WORLD WRESTLING FEDERATION ENTERTAINMENT INC
10-Q, EX-11.1, 2000-12-11
AMUSEMENT & RECREATION SERVICES
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<PAGE>

                                                                    EXHIBIT 11.1

                World Wrestling Federation Entertainment, Inc.

                   EXHIBIT TO QUARTERLY REPORT ON FORM 10-Q

                  Computation of Net Income Per Common Share
                 (dollars in thousands, except per share data)

<TABLE>
<CAPTION>
                                                          For the three months ended        For the six months ended
                                                        October 27,        October 29,    October 27,      October 29,
--------------------------------------------------------------------------------------    ----------------------------
<S>                                                    <C>               <C>              <C>            <C>
                                                            2000              1999            2000            1999
                                                       -------------     -------------    ------------   -------------

Net income........................................     $       9,473     $       7,848    $     24,712   $      28,126
                                                       =============     =============    ============   =============

Common equivalent shares outstanding:

     Average number of common shares
       outstanding during the period..............     $  72,851,107        58,040,626      71,129,708      57,353,813

     Add common share equivalents - options
      to purchase Class A common shares...........           254,716            21,479         637,808           5,519
                                                       -------------     -------------    ------------   -------------
         Total....................................        73,105,823        58,062,105      71,767,516      57,359,332
                                                       =============     =============    ============   =============

Earnings per share - basic........................     $        0.13     $        0.14    $       0.35   $        0.49
                                                       =============     =============    ============   =============

Earnings per share - diluted......................     $        0.13     $        0.14    $       0.34   $        0.49
                                                       =============     =============    ============   =============
</TABLE>



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