Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

November 13, 1997

EARNINGS PER SHARE CALCULATION

Published on November 13, 1997



Exhibit 11

SEI INVESTMENTS COMPANY AND SUBSIDIARIES
----------------------------------------

EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------

FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30,
----------------------------------------------






1997 1996
----------- -----------


Earnings per common and common
equivalent share (Primary EPS):

Net income $ 6,939,000 $ 5,906,000
=========== ===========

Weighted average number of
shares issued and outstanding 18,270,000 18,396,000

Dilutive effect (excess of
number of shares issuable over
number of shares assumed to be
repurchased with the proceeds,
using the average market price
during the period) of
outstanding options 968,000 717,000
----------- -----------

Adjusted weighted average number
of shares outstanding 19,238,000 19,113,000
=========== ===========

Earnings per common and common
equivalent share $ .36 $ .31
=========== ===========



23

SEI INVESTMENTS COMPANY AND SUBSIDIARIES
----------------------------------------

EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------

FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30,
----------------------------------------------






1997 1996
----------- -----------


Earnings per common and common
equivalent share, assuming full dilution
(Fully diluted EPS):

Net income $ 6,939,000 $ 5,906,000
=========== ===========

Weighted average number of
shares issued and outstanding 18,270,000 18,396,000

Dilutive effect (excess of
number of shares issuable over
number of shares assumed to be
repurchased with the proceeds,
using the higher of the average market price
or ending price during the period) of
outstanding options 1,113,000 858,000
----------- -----------

Adjusted weighted average number
of shares outstanding, assuming full dilution 19,383,000 19,254,000
=========== ===========

Earnings per common and common
equivalent share, assuming full dilution $ .36 $ .31
=========== ===========


24

SEI INVESTMENTS COMPANY AND SUBSIDIARIES
----------------------------------------

EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------

FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30,
---------------------------------------------






1997 1996
----------- -----------


Earnings per common and common
equivalent share (Primary EPS):

Net income $16,881,000 $16,592,000
=========== ===========

Weighted average number of
shares issued and outstanding 18,432,000 18,523,000

Dilutive effect (excess of
number of shares issuable over
number of shares assumed to be
repurchased with the proceeds,
using the average market price
during the period) of
outstanding options 827,000 852,000
----------- -----------

Adjusted weighted average number
of shares outstanding 19,259,000 19,375,000
=========== ===========

Earnings per common and common
equivalent share $ .88 $ .86
=========== ===========



25

SEI INVESTMENTS COMPANY AND SUBSIDIARIES
----------------------------------------

EXHIBIT 11 - EARNINGS PER SHARE CALCULATION
-------------------------------------------

FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30,
---------------------------------------------






1997 1996
----------- -----------


Earnings per common and common
equivalent share, assuming full dilution
(Fully diluted EPS):

Net income $16,881,000 $16,592,000
=========== ===========

Weighted average number of
shares issued and outstanding 18,432,000 18,523,000

Dilutive effect (excess of
number of shares issuable over
number of shares assumed to be
repurchased with the proceeds,
using the higher of the average market price
or ending price during the period) of
outstanding options 1,209,000 942,000
----------- -----------

Adjusted weighted average number
of shares outstanding, assuming full dilution 19,641,000 19,465,000
=========== ===========

Earnings per common and common
equivalent share, assuming full dilution $ .86 $ .85
=========== ===========



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