1                                                EXHIBIT 11.

MUSTANG SOFTWARE, INC.

COMPUTATION OF EARNINGS PER SHARE
(In thousands, except earnings per share) (Unaudited)
- - -----------------------------------------------------------------------------


                                                        Three Months Ended  Six Months Ended
                                                           June 30,              June 30, 
                                                        1995       1996     1995       1996
- - ---------------------------------------------------------------------------------------------
                                                                         
Weighted average number of common shares outstanding     3,356      3,363    2,731      3,361 
Common stock equivlents from outstanding stock options       0          0        0          0
- - --------------------------------------------------------------------------------------------
Average common and common stock equivalents outstanding  3,356      3,363    2,731      3,361
==============================================================================================
Net Income                                               $(117)    $ (649)  $ (106)   $(1,300)  	
==============================================================================================
Earnings per share (1)                                   $(.03)    $ (.19)  $ (.04)   $  (.39) 
==============================================================================================


(1) Fully diluted earnings per share have not been presented because the effects
are not material.
- - -----------------------------------------------------------------------------