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                                                                      Exhibit 11



                Statement re Computation of Per Share Earnings


         Primary earnings per share are computed by dividing earnings
         available to common shares by the weighted average number of common
         and common equivalent shares outstanding during the period.

         For purposes of computing primary earnings per share, common
         equivalent shares include the average number of common shares issuable
         upon the exercise of all employee stock options and awards and
         outstanding employee stock subscriptions, if dilutive, less the common
         shares which could have been purchased at the average market price
         during the period, with the assumed proceeds, including "windfall" tax
         benefits, from the exercise of the options, awards and subscriptions.

         Fully-diluted earnings per share are computed by dividing the
         sum of earnings available to common shares and dividends on preferred
         shares that are potentially dilutive by the weighted average number of
         common shares, common equivalent shares and common shares assumed
         converted from potentially dilutive securities outstanding during the
         period.

         For purposes of computing fully-diluted earnings per share, common
         equivalent shares are computed on a basis comparable to that for
         primary earnings per share, except that common shares are assumed to
         be purchased at the market price at the end of the period, if
         dilutive.  Common shares assumed converted from potentially dilutive
         securities in the three-month period ended March 31, 1993, include
         common shares that would have been issuable upon the conversion of the
         Registrant's Fixed Rate Auction Preferred Stock, Series A and B
         (collectively the "FRAPS"), at the applicable rate which would have
         resulted in the greatest potential dilution.  For the three-month
         period ended March 31, 1993, the FRAPS were antidilutive.  In the
         second quarter of 1993 the Company redeemed all of the FRAPS.  The
         FRAPS have therefore not been considered potentially dilutive
         securities in the computation of fully-diluted earnings per share for
         the three-month period ended March 31, 1994.