EXHIBIT 11
RTW, INC. AND SUBSIDIARY
STATEMENT REGARDING COMPUTATION OF NET INCOME
PER COMMON AND COMMON SHARE EQUIVALENT
THREE MONTHS ENDED
MARCH 31,
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1996 1995
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WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING, UNADJUSTED 11,725,149 8,174,715
STOCK WARRANTS 12,959 96,674
STOCK OPTIONS
Options at $29.00 2,428 --
Options at $25.00 968 --
Options at $18.75 2,913 --
Options at $13.00 41,663 8,654
Options at $ 4.00 68,473 54,519
Options at $ 3.00 372,130 317,307
Options at $ 0.80 -- 1,316
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WEIGHTED AVERAGE COMMON AND COMMON
SHARE EQUIVALENTS OUTSTANDING 12,226,683 8,653,185
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NET INCOME ($000'S) $2,283 $1,117
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NET INCOME PER COMMON AND COMMON
SHARE EQUIVALENT $0.19 $0.13
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