Exhibit 11



            Statement Regarding Computation of Per Share Earnings

Both primary and fully-diluted earnings per share are computed by dividing 
earnings available 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 plus the effect of treasury shares purchasable with the 
assumed proceeds at the average stock price, if dilutive.

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 with proceeds at 
the market price at the end of the period, if dilutive.
                                       

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