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EXHIBIT 11

BellSouth Corporation
Computation of Earnings Per Share

	For the years ended December 31,
	1998		1999		2000
Earnings Per Share—Basic:
Income Before Extraordinary Losses	$	3,527	$	3,448	$	4,220
Extraordinary Loss on Early Extinguishment of Debt, net of tax		—		—		—
Net Income	$	3,527	$	3,448	$	4,220
Weighted average shares outstanding		1,970		1,898		1,876
Earnings Per Common Share Before Extraordinary Losses	$	1.79	$	1.82	$	2.25
Extraordinary Loss on Early Extinguishment of Debt, net of tax		—		—		—
Earnings Per Share	$	1.79	$	1.82	$	2.25
Earnings Per Shares—Diluted:
Income Before Extraordinary Losses	$	3,527	$	3,448	$	4,220
Extraordinary Loss on Early Extinguishment of Debt, net of tax		—		—		—
Net Income	$	3,527	$	3,448	$	4,220
Weighted average shares outstanding		1,970		1,898		1,876
Incremental shares from assumed exercise of stock options and payment of performance share awards		14		18		15
Total Shares		1,984		1,916		1,891
Earnings Per Common Share Before Extraordinary Losses	$	1.78	$	1.80	$	2.23
Extraordinary Loss on Early Extinguishment of Debt, net of tax		—		—		—
Earnings Per Share	$	1.78	$	1.80	$	2.23

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BellSouth Corporation Computation of Earnings Per Share