Exhibit 11
OIL-DRI CORPORATION OF AMERICA
Computation of Weighted Average Number
of Shares Outstanding
- --------------------------------------------------------------------------------------------
Average
Shares-(Weighted
Shares)Number
Number Number of of Days As
of Days Shares Weighted Adjusted
Quarter End Period Outstanding Shares
- --------------------------------------------------------------------------------------------
April 30, 1997 02/01/97 to 02/23/97 23 6,616,951 152,189,873
02/24/97 to 02/26/97 3 6,605,251 19,815,753
02/27/97 to 02/27/97 1 6,596,751 6,596,751
02/28/97 to 03/02/97 3 6,595,251 19,785,753
03/03/97 to 03/05/97 3 6,564,966 19,694,898
03/06/97 to 03/13/97 8 6,539,966 52,319,728
03/14/97 to 03/16/97 3 6,534,966 19,604,898
03/17/97 to 03/17/97 1 6,529,466 6,529,466
03/18/97 to 03/18/97 1 6,521,066 6,521,066
03/19/97 to 03/23/97 5 6,516,066 32,580,330
03/24/97 to 04/01/97 9 6,508,566 58,577,094
04/02/97 to 04/30/97 29 6,498,566 188,458,414
--------
-------------
89 582,674,024 6,546,899
- -----------------------------------------------------------------------------
Assuming exercise of options reduced by the number of shares which could
have been purchased with the proceeds from exercise of such options.
35,475
---------------
6,582,374
---------------
- --------------------------------------------------------------------------------------------
Average
Shares-(Weighted
Shares)Number
Number Number of of Days As
of Days Shares Weighted Adjusted
Quarter End Period Outstanding Shares
- --------------------------------------------------------------------------------------------
April 30, 1996 02/01/96 to 03/04/96 33 6,812,922 224,826,426
03/05/96 to 03/06/96 2 6,809,422 13,618,844
03/07/96 to 03/18/96 12 6,802,922 81,635,064
03/19/96 to 04/30/96 43 6,796,122 292,233,246
-------- -------------
90 612,313,580 6,803,484
--------
- -----------------------------------------------------------------------------
Assuming exercise of options reduced by the number of shares which could
have been purchased with the proceeds from exercise of such options.
0
---------------
6,803,484
---------------
14
Exhibit 11(Cont'd)
OIL-DRI CORPORATION OF AMERICA
Computation of Weighted Average Number
of Shares Outstanding
- --------------------------------------------------------------------------------------------
Average
Shares-(Weighted
Shares)
Number Number of Number of
of Days Shares Weighted Days As
Nine Months Ended Period Outstanding Shares Adjusted
- --------------------------------------------------------------------------------------------
April 30, 1997 08/01/96 to 09/24/96 55 6,736,451 370,504,805
09/25/96 to 09/25/96 1 6,733,951 6,733,951
09/26/96 to 09/26/96 1 6,717,551 6,717,551
09/27/96 to 09/29/96 3 6,710,451 20,131,353
09/30/96 to 09/30/96 1 6,708,451 6,708,451
10/01/96 to 10/01/96 1 6,705,251 6,705,251
10/02/96 to 10/02/96 1 6,702,251 6,702,251
10/03/96 to 10/14/96 12 6,701,751 80,421,012
10/15/96 to 10/15/96 1 6,698,451 6,698,451
10/16/96 to 10/16/96 1 6,695,751 6,695,751
10/17/96 to 10/17/96 1 6,690,251 6,690,251
10/18/96 to 10/28/96 11 6,678,051 73,458,561
10/29/96 to 11/25/96 28 6,670,051 186,761,428
11/26/96 to 12/01/96 6 6,666,551 39,999,306
12/02/96 to 12/05/96 4 6,664,051 26,656,204
12/06/96 to 12/12/96 7 6,661,551 46,630,857
12/13/96 to 12/18/96 6 6,660,651 39,963,906
12/19/96 to 01/02/97 15 6,658,751 99,881,265
01/03/97 to 01/06/97 4 6,648,751 26,595,004
01/07/97 to 01/19/97 13 6,646,851 86,409,063
01/20/97 to 01/20/97 1 6,646,751 6,646,751
01/21/97 to 02/23/97 34 6,616,951 224,976,334
02/24/97 to 02/26/97 3 6,605,251 19,815,753
02/27/97 to 02/27/97 1 6,596,751 6,596,751
02/28/97 to 03/02/97 3 6,595,251 19,785,753
03/03/97 to 03/05/97 3 6,564,966 19,694,898
03/06/97 to 03/13/97 8 6,539,966 52,319,728
03/14/97 to 03/16/97 3 6,534,966 19,604,898
03/17/97 to 03/17/97 1 6,529,466 6,529,466
03/18/97 to 03/18/97 1 6,521,066 6,521,066
03/19/97 to 03/23/97 5 6,516,066 32,580,330
03/24/97 to 04/01/97 9 6,508,566 58,577,094
04/02/97 to 04/30/97 29 6,498,566 188,458,414
-------- ---------------
273 1,813,171,908 6,641,655
-------- ---------------
- ----------------------------------------------------------------
Assuming exercise of options reduced by the number of shares which could have
been purchased with the proceeds from exercise of such options.
2,773
-------------
6,644,428
-------------
15
Exhibit 11(Cont'd)
OIL-DRI CORPORATION OF AMERICA
Computation of Weighted Average Number
of Shares Outstanding
- --------------------------------------------------------------------------------------------
Average
Shares-(Weighted
Shares)
Number Number of Number of
of Days Shares Weighted Days As
Nine Months Ended Period Outstanding Shares Adjusted
- --------------------------------------------------------------------------------------------
April 30, 1996 08/01/95 to 08/08/95 8 6,901,322 55,210,576
08/09/95 to 10/10/95 63 6,841,322 431,003,286
10/11/95 to 10/11/95 1 6,814,922 6,814,922
10/12/95 to 03/04/96 145 6,812,922 987,873,690
03/05/96 to 03/06/96 2 6,809,422 13,618,844
03/07/96 to 03/18/96 12 6,802,922 81,635,064
03/19/96 to 04/30/96 43 6,796,122 292,233,246
-------- ---------------
274 1,868,389,628 6,818,940
- -------------------------------------------------------------------------------
Assuming exercise of options reduced by the number of shares which could have
been purchased with the proceeds from exercise of such options.
0
-------------
6,818,940
-------------