EXHIBIT 11 
	NATIONAL DENTEX CORPORATION 
	COMPUTATION OF NET INCOME PER SHARE 
 
 
 
 
                                                                                             
 
                                                     Three Months Ended
                                                     1995         1996 
Computation of Primary Net Income per Share: 
Net Income applicable to common stock               $706,897      826,812 
 
Shares: 
  Weighted average common shares outstanding      3,095,619   3,341,119 
 
Add:  Shares issuable from assumed exercise of  
  options and warrants (as determined by the  
  application of the treasury stock method)         249,990     161,947 
 
Weighted average common shares outstanding as  
adjusted                                          3,345,609   3,503,066 
 
Primary net income per share                          $0.21       $0.24 
 
 
 
 
 
 
                                                     Three Months Ended 
                                                     1995         1996 
 
Computation of Fully Diluted Net Income Per  
Share: 
 
Net income per primary computation above            706,897    $826,812 
 
Shares: 
  Weighted average common shares outstanding      3,095,619   3,341,119 
 
Add:  Shares issuable from assumed exercise of  
  options and warrants (as determined by the  
  application of the treasury stock method)         261,881     161,947 
 
Weighted average common shares outstanding as  
adjusted                                          3,357,500   3,503,066 
 
Fully diluted net income per share                    $0.21       $0.24