EXHIBIT 11
ABBOTT LABORATORIES AND SUBSIDIARIES
CALCULATION OF FULLY DILUTED EARNINGS PER SHARE
(Dollars and Shares in Millions Except Per Share Amounts)
NINE MONTHS ENDED SEPTEMBER 30
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1996 1995
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1. Net earnings $ 1,371.4 $ 1,223.3
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2. Average number of shares outstanding 782.9 797.3
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3. Earnings per share based upon average
outstanding shares (1 divided by 2) $ 1.75 $ 1.53
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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 31.5 30.0
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b. Aggregate proceeds to the Company from
the exercise of options in 4.a. $ 994.0 $ 828.1
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c. Market price of the Company's common
stock at quarter-end $ 49.250 $ 42.625
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d. Shares which could be repurchased
under the treasury stock
method (4.b. divided by 4.c.) 20.2 19.4
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e. Addition to average outstanding shares
(4.a. - 4.d.) 11.3 10.6
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f. Shares for fully diluted earnings per
share calculation (2. + 4.e.) 794.2 807.9
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g. Fully diluted earnings per share
(1. divided by 4.f.) $ 1.73 $ 1.51
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