1



                                                                    Exhibit 11.1


                   SOFTWARE  SPECTRUM,  INC. AND SUBSIDIARIES
              COMPUTATION  OF  PRIMARY EARNINGS (LOSS) PER  SHARE
                                  (Unaudited)





                                         Three Months Ended
                                              June 30,
                                   ------------------------------
                                      1996                1995
                                   ---------           ----------
                                                 
Net income (loss)                  $(256,000)          $1,615,000
                                   =========           ==========
Shares as adjusted:
  Average number of shares 
   outstanding                      4,288,084           4,178,067
  Incremental shares       
    from outstanding stock   
    options as determined    
    under the treasury stock 
    method, using the        
    average market price                  --  *            48,415
                                   ---------           ----------
Shares as adjusted                  4,288,084           4,226,482
                                   =========           ==========
Primary earnings (loss) per share     $(0.06)               $0.38
                                   =========           ==========


*  No incremental shares from outstanding stock options are included
   as they would be anti-dilutive.