EXHIBIT 11

                              STARCRAFT CORPORATION
                        COMPUTATION OF EARNINGS PER SHARE
                    (In thousands, except per share amounts)

<TABLE>
<CAPTION>



                                                                     Year Ended
                                                  -----------------------------------------------
                                                  Sept. 29, 1996    Oct. 1, 1995     Oct. 2, 1994
                                                  --------------    ------------     ------------
<S>                                                  <C>               <C>               <C>  
Primary
Average shares
outstanding                                           4,142             4,261             4,174
Net effect of dilutive stock                                                         
   options - based on the                                                            
   treasury stock method                                                             
   using average market                                                              
   price                                                 --                --                19
                                                     ------            ------            ------
Total                                                 4,142             4,261             4,193
                                                     ======            ======            ======
Net income                                           $  110            $2,757            $3,780
                                                     ======            ======            ======
Per share amount                                                                     
                                                     $  .03            $ 0.65            $ 0.90
                                                     ======            ======            ======
Fully Diluted                                                                        
Average shares                                                                       
outstanding                                           4,142             4,261             4,174
Net effect of dilutive stock                                                         
  options based on the                                                               
  treasury stock method                                                              
  using the highest of the                                                            
  average market price for                                                           
  the period or the market                                                           
  price at the end of the                                                            
  period                                                 --                --                19
                                                     ------            ------            ------
Total                                                 4,142             4,261             4,193
                                                     ======            ======            ======
Net income                                           $  110            $2,757            $3,780
                                                     ======            ======            ======
                                                                                     
Per share amount                                     $  .03            $ 0.65            $ 0.90
                                                     ======            ======            ======
</TABLE>
                                                                                

NOTE: Average  shares  outstanding  used for earnings per share  included in the
      Company's  financial  statements  do not  reflect  the  effect  of the 
      stock options granted since their effect is antidilutive.