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                                   EXHIBIT 11


              FIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
         COMPUTATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
                   (In thousands, except per share amounts)

<TABLE>
<CAPTION>
                                                       Three months ended                Nine months ended
                                                          September 30,                     September 30,   
                                                   -------------------------         --------------------------
                                                     1995            1994(1)         1995(1)             1994  
                                                   -------           -------         -------            -------
                                                          (Unaudited)                       (Unaudited)
<S>                                                <C>               <C>             <C>                <C>
Earnings before extraordinary item                 $ 5,873           $ 2,317         $ 4,447            $12,706
Extraordinary item -- loss on early
 retirement of Senior Notes, net of
 applicable income tax benefit of
 $437 in 1995, gain on early
 retirement of Liquid Yield Option
 Notes ("LYONs"), net of applicable
 income tax expense of $312 in 1994                     --                --            (813)               579
                                                   -------           -------         -------            -------
Primary earnings                                     5,873             2,317           3,634             13,285
Add:  Amortization of original
 issue discount and debt issuance
 costs, net of income tax effect,
 applicable to LYONs                                   804                --              --              2,615
                                                   -------           -------         -------            -------
Fully diluted earnings                             $ 6,677           $ 2,317         $ 3,634            $15,900
                                                   =======           =======         =======            =======

Weighted average shares outstanding
 during the period                                  11,138            14,243          11,489             14,959
Common stock equivalent
 shares - primary                                      451               346             391                477
                                                   -------           -------         -------            -------
Common and common stock equivalent
 shares for purpose of calculating
 primary earnings per share                         11,589            14,589          11,880             15,436
Incremental shares to reflect
 full dilution                                       3,639                --              --              3,605
                                                   -------           -------         -------            -------
Total shares for purpose of
 calculating fully diluted earnings
 per share                                          15,228            14,589          11,880             19,041
                                                   =======           =======         =======            =======

Primary earnings per share
 before extraordinary item                         $   .51           $   .16         $   .37            $   .82

Extraordinary item -- loss on early
 retirement of Senior Notes, net of
 applicable income tax benefit in
 1995, gain on early retirement of
 LYONs, net of applicable income
 tax expense in 1994                                    --                --            (.07)               .04
                                                   -------           -------         -------            -------

Primary earnings per share                         $   .51           $   .16         $   .31            $   .86
                                                   =======           =======         =======            =======

Fully diluted earnings per share                   $   .44           $   .16         $   .31            $   .84
                                                   =======           =======         =======            =======
</TABLE>





(1)      The impact of the assumed conversion of fully dilutive securities is
         antidilutive, and is therefore excluded from the computation.





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