EXHIBIT 11 		 BEAUTICONTROL COSMETICS, INC. AND SUBSIDIARIES 		 COMPUTATION OF NET INCOME PER COMMON SHARE 										 				 Three Months Ended Six Months Ended 				 May 31, May 31, May 31, May 31, 	 1996 1995 1996 1995 Net income applicable to common stock $ 973,800 $1,427,206 $1,641,302 $3,158,868 Common and common equivalent share: Weighted average common shares outstanding 5,854,319 6,661,778 5,868,458 6,630,117 Net effect of dilutive stock options based on the treasury stock method using average market price 146,121 307,569 160,452 334,112 Weighted average common and common equivalent shares 6,000,440 6,919,347 6,028,910 6,964,229 Net income per common and common equivalent share $0.16 $0.21 $0.27 $0.45 Common share - assuming full dilution: Weighted average common shares outstanding 5,854,319 6,611,778 5,868,458 6,630,117 Net effect of dilutive stock options based on the treasury stock method using the greater of the average or ending market price 191,109 307,739 191,483 334,955 Weighted average common shares - assuming full dilution 6,045,428 6,919,517 6,059,941 6,965,072 Net income per common share - assuming full dilution $0.16 $0.21 $0.27 $0.50