Bath & Body Works (BBWI) 10-Q 2001 Q2 Quarterly report

EXHIBIT 11

THE LIMITED, INC. AND SUBSIDIARIES

COMPUTATION OF PER SHARE EARNINGS

(Thousands except per share amounts)

	Thirteen weeks Ended
	July 29, 2000		July 31, 1999
Net income	$77,573		$57,482
Less:  impact of IBI dilutive options and restricted shares on            consolidated income*	(1,298	)	(1,265	)
Adjusted net income	$76,275		$56,217
Weighted average common shares outstanding:
Basic shares	428,616		442,058
Dilutive effect of stock options and restricted shares	17,613		18,394
Diluted shares	446,229		460,452
Net income per diluted share	$    0.17		$    0.12

	Twenty- six weeks Ended
	July 29, 2000		July 31, 1999
Net income	$140,523		$102,933
Less:  impact of IBI dilutive options and restricted shares on            consolidated income*	(1,844	)	(1,778	)
Adjusted net income	$138,679		$101,155
Weighted average common shares outstanding:
Basic shares	429,550		448,762
Dilutive effect of stock options and restricted shares	16,218		17,012
Diluted shares	445,768		465,774
Net income per diluted share	$      0.31		$      0.22

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