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EXHIBIT 11B
GATX CORPORATION AND SUBSIDIARIES
COMPUTATION OF DILUTED NET INCOME PER SHARE OF COMMON STOCK
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED
MARCH 31
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2001 2000
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Average number of shares to compute basic
earnings per share 48.3 48.4
Shares issuable upon assumed exercise of stock options, reduced
by the number of shares which could have been purchased with
the proceeds from exercise of such options 1.0 .7
Common stock issuable upon assumed
conversion of preferred stock .1 .1
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Total 49.4 49.2
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Net income, as adjusted per basic computation $ 170.7 $ 40.6
Add - dividends paid and accrued on preferred
stock - -
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Net income, as adjusted $ 170.7 $ 40.6
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Diluted net income per share:
Income from continuing operations $ .09 $ .76
Income from discontinued operations 3.36 .06
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Total diluted net income per share $ 3.45 $ .82
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