Bath & Body Works (BBWI) 10-Q 2001 Q3 Quarterly report

EXHIBIT 11

THE LIMITED, INC. AND SUBSIDIARIES

COMPUTATION OF PER SHARE EARNINGS

(Thousands except per share amounts)

	Thirteen Weeks Ended
	October 28, 2000			October 30, 1999
Net income		$  49,231			$  41,362
Less:    impact of IBI dilutive options and restricted shares on              consolidated income*		(468	)		(467	)
Adjusted net income		$  48,763			$  40,895
Weighted average common shares outstanding:
Basic shares		425,578			429,422
Dilutive effect of stock options and restricted shares		15,791			16,346
Diluted shares		441,369			445,768
Net income per diluted share		$       0.11			$       0.09
	Thirty-nine Weeks Ended
	October 28, 2000			October 30, 1999
Net income		$ 189,754			$ 144,295
Less:    impact of IBI dilutive options and restricted shares on              consolidated income*		(2,319	)		(2,221	)
Adjusted net income		$ 187,435			$ 142,074
Weighted average common shares outstanding:
Basic shares		428,226			442,315
Dilutive effect of stock options and restricted shares		16,075			16,790
Diluted shares		444,301			459,105
Net income per diluted share		$      0.42			$      0.31

*Represents the impact of dilutive options and restricted shares at Intimate Brands as a reduction to income.