Exhibit 11
GENERAL MILLS, INC.
COMPUTATION OF EARNINGS PER SHARE
(In Millions, Except per Share Data)
Thirteen Weeks Ended
August 24, August 25,
1997 1996
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Net Earnings $ 134.3 $ 97.7
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Computation of Shares:
Weighted average number of shares outstanding,
excluding shares held in treasury (a) 159.7 157.9
Net shares resulting from the assumed exercise of
certain stock options (b) 3.9* 2.8*
Shares potentially issuable under compensation plans .1* .1*
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Total common shares and common share equivalents 163.7 160.8
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Earnings per Share $ .84 $ .62
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<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 159.7 million and 157.9 million for the first quarter of fiscal 1998 and
1997, respectively.
</FN>