AAA NET REALTY FUND XI LTD
15-15D, 1997-02-11
LESSORS OF REAL PROPERTY, NEC
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               SECURITIES AND EXCHANGE COMMISSION
                                
                     Washington, D.C. 20549
                                
                            FORM 15
                                
Certification and Notice of Termination of Registration under Section 12(g) of
the Securities Exchange Act of 1934 or Suspension of Duty to File Reports
Under Sections 13 and 15(d) of the Securities Exchange Act of 1934.
                                
                             Commission File Number        33-79766 
                                                     
                   AAA Net Realty Fund XI, Ltd.             
     (Exact name of registrant as specified in its charter)
                             
     8 Greenway Plaza, Suite 824, Houston, Texas 77046, (713) 850-1400
     (Address, including zip code, and telephone number, including area
           code, of registrant's principal executive offices)
                             
                    Units of limited partnership interest        
          (Title of each class of securities covered by this Form)
        
                                     N.A.                          
       (Titles of all other classes of securities for which a duty to   
           file reports under section 13(a)or 15(d) remains) 
                             
     Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:

   Rule 12g-4(a)(1)(i)  [  ]           Rule 12h-3(b)(1)(ii) [  ]
   Rule 12g-4(a)(1)(ii) [  ]           Rule 12h-3(b)(2)(i)  [  ]
   Rule 12g-4(a)(2)(i)  [  ]           Rule 12h-3(b)(2)(ii) [  ]
   Rule 12g-4(a)(2)(ii) [  ]           Rule 15d-6            [X]
   Rule 12h-3(b)(1)(i)  [  ]
               
Approximate number of holders of record as of the certification or notice date:
                 297            

   Pursuant to the requirements of the Securities Exchange Act of 1934, AAA Net
Realty Fund XI, Ltd. has caused this certification/notice to be signed on its
behalf by the undersigned duly authorized person.

DATE:    February 11, 1997        BY:     /s/ H. Kerr Taylor       
                                       H. Kerr Taylor, General Partner






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