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                                                                    EXHIBIT 11-4

                  DTE ENERGY COMPANY AND SUBSIDIARY COMPANIES
                  PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
                                OF COMMON STOCK






                                         Three          Six             Twelve
                                        Months         Months           Months
                                         Ended          Ended            Ended
                                     June 30, 1996   June 30, 1996   June 30, 1996
                                     -------------   --------------  -------------
                                        (Thousands, except per share amounts)

PRIMARY:
                                                                     
  Net Income                              $ 78,253      $ 186,693      $ 402,372 
                                                                                 
  Weighted average number of common                                              
   shares outstanding (a)                  145,120        145,120        144,674 
  Earnings per share of Common Stock                                             
   based on weighted average number                                              
   of shares outstanding                  $   0.54      $    1.29      $    2.78 
                                                                                 
FULLY DILUTED:                                                                   
  Net Income                              $ 78,253      $ 186,693      $ 402,372 
  Convertible Preferred Stock                                                    
   dividends                                     -              -             53 
                                          --------      ---------      --------- 
                                          $ 78,253      $ 186,693      $ 402,425 
                                          ========      =========      ========= 
                                                                                 
  Weighted average number of common                                              
   shares outstanding (a)                  145,120        145,120        144,674 
  Conversion of convertible                                                      
   Preferred Stock                               -              -            112 
                                          --------      ---------      --------- 
                                           145,120        145,120        144,786 
                                          ========      =========      ========= 


  Earnings per share of Common Stock
   assuming conversion of outstanding
   convertible Preferred Stock            $  0.54       $    1.29      $    2.78



  
- ---------------
(a)  Based on a daily average.