<TABLE>
EXHIBIT 11.1
COMPUTATION OF EARNINGS PER SHARE
(in thousands, except per share amounts)
<CAPTION>
1999 1998 1997
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<S> <C> <C> <C>
Basic:
Average shares outstanding .................. 103,267 N/A N/A
Net income (loss) after conversion .......... ($10,905,261) N/A N/A
Per share amount ............................ ($105.60) N/A N/A
Diluted:
Average shares outstanding .................. 103,267 N/A N/A
Net effect of dilutive stock options
based on the treasury stock method
using the average market price .............. -- N/A N/A
Total ............................................ 103,267 N/A N/A
Net income (loss) after conversion ............... ($10,905,261) N/A N/A
Per share amount ................................. ($105.60) N/A N/A
</TABLE>
