EXHIBIT 11




                           FDN, INC. AND SUBSIDIARIES
                 COMPUTATIONS OF PER SHARE EARNINGS (unaudited)

                                              Quarter           Quarter           9 months         9 months
Periods ended September 30                      2000              1999              2000             1999
                                            -------------     -----------       -------------    ------------
                                                                                     
Net Loss                                    $ ( 5,366,813)    $  (768,880)      $ (10,407,160)   $ (2,050,080)
Weighted average shares outstanding            46,934,436      39,261,735          45,215,698      38,023,064
Basic loss per share                        $   (0.11)        $  (0.02)         $  (0.23)        $  (0.05)


Loss per common  share is  computed  based on net loss  divided by the  weighted
average number of shares  outstanding  during the respective  periods presented.
Diluted loss per share is not presented since stock options are anti-dilutive.