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EXHIBIT 11
BellSouth Corporation
Computation of Earnings Per Share
For the Three Month For the Nine Month
Period Ended Period Ended
September 30, September 30,
1999 2000 1999 2000
Basic Earnings Per Common Share:
Net Income $994 $1,036 $2,395 $3,101
Weighted average shares
Outstanding 1,885 1,871 1,903 1,878
Earnings Per Common Share $ .53 $ .55 $1.26 $1.65
Diluted Earnings Per Common Share:
Net Income $ 994 $1,036 $2,395 $3,101
Weighted average shares
Outstanding 1,885 1,871 1,903 1,878
Incremental shares from
assumed exercise of
stock options and payment of
performance share awards 19 14 18 16
Total Shares 1,904 1,885 1,921 1,894
Earnings Per Common Share $ .52 $.55 $ 1.25 $ 1.64
