EXHIBIT 11.1
ALL AMERICAN SEMICONDUCTOR, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS



YEARS ENDED DECEMBER 31                           1996            1995           1994    
                                              ------------    ------------   ------------
                                                                    
PRIMARY EARNINGS (LOSS) PER SHARE:                                                       
                                                                                         
NET INCOME (LOSS) .........................   $ (9,920,000)   $  1,886,000   $    352,000
                                              ============    ============   ============
                                                                                         
WEIGHTED AVERAGE SHARES:                                                                 
   Common shares outstanding ..............     19,742,849      15,241,458     12,358,524
   Common share equivalents ...............        372,994         704,238        671,190
                                              ------------    ------------   ------------
   Weighted average number of common                                                     
     shares and common share                                                             
     equivalents outstanding ..............     20,115,843      15,945,696     13,029,714
                                              ============    ============   ============
PRIMARY EARNINGS (LOSS) PER                                                              
   COMMON SHARE ...........................   $       (.49)   $        .12   $        .03
                                              ============    ============   ============
                                                                                         
FULLY DILUTED EARNINGS (LOSS) PER SHARE:                                                 
                                                                                         
NET INCOME (LOSS) .........................   $ (9,920,000)   $  1,886,000   $    352,000
                                              ============    ============   ============
WEIGHTED AVERAGE SHARES:                                                                 
   Weighted average number of common                                                     
     shares and common share                                                             
     equivalents outstanding ..............     20,115,843     159,945,696     13,029,714
   Additional options not included above...           --              --             --  
                                              ------------    ------------   ------------
   Weighted average number of common                                                     
     shares outstanding as adjusted .......     20,115,843     159,945,696     13,029,714
                                              ============    ============   ============
FULLY DILUTED EARNINGS (LOSS)                                                            
   PER COMMON SHARE .......................   $       (.49)   $        .12   $        .03
                                              ============    ============   ============