Exhibit 11.1

SAFEWAY INC. AND SUBSIDIARIES
Computation of Earnings Per Common Share
(In millions, except per-share amounts)
(Unaudited)

			12 Weeks Ended
			September 8, 2001					September 9, 2000
			Diluted			Basic		Diluted			Basic
Net income			$	309.2		$	309.2	$	270.0		$	270.0
Weighted average common shares outstanding				505.8			505.8		497.9			497.9
Common share equivalents				9.4					13.8
	Weighted average shares outstanding			515.2					511.7
Earnings per share			$	0.60		$	0.61	$	0.53		$	0.54
Calculation of common share equivalents:
		Options to purchase common shares		28.1					37.6
		Common shares assumed purchased with potential proceeds		(18.7	)				(23.8	)
		Common share equivalents		9.4					13.8
Calculation of common shares assumed purchased with potential proceeds:
		Potential proceeds from exercise of options to purchase common shares	$	856.3				$	1,125.0
		Common stock price used under the treasury stock method	$	45.61				$	47.27
		Common shares assumed purchased with potential proceeds		18.7					23.8

Anti-dilutive shares totaling 10.2 million in 2001 and 2.7 million in 2000 have been excluded from diluted weighted average shares outstanding.

SAFEWAY INC. AND SUBSIDIARIES
Computation of Earnings Per Common Share
(In millions, except per-share amounts)
(Unaudited)

		36 Weeks Ended
		September 8, 2001					September 9, 2000
		Diluted			Basic		Diluted			Basic
Net income		$	900.3		$	900.3	$	792.8		$	792.8
Weighted average common shares outstanding			505.4			505.4		496.1			496.1
Common share equivalents			10.5					13.9
Weighted average common shares and common share equivalents			515.9					510.0
Earnings per common share and common share equivalent:
	Net income	$	1.75		$	1.78	$	1.55		$	1.60
Calculation of common share equivalents:
	Options to purchase common shares		32.0					37.9
	Common shares assumed purchased with potential proceeds		(21.5	)				(24.0	)
	Common share equivalents		10.5					13.9
Calculation of common shares assumed purchased with potential proceeds:
	Potential proceeds from exercise of options to purchase common shares	$	1,086.1				$	1,036.3
	Common stock price used under the treasury stock method	$	50.32				$	43.18
	Common shares assumed purchased with potential proceeds		21.5					24.0

Anti-dilutive shares totaling 5.9 million in 2001 and 3.3 million in 2000 have been excluded from diluted weighted average shares outstanding.