EXHIBIT 11

              CHAMPION INTERNATIONAL CORPORATION AND SUBSIDIARIES

              Calculation of Basic Earnings Per Common Share and
                 Diluted Earnings Per Common Share (unaudited)
                        (in millions, except per share)



                                                             Three Months Ended
                                                                 March 31,
                                                            --------------------
                                                             2000          1999
                                                            -------       ------
                                                                    
Basic earnings per common share (1):
  Net income applicable to common stock                     $   98        $   42
                                                            ======        ======
  Average number of common shares outstanding                 96.5          95.6
                                                            ======        ======

Basic earnings per common share                             $ 1.01        $  .44
                                                            ======        ======

Diluted earnings per common share: (1, 2):
  Net income applicable to common stock                     $   98        $   42
                                                            ======        ======
  Average number of common shares outstanding                 96.5          95.6
  Add common share effect, assuming conversion
    of potentially dilutive securities                          .6            .6
                                                            ------        ------
  Average number of common shares outstanding
    on a diluted basis                                        97.1          96.2
                                                            ======        ======

Diluted earnings per common share                           $ 1.01        $  .43
                                                            ======        ======


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NOTES:

     (1)  Basic earnings per common share is computed by dividing net income
          applicable to common stockholders by the average number of common
          shares outstanding. The computation of diluted earnings per common
          share assumes that the average number of common shares outstanding is
          increased by dilutive common share equivalents.

     (2)  Potentially dilutive securities at March 31, 2000 included shares
          issuable pursuant to certain stock-based compensation arrangements.
          These securities included 312,000 shares issuable upon the vesting of
          the restricted share units as well as 314,000 shares issuable upon the
          exercise of stock options calculated using the treasury stock method.