Exhibit 11.1

                        EASTCO INDUSTRIAL SAFETY CORP.
                               AND SUBSIDIARIES

                      COMPUTATION OF EARNINGS PER SHARE




                                                       Year Ended     Nine Months Ended
                                                     June 30, 1995     March 31, 1996
                                                     -------------    ------------------
                                                                          
Primary:

  Net earnings                                         $ 77,937          $   58,754

  Average common shares outstanding                     347,738           3,593,493

  Earnings per common share outstanding                $   .224          $     .164
                                                       --------          ----------
     Rounded                                           $    .22          $      .16
                                                       ========          ==========
  Dilutive options and warrants outstanding             414,245             422,995

  Less shares attributable to application    
   of treasury stock method at average
   prices of $1.375 per share for the year ended
   June 30, 1995 and $1.549 for the nine months
   ended March 31, 1996                                (369,454)           (335,001)*
                                                       --------           ---------  

     Net incremental shares applicable
      to common stock equivalents                        44,791              87,994
                                                       ========           =========  
  Earnings per common and common equivalent
   shares outstanding                                  $   .199           $    .131
                                                       ========            ========  

     Rounded                                           $    .20           $     .13
                                                       ========            ========  

Fully Diluted:

  Dilutive options and warrants outstanding             414,245             422,995

  Less shares applicable to application of 
   treasury stock method at June 30, 1995
   closing price of $1.75 per share and average
   price of $1.549 for the nine months ended 
   March 31, 1996                                      (290,285)           (335,001)*
                                                       --------           ---------  

  Net incremental shares applicable to 
   common stock equivalents                             123,960              87,994
                                                       ========            ========  
  Earnings per fully diluted common and 
   common equivalent shares outstanding                $   .165            $   .131 
                                                       ========            ========  
     Rounded                                           $    .17            $    .13 
                                                       ========            ========  



  

*The limitation on shares subject to the treasury stock method, pursuant to 
 the provisions of Paragraph 38 of Accounting Principles Board Opinion
 Number 15, is not applicable because the result thereof is anti-dilutive.