THE GAP, INC. AND SUBSIDIARIES                      
                      COMPUTATION OF EARNINGS PER SHARE                   



                                             Thirteen Weeks Ended  
                                        April 29, 1995   April 30, 1994      
                                               
                                                                      
Net earnings ($000)                       $     50,113   $     63,478
                                                                    
Weighted average shares of                                       
common stock outstanding                                              
during the period                          143,872,100    145,361,013

Add incremental shares from                                            
assumed exercise of stock                                                 
options (primary)                              167,112        934,174
                                                                            
                                           144,039,212    146,295,187
                                                                     
Primary earnings per share                $        .35   $        .43

Weighted average shares of                   
common stock outstanding                     
during the period                          143,872,100    145,361,013

Add incremental shares from                  
assumed exercise of stock                    
options (fully-diluted)                        167,079        995,131

                                           144,039,179    146,356,144

Fully-diluted earnings                       
per share                                 $        .35   $        .43




NOTE:  The information provided in the exhibit is presented in accordance with
       Regulation S-K, Item 601(b)(11), while net earnings per share on the  
       Consolidated Statements of Earnings is presented in accordance with APB
       Opinion 15.  This information is not required under APB Opinion 15, as 
       the difference between primary and fully-diluted earnings per share and
       earnings per share calculated on a weighted average shares basis is less
       than 3%.