1
                                                                              36

Exhibit 11.  Reconciliation of Basic and Diluted Earnings Per Share


                                                       FOR THREE MONTHS ENDED SEPT 30,     FOR NINE MONTHS ENDED SEPT 30,
                                                           1998              1997              1998              1997
                                                                                                  
EARNINGS PER SHARE
Net Income available to common shareholders                 (115,371)         (186,605)           15,802         (388,484)
                                                       ==============    ==============    ==============     ============

Weighted average common shares outstanding                 1,974,703         1,966,892         1,980,758        1,902,072
                                                       ==============    ==============    ==============     ============

        EARNINGS PER SHARE                                   $ (0.06)          $ (0.09)           $ 0.01          $ (0.20)
                                                       ==============    ==============    ==============     ============


EARNINGS PER SHARE ASSUMING DILUTION
Net Income available to common shareholders                  NA                NA                 15,802           NA
                                                       ==============    ==============    ==============     ============

Weighted average common shares outstanding                   NA                NA              1,980,758           NA
                                                       ==============    ==============                       ============
Add:  dilutive effects of assumed exercises:
         Incentive Stock Options                             NA                NA                  2,188           NA
                                                       ==============    ==============    ==============     ============

Weighted average common and dilutive potential common
     shares outstanding                                      NA                NA              1,982,946           NA
                                                       ==============    ==============    ==============     ============

        EARNINGS PER SHARE ASSUMING DILUTION                 NA                NA                 $ 0.01           NA
                                                       ==============    ==============    ==============     ============