EXHIBIT 11

     COMPUTATION OF PRIMARY AND FULLY DILUTED NET INCOME PER COMMON SHARE



                                                                             THREE MONTHS ENDED        NINE MONTHS ENDED
                                                                                 SEPTEMBER 30             SEPTEMBER 30
(DOLLARS IN MILLIONS, EXCEPT PER SHARE DATA)                                   1996        1995        1996         1995
                                                                                                             
PRIMARY:
Average shares outstanding                                                  135,928,744 131,401,366 136,079,521  133,014,010
Net effect of the assumed purchase of stock under the stock
 option and stock purchase plans--based on the treasury stock
 method using average market price                                            1,751,045   2,247,576   2,042,749    1,993,509
                                                                            137,679,789 133,648,942 138,122,270  135,007,519
Net income                                                                       $137.5      $145.7      $568.4       $417.4
Preferred dividends                                                                (1.6)       (1.8)       (4.9)        (5.6)
Net income applicable to common equity                                           $135.9      $143.9      $563.5       $411.8
Net income per common share                                                       $ .99       $1.08       $4.08        $3.05

FULLY DILUTED: *
Average shares outstanding                                                  135,928,744 131,401,366 136,079,521  133,014,010
Net effect of the assumed purchase of stock under the stock
option and stock purchase plans--based on the treasury stock method using
 average market price or period-end market price, whichever is higher         1,971,983   2,605,311   2,425,883    2,747,842
Assumed conversion of Series 1991A Preferred Stock                            3,032,761   3,616,512   3,193,986    3,616,512
                                                                            140,933,488 137,623,189 141,699,390  139,378,364
Net income                                                                       $137.5      $145.7      $568.4       $417.4
Preferred dividends, excluding 1991A Preferred Stock                                 --          --          --           --
Net income applicable to common equity                                           $137.5      $145.7      $568.4       $417.4
Net income per common share                                                       $ .98       $1.06       $4.01        $2.99



*This calculation is submitted in accordance with Regulation S-K item 601(b)(11)
although not required by footnote 2 to paragraph 17 of APB Opinion No. 15
because it results in dilution of less than 3%.