EXHIBIT 11
ABBOTT LABORATORIES AND SUBSIDIARIES
CALCULATION OF FULLY DILUTED EARNINGS PER SHARE
(Dollars and Shares in Millions Except Per Share Amounts)
THREE MONTHS ENDED MARCH 31
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1997 1996
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1. Net earnings $ 534.8 $ 480.1
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2. Average number of shares outstanding 774.0 785.8
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3. Earnings per share based upon average
outstanding shares (1 divided by 2) $ .69 $ .61
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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 27.8 27.8
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b. Aggregate proceeds to the Company from
the exercise of options in 4.a. $ 926.6 $ 786.6
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c. Market price of the Company's common
stock at quarter-end $ 56.13 $ 40.75
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d. Shares which could be repurchased
under the treasury stock
method (4.b. divided by 4.c.) 16.5 19.3
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e. Addition to average outstanding shares
(4.a. - 4.d.) 11.3 8.5
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f. Shares for fully diluted earnings per
share calculation (2. + 4.e.) 785.3 794.3
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g. Fully diluted earnings per share
(1. divided by 4.f.) $ .68 $ .60
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