1
                                                                    Exhibit 11.1

                        WORLDCOM, INC. AND SUBSIDIARIES
                       COMPUTATION OF PER SHARE EARNINGS
                     (In thousands, except per share data)





                                                                For the Three Months Ended    For the Six Months Ended
                                                                -------------------------------------------------------------
                                                                June 30, 1997   June 30, 1996   June 30, 1997   June 30, 1996
                                                                -------------   -------------   -------------   -------------
                                                                                                    
Primary:                                                                                                        
  Weighted average shares outstanding                               895,461          391,160        891,853         389,363  
  Common stock equivalents                                           24,568                -         26,299               -  
  Common stock equivalents issuable upon conversion of:                                                                 
    Series A preferred stock                                         32,703                -         32,703               
                                                                  ---------       ----------       --------      ----------  
                                                                    952,732          391,160        950,855         389,363  
                                                                  =========       ==========       ========      ==========  
Net income (loss) applicable to common shareholders                                                                    
  before extraordinary items                                      $  71,996       $ (243,523)      $115,050      $ (157,721) 
Extraordinary items                                                       -          (24,434)             -         (24,434) 
Add back:                                                                                                              
  Series A preferred dividend                                         6,364                -         12,728               -  
                                                                  ---------       ----------       --------      ----------  
Net income (loss) applicable to common shareholders               $  78,360       $ (267,957)      $127,778        (182,155) 
                                                                  =========       ==========       ========      ==========  
                                                                                                                       
Primary earnings (loss) per share:                                                                                     
  Applicable to common shareholders before extraordinary items    $    0.08       $    (0.62)      $   0.13           (0.41) 
                                                                  =========       ==========       ========      ========== 
  Extraordinary items                                             $       -       $    (0.06)      $      -           (0.06)     
                                                                  =========       ==========       ========      ========== 
  Applicable to common shareholders                               $    0.08       $    (0.69)      $   0.13           (0.47)
                                                                  =========       ==========       ========      ========== 
                                                                                                                            
Fully diluted:                                                                                                              
  Weighted average shares outstanding                               895,461          391,160        891,853         389,363 
  Common stock equivalents                                           29,256                -         28,644               - 
  Common stock issuable upon conversion of:                                                                                 
    Series A preferred stock                                         32,703                -         32,703               - 
    Series B preferred stock                                          1,246                -          1,251               - 
                                                                  ---------       ----------       --------      ---------- 
                                                                    958,666          391,160        954,451         389,363 
                                                                  =========       ==========       ========      ========== 
                                                                                                                            
Net income (loss) applicable to common shareholders                                                                         
  before extraordinary items                                      $  71,996       $ (243,523)      $115,050        (157,721)      
Extraordinary items                                                       -          (24,434)             -         (24,434)
Add back:                                                                                                                   
  Series A preferred dividend                                         6,364               -          12,728               - 
  Series B preferred dividend                                           247               -             493               - 
                                                                  ---------       ----------       --------      ---------- 
Net income (loss) applicable to common shareholders               $  78,607       $ (267,957)      $128,271        (182,155)     
                                                                  =========       ==========       ========      ========== 
                                                                                                                            
Fully diluted earnings (loss) per share:                                                                                    
  Applicable to common shareholders before extraordinary items    $    0.08       $    (0.62)      $   0.13           (0.41)     
                                                                  =========       ==========       ========      ========== 
  Extraordinary items                                             $       -       $    (0.06)      $      -           (0.06)
                                                                  =========       ==========       ========      ========== 
  Applicable to common shareholders                               $    0.08       $    (0.69)      $   0.13           (0.47)    
                                                                  =========       ==========       ========      ==========