OGDEN CORPORATION AND SUBSIDIARIES

                    DETAIL OF COMPUTATION OF EARNINGS APPLICABLE TO COMMON STOCK


                                                     FOR THE NINE MONTHS FOR THE THREE MONTHS
                                                     ENDED SEPTEMBER 30, ENDED SEPTEMBER 30,
                                                         1995       1994       1995     1994
                                                                  (In Thousands)
                                                                        

NUMBER OF SHARES USED FOR COMPUTATION OF  
EARNINGS PER SHARE: 
Average number of common shares                       48,834     43,565     48,886   43,593
NUMBER OF SHARES USED FOR COMPUTATION OF 
EARNINGS PER SHARE ASSUMING FULL DILUTION:
Average number of common shares                       48,834     43,565     48,886   43,593    
Shares issuable for conversion of preferred stock        309        331        302      325

Number of shares used for computation                 49,143     43,896     49,188   43,918    

COMPUTATION OF EARNINGS APPLICABLE TO COMMON SHARES:
Income before cumulative effect of change 
in accounting principle                              $46,604    $51,710    $24,030  $18,742
Add (less): adjustments arising from minority
            interests in consolidated subsidiaries                    7                   5          
       dividends on Ogden preferred stock               (129)      (139)       (42)     (45)
          
Consolidated income applicable to Ogden common stock $46,475    $51,578    $23,988  $18,702
Cumulative effect of change in accounting           
principle                                                       $(1,520)

COMPUTATION OF EARNINGS APPLICABLE TO COMMON SHARES-
ASSUMING FULL DILUTION:
Income before cumulative effect of change 
in accounting principle                              $46,604    $51,710    $24,030  $18,742
Add: adjustments arising from minority
     interests in consolidated subsidiaries                           7                   5          
             
Consolidated income applicable to Ogden common stock $46,604    $51,717    $24,030  $18,747 

Cumulative effect of change in accounting 
 principle                                                     $(1,520) 

<F1>
Note:

     Earnings per common share was computed by dividing net income,
     increased (decreased) for adjustments arising from minority interest
     in consolidated subsidiaries, reduced by preferred stock dividend
     requirements, by the weighted average of the number of shares of
     common stock and common stock equivalents, where dilutive, outstanding
     during each period.

     Earnings per common share, assuming full dilution, were computed on
     the assumption that all convertible debentures, convertible preferred
     stock, and stock options converted or exercised during each period, or
     outstanding at the end of each period were converted at the beginning
     of each period or at the date of issuance or grant, if dilutive.  This
     computation provides for the elimination of related convertible
     debenture interest and preferred dividends.