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                                                                      EXHIBIT 11
 
               CHRYSLER CORPORATION AND CONSOLIDATED SUBSIDIARIES
 
                         EARNINGS PER COMMON SHARE DATA
                         APB OPINION NO. 15 CALCULATION
 


                                                                            THREE MONTHS ENDED
                                                                                MARCH 31,
                                                                            ------------------
                                                                             1996        1995
                                                                            ------      ------
                                                                             (IN MILLIONS OF
                                                                               DOLLARS AND
                                                                                 SHARES)
                                                                                  
PRIMARY:
  Net earnings...........................................................   $1,005      $  496
  Preferred stock dividend...............................................       (1)        (14)
                                                                            ------      ------
  Earnings attributable to common stock..................................   $1,004      $  482
                                                                            ======      ======
  Weighted average shares outstanding....................................    376.2       358.9
  Shares issued on exercise of dilutive options..........................     12.9         6.8
  Shares purchased with proceeds of options..............................     (9.0)       (3.4)
  Shares contingently issuable...........................................      0.4         0.2
                                                                            ------      ------
  Shares applicable to primary earnings..................................    380.5       362.5
                                                                            ======      ======
FULLY DILUTED:
  Net earnings...........................................................   $1,005      $  496
  Preferred stock dividend...............................................       --          --
                                                                            ------      ------
  Earnings attributable to common stock..................................   $1,005      $  496
                                                                            ======      ======
  Weighted average shares outstanding....................................    376.2       358.9
  Shares issued on exercise of dilutive options..........................     12.9         6.8
  Shares purchased with proceeds of options..............................     (8.4)       (3.4)
  Shares applicable to convertible preferred stock.......................      3.6        41.6
  Shares contingently issuable...........................................      0.8         0.4
                                                                            ------      ------
  Shares applicable to fully diluted earnings............................    385.1       404.3
                                                                            ======      ======
                                                                               (IN DOLLARS)
PER COMMON SHARE DATA:
  Primary:
     Earnings before cumulative effect of a change in accounting
      principle..........................................................   $ 2.64      $ 1.59
     Cumulative effect of a change in accounting principle...............       --       (0.26)
                                                                            ------      ------
     Net earnings per common share.......................................   $ 2.64      $ 1.33
                                                                            ======      ======
  Fully Diluted:
     Earnings before cumulative effect of a change in accounting
      principle..........................................................   $ 2.61      $ 1.46
     Cumulative effect of a change in accounting principle...............       --       (0.23)
                                                                            ------      ------
     Net earnings per common share.......................................   $ 2.61      $ 1.23
                                                                            ======      ======

 
NOTE: Primary earnings per common share amounts were computed by dividing
      earnings after deduction of preferred stock dividends by the average
      number of common and dilutive equivalent shares outstanding. Computations
      of primary earnings per common share exclude the effect of common stock
      equivalents and shares contingently issuable for any period in which their
      inclusion would have the effect of increasing the earnings per common
      share amount otherwise computed. Fully diluted per common share amounts
      assume conversion of the convertible preferred stock, the elimination of
      the related preferred stock dividend requirement, and the issuance of
      common stock for all other potentially dilutive equivalent shares
      outstanding.