Calvert New World Fund Inc – ‘485BPOS’ on 7/25/97 – EX-11

As of:  Friday, 7/25/97   ·   Effective:  7/31/97   ·   Accession #:  934700-97-7   ·   File #s:  33-87744, 811-08924

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Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 485BPOS     Post-Effective Amendment                              76±   324K 
 5: EX-11       Statement re: Computation of Earnings Per Share        2      8K 
 2: EX-23       Consent of Experts or Counsel                          1      6K 
 3: EX-23       Consent of Experts or Counsel                          1      6K 
 4: EX-24       Power of Attorney                                      9     25K 
 6: EX-27       Financial Data Schedule (Pre-XBRL)                     2±     8K 

EX-11   —   Statement re: Computation of Earnings Per Share

EX-11
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Exhibit 16                                                                      

SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATION                           
(UNAUDITED)                           

Calvert New World Fund, Inc.                                                    
Calvert New Africa Fund                                                         

Average Annual Total Return (maximum sales load                                 
deducted)                                                                       

Computation of the total return of Calvert New                                  
World Fund, Inc., Calvert New Africa Fund,  for the                             
one year period ended March 31, 1997, and for the                               
period from inception (April 12, 1995) to March 31,                             
1997.                                                                           

1 Year                   P(1  + T)n   = ERV                                     

P = $1000                     

T = ERV/P - 1                 

n = 1 year                    

     ERV = $1027.62 from 4/1/96 to 3/31/97

         T = ($1027.62/$1000.00) - 1 =.02760 = 2.76%

From Inception         P(1 + T) n  = ERV                                        

P = $1000                         

T = ERV/P - 1                     

n = from inception                

  ERV = $1013.90 from 4/21/95 to 3/31/97

        T = ($1013.90/$1000.00) - 1 = .01390 = 1.39%

EX-11
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SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATION                           
(UNAUDITED)                           

Calvert New World Fund, Inc.                                                    
Calvert New Africa Fund                                                         

Average Annual Total Return (no sales load deducted)                            

Non-standardized return (which does not reflect the                             
deduction of the sales charge) for the one year                                 
period ended March 31, 1997, and for the period                                 
from inception (April 12, 1995) to March 31, 1997.                              

1 Year                  P(1  + T)n  + =                                         
ERV*                                                                            

P = $1000                       

T = ERV/P - 1                   

      ERV =  $1054.17 from 4/1/96 to 3/31/97
                  (on a $1000 investment, no sales load)

           T = $1054.17/$1000.00) - 1 = .05417 = 5.42%

From Inception          P(1 + T) n  = ERV                                       

P = $1000                       

T = ERV/P - 1                   

n = 1 year (from inception)     

      ERV = $1027.10 from 4/12/95 to 3/31/97
                  (on a $1000 investment, no sales load)

           T = ($1027.10/$1000.00) - 1 = .02710= 2.71%

*Less 2% redemption fee if the redemption is made                               
within 2 years of the purchase.                                                 

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘485BPOS’ Filing		Date		First		Last			Other Filings
Effective on:		7/31/97
Filed on:		7/25/97
		3/31/97		1		2			24F-2NT,  N-30D,  NSAR-B
		4/12/95		1		2
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