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 January 31, 1996 11/1/95 to 1/31/96 92 6,812,922 626,788,824 6,812,922 92 626,788,824 786 6,813,708 January 31, 1995 11/1/94 to 1/31/95 92 6,949,822 639,383,624 92 639,383,624 6,949,822 5,825 6,955,647 Six Months Ended January 31, 08/01/95 to 8 6,901,322 55,210,578 6,826,500 1996 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 112 6,812,922 763,047,264 01/01/96 184 1,256,076,048 2,146 6,828,646 Six Months Ended January 31, 08/01/94 to 8 6,951,822 55,614,576 6,949,909 1995 08/08/94 11/30/94 114 6,949,822 792,279,708 12/01/94 to 62 6,949,822 430,888,964 01/31/95 184 1,278,783,248 Assuming exercise of options reduced by the number of shares which could have been purchased with the proceeds from exercise of such options. 6,789 6,956,698