WESTERN PENNSYLVANIA ADVENTURE CAPITAL FUND
10-Q, EX-11, 2000-11-09
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<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>


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