Exhibit 11
WINFIELD CAPITAL CORP.
STATEMENT OF COMPUTATION EARNINGS (LOSS) PER SHARE
<TABLE>
<CAPTION>
Years Ended March 31,
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2000 1999 1998
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<S> <C> <C> <C>
Basic and diluted earnings (loss) per common share
Net earnings (loss) available for common stock
equivalent shares deemed to have a dilutive effect $70,576,818 $24,851,771 $(1,984,474)
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Earnings (loss) per common share
Basic ............................................ $ 13.36 $ 4.95 $ (.40)
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Diluted (A) ...................................... $ 12.09 $ 4.54 $ (.40)
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Shares used in computation:
Basic:
Weighted average common shares ................. 5,282,131 5,023,361 5,023,361
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Diluted:
Weighted average common shares ................. 5,282,131 5,023,361 5,023,361
Common stock equivalents ....................... 554,428 453,300 (A)
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5,836,559 5,476,661 5,023,361
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</TABLE>
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(A) For the year ended March 31, 1998, common stock equivalents were
anti-dilutive and, therefore, not considered.
