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EXHIBIT 11.1
PLANET POLYMER TECHNOLOGIES, INC.
STATEMENT OF COMPUTATION OF COMMON AND COMMON EQUIVALENT SHARES
AS OF SEPTEMBER 30, 2000
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<CAPTION>
Three months ended Nine months ended
September 30, September 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Shares outstanding at beginning of period 5,341,062 5,341,062 5,341,062 5,341,062
1,000,000 shares issued on January 11, 1999 1,000,000 1,000,000 1,000,000 959,707
9,677 shares issued on March 15, 1999 9,677 9,677 9,677 7,054
5,000 shares issued on March 30, 1999 5,000 5,000 5,000 3,370
9,677 shares issued on June 15, 1999 9,677 9,677 9,677 3,793
5,106 shares issued on September 15, 1999 5,106 833 5,106 281
500,000 shares issued on November 5, 1999 500,000 -- 500,000 --
5,454 shares issued on December 15, 1999 5,454 -- 5,454 --
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Weighted average number of shares 6,875,976 6,366,249 6,875,976 6,315,267
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119,997 shares issued on January 20, 2000 119,997 111,238
10,000 shares issued on February 15, 2000 10,000 8,321
10,000 shares issued on March 2, 2000 10,000 7,737
500,000 shares issued on March 3, 2000 500,000 385,036
2,736 shares issued on March 15, 2000 2,736 1,987
89,999 shares issued on March 28, 2000 89,999 61,094
2,000 shares issued on June 7, 2000 2,000 839
2,400 shares issued on June 9, 2000 2,400 990
3,000 shares issued on June 12, 2000 3,000 1,204
4,000 shares issued on June 13, 2000 4,000 1,591
5,100 shares issued on June 14, 2000 5,100 2,010
4,239 shares issued on June 15, 2000 4,239 1,655
3,500 shares issued on June 16, 2000 3,500 1,354
2,000 shares issued on June 21, 2000 2,000 737
5,000 shares issued on August 22, 2000 2,120 712
4,148 shares issued on September 15, 2000 676 227
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Weighted average number of shares 7,637,743 7,462,708
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