EXHIBIT 11
YOUNG & RUBICAM INC. AND SUBSIDIARY COMPANIES
COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30,
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) 2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE:
Weighted average common shares outstanding 72,442,663 67,502,175 72,627,811 66,912,004
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Net income 37,463 30,585 69,055 50,286
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Earnings per common share $ 0.52 $ 0.45 $ 0.95 $ 0.75
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DILUTED EARNINGS PER SHARE:
Weighted average common shares outstanding 72,442,663 67,502,175 72,627,811 66,912,004
Dilutive effects of stock options 9,827,661 14,697,986 10,241,271 15,135,774
Dilutive effect of convertible subordinated notes 3,950,095 -- 3,519,447 --
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Weighted average common shares and common share equivalents
outstanding 86,220,419 82,200,161 86,388,529 82,047,778
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Net income 37,463 30,585 69,055 50,286
Add: After-tax interest expense on 3% Convertible
Subordinated Notes 1,294 -- 2,309 --
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Net income, as adjusted 38,757 30,585 71,364 50,286
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Earnings per common share and common share equivalents $ 0.45 $ 0.37 $ 0.83 $ 0.61
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</TABLE>
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