EXHIBIT 11
BellSouth Corporation
Computation of Earnings Per Share
For the Three Month For the Six Month
Period Ended Period Ended
June 30, June 30,
1999 2000 1999 2000
Basic Earnings Per Common Share:
Net Income $ 786 $1,064 $1,401 $2,065
Weighted average shares
Outstanding 1,891 1,882 1,912 1,881
Earnings Per Common Share $ .42 $ .57 $ .73 $1.10
Diluted Earnings Per Common Share:
Net Income $ 786 $1,064 $1,401 $2,065
Weighted average shares
Outstanding 1,891 1,882 1,912 1,881
Incremental shares from
assumed exercise of
stock options and payment of
performance share awards 18 18 18 18
Total Shares 1,909 1,900 1,930 1,899
Earnings Per Common Share $ .41 $.56 $.73 $ 1.09
