<PAGE>
Item 6 (a), Exhibit 11
Western Pennsylvania Adventure Capital Fund
Schedule of Computation of Earnings Per Common Share
For the Periods
<TABLE>
<CAPTION>
July 1, 2000 January 1, 2000
through through
September 30, 2000 September 30, 2000
--------------------------- ---------------------------
(unaudited) (unaudited)
<S> <C> <C>
Net Income $ 351,977 $ 379,987
========== ==========
Weighted Average Number of Common Shares Outstanding 4,162,120 4,094,100
========== ==========
$ 0.08 $ 0.09
Earnings per Common Share ========== ==========
July 1, 1999 January 1, 1999
through through
September 30, 1999 September 30, 1999
-------------------------- --------------------------
(unaudited) (unaudited)
Net Income (Loss) $ (8,452) $ (12,203)
========== ==========
Weighted Average Number of Common Shares Outstanding 2,210,434 2,210,434
========== ==========
$ 0.01 $ 0.01
Earnings per Common Share ========== ==========
</TABLE>