EXHIBIT 4.1 Fixed Income Securities, L.P. 18925 Base Camp Road Monument, Colorado 80132 August 5, 2004 Advisor's Disciplined Trust, Series 11 c/o The Bank of New York, as Trustee BNY Atlantic Terminal 2 Hanson Place, 12th Floor Brooklyn, New York 11217 Re: Advisor's Disciplined Trust, Series 11 GNMA Advantage Income Portfolio, Series 2 ----------------------------------------- Ladies and Gentlemen: We have examined the Registration Statement File No. 333-116015 for the above captioned fund. We hereby consent to the use in the Registration Statement of the references to Fixed Income Securities, L.P. as evaluator. You are hereby authorized to file a copy of this letter with the Securities and Exchange Commission. Sincerely, FIXED INCOME SECURITIES, L.P. By /s/ ALEX R. MEITZNER ------------------------------ Managing Director