<TABLE>
                                                                                                                    Exhibit 11(a) 
                                          THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
                                                  COMPUTATION OF EARNINGS PER SHARE
                                                  ---------------------------------

                                             (Millions of Dollars Except Per Share Data)
<CAPTION>
                                                                                For The Year Ended
                                                       -----------------------------------------------------------------------
                                                        December 31,1995          December 31,1994           December 31,1993
                                                        ----------------          ----------------           -----------------
                                                                   Per                        Per                        Per
                                                        Amount     Share          Amount      Share          Amount      Share
                                                        ------     -----          ------      -----          ------      ------
<S>                                                     <C>        <C>            <C>         <C>            <C>         <C>
Primary:
-------
Average shares outstanding                                85.7                      84.3                       83.6

Dilutive stock options and stock 
  issuable under employee benefit plans--based on
  the Treasury stock method using the average
  market price                                             2.2                    (Note 1)                   (Note 1)
                                                          ----                     ------                     ------
Adjusted shares outstanding                               87.9                      84.3                       83.6
                                                          ====                      ====                       ====

Earnings from continuing operations                     $216.5                    $ 89.9                     $ 64.1

Less preferred stock dividend                             11.6                      11.6                       11.6
                                                        ------                    ------                     ------
Earnings from continuing operations
  attributable to common stock                          $204.9     $2.33          $ 78.3      $ .93          $ 52.5      $ .63
                                                        ======     =====          ======      =====          ======      =====




Fully Diluted:
-------------
Average shares outstanding                                85.7                      84.3                       83.6

Dilutive stock options and stock 
  issuable under employee benefit plans--based
  on the Treasury stock method using the higher
  of the average market price or
  ending market price                                      2.6                    (Note 1)                   (Note 1)
                                                          ----                     ------                     ------
Adjusted shares outstanding                               88.3                      84.3                       83.6

Average shares assumed to be
  converted through convertible
  preferred stock (Note 3)                                 6.4                       6.3 (Note 2)               6.4 (Note 2)
                                                          ----                      ----                       ----
Fully diluted average
  shares outstanding                                      94.7                      90.6                       90.0
                                                          ====                      ====                       ====

Earnings from continuing operations                     $216.5     $2.29          $ 89.9      $ .99          $ 64.1      $ .71
                                                        ======     =====          ======      =====          ======      =====


Notes:      1.  Dilutive effect of common stock equivalents is less than 3% for the years ended December 31, 1994 and 1993 and has
                not been shown.
            2.  The  assumed  conversion  of  convertible   preferred  stock  is anti-dilutive and, therefore,  is not used in the 
                calculation of fully  diluted  earnings  per share  included  in the  financial statements.
            3.  Difference from prior year is due to rounding.
</TABLE>

                                                             
<TABLE>
                                                                                                                   Exhibit 11(b)
                                           THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
                                                  COMPUTATION OF EARNINGS PER SHARE
                                                  ---------------------------------
                                             (Millions of Dollars Except Per Share Data)
<CAPTION>
                                                                           For The Year Ended
                                                       -----------------------------------------------------
                                                        December 31,1995          December 31,1994           December 31,1993
                                                        ----------------          ----------------           -----------------
                                                                   Per                        Per                        Per
                                                        Amount     Share          Amount      Share          Amount      Share
                                                        ------     -----          ------      -----          ------      ------
<S>                                                     <C>        <C>            <C>         <C>            <C>         <C>
Primary:
-------
Average shares outstanding                                85.7                      84.3                       83.6

Dilutive stock options and stock issuable
  under employee benefit plans--based on
  the Treasury stock method using the average
  market price                                             2.2                    (Note 1)                   (Note 1)
                                                          ----                     ------                     ------
Adjusted shares outstanding                               87.9                      84.3                       83.6
                                                          ====                      ====                       ====

Net earnings                                            $224.0                    $127.4                     $ 66.0

Less preferred stock dividend                             11.6                      11.6                       11.6
                                                        ------                    ------                     ------
Net earnings attributable to
  common stock                                          $212.4     $2.42          $115.8      $1.37          $ 54.4      $ .65
                                                        ======     =====          ======      =====          ======      =====



Fully Diluted:
-------------
Average shares outstanding                                85.7                      84.3                       83.6

Dilutive stock options and stock issuable
  under employee benefit plans--based on
  the Treasury stock method using the higher 
  of the average market price or
  ending market price                                      2.6                    (Note 1)                   (Note 1)
                                                          ----                     ------                     ------
Adjusted shares outstanding                               88.3                      84.3                       83.6

Average shares assumed to be
  converted through convertible
  preferred stock (Note 3)                                 6.4                       6.3 (Note 2)               6.4 (Note 2)
                                                          ----                      ----                       ----
Fully diluted average
  shares outstanding                                      94.7                      90.6                       90.0
                                                          ====                      ====                       ====

Net earnings                                            $224.0     $2.37          $127.4      $1.41          $ 66.0      $ .73
                                                        ======     =====          ======      =====          ======      =====


Notes:      1.  Dilutive effect of common stock equivalents is less than 3% for the years ended December 31, 1994 and 1993 and 
                has not been shown.
            2.  The  assumed  conversion  of  convertible   preferred  stock  is anti-dilutive and, therefore,  is not used in the
                calculation of fully  diluted  earnings  per share  included  in the  financial statements.
            3.  Difference from prior year is due to rounding.
</TABLE>