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, 				 1996 1995 1996 1995 Net income applicable to common stock $1,331,947 $906,816 $2,973,249 $4,065,684 Common and common equivalent share: Weighted average common shares outstanding 5,777,415 6,481,298 5,836,675 6,579,898 Net effect of dilutive stock options based on the treasury stock method using average market price 130,218 271,086 150,270 313,103 Weighted average common and common equivalent shares 5,907,633 6,752,384 5,986,945 6,893,001 Net income per common and common equivalent share $0.23 $0.13 $0.50 $0.59 Common share - assuming full dilution: Weighted average common shares outstanding 5,777,415 6,481,298 5,836,675 6,579,898 Net effect of dilutive stock options based on the treasury stock method using the greater of the average or ending market price 134,969 271,142 156,005 314,908 Weighted average common shares - assuming full dilution 5,912,384 6,752,440 5,992,680 6,894,806 Net income per common share - assuming full dilution $0.23 $0.13 $0.50 $0.59