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                                                                      EXHIBIT 11
                           BESTFOODS AND SUBSIDIARIES
                 SCHEDULE OF COMPUTATION OF EARNINGS PER SHARE
                     (In millions, except per share amounts)


<TABLE>
<CAPTION>
                                                         Three Months Ended            Nine Months Ended
                                                            September 30,                 September 30,
         BASIC                                           1999           1998           1999           1998
                                                         ----           ----           ----           ----
<S>                                                   <C>            <C>            <C>            <C>
Income from continuing operations                     $   183.9      $   167.9      $   503.8      $   473.5
Preferred stock dividends, net of taxes                    (2.5)          (2.5)          (7.4)          (7.6)
                                                      ---------      ---------      ---------      ---------
Income from continuing operations available
    to common stockholders                                181.4          165.4          496.4          465.9
Gain on disposal of discontinued operations                  --             .7             --             .7
                                                      ---------      ---------      ---------      ---------
Net income available to common stockholders           $   181.4      $   166.1      $   496.4      $   466.6
                                                      =========      =========      =========      =========

Weighted average shares outstanding                       279.0          286.9          279.6          287.8
                                                      =========      =========      =========      =========

BASIC EARNINGS PER SHARE:
   Net Income                                        $     0.65     $     0.58     $     1.78     $     1.62
                                                      =========      =========      =========      =========

    DILUTED
Income from continuing operations                     $   183.9      $   167.9      $   503.8      $   473.5
Adjustments to net income:
    Assumed additional cost if ESOP shares
      are fully converted net of tax benefits               (.5)          (0.8)          (1.9)          (1.8)
                                                      ---------      ---------      ---------      ---------
Diluted income from continuing operations                 183.4          167.1          501.9          471.7

Income from continuing operations                            --             .7             --             .7
                                                      ---------      ---------      ---------      ---------
Diluted net income                                    $   183.4      $   167.8      $   501.9      $   472.4
                                                      =========      =========      =========      =========

Weighted average shares outstanding                       279.0          286.9          279.6          287.8
Add incremental shares representing:
         Exercise of stock options                          1.8            2.6            1.8            2.6

         Performance plan shares                             .1             .3             .1             .3

         Conversion of ESOP shares                          6.9            7.3            7.1            8.1

                                                      ---------      ---------      ---------      ---------
Weighted average number of shares as adjusted             287.8          297.1          288.6          298.8
                                                      =========      =========      =========      =========

DILUTED EARNINGS PER SHARE:
   Net Income                                         $    0.64     $     0.56     $     1.74     $     1.58
                                                      =========      =========      =========      =========
</TABLE>


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