EXHIBIT 11
                               JENNA LANE, INC.

                   COMPUTATION OF EARNINGS PER COMMON SHARE

 
 

                                                                                     Three Months Ended
                                                                                         June 30,
                                                                           --------------------------------------
                                                                              1997                      1996
                                                                           ------------              ------------
                                                                                                
Primary Earnings Per Share:

 Net income                                                                $    213,493              $    184,447
 Adjustment of net income:
  Interest income, net of tax effect resulting from excess proceeds
   in applying 20% rule on treasury stock method (a)                             36,850                      -
                                                                           ------------              ------------ 

  Adjusted net income                                                           250,343                   184,447
 Deduct dividends on preferred shares                                              -                       25,000
                                                                           ------------              ------------ 

   Net income applicable to common stock                                   $    250,343              $    159,447
                                                                           ============              ============ 

 Weighted average number of shares outstanding                                5,319,492                 2,072,175
                                                                           ============              ============  

 Primary earnings per share                                                $       0.05              $       0.08
                                                                           ============              ============  
  

(a) Adjustments to income have been shown net of tax effects which were
    calculated at 41.8%
    (the Company's effective tax rate) of the gross amounts of the adjustments.