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
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1997 1996
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1. Net earnings $ 1,056.4 $ 950.5
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2. Average number of shares outstanding 773.1 784.5
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3. Earnings per share based upon average
outstanding shares (1 divided by 2) $ 1.37 $ 1.21
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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 32.0 26.9
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b. Aggregate proceeds to the Company from
the exercise of options in 4.a. $ 1,225.3 $771.7
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c. Market price of the Company's common
stock at quarter-end $ 66.75 $43.50
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d. Shares which could be repurchased
under the treasury stock
method (4.b. divided by 4.c.) 18.4 17.7
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e. Addition to average outstanding shares
(4.a. - 4.d.) 13.6 9.2
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f. Shares for fully diluted earnings per
share calculation (2. + 4.e.) 786.7 793.7
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g. Fully diluted earnings per share
(1. divided by 4.f.) $ 1.34 $1.20
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