EXHIBIT 11

BellSouth Corporation  Computation of Earnings Per Share

|                                                                                                  |  | For the years ended December 31, |      
|------------------------------------------------------------------------------------------------- |  | -------------------------------- | -----
|
|Earnings Per Share  Basic:                                                                       |  |                                  |      
|Income Before Extraordinary Losses                                                                |  | $                                | 4,220
|Extraordinary Loss on FAS 142 Impairment, net of tax                                              |  |                                  |     
|                                                                                                  |  |                                  |      
|Net Income                                                                                        |  | $                                | 4,220
|                                                                                                  |  |                                  |      
|Weighted average shares outstanding                                                               |  |                                  | 1,876
|                                                                                                  |  |                                  |      
|Earnings Per Common Share Before Extraordinary Losses                                             |  | $                                | 2.25 
|Extraordinary Loss on FAS 142 Impairment, net of tax                                              |  |                                  |     
|                                                                                                  |  |                                  |      
|Earnings Per Share                                                                                |  | $                                | 2.25 
|                                                                                                  |  |                                  |      
|Earnings Per Share  Diluted:                                                                     |  |                                  |      
|Income Before Extraordinary Losses                                                                |  | $                                | 4,220
|Extraordinary Loss on Early Extinguishment of Debt, net of tax                                    |  |                                  |     
|                                                                                                  |  |                                  |      
|Net Income                                                                                        |  | $                                | 4,220
|                                                                                                  |  |                                  |      
|Weighted average shares outstanding                                                               |  |                                  | 1,876
|Incremental shares from assumed exercise of stock options and payment of performance share awards |  |                                  | 15   
|                                                                                                  |  |                                  |      
|Total Shares                                                                                      |  |                                  | 1,891
|                                                                                                  |  |                                  |      
|Earnings Per Common Share Before Extraordinary Losses                                             |  | $                                | 2.23 
|Extraordinary Loss on Early Extinguishment of Debt, net of tax                                    |  |                                  |     
|                                                                                                  |  |                                  |      
|Earnings Per Share                                                                                |  | $                                | 2.23 
|                                                                                                  |  |                                  |      

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