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                                  EXHIBIT  11
                                  -----------

                       FERRO CORPORATION AND SUBSIDIARIES
             STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE





                                                                12 Months     12 Months     
(Dollars in Thousands)                                          December      December      
                                                                  1995          1994      
                                                                  ----          ----
                                                                       
   PRIMARY:                                                                               
                                                                                          
      Weighted average shares and common stock equivalents     27,782,823    28,735,898   
                                                                                          
      Net Income                                                  $49,254       $47,394   
                                                                                          
      Less Preferred Stock Dividend, Net of Tax                    (3,670)       (3,583)  
                                                              -----------   -----------                            
                                                                                          
      Income Available to Common Shareholders                     $45,584       $43,811   
                                                                                          
PRIMARY EARNINGS PER COMMON SHARE                                   $1.64         $1.52   
                                                                                          
   FULLY DILUTED:                                                                         
                                                                                          
      Weighted average shares and common stock equivalents     27,782,823    28,735,898   

      Adjustments (primarily assumed conversion of                                        
             convertible preferred stock)                       2,427,400     2,458,605   
                                                              -----------   -----------                            
                                                                                          
                                                               30,210,223    31,194,503   
                                                                                          
      Net Income                                                  $49,254       $47,394   
                                                                                          
      Additional ESOP Contribution, Net of Tax                     (2,016)       (2,064)  
                                                              -----------   -----------                            
                                                                                          
      Adjusted Net Income                                         $47,238       $45,330   
                                                                                          
                                                                                          
FULLY DILUTED EARNINGS PER SHARE                                    $1.56         $1.45