EXHIBIT 11 ABBOTT LABORATORIES AND SUBSIDIARIES CALCULATION OF FULLY DILUTED EARNINGS PER SHARE (Dollars and Shares in Millions Except Per Share Amounts) SIX MONTHS ENDED JUNE 30 ---------------------------- 1995 1994 --------- --------- 1. Net earnings $ 841.3 $ 742.8 --------- --------- 2. Average number of shares outstanding 799.2 816.8 --------- --------- 3. Earnings per share based upon average outstanding shares (1 divided by 2) $ 1.05 $ .91 --------- --------- --------- --------- 4. Fully diluted earnings per share: a. Stock options granted and outstanding for which the market price at quarter-end exceeds the option price 31.1 18.4 --------- --------- --------- --------- b. Aggregate proceeds to the Company from the exercise of options in 4.a. $ 847.9 $ 321.9 --------- --------- --------- --------- c. Market price of the Company's common stock at quarter-end $ 40.50 $ 29.00 --------- --------- --------- --------- d. Shares which could be repurchased under the treasury stock method (4.b. divided by 4.c.) 20.9 11.1 --------- --------- --------- --------- e. Addition to average outstanding shares (4.a. - 4.d.) 10.2 7.3 --------- --------- --------- --------- f. Shares for fully diluted earnings per share calculation (2. + 4.e.) 809.4 824.1 --------- --------- --------- --------- g. Fully diluted earnings per share (1. divided by 4.f.) $ 1.04 $ .90 --------- --------- --------- ---------