Reliv International, Inc. and Subsidiaries
Exhibit (11)--Statement Re: Computation of Per Share Earnings
Quarter Ended Nine Months Ended
September 30 September 30
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1997 1996 1997 1996
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(in thousands, except per share data)
Primary:
Average Shares outstanding 9,573 9,949 9,573 9,949
Net effect of warrants and options 838 430 838 430
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Totals 10,411 10,379 10,411 10,379
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Net Income $ 282 $ 338 $ 1,696 $ 918
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Per share amount $ 0.03 $ 0.03 $ 0.16 $ 0.09
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Fully diluted:
Average Shares outstanding 9,573 9,949 9,573 9,949
Net effect of warrants and options 838 742 838 742
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Totals 10,411 10,691 10,411 10,691
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Net Income $ 282 $ 338 $ 1,696 $ 918
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Per share amount $ 0.03 $ 0.03 $ 0.16 $ 0.09
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<FN>
Note: Per share data reflects the effect of the Company's 10 percent stock
dividend declared on January 31, 1997 and distributed on February 28, 1997. The
1996 data reflects the pro forma effect of the dividend.
</FN>