February 21, 1994 McCormick and Company, Inc. Part I - Exhibit 11 (In Thousands Except Per Share Amounts) Statement re Computation of Per-Share Earnings* Year Year Year Ended Ended Ended Nov 30 Nov 30 Nov 30 1993 1992 1991 Computation for Statement of Income Net Income $73,054 $95,217 $80,924 Reconciliation of Weighted Average Number of Shares Outstanding to Amount used in Primary Earnings Per Share Computation Weighted Average Number of Shares Outstanding 80,799 80,116 80,030 Add - Dilutive Effect of Outstanding Options (as Determined by the Application of the Treasury Stock Method) 967 1,802 2,366 Weighted Average Number of Shares Outstanding As Adjusted for Equivalent Shares 81,766 81,918 82,396 PRIMARY EARNINGS PER SHARE $0.89 $1.16 $0.98 Year Year Year Ended Ended Ended Nov 30 Nov 30 Nov 30 Computation for Statement of Income 1993 1992 1991 Reconciliation of Weighted Average Number of Shares Outstanding to Amount used in Fully Diluted Earnings Per Share Computation Weighted Average Number of Shares Outstanding 80,799 80,116 80,030 Add - Dilutive Effect of Outstanding Options (As Determined by the Application of the Treasury Stock Method) 990 1,857 2,514 Weighted Average Number of Shares Outstanding As Adjusted for Equivalent Shares 81,789 81,973 82,544 FULLY DILUTED EARNINGS PER SHARE $0.89 $1.16 $0.98 <FN> *See 1993 Annual Report, Note (1) of the Notes to Financial Statements.