EXHIBIT 11
ABBOTT LABORATORIES AND SUBSIDIARIES
CALCULATION OF EARNINGS PER COMMON SHARE
(DOLLARS AND SHARES IN MILLIONS EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED MARCH 31
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1998 1997
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1. Net earnings $ 589.6 $ 534.8
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2. Average number of common shares
outstanding 764.0 774.0
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3. Basic earnings per common share
(1 divided by 2) $ .77 $ .69
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4. Diluted earnings per common share:
a. Stock options granted and outstanding
for which the market price at
quarter-end exceeds
the option price 27.8 28.6
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b. Aggregate proceeds to the Company
from the exercise of options in 4.a:
1. Cash received upon exercise $ 1,181.8 $ 942.8
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2. Tax benefits to be credited
to earnings employed in the
business 82.0 63.6
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Total proceeds (sum of 1-2) $ 1,263.8 $ 1,006.4
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c. Average market price of the
Company's common stock $ 72.846 $ 56.038
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d. Shares which could be repurchased
under the treasury stock
method (4.b. divided by 4.c.) 17.3 18.0
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e. Addition to average outstanding
shares (4.a. - 4.d.) 10.5 10.6
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f. Shares for diluted earnings per common
share calculation (2. + 4.e.) 774.5 784.6
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g. Diluted earnings per common share
(1. divided by 4.f.) $ .76 $ .68
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