Exhibit 11 OIL-DRI CORPORATION OF AMERICA Computation of Weighted Average Number of Shares Outstanding Average Shares- (Weighted Number Number of Shares)Number of Shares Weighted of Days Quarter End Period Days Outstanding Shares As Adjusted October 31, 08/01/95 to 8 6,901,322 55,210,576 1995 08/08/95 08/09/95 to 63 6,841,322 431,003,286 10/10/95 10/11/95 to 1 6,814,922 6,814,922 10/11/95 10/12/95 to 20 6,812,922 136,258,450 10/31/95 92 629,287,224 6,840,079 0 6,840,079 October 31, 08/01/94 to 8 6,951,822 55,614,576 1994 08/08/94 08/09/94 to 84 6,949,822 583,785,048 10/31/94 92 639,399,624 6,949,996 Assuming exercise of options reduced by the number of shares which could have been purchased with the proceeds from exercise of such options. 7,704 6,957,700