Exhibit 11  
  
            INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES  
  
                  Computation of Earnings (Loss) per Common Share  
                                    (unaudited)  
  
                     (in thousands, except per share amounts)  
  
  
  
  
                                                THREE MONTHS ENDED   
                                                 May 31,   May 31,  
                                                   1996      1995   
  
Average shares of common stock outstanding       17,969    17,956  
Common stock equivalents                             33        75  
Total common stock and   
  equivalents assuming  
  full dilution                                  18,002    18,031  
Net earnings (loss)                              $ (433)   $4,564  
  
Less dividends on redeemable preferred stock          -       (42)  
  
Net earnings (loss) applicable to common stock   $ (433)   $4,522  
  
Earnings (loss) per share of common stock:  
    Primary                                      $ (.02)   $  .25  
    Fully diluted                                $ (.02)   $  .25  
  
  
Primary earnings (loss) per share has been computed by dividing net   
earnings (loss), after deduction of preferred stock dividends, by   
the weighted average number of shares of common stock outstanding   
during the period.  Common stock options and other common stock   
equivalents have not entered into the primary earnings per share   
computations since their effect is not significant.  
  
Fully diluted earnings (loss) per share has been computed assuming   
issuance of all shares for stock options deemed to be common stock   
equivalents, using the treasury stock method.