PRIME CAPITAL CORPORATION AND SUBSIDIARIES
                                    
              Computation of Earnings Per Share (Unaudited)

                                                   
                          Three Months Ended         Six Months Ended
                               June 30,                 June 30,
                          1997          1996         1997         1996
 Net income (loss)                                            
  available to                                                
  common share-                                               
  holders             $(2,746,396)  $  467,672   $  379,920   $ 3,388,053
                                                              
 Weighted average                                             
  number of common                                            
  shares outstanding    4,292,165    4,281,111    4,291,600     4,280,638
 Primary incremental                                          
  dilution from                                               
  common share                                                
  equivalents            575,202       301,804      562,937      267,953
 Common and dilutive                                          
  common share                                                
  equivalents          4,867,367     4,582,915    4,854,537    4,548,591
 Net income (loss)                                            
  per common and                                              
  dilutive common                                             
  equivalent shares                                           
  outstanding            $(0.56)     $  0.10      $  0.80      $  0.74