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Notes to Consolidated Financial Statements

15    Earnings Per Share

For the years ended September 30, 2002, 2001, and 2000, the following table sets forth the computations of basic and diluted earnings per share, before the cumulative effect of accounting change (shares in thousands):

  2002   2001   2000  
Income before cumulative effect of accounting change  $  479,982    $  438,402    $  392,897  
Preferred stock dividends    (2,553 )    (2,721 )    (2,916 )
Income available to common shareholders(A)        477,429      435,681      389,981  
Preferred stock dividends- using "if converted" method        2,553      2,721      2,916  
Additional ESOP contribution- using "if converted" method        (613 )    (645 )    (689 )
Income available to common shareholders after assumed conversions(B)    $  479,369    $  437,757    $  392,208  
Average common shares outstanding(C)      258,016      257,128      252,454  
Dilutive stock equivalents from stock plans      6,076      7,309      6,059  
Shares issuable upon conversion of preferred stock      4,091      4,396      4,726  
Average common and common equivalent shares outstanding- assuming dilution(D)      268,183      268,833      263,239  
Basic earnings per share before cumulative effect of change in accounting principle(A/C)    $  1.85    $  1.69    $  1.54  
Diluted earnings per share before cumulative effect of change in accounting principle(B/D)    $  1.79    $  1.63    $  1.49  

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