Exhibit 11

              Statement Regarding Computation of Per Share Earnings

           Primary earnings per share are computed by dividing earnings
           applicable 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 applicable to common shares 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.