UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____



FORM 10-K/A



(Amendment No. 1)



FOR ANNUAL AND TRANSITION REPORTS
PURSUANT TO SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934



(Mark One)



x	ANNUAL REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended December 31, 2013



or



o	TRANSITION REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the transition period from ________
to ________



Commission File Number of issuing entity:
001-35324



Fixed Income Trust for Goldman Sachs Subordinated
Notes, Series 2011-1
______________________________________________________
(Exact name of issuing entity as specified in its charter)



Commission File Number of depositor and
sponsor: 001-35323



Fixed Income Client Solutions LLC
______________________________________________________
(Exact name of depositor and sponsor as specified in its charter)



|Delaware                                                                                                    | 27-4404514                          
|----------------------------------------------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation
or organization)                                              | (I.R.S. Employer Identification No.)
|                                                                                                            |                                     
|                                                                                                            |                                     
|Fixed Income Client Solutions LLC
        214 N. Tryon Street, Suite 2636
        Charlotte, North Carolina | 28202                               
|(Address of principal executive offices)                                                                    | (Zip Code)                          
|                                                                                                            |                                     

Registrant’s telephone number, including area code: (877)
421-7858



Securities registered pursuant to Section 12(b)
of the Act:





|Title of Each Class                       | Name of Each Exchange on Which Registered
|----------------------------------------- | -----------------------------------------
|                                          |                                          
|6.75% Callable Class A Trust Certificates | New York Stock Exchange LLC              
|                                          |                                          





Securities registered pursuant to Section 12(g)
of the Act:



None.



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.
Yes o No x



Indicate by check mark if the registrant is not required to
file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes o No x



Indicate by check mark whether the registrant: (1) Has
filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes x No o



Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant
to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files).
Yes x No o



Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge,
in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.
Not applicable.



Indicate by check mark whether the registrant is large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definition of “large accelerated
filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer o    Accelerated filer o    Non- accelerated filer x    Smaller reporting company o



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Act).
Yes o No x



State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average
bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second
fiscal quarter:



The registrant has no voting stock or class of common stock
that is held by non-affiliates.



DOCUMENTS INCORPORATED BY REFERENCE



None.



EXPLANATORY NOTE



The Depositor, on behalf of Fixed Income
Trust for Goldman Sachs Subordinated Notes, Series 2011-1, is filing this Amendment No. 1 on Form 10-K/A to its Form 10-K for the
year ended December 31, 2013 to revise disclosure included pursuant to Item 1122 of Regulation AB.



This Form 10-K/A does not otherwise amend
Form 10-K.









PART III



The Information below
has been provided in accordance with General Instructions J(2) to Form 10-K.



|Item 1122 of Regulation AB. | Compliance with Applicable Servicing Criteria
|--------------------------- | ---------------------------------------------







The Bank of New York Mellon has been identified by the registrant
as a party participating in the servicing function with respect to the pool assets held by Fixed Income Trust for Goldman Sachs
Subordinated Notes, Series 2011-1. The Bank of New York Mellon has completed a report on an assessment of compliance with the
servicing criteria applicable (the “Report on Assessment”) as of February 26, 2014 and for a period beginning January
1, 2013 through and including December 31, 2013, which Report on Assessment is attached as an exhibit to this Form 10-K. In addition,
The Bank of New York Mellon has provided an attestation report (the “Attestation Report”) by a registered independent
public accounting firm regarding its related Report on Assessment. The Attestation Report is attached as an exhibit to this Form
10-K.



Except as disclosed below, neither the Report on Assessment
nor the related Attestation Report has identified any material instances of noncompliance with the servicing criteria described
in the Report on Assessment as being applicable to The Bank of New York Mellon. With respect to the exceptions identified below,
The Bank of New York Mellon has confirmed that none of the identified instances of noncompliance related to or affected Fixed Income
Trust for Goldman Sachs Subordinated Notes, Series 2011-1. The Bank of New York Mellon has identified the “certain reports”
that were impacted by the material instance of noncompliance as the following: (i) reports to issuers covering time frames from
January 2013 to July 2013 and (ii) Form 10-Ds covering time frames from February 25, 2013 to March 5, 2013 and from February 6,
2013 to May 2, 2013. The Bank of New York Mellon has further confirmed to the registrant that one of the issuers impacted by the
material instance of noncompliance is a corporate debt repackaging issuer. The registrant has not independently reviewed or verified
any of the foregoing information provided by The Bank of New York Mellon, or the accuracy or sufficiency of any remediation efforts
by The Bank of New York Mellon.



Exceptions:



The Bank of New York Mellon’s report on assessment and
the related attestation report have identified material noncompliance with two servicing criteria applicable to The Bank of New
York Mellon:



| | · | Servicing criterion 1122(d)(3)(i)(A) contemplates that reports to investors, including those to be filed with the Commission,
are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports
must be prepared in accordance with timeframes and other terms set forth in the transaction agreements.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Noncompliance: The Bank of New York Mellon indicates
that during the reporting period, certain reports to investors were not prepared in accordance with the timeframes and other terms
set forth in the related transaction agreements.



Remediation: The Bank of New York Mellon further
indicates that when its management became aware of such instances (a) controls designed to prevent such occurrences in the future
were implemented and (b) impacted investors received either (i) reports containing accurate information that were not previously
distributed or (ii) revised reports notifying investors that previous information in reports were revised with corrected information.
Reports were delivered to investors and filed on EDGAR on Form 10-D or Form 10-D/A, as required.









| | · | Servicing criterion 1122(d)(3)(ii) contemplates that amounts due to investors are allocated and remitted in accordance with
timeframes, distribution priority and other terms set forth in the transaction agreements.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Noncompliance: The Bank of New
York Mellon indicates that during the reporting period, for an auto transaction in its platform, certain amounts due to the related
investors were not remitted in accordance with the timeframes set forth in the related transaction agreements.



Remediation: The Bank of New York Mellon further indicates that when its management became aware of such
instance (a) the transaction was properly set-up on the related company’s automated payment system and other controls designed
to prevent such occurrences in the future were implemented, (b) notice of the failure was made available to investors in the transaction
through the facilities of DTC on August 21, 2013 and on a Form 10-D filed on EDGAR on the same date, and investors were offered
compensation for the one day remittance delay, and (c) the investor report was not revised as it accurately reflected the amounts
due to investors and available for payment on the payment due date.



















SIGNATURE



Pursuant to the requirements of Section
13 or 15(d) 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.



| | Fixed Income Client Solutions LLC,                                                     
| | ---------------------------------------------------------------------------------------
| | as Depositor for Fixed Income Trust for Goldman Sachs Subordinated Notes, Series 2011-1
| |                                                                                        
| | By:                                                                                    
| | Name:                                                                                  
| | Title:                                                                                 
| |                                                                                        
| | (senior officer in charge of securitization of the depositor)                          
| |                                                                                        

Dated: March 19, 2015