TOTAL SYSTEM SERVICES, INC.
Statement re Computation of Per Share Earnings
The following computations set forth the calculations of basic and
diluted earnings per share for the twelve months ended December 31:
1997 1996 1995
----------------- ----------------- -----------------
Net income $ 47,478,472 39,437,181 27,730,102
================= ================= =================
Weighted average number of common shares
outstanding 129,304,249 129,287,493 129,263,226
Increase due to assumed issuance of shares
related to stock options outstanding 188,122 163,605 130,325
Increase due to contingently issuable shares
associated with acquisition -- -- 21,978
----------------- ----------------- -----------------
Weighted average common and common
equivalent shares outstanding 129,492,371 129,451,098 129,415,529
================= ================= =================
Basic earnings per share $ .37 .31 .21
================= ================= =================
Diluted earnings per share $ .37 .30 .21
================= ================= =================