<TABLE>
                                                                                        Exhibit 11
                                   GTE CORPORATION AND SUBSIDIARIES
                               CALCULATION OF EARNINGS PER COMMON SHARE
  <CAPTION>
                                                     Three Months Ended            Nine Months Ended 
                                                        September 30                  September 30   
                                                     1996          1995           1996           1995  
                                                                      (In Thousands)
  <S>                                              <C>          <C>          <C>            <C>   
  Consolidated net income                           $755,978     $694,810     $2,014,067     $1,818,983
  
  Adjustments to net income:
  Add - Preferred dividend requirements on
          dilutive convertible preferred stocks         -             134            -              403
        Interest expense, net of tax
          effect, on employees' stock plans              900          675           1,713         1,277
            Total adjustments                            900          809           1,713         1,680
  
  Adjusted consolidated net income                  $756,878     $695,619      $2,015,780    $1,820,663
  
  Average common shares                              965,498      970,243         970,574       968,934
  
  Adjustments to common shares:
  Add - Dilutive convertible preferred stocks           -             513            -              523
        Employees' stock and stock option plans        4,617        4,104           3,994         3,934
            Total adjustments                          4,617        4,617           3,994         4,457
   
  Adjusted average common shares                     970,115      974,860         974,568       973,391
  
  EARNINGS PER COMMON SHARE:
     Primary (1)                                        $.78         $.72           $2.07         $1.88
  
     Fully diluted (2)                                  $.78         $.71           $2.07         $1.87
  
  (1)  Computed by dividing consolidated net income for the periods by the average common shares 
       outstanding.  Common stock equivalents are excluded from this computation since 
       they do not have a 3% dilutive effect.
  
  (2)  Computed assuming conversion or exercise of those preferred stocks and stock plans that
       would have a dilutive effect.
  
       (a)  Average common shares outstanding are adjusted to reflect the shares which would 
            be issued upon conversion of preferred stocks using the "if converted" method.  
            Equivalent common shares to be added to average shares for the employees' stock 
            plans, stock ownership plans and stock options are computed according to the 
            "treasury stock" method.
  
       (b)  Consolidated net income for the periods is adjusted to reflect the increase in income for
            the preferred dividends declared for the periods on the convertible preferred 
            stocks and the interest accrued, net of tax effect, on funds received from 
            installments under the employees' stock plans.
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