CLARCOR INC.
EXHIBIT (11) - COMPUTATIONS OF PER SHARE EARNINGS
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THREE MONTHS ENDED
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February 26, February 27,
1994 1993
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AVERAGE SHARES OUTSTANDING
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1. Average number of shares outstanding 14,825,888 14,887,176
2. Net additional shares resulting from
assumed exercise of stock options * 278,193 235,648
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3. Adjusted average shares outstanding
for fully diluted computation
(1 plus 2) 15,104,081 15,122,824
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Earnings per share of common stock (before
cumulative effect of accounting change):
Primary $.23 $.21
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Assuming full dilution $.23 $.20
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<FN>
* Assumes proceeds from exercise of stock options used to purchase treasury
shares at the greater of the quarter-end or the average market price
during the period.
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