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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,  
                                               ---------------------       --------------------          
                                                 1996          1995         1996        1995(1)
                                               -------       -------       -------      -------
                                                      (Unaudited)             (Unaudited)
<S>                                            <C>           <C>           <C>          <C>
Earnings before
 extraordinary item                            $ 6,317       $ 5,873       $18,408      $ 4,447
Extraordinary item -- loss
 on early retirement of Senior
 Notes, net of applicable income
 tax benefit of $437                                --            --            --         (813)
                                               -------       -------       -------      ------- 
Primary earnings                                 6,317         5,873        18,408        3,634
Add:  Amortization of original
 issue discount and debt issuance
 costs, net of income tax effect,
 applicable to LYONs                               785           804         2,322           --  
                                               -------       -------       -------      -------
Fully diluted earnings                         $ 7,102       $ 6,677       $20,730      $ 3,634
                                               =======       =======       =======      =======

Weighted average shares outstanding
 during the period                              12,476        12,252        12,404       12,638
 Common stock equivalent
 shares - primary                                  543           496           550          430
                                               -------       -------       -------     --------
Common and common stock equivalent
 shares for purpose of calculating
 primary earnings per share                     13,019        12,748        12,954       13,068
Incremental shares to reflect
 full dilution                                   3,996         4,003         3,994           --  
                                               -------       -------       -------     --------
Total shares for purpose of
 calculating fully diluted earnings
 per share                                      17,015        16,751        16,948       13,068
                                               =======       =======       =======     ========

Primary earnings per share
 before extraordinary item                     $   .49       $   .46       $  1.42     $    .34

Extraordinary item, loss on early
 retirement of Senior Debt,
 net of income tax benefit                          --            --           --          (.06)
                                               -------       -------       ------      --------

Primary earnings per share                     $   .49       $   .46       $  1.42     $    .28
                                               =======       =======       =======     ========

Fully diluted earnings per share               $   .42       $   .40       $  1.22     $    .28
                                               =======       =======       =======     ========
</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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