Trans Leasing International, Inc.
                               
                 Earning Per Share Computation
         (Amounts in thousands, except per share data)
                               




                                         Three months       Nine Months
                                             ended              ended
                                           March 31,          March 31,
                                        1997      1996     1997      1996
                                                                 
                                                                         
                                                        
Net Income                               446       260    3,877     1,178
                                                                         
Shares:                                                                  
                                                                       
Weighted average shares outstanding    4,021     4,049    4,027     4,115
                                                                       
Additional shares from assumed                                           
warrants and options exercised (1)       232         8       88         4
                                                                       
Total shares outstanding for        
  calculation                          4,253     4,057    4,115     4,119 
                                                                         
Additional shares from assumed                                           
  warrants and options exercised -                                       
  assuming full dilution (1)            -         -          54         2
                                                                 
Total shares outstanding - assuming                                      
  full dilution                        4,253     4,057    4,169     4,121
                                                                   
                                                                   
Earnings per share based on:                                       
                                                                   
Weighted average shares outstanding     0.11      0.06     0.96      0.29
                                                                      
Weighted average common and common                                    
  equivalent shares outstanding (1)     0.10      0.06     0.94      0.29
                                                                      
Weighted average common and common                                    
  equivalent shares outstanding -                                     
  assuming full dilution (1)            0.10      0.06     0.93      0.29

                                                                   
                                                                   

(1) The dilutive impact of common stock equivalents was less than 3% for
1996.