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



                                            Thirteen Weeks Ended                Thirty-Nine Weeks Ended     
                                       October 28,      October 29,        October 28,          October 29,      
                                          1995             1994               1995                 1994             
                                                                                  
Net earnings ($000)                    $ 116,875           $ 93,647           $ 199,402         $ 201,477 

Weighted average shares of           
common stock outstanding             
during the period                    144,210,859        145,850,581         144,066,284       145,650,754 

Add incremental shares from          
assumed exercise of stock            
options (primary)                        554,758            440,092             517,731           701,118 

                                     144,765,617        146,290,673         144,584,015       146,351,872 

Primary earnings per share             $     .81           $    .64           $    1.38         $    1.38 

Weighted average shares of           
common stock outstanding             
during the period                    144,210,859        145,850,581         144,066,284       145,650,754 

Add incremental shares from          
assumed exercise of stock            
options (fully-diluted)                  678,078            440,870             674,409           721,658 

                                     144,888,937        146,291,451         144,740,693       146,372,412 

Fully-diluted earnings               
per share                              $     .81           $    .64           $    1.38         $    1.38 


NOTE:  The information provided above 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.  The information in this exhibit 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%.