EXHIBIT 11.1
COMPUTATION OF PER SHARE EARNINGS
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FOR THE THREE MONTHS ENDED OCTOBER 31,
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2000 1999
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INCOME SHARES PER SHARE INCOME (LOSS) SHARES PER SHARE
(NUMERATOR) (DENOMINATOR) AMOUNTS (NUMERATOR) (DENOMINATOR) AMOUNTS
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<S> <C> <C> <C> <C> <C> <C>
BASIC EPS:
Income available to
Common shareholders $ 189,418 2,604,736 $0.07 $ 84,261 2,604,736 $ 0.03
Change in accounting
principle (158,896) (0.06)
EFFECT OF DILUTIVE SECURITIES:
Common stock options 8,920 16,370
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DILUTED EPS:
Income (Loss) available to
Common shareholders $ 189,418 2,613,656 $0.07 $(74,635) 2,621,106 $(0.03)
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