EXHIBIT 11
<TABLE>
<CAPTION>
FDN, INC. AND SUBSIDIARIES
COMPUTATIONS OF PER SHARE EARNINGS (unaudited)
Quarter Quarter 9 months 9 months
Periods ended September 30 2000 1999 2000 1999
------------- ----------- ------------- ------------
<S> <C> <C> <C> <C>
Net Loss $ ( 5,366,813) $ (768,880) $ (10,407,160) $ (2,050,080)
Weighted average shares outstanding 46,934,436 39,261,735 45,215,698 38,023,064
Basic loss per share $ (0.11) $ (0.02) $ (0.23) $ (0.05)
</TABLE>
Loss per common share is computed based on net loss divided by the weighted
average number of shares outstanding during the respective periods presented.
Diluted loss per share is not presented since stock options are anti-dilutive.
