Exhibit 11

Fully Diluted Earnings Per Common Share and Fully Diluted Average Common Shares
Outstanding


For fully diluted earnings per common share, net income available to common 
shareholders can be affected by the conversion of the registrant's convertible 
preferred stock. Where the effect of this conversion would have been dilutive, 
net income available to common shareholders is adjusted by the associated 
preferred dividends and any resulting tax effect, if applicable. This adjusted 
net income is divided by the weighted average number of common shares 
outstanding for each period plus amounts representing the dilutive effect of 
stock options outstanding and the dilution resulting from the conversion of 
the registrant's convertible preferred stock, if applicable. The effect of 
convertible preferred stock is excluded from the computation of fully diluted 
earnings per common share in periods in which the effect would be antidilutive.

Fully diluted earnings per common share was determined as follows (shares in 
thousands, dollars in millions except per-share information):


<TABLE>
<CAPTION>

                                                                           Year Ended December 31

                                                                           1995      1994    1993

<S>                                                                      <C>      <C>     <C>
Average common shares outstanding.......................................  272,480  274,656  257,969 

Dilutive effect of
Convertible preferred stock.............................................    2,291    2,513    2,453 
Stock options...........................................................    2,363    1,404    2,031 

Total fully dilutive shares.............................................  277,134  278,573  262,453 

Income available to common shareholders before effect 
of change in method of accounting for income taxes...................... $  1,942 $  1,680 $  1,291 
Preferred dividends paid on dilutive convertible
preferred stock.........................................................        8       10       10
Income available to common shareholders adjusted for
full dilution and before effect of change in method
of accounting for income taxes..........................................    1,950    1,690    1,301
Effect of change in method of accounting for income taxes...............        -        -      200
Total net income available for common shareholders
adjusted for full dilution.............................................. $  1,950 $  1,690 $  1,501
Fully diluted earnings per common share before effect
of change in method of accounting for income taxes...................... $   7.04 $   6.06 $   4.95
Fully diluted earnings per common share................................. $   7.04 $   6.06 $   5.72

</TABLE>