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MET-COIL SYSTEMS CORPORATION
EXHIBIT 11 - COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARES
(In thousands, except per share amounts)




                                                                                 Three Months Ended             
                                                                                        August 31,            
                                                                                 1997                1996   
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Common shares outstanding, beginning of period                                  3,141               3,121   
                                                                                                            
Weighted average of common shares issued                                        - - -                  (2)  
                                                                                                            
Weighted average common equivalent shares attributable to stock                                             
         options granted, computed using the treasury stock method                102                   1   
                                                                                                            
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Weighted average common shares and common share equivalents                     3,243               3,120   
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Net income applicable to common stock                                       $      17           $     465   
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Net income per common share                                                 $    0.01           $    0.15   
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