EXHIBIT 11
ABBOTT LABORATORIES AND SUBSIDIARIES
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CALCULATION OF FULLY DILUTED EARNINGS PER SHARE
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(Dollars and Shares in Millions Except Per Share Amounts)
SIX MONTHS ENDED JUNE 30
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1996 1995
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1. Net earnings $ 950.5 $ 841.3
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2. Average number of shares outstanding 784.5 799.2
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3. Earnings per share based upon average
outstanding shares (1 divided by 2) $ 1.21 $ 1.05
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4. Fully diluted earnings per share:
a. Stock options granted and outstanding for
which the market price at quarter-end
exceeds the option price 26.9 31.1
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b. Aggregate proceeds to the Company from
the exercise of options in 4.a. $ 771.7 $ 847.9
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c. Market price of the Company's common
stock at quarter-end $ 43.50 $ 40.50
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d. Shares which could be repurchased
under the treasury stock
method (4.b. divided by 4.c.) 17.7 20.9
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e. Addition to average outstanding shares
(4.a. - 4.d.) 9.2 10.2
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f. Shares for fully diluted earnings per
share calculation (2. + 4.e.) 793.7 809.4
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g. Fully diluted earnings per share
(1. divided by 4.f.) $ 1.20 $ 1.04
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