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                                                                      EXHIBIT 11


                                          AXIOM INC. AND SUBSIDIARIES
                                   SUPPLEMENTAL PRO FORMA NET INCOME (LOSS)
                                       PER COMMON SHARE CALCULATION (A)
                                                  (UNAUDITED)
                                                       
<TABLE>
<CAPTION>
                                           THREE MONTHS ENDED         NINE MONTHS ENDED
                                                JUNE 30,                   JUNE 30,
                                           --------------------    -------------------------
                                             1997       1996           1997          1996
                                           ---------  ---------    ------------    ---------
<S>                                        <C>        <C>          <C>             <C>

Pro forma net income (loss)
  per common share:                                
                                  
Net Income (loss) - adjusted (A)........   $ 855,000  $ 932,000    $ (1,424,000)   $(882,000) 
                                           ---------  ---------    ------------    ---------
                                  
Weighted average number of shares                     
   issued and outstanding...............   3,476,900  3,476,900       3,476,900    3,476,900  
Number of shares that would be                        
   required to be sold in the                         
   initial public offering to fund                         
   the payment of the obligations to                       
   parent and affiliates................   1,940,417  1,940,417       1,940,417    1,940,417  
                                           ---------  ---------    ------------   ----------
                                  
Adjusted weighted average number
   of shares outstanding................   5,417,317  5,417,317       5,417,317    5,417,317  
                                           ---------  ---------    ------------   ----------
                                           ---------  ---------    ------------   ----------
                        
Pro forma net income (loss) per                       
   common share.........................      $ 0.16  $    0.17        $  (0.26)     $ (0.16)      
                                           ---------  ---------    ------------   ---------- 
                                           ---------  ---------    ------------   ---------- 

</TABLE>

(A) Supplemental Pro forma Net Income (Loss) Per Common Share 

Supplemental Pro forma net income (loss) per common share was calculated by 
dividing net income (loss) by the weighted average number of common shares 
outstanding for the respective period.  Pursuant to the requirements of the 
Securities and Exchange Commission, the calculation of supplemental pro forma 
net income (loss) per common share includes the number of shares that would 
be required to be sold in the initial public offering to fund the payment of 
the $23,285,000 in obligations to parent and affiliates. In addition, the 
supplemental pro forma net income (loss) per common share for the three 
months and nine months ended June 30, 1997 and 1996 excludes interest expense 
on the obligations to parent and affiliates of $169,000, $491,000, $148,000 
and $409,000, respectively, net of income taxes.  Stock options granted prior 
to the initial public offering have been excluded from the calculation since 
the option prices are equal to the initial public offering price and will 
therefore not be dilutive.