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, 08/01/96 to 55 6,736,451 370,504,805
1996 09/24/96
09/25/96 to 1 6,733,951 6,733,951
09/25/96
09/26/96 to 1 6,717,551 6,717,551
09/26/96
09/27/96 to 3 6,710,451 20,131,353
09/29/96
09/30/96 to 1 6,708,451 6,708,451
09/30/96
10/01/96 to 1 6,705,251 6,705,251
10/01/96
10/02/96 to 1 6,702,251 6,702,251
10/02/96
10/03/96 to 12 6,701,751 80,421,012
10/14/96
10/15/96 to 1 6,698,451 6,698,451
10/15/96
10/16/96 to 1 6,695,751 6,695,751
10/16/96
10/17/96 to 1 6,690,251 6,690,251
10/17/96
10/18/96 to 11 6,678,051 73,458,561
10/28/96
10/29/96 to 3 6,670,051 20,010,153
10/31/96
92 618,177,7 6,719,324
92
Assuming exercise of options reduced by the number of shares
which could have been purchased with the proceeds from
exercise of such options.
1,380
6,720,704
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 6,812,922 136,258,440
10/31/95
92 629,287,224 6,840,079
Assuming exercise of options reduced by the number of shares
which could have been purchased with the proceeds from
exercise of such options.
0
6,840,079