EXHIBIT 11.1
                                          
                                 THRUSTMASTER, INC.
                          STATEMENTS REGARDING COMPUTATION
                               OF PER SHARE EARNINGS
                    (In thousands, except net income per share)
                                    (Unaudited)




                                               March 31,
                                        -----------------------
                                          1998           1997
                                        --------       --------
                                                 
Weighted average number of 
   common shares outstanding--basic       4,303          4,245
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Common stock equivalents
   arising from stock options                --            310
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Weighted average number of 
   common shares outstanding--diluted     4,303          4,555
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Net income (loss)                       $(1,241)        $  289
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Net income (loss) per share--basic      $ (0.29)        $ 0.07
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Net income (loss) per share--diluted    $ (0.29)        $ 0.06
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