EXHIBIT 11

                  YOUNG & RUBICAM INC. AND SUBSIDIARY COMPANIES
                        COMPUTATION OF EARNINGS PER SHARE

<TABLE>
<CAPTION>
                                                                   THREE MONTHS ENDED JUNE 30,      SIX MONTHS ENDED JUNE 30,
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)                   2000              1999            2000            1999
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                <C>             <C>                <C>               <C>
BASIC EARNINGS PER SHARE:
Weighted average common shares outstanding                           72,442,663     67,502,175         72,627,811        66,912,004
                                                                 ==================================================================
Net income                                                               37,463         30,585             69,055            50,286
                                                                 ==================================================================
Earnings per common share                                          $       0.52    $      0.45        $      0.95       $      0.75
                                                                 ==================================================================

DILUTED EARNINGS PER SHARE:
Weighted average common shares outstanding                           72,442,663     67,502,175         72,627,811        66,912,004
Dilutive effects of stock options                                     9,827,661     14,697,986         10,241,271        15,135,774
Dilutive effect of convertible subordinated notes                     3,950,095             --          3,519,447                --
                                                                 ------------------------------------------------------------------

Weighted average common shares and common share equivalents
outstanding                                                          86,220,419     82,200,161         86,388,529        82,047,778
                                                                 ==================================================================
Net income                                                               37,463         30,585             69,055            50,286

Add: After-tax interest expense on 3% Convertible
Subordinated Notes                                                        1,294             --              2,309                --
                                                                 ------------------------------------------------------------------

Net income, as adjusted                                                  38,757         30,585             71,364            50,286
                                                                 ==================================================================

Earnings per common share and common share equivalents             $       0.45    $      0.37        $      0.83       $      0.61
                                                                 ==================================================================
</TABLE>


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