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                                                                 EXHIBIT 11


               CANANDAIGUA WINE COMPANY, INC. AND SUBSIDIARIES

                  COMPUTATION OF NET INCOME PER COMMON SHARE

              FOR THE YEARS ENDED AUGUST 31, 1994, 1993 AND 1992

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                              August 31, 1994     August 31, 1993    August 31, 1992
  Net income per common
    equivalent share:
                                          Fully           Fully          Fully 
                                 Primary Diluted Primary Diluted Primary Diluted

                                          (in thousands, except per share data)

  Net income available to 
  common shares-                 $11,733 $11,733 $15,604 $15,604 $11,356 $11,356
  Adjustments:
    (1) Assumed exercise of stock
        appreciation rights            -       -       -       -     (14)    (14)
    (2) Assumed exercise of
        convertible debt                     419       -   2,597       -   2,667
  Net income available to common 
    and common equivalent shares $11,733 $12,152 $15,604 $18,201 $11,342 $14,009
  Shares:

  Weighted average common shares
    outstanding                   15,423  15,423  11,820  11,820  10,416  10,416
  Adjustments:
    (1) Assumed exercise of stock
         appreciation rights           -       -       -       -       4       4
    (2) Assumed exercise of 
         convertible debt              -     544       -   3,239       -   3,293
    (3) Assumed exercise of 
         incentive stock options     227     257     144     144     107     107
    (4) Assumed exercise of 
         stock options               134     177                               
  Total shares                    15,784  16,401  11,964  15,203  10,527  13,820

  Net income per common share       $.74    $.74   $1.30   $1.20   $1.08   $1.01
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