EXHIBIT 11 BEAUTICONTROL COSMETICS, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE 	 Three Months Ended Nine Months Ended August 31, August 31, August 31, August 31, 1995 1994 1995 1995 Income before cumulative effect of change in accounting principle $ 906,816 $1,466,665 $4,065,684 $4,832,778 Cumulative effect of change in accounting principle* - - - 172,053 Net income applicable to common stock $ 906,816 $1,466,665 $4,065,684 $5,004,831 Common and common equivalent share: Weighted averge common shares outstanding 6,481,298 6,658,507 6,579,898 6,655,505 Net effect of dilutive stock options based on the treasury stock method using average market price 271,086 370,936 313,103 352,457 Weighted average common and common equivalent shares 6,752,384 7,029,443 6,893,001 7,007,962 Earnings per common and common equivalent share: Before cumulative effect of change in accounting principle $ .13 $ .21 $ .59 $ .69 Cumulative effect of change in accounting principle* - - - .02 Net income per common and common equivalent share $ .13 $ .21 $ .59 $ .71 Common share - assuming full dilution: Weighted average common shares outstanding 6,481,298 6,658,507 6,579,898 6,655,505 Net effect of dilutive stock options based on the treasury stock method using the greater of the average or ending market price 271,142 385,746 314,908 394,707 Weighted average common shares - assuming full dilution 6,752,440 7,044,253 6,894,806 7,050,212 Earnings per common share - assuming full dilution: Before cumulative effect of change in accounting principle $ .13 $ .21 $ .59 $ .69 Cumulative effect of change in accounting - - - .02 principle* Net income per common share - assuming full dilution $ .13 $ .21 $ .59 $ .71 8 <FN> * Cumulative effect of change in accounting principle reflects the impact of the adoption of Statement of Financial Accounting Standards No. 109 "Accounting for Income Taxes" which supercedes Statement of Financial Accounting Standards No. 96.