EXHIBIT 11 - COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE For the Years Ended December 31, 1996 1995 1994 ------ ------ ------ -In Millions- (except per share data) Earnings Net Income $ 121 $ 55 $ 21 ====== ====== ====== Shares Weighted Average Number of Common Shares Outstanding 32 32 32 Additional Shares Assuming Conversion of: Warrants - - - Stock Options - - - ------ ------ ------ Average Shares of Common Stock Outstanding and Equivalents 32 32 32 ====== ====== ====== Fully Diluted Earnings per Average Share Net Income $3.76 $1.71 $0.65 ====== ====== ======