Exhibit 11



                   GENERAL MILLS, INC.
            COMPUTATION OF EARNINGS PER SHARE
          (In Millions, Except per Share Data)



                                                      Thirty-Nine Weeks Ended
                                                     February 23, February 25,
                                                        1997          1996

                                                                  
Net Earnings                                           $377.2        $398.9
                                                       ======        ======



Computation of Shares:

  Weighted average number of shares outstanding,   
   excluding shares held in treasury (a)                157.3         158.8

  Net shares resulting from the assumed exercise of
   certain stock options (b)                              4.2*          3.1*

  Total common shares and common share equivalents      161.5         161.9
                                                       ======         =====

Earnings per Share                                     $ 2.40        $ 2.51
                                                      
<FN>

Notes to Exhibit 11:

(a) Computed as the weighted average of net shares outstanding
    on stock-exchange trading days.

(b) Common share  equivalents are computed by the "treasury stock" method.  This
    method first  determines  the number of shares  issuable under stock options
    that had an option price below the average market price for the period,  and
    then deducts the number of shares that could have been  repurchased with the
    proceeds of options exercised.

 *  Common share equivalents are not material.  As a result,  earnings per share
    have been computed using the weighted  average number of shares  outstanding
    of 157.3  million and 158.8 million for the first nine months of fiscal 1997
    and 1996, respectively.
</FN>