EXHIBIT 11e HOMELAND HOLDING CORPORATION AND SUBSIDIARIES Computation of Diluted Earnings Per Share (In thousands, except per share amounts) Income Shares Per-Share (Numerator) (Denominator)	 Amount For the 12 weeks ended March 25, 2000: Basic earnings per share Income available to common stockholders	 $ 414	 4,919.4	 $ 0.08 Effect of dilutive securities: Stock options	 - 42.8 Diluted earnings per share Income available to common stockholders and assumed conversions 	 $ 414	 4,962.2	 $ 0.08 For the 12 weeks ended March 27, 1999: Basic earnings per share Income available to common stockholders	$ (2,023)	 4906.5	 $(0.41) Effect of dilutive securities: Stock options	 -	 - Diluted earnings per share Income available to common stockholders and assumed conversions	 $ (2,023)	 4,906.5	 $(0.41)