<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=547>


<TR><TD WIDTH="21%" VALIGN="TOP">


<B><FONT SIZE=3><P>Exhibit </P>


<U><P>Number</B></U></FONT></TD>


<TD WIDTH="79%" VALIGN="TOP">


<B><U><FONT SIZE=3><P>Exhibit Title</B></U></FONT></TD>


</TR>


<TR><TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P>99.1</FONT></TD>


<TD WIDTH="79%" VALIGN="TOP">


<FONT SIZE=3><P>Letter to Financial Representatives dated August 12, 2005</FONT></TD>


</TR>


<TR><TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P>99.2</FONT></TD>


<TD WIDTH="79%" VALIGN="TOP">


<FONT SIZE=3><P>Letter to Investors dated August 15, 2005</FONT></TD>


</TR>


</TABLE>





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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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)
August 12, 2005
Wells Real Estate Fund XI, L.P.
(Exact Name of Registrant as Specified in Charter)
Georgia
0-25731
58-2250094
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6200 The Corners Parkway, Norcross, Georgia
30092-3365
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(770) 449-7800
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instruction A.2. below):
[]  	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-4c))
INFORMATION TO BE INCLUDED IN THE REPORT
Item 7.01.	Regulation FD Disclosure
On June 17, 2005, Wells Real Estate Fund XI, L.P. (the "Registrant") sent a letter to the financial representatives of the limited partners of the Registrant which provides an estimate of the amount of net proceeds anticipated to be distributed in the fourth quarter of 2005 from the sale of certain properties owned by the Wells funds in which their clients have invested along with a sample letter that will be sent to those investors receiving distributions and their current distribution instructions on file. A copy of the letter, which also includes a copy of the investor letter dated August 15, 2005, is attached as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein are deemed to have been furnished and shall not be deemed to be "filed" under the Securities Exchange Act of 1934.
Item 9.01.	Financial Statements and Exhibits
Exhibit
Number
Exhibit Title
99.1
Letter to Financial Representatives dated August 12, 2005
99.2
Letter to Investors dated August 15, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
WELLS REAL ESTATE FUND XI, L.P.
(Registrant)
By:
WELLS PARTNERS, L.P.
General Partner
By:
WELLS CAPITAL, INC.
General Partner
By:
/s/ Leo F. Wells, III
Leo F. Wells, III
President
Date:  August 12, 2005
Exhibit Index
Exhibit
Number
Exhibit Title
99.1
Letter to Financial Representatives dated August 12, 2005
99.2
Letter to Investors dated August 15, 2005