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EXHIBIT 11A
GATX CORPORATION AND SUBSIDIARIES
COMPUTATION OF BASIC NET INCOME PER SHARE OF COMMON STOCK
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
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<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
------------------- ---------------------
2000 1999 2000 1999
-------- -------- --------- ---------
<S> <C> <C> <C> <C>
Average number of shares of common stock
outstanding 47.5 49.5 47.9 49.4
Net income $ 45.1 $ 42.2 $ 127.2 $ 119.5
Deduct - Dividends paid and accrued on preferred
stock - - - -
-------- -------- --------- ---------
Net income, as adjusted $ 45.1 $ 42.2 $ 127.2 $ 119.5
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Basic net income per share $ .95 $ .85 $ 2.65 $ 2.42
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