BOWLIN

      Outdoor Advertising and Travel Centers Incorporated and Subsidiaries

                 Schedule of Computation of Earnings per Share


                                                      Years ended January 31, 
                                                      ----------------------- 
                                                       1995             1996
                                                       ----             ----

   
Net Earnings                                        $  468,956     $     383,619
                                                    ==========     =============
Weighted average common shares outstanding           3,362,875         3,360,599

Net Earnings per Share                              $     0.14     $        0.11
                                                    ==========     =============
    
   
                                                   Nine months ended October 31,
                                                   -----------------------------
    
                                                        1995           1996
                                                        ----           ----
   
Net Earnings                                         $  411,855     $  685,890
                                                     ==========     ==========
Weidghted average common shares outstanding           3,362,309      3,452,991

Net Earnings per Share                               $      .12     $      .20
                                                     ==========     ==========
    

   
Note:  Fully diluted  earnings per share is  equivalent to primary  earnings per
share. In addition,  on November 12, 1996,  98,537 shares of outstanding  Common
Stock were returned to the Company without  consideration  and were subsequently
cancelled.  The  above  amounts  do not give  effect to that  transaction.  (see
footnote 13 to the Consolidated Financial Statements)