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EXHIBIT 11



                               EARNINGS PER SHARE

                        CORN PRODUCTS INTERNATIONAL, INC.
                            COMPUTATION OF NET INCOME
                            PER SHARE OF COMMON STOCK





(ALL FIGURES ARE IN MILLIONS EXCEPT PER SHARE DATA)     THREE MONTHS ENDED    SIX MONTHS ENDED
                                                           JUNE 30, 2003        JUNE 30, 2003
                                                        ------------------    ----------------
                                                                        
Average shares outstanding - Basic ................              36.0               35.9

Effect of dilutive securities:
    Stock options .................................               0.2                0.1
                                                               ------             ------
Average shares outstanding - Assuming dilution ....              36.2               36.0
                                                               ======             ======

Net income ........................................            $ 18.2             $ 31.8

Earnings per share:
Basic .............................................            $ 0.50             $ 0.88
Dilutive ..........................................            $ 0.50             $ 0.88