EXHIBIT 11
                                 FORM OF PROXY
                             WEDCO TECHNOLOGY, INC.
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           PLEASE MARK VOTES
   [X]     AS IN THIS EXAMPLE
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                SPECIAL MEETING OF STOCKHOLDERS--APRIL 29, 1996

         THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The Board of Directors recommends a vote FOR the following proposal:

PROPOSAL 1. To approve and adopt the Merger Agreement dated as of December 8,
1995, as amended, among the Company, ICO, Inc. and W Acquisition Corp., as
described in the Proxy Statement.

                    For         Against          Abstain

                    [_]           [_]              [_]

The undersigned, revoking any contrary proxy previously given hereby appoints
William E. Willoughby, Walter L. Leib, Edward N. Barol and all or any one of
them as attorneys and proxies, with power of substitution to vote all shares of
common stock of Wedco Technology, Inc. (the "Company"), which the undersigned
would be entitled to vote if personally present at the Special Meeting of
Stockholders (the "Special Meeting"), to be held at the Company's Executive
Offices located at Route 173, West Portal, New Jersey, on Monday, April 29,
1996, at 10:00 A.M., E.S.T., and any postponements or adjournments thereof, upon
the following matters set forth in the Notice of Special Meeting and Proxy
Statement, receipt of which is hereby acknowledged.

This proxy when properly executed will be voted as specified. IF NOT OTHERWISE
SPECIFIED, THIS PROXY WILL BE VOTED FOR PROPOSAL 1.


In their discretion, the above-named proxies are authorized to vote upon such
other business as may properly come before the Special Meeting. The powers
hereby conferred may be exercised by a majority of said proxies (or their
respective substitutes) as shall be present at the Special Meeting or any
postponement or adjournment or, if only one shall be present, by that one.

Please date and sign exactly as name appears hereon. When signing as an
attorney, executor, administrator, trustee or guardian, give full title. If a
corporation, please sign in full corporate name by President or other authorized
officer. If a partnership, please sign in partnership name by an authorized
person.

 Please be sure to sign and date
  this Proxy in the box below.


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                                     Date


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                            Stockholder sign above


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                        Co-holder (if any) sign above



   DETACH ABOVE CARD, SIGN, DATE AND MAIL IN POSTAGE PAID ENVELOPE PROVIDED.


                             WEDCO TECHNOLOGY, INC.
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