EXHIBIT (11)
                       SPRINT CORPORATION
            COMPUTATION OF  EARNINGS PER COMMON SHARE
              (In Millions, Except Per Share Data)
                                
                                          Twelve Months Ended
                                              December 31,
                                         1993     1992     1991
PRIMARY EARNINGS PER SHARE                                  
Income from continuing operations     $ 480.6   $ 496.1   $ 472.7
Preferred stock dividends                (2.8)     (3.5)     (4.1)
                                        477.8     492.6     468.6
                                                            
Discontinued operations, net            (12.3)               49.4
Extraordinary losses on early                               
 extinguishments of debt, net           (29.2)    (16.0)     (1.9)
Cumulative effect of changes in                             
 accounting principles, net            (384.2)     22.7
Earnings applicable to common stock    $ 52.1   $ 499.3   $ 516.1
                                                            
Weighted average number of common                           
 shares <1>                             343.7     337.2     333.5
                                                            
Primary earnings (loss) per share                           
 Continuing operations                 $ 1.39    $ 1.46    $ 1.41
 Discontinued operations                (0.04)               0.15
 Extraordinary item                     (0.08)    (0.05)    (0.01)
 Cumulative effect of changes in                            
  accounting principles, net            (1.12)     0.07
Total                                  $ 0.15    $ 1.48    $ 1.55
                                                            
FULLY DILUTED EARNINGS PER SHARE                            
Income from continuing operations, net                      
 of preferred stock dividends         $ 477.8   $ 492.6   $ 468.6
Convertible preferred stock dividends     0.6       0.8       0.9
                                        478.4     493.4     469.5
                                                            
Discontinued operations, net            (12.3)               49.4
Extraordinary losses on early                               
 extinguishments of debt, net           (29.2)    (16.0)     (1.9)
Cumulative effect of changes in                             
 accounting principles, net            (384.2)     22.7
Earnings as adjusted for purposes of                        
 computing fully diluted earnings per                       
 share                                 $ 52.7   $ 500.1   $ 517.0
                                                            
Weighted average number of common     
 shares                                 343.7     337.2     333.5 
Additional dilution for common stock                        
 equivalents and dilutive securities      2.0       3.1       3.2
Total                                   345.7     340.3     336.7
                                                            
Fully diluted earnings (loss) per                           
 share
 Continuing operations                 $ 1.38    $ 1.45   $ 1.40
 Discontinued operations                (0.04)              0.15
 Extraordinary item                     (0.08)    (0.05)   (0.01)
 Cumulative effects of changes in                           
  accounting principles                 (1.11)     0.07
Total                                  $ 0.15    $ 1.47   $ 1.54
                                                                 
<1>Weighted average number of common shares outstanding has been 
   adjusted for dilutive common stock equivalents using the treasury
   stock method.