EXHIBIT 11.1
                   TURBODYNE TECHNOLOGIES INC AND SUBSIDIARIES
                  Schedule of Computation of Earnings Per Share


<TABLE>
<CAPTION>
LOSS PER SHARE                                         Three Months Ended                            Nine Months Ended
                                                          September 30,                                 September 30,
                                                1999                     1998                     1999                   1998
                                          ------------------    -----------------        ------------------     -----------------

<S>                                     <C>                   <C>                      <C>                    <C>
Net loss                                $        (8,173,224)  $       (4,233,000)      $       (14,996,500)   $      (12,002,000)

Basic EPS - Weighted Average Shares
       Outstanding                               46,948,000           41,204,000                44,798,000            38,446,000
Less: Shares in Escrow                           (4,150,000)          (4,150,000)               (4,150,000)           (4,150,000)
                                          ------------------    -----------------        ------------------     -----------------
Basic EPS - Weighted Average Shares
       Outstanding Adjusted                      42,798,000           37,054,000                40,648,000            34,296,000
                                          ==================    =================        ==================     =================

Basic Loss per Share                    $             (0.19)  $            (0.11)      $             (0.37)   $            (0.35)
                                          ==================   =================        ==================     =================


Basic EPS - Weighted Average Shares
       Outstanding Adjusted                      42,798,000           37,054,000                40,648,000            34,296,000
                                          ==================    =================        ==================     =================

Effect of Diluted Securities:
       Warrants and Stock Options (1)                     -                    -                         -                     -
                                          ------------------    -----------------        ------------------     -----------------
Diluted EPS - Weighted Average Shares
       Oustanding                                42,798,000           37,054,000                40,648,000            34,296,000
                                          ==================    =================        ==================     =================

Diluted Loss per Share                  $             (0.19)  $            (0.11)      $             (0.37)   $            (0.35)
                                          ==================    =================        ==================     =================



<FN>
(1)        The Company's outstanding stock options and warrants have an
           antidilutive effect on net loss per share. As a result such amounts
           have been excluded from the computations of diluted loss per share.
</FN>
</TABLE>


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