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, 11/01/96 to 25 6,670,051 166,751,275
1997 11/25/96
11/26/96 to 6 6,666,551 39,999,306
12/01/96
12/02/96 to 4 6,664,051 26,656,204
12/05/96
12/06/96 to 7 6,661,551 46,630,857
12/12/96
12/13/96 to 6 6,660,651 39,963,906
12/18/96
12/19/96 to 15 6,658,751 99,881,265
01/02/97
01/03/97 to 4 6,648,751 26,595,004
01/06/97
01/07/97 to 13 6,646,851 86,409,063
01/19/97
01/20/97 to 1 6,646,751 6,646,751
01/20/97
01/21/97 to 11 6,616,951 72,786,461
92 612,320,092 6,655,653
2,083
6,657,736
January 31, 11/01/95 to 92 6,812,922 626,788,824
1996 01/31/96
92 626,788,824 6,812,922
Assuming exercise of options reduced by the number of shares
which could have been purchased with the proceeds from
exercise of such options.
786
6,813,708
Average
Shares-
(Weighted
Number Number of Shares)
of Shares Weighted Number of
Six Months Period Days Outstanding Shares Days As
Ended Adjusted
January 31, 08/01/96 to 55 6,736,451 370,504,805
1997 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 28 6,670,051 186,761,428
11/25/96
11/26/96 to 6 6,666,551 39,999,306
12/01/96
12/02/96 to 4 6,664,051 26,656,204
12/05/96
12/06/96 to 7 6,661,551 46,630,857
12/12/96
12/13/96 to 6 6,660,651 39,963,906
12/18/96
12/19/96 to 15 6,658,751 99,881,265
01/02/97
01/03/97 to 4 6,648,751 26,595,004
01/06/97
01/07/97 to 13 6,646,851 86,409,063
01/19/97
01/20/97 to 1 6,646,751 6,646,751
01/20/97
01/21/97 to 11 6,616,951 72,786,461
01/31/97
184 1,230,497,884 6,687,489
1,731
6,689,220
Six Months
Ended
January 31, 08/01/95 to 8 6,901,322 55,210,576
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 6,826,500
Assuming exercise of options reduced by the number of shares
which could have been purchased with the proceeds from exercise
of such options.
2,146
6,828,646