EXHIBIT 11

                           BAIRNCO CORPORATION
           CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE
         FOR THE QUARTERS ENDED APRIL 3, 1999 AND APRIL 4, 1998
                               (Unaudited)


                                              1999             1998
                                                         
BASIC EARNINGS PER COMMON SHARE:

Net income                                    $ 2,270,000      $ 2,196,000

Average common shares outstanding               8,165,000        8,896,000

Basic Earnings Per Common Share               $      0.28      $      0.25


DILUTED EARNINGS PER COMMON SHARE:

Net income                                    $ 2,270,000      $ 2,196,000

Average common shares outstanding               8,165,000        8,896,000
Common shares issuable in respect to 
 options issued to employees with a
 dilutive effect                                   22,000          274,000
Total diluted common shares outstanding         8,187,000        9,170,000

Diluted Earnings Per Common Share             $      0.28      $      0.24