AVERY DENNISON CORPORATION
                  COMPUTATION OF NET INCOME PER SHARE AMOUNTS


 
 
                                                               Three Months Ended                       Nine Months Ended         
                                                         ---------------------------------       --------------------------------
                                                         September 27,       September 28,       September 27,      September 28,
                                                             1997                1996                1997               1996     
                                                         -------------       -------------       -------------      -------------
                                                                                                         
(A)  Weighted average number of common shares                                                                                     
     outstanding                                             103.1               104.7               103.3              105.3     

     Additional common shares issuable under                                                                                       
     employee stock options using the treasury stock
     method                                                    3.0                 2.5                 3.0                2.9      
                                                            ------              ------              ------             ------ 
(B)  Weighted average number of common shares                                                                                 
     outstanding assuming the exercise of stock
     options                                                 106.1               107.2               106.3              108.2 
                                                            ======              ======              ======             ====== 
(C)  Net income applicable to common stock                  $ 52.6              $ 46.6              $150.4             $128.2
                                                            ======              ======              ======             ====== 
 
Net income per share as reported (C divided by A)           $ 0.51              $ 0.45              $ 1.46             $ 1.22
                                                            ======              ======              ======             ======  

Net income per share giving effect to the exercise of       
     outstanding stock options (C divided by B)             $ 0.50              $ 0.43              $ 1.41             $ 1.18 
                                                            ======              ======              ======             ====== 


                                  Exhibit 11