SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

                                   FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
ACT OF 1934



For Quarter Ended  April 1, 1994                  Commission File  #1-4224


                                    Avnet, Inc.                               
            (Exact name of registrant as specified in its charter)


             New York                                           11-1890605    
(State or other jurisdiction of                       IRS Employer I.D. Number
incorporation or organization)


     80 Cutter Mill Road, Great Neck, N.Y.                           11021    
(Address of principal executive offices)                           (Zip Code)


Registrant's telephone number, including area code . . . . . . . .516-466-7000


                                    Not Applicable                            
(Former name, former address and former fiscal year, if changed since last
report)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.


                         Yes  x                 No    

The number of shares of the registrant's Common Stock (net of treasury shares)
as of the close of the period covered by this report . . . . . 40,650,465 shs.

The number of units then outstanding of other publicly-traded securities of
the registrant:

    6% Conv. Sub. Debs. Due April 15, 2012  . . . . . . . . . . $105,285,000
    6 7/8% Notes Due March 15, 2004 . . . . . . . . . . . . . . $100,000,000
<PAGE>

                           AVNET, INC. AND SUBSIDIARIES

                                     INDEX



Part  I. Financial Information                                    Page No.


         Item 1.  Financial Statements.

              Consolidated Condensed Balance Sheets - 
              April 1, 1994 and June 30, 1993                         3


              Consolidated Condensed Statements of Income - 
              Nine Months Ended April 1, 1994 and 
              April 2, 1993                                           4


              Consolidated Condensed Statements of Income -           
              Third Quarter Ended April 1, 1994 and
              April 2, 1993                                           5


              Consolidated Condensed Statements of Cash Flows -
              Nine Months Ended April 1, 1994 and 
              April 2, 1993                                           6


              Notes to Consolidated Condensed Financial                        

              Statements                                              7 - 8



         Item 2.  Management's Discussion and Analysis                9 - 11
  


Part II. Other Information


         Item 6.  Exhibits and Reports from Form 8-K

                  a.  The following documents are filed as
                      part of this report:

                      *Exhibit 11.1  Computation of Earnings per
                                     share - Primary                 12 - 13

                      *Exhibit 11.2  Computation of Earnings per
                                     share - Fully Diluted           14 - 15


         Signature Page                                              16


         * Filed herewith


<PAGE>
                     

                        PART I - FINANCIAL INFORMATION

                         AVNET, INC. AND SUBSIDIARIES
                     CONSOLIDATED CONDENSED BALANCE SHEETS
                            (dollars in thousands)



Item I.  Financial Statements
                                                  April 1,        June 30,   
                                                    1994            1993   
                                                (unaudited)      (audited)
Assets:
  Current assets:
    Cash and cash equivalents                    $   46,022      $  219,827 
    Receivables, less allowances of $21,058     
      and $14,736, respectively                     537,577         359,200    
    Inventories (Note 3)                            590,234         491,769
    Other                                            11,651           4,797
      Total current assets                        1,185,484       1,075,593  
  
  Property, plant & equipment, at cost, net         111,931         102,539 
  Intangibles and other assets                      408,067          69,181
      Total assets                               $1,705,482      $1,247,313

Liabilities:
  Current liabilities:
    Borrowings due within one year               $       46      $      107
    Accounts payable                                223,375         182,227
    Accrued expenses and other                      103,619          90,196
      Total current liabilities                     327,040         272,530

  Long-term debt, less due within one year          302,552         106,623
  
  Contingencies (Note 4)

      Total liabilities                             629,592         379,153

Shareholders' equity (Note 5):
  Common stock $1.00 par, authorized
    60,000,000 shares, issued 41,096,000
    shares and 36,131,000 shares,
    respectively                                     41,096          36,131
  Additional paid-in capital                        307,078         138,230
  Retained earnings                                 757,322         719,308
  Cumulative translation adjustments            (    19,293)    (    14,313)
  Common stock held in treasury at cost,
  445,000 shares and 483,000 shares,
    respectively                                (    10,313)    (    11,196)
      Total shareholders' equity                  1,075,890         868,160

      Total liabilities and shareholders'
        equity                                   $1,705,482      $1,247,313





           SEE NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
<PAGE>

                         AVNET, INC. AND SUBSIDIARIES
                  CONSOLIDATED CONDENSED STATEMENTS OF INCOME
                (amounts in thousands except per share amounts)


                                                     Nine Months Ended
                                                  April 1,       April 2,      
                                                    1994           1993   
                                                        (unaudited)
Revenues:

  Sales                                          $2,628,512      $1,642,495
  Investment and other income, net                    2,120          16,737 

                                                  2,630,632       1,659,232 

Costs and expenses:
  Cost of sales                                   2,118,164       1,281,738
  Selling, shipping, general
    and administrative                              355,234         273,689
  Depreciation and amortization                      19,311          12,199
  Restructuring and integration                      22,702          --   
  Interest                                           10,294           7,294 

                                                  2,525,705       1,574,920 

Income before income taxes and cumulative
  effect of change in accounting for
    income taxes                                    104,927          84,312

Income taxes                                         45,871          33,762 

Income before cumulative effect of
  accounting change                                  59,056          50,550
  
Cumulative effect of change in method of
  accounting for income taxes                        (2,791)         --       


Net income                                       $   56,265      $   50,550 

Earnings per share:  (Note 6)
  Income before cumulative effect of
    accounting change                            $     1.45      $     1.40 

  Cumulative effect of change in method
    of accounting for income taxes                    (0.07)         --     

  Net income                                     $     1.38       $    1.40 

  Shares used to compute earnings per
    share (Note 6)                                   40,846          38,236 





           SEE NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
<PAGE>

                         AVNET, INC. AND SUBSIDIARIES
                  CONSOLIDATED CONDENSED STATEMENTS OF INCOME
                (amounts in thousands except per share amounts)





                                                    Third Quarter Ended
                                                  April 1,       April 2, 
                                                    1994           1993   
                                                        (unaudited)
Revenues:

  Sales                                          $ 900,048       $ 582,498

  Investment and other income, net                   1,154           3,081 

                                                   901,202         585,579 
      
Costs and expenses:
  Cost of sales                                    727,649         455,408
  Selling, shipping, general
    and administrative                             119,332          94,106
  Depreciation and amortization                      6,591           4,054 
  Interest                                           3,682           1,901 

                                                   857,254         555,469 

Income before income taxes                          43,948          30,110

Income taxes                                        18,604          11,924 

Net income                                       $  25,344       $  18,186 

Earnings per share  (Note 6)                     $    0.62       $    0.50 

Shares used to compute earnings per
  share (Note 6)                                    40,909          38,305 



           SEE NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
<PAGE>

                         AVNET, INC. AND SUBSIDIARIES
                CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                            (dollars in thousands)

                                                     Nine Months Ended
                                                  April 1,       April 2, 
                                                    1994           1993    
                                                        (unaudited)

Cash flows from operating activities:
  Net income                                     $ 56,265        $ 50,550
  Add non-cash and other reconciling items:
    Depreciation and amortization                  23,506          17,421
    Deferred taxes                              (     566)      (     164)
    Cumulative effect of change in accounting       2,791           --
      for income taxes                                                    
    Other, net (Note 7)                            11,334       (     236)
                                                   93,330          67,571
                                                                        
  Receivables                                   (  84,905)      (  18,306)
  Inventories                                      16,661       (   1,744)
  Payables, accruals and other, net             (  30,064)      (  19,109)
 
    Net cash flows (used for) provided from
      operations                                (   4,978)         28,412
  
    
Cash flows from financing activities:
  Issuance of notes in public offering             98,877           --    
  Issuance of bank debt                            94,500           --    
  Redemption of debentures                           --         (  68,117)
  (Payment) of other debt                       (     173)      (   1,478)
  Cash dividends                                (  23,607)      (  21,342)
  Other, net                                        2,402             921

    Net cash flows provided from (used for)
      financing                                   171,999       (  90,016)

Cash flows from investing activities:
  Purchases of property, plant and equipment    (  12,617)      (  13,855)
  Acquisition of operations (Note 7)            ( 328,237)      (  30,562)
  Disposition of interest-bearing
    investments, net                                --            131,991
  Other, net                                           28       (     332)

    Net cash flows (used for) provided from
      investing                                 ( 340,826)         87,242

Cash and cash equivalents:                       
      - (decrease) increase                     ( 173,805)         25,638
      - at beginning of year                      219,827          56,893
      - at end of period                         $ 46,022        $ 82,531

Additional cash flow information: (Note 7)



           SEE NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
<PAGE>

                         AVNET, INC. AND SUBSIDIARIES

             NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



1.  In the opinion of the Company, the accompanying unaudited consolidated
    condensed financial statements contain all adjustments (consisting of
    normal recurring accruals) necessary to present fairly the financial
    position as of April 1, 1994; the results of operations for the first
    nine months and third quarters ended April 1, 1994 and April 2, 1993;
    and the cash flows for the first nine months ended April 1, 1994 and
    April 2, 1993.


2.  The results of operations for the first nine months and third quarter
    ended April 1, 1994 are not necessarily indicative of the results to be
    expected for the full year.


3.  Inventories:
    (Thousands)

                                                 April 1,    June 30,
                                                  1994         1993  

    Finished goods                              $508,353     $422,823
    Work in process                                2,804        2,861
    Purchased parts and raw materials             79,077       66,085

                                                $590,234     $491,769


4.  From time to time, the Company may become liable with respect to pending
    and threatened litigation, taxes and environmental and other matters. 
    During the fourth quarter of 1992, the Environmental Protection Agency
    (EPA) issued a remedial investigation and feasibility study in
    connection with the environmental clean-up at a Company-owned site in
    Oxford, NC for which the company has been designated a potentially
    responsible party.  The EPA's preliminary estimate of the cost of the
    clean-up alternative it has recommended is approximately $6.3 million. 
    In addition, past costs of the EPA have amounted to approximately $1.5
    million.  In May 1993, the Company settled its lawsuit against the prior
    owners of the site and entered into a Consent Decree and Court Order. 
    Pursuant to that settlement, the former owners have agreed to bear at
    least 70% of the clean-up cost of the site.  The Company will be
    responsible for not more than 30% of the clean-up costs.  In August 1993
    the Company and the former owners entered into a Consent Decree with the
    EPA pursuant to which the clean-up of the site will proceed.  The
    Company believes that it has adequately reserved for its share of the
    costs of the clean-up and it is not anticipated that any other
    contingent matters will have a material adverse impact on the Company's
    financial condition, liquidity or results of operations.


5.  Number of shares of common stock reserved
    for conversion, warrants, options and 
    other rights:                                        4,966,160 

                         AVNET, INC. AND SUBSIDIARIES     
                        
             NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



6.  Solely for the purpose of calculating earnings per share for the third
    quarter and first nine months of the prior year ended April 2, 1993,
    common shares issuable upon conversion of the 6% Convertible
    Subordinated Debentures were considered common equivalent shares and the
    net interest expense applicable to such Debentures was eliminated.  In
    the current year's third quarter and first nine months these adjustments
    were not made because the impact of including the 6% Debentures would
    have been immaterial.


7.  Additional cash flow information:

    Other non-cash and reconciling items primarily include the provision for
    doubtful accounts and gains and losses on dispositions of marketable
    securities.  Non-cash financing costs include the issuance of $166.1
    million in Avnet stock in connection with the acquisition of Hall-Mark
    Electronics Corporation ("Hall-Mark").
  
    Cash expended for the acquisition of operations include primarily the
    cash paid for the acquisition of Hall-Mark and Adelsy.

    Interest and income taxes paid were as follows:
    (Thousands)                                         Fiscal
                                                  1994           1993  

    Interest                                    $ 9,100         $ 9,968
    Income taxes                                $52,637         $30,484

    
8.  On July 1, 1993, the Company completed the acquisition of all of the
    stock of Hall-Mark, the nation's third largest distributor of electronic
    components, pursuant to an Agreement and Plan of Merger dated April 20,
    1993.  Each share of Hall-Mark common stock was exchanged for $20 in
    cash and 0.45 shares of Avnet common stock, which had a market value of
    $34.1875 on July 1, 1993.  The total cost of the acquisition was
    approximately $487.6 million consisting of $212.0 million in cash (after
    consideration of Hall-Mark cash on hand, proceeds from the exercise of
    Hall-Mark options and warrants, and professional fees incurred in
    connection with the acquisition) and $166.1 million in Avnet stock for
    the Hall-Mark common stock, and $109.5 million for the refinancing of
    Hall-Mark bank debt.  The $321.5 million of funding required to complete
    the transaction was financed through cash on hand and borrowings under
    a credit facility with NationsBank of North Carolina, N.A.  The
    transaction has been accounted for as a purchase.
<PAGE>



I
tem 2.Management Discussion and Analysis


Results of Operations


On July 1, 1993, Avnet completed the acquisition of Hall-Mark Electronics
Corporation, including its wholly-owned subsidiary Allied Electronics, Inc.
(together referred to as "Hall-Mark").  Prior to the acquisition, Hall-Mark was
the nation's third largest distributor of electronic components.  Immediately
after the acquisition, Hall-Mark was integrated into the Company's Electronic
Marketing Group.  Accordingly, the results of operations of the Company for the
third quarter and nine months of fiscal 1994 ended April 1, 1994 include the
results of Hall-Mark.  

In the third quarter of this year, consolidated sales were $900.0 million, up
55% as compared with sales of $582.5 million in the prior year's quarter and
up more than 15% when the prior year's sales are adjusted pro forma to
include Hall-Mark sales.  Gross profit margins of 19.2% for the quarter were 
lower by 2.6% as compared with 21.8% during the prior year period as
competitive pressures and sales of lower margin microprocessors continued to
negatively impact margins.  However, operating expenses as a percentage of
sales, excluding depreciation and amortization, decreased by 2.9% to 13.3% in
the third quarter of this year as compared with 16.2% in the prior year
period reflecting the Company's continued emphasis on operating efficiencies
as well as the impact of synergies achieved through the integration of
Hall-Mark.  Depreciation and amortization were substantially higher in the
current year's third quarter and nine months ended April 1, 1994 due
primarily to the amortization of goodwill associated with the Hall-Mark
acquisition.  

Sales in the nine months of fiscal 1994 were $2.629 billion or 60% higher than
the $1.642 billion in the prior year period.  If Hall-Mark sales were included
in the prior year's nine months, sales during fiscal 1994's nine months would be
20% higher.  Gross profit margins in the nine months of this year were 19.4% as
compared with 22.0% in the prior year, a decline of 2.6%.  Operating expenses as
a percentage of sales, excluding depreciation and amortization, were 13.5% as
compared with 16.7% last year. 

Investment and other income was down substantially in the third quarter and nine
months of fiscal 1994 when compared with the comparable periods last year.  This
was due primarily to the liquidation of the Company's marketable securities
portfolio, the proceeds of which were used to partially fund the July 1, 1993
acquisition of Hall-Mark.  Interest expense in the third quarter and nine months
were both higher than in the prior year periods due primarily to the increase in
total debt outstanding as a result of the Hall-Mark acquisition.  Interest
expense in the third quarter of fiscal 1994 was higher than in the immediately
preceding second quarter due to an increase in debt outstanding and a slightly
higher effective interest rate.  Interest expense is expected to be higher in
the fourth quarter as the effective interest rate on Avnet's borrowings
increases.  The effective  tax rate increased in fiscal 1994 due primarily to
the 1% increase in federal income tax rates and the impact of the non-
deductible amortization of goodwill which arose in connection with the
acquisition of Hall-Mark.

As a result of the above, net income for the third quarter and nine months
(before one-time special charges recorded in the first quarter) was $25.3
million and $73.1 million, respectively, up 39% and 45% when compared with
$18.2 million and $50.6 million, respectively, in the comparable prior year
periods.


<PAGE>
Results of Operations (continued)

   
During the first quarter of 1994 the Company recorded one time special charges
which negatively impacted net income by $16.8 million or $0.41 per share.  After
such charges, net income for the nine months was $56.3 million or $1.38 per
share.  The one-time charges included $22.7 million ($13.5 million after tax) of
restructuring and integration costs associated with the July 1, 1993 acquisition
of Hall-Mark and the restructuring of the Electrical and Industrial Group. 
These costs included accruals for severance, anticipated real and personal
property lease terminations, relocation of employees, inventory adjustments
related to anticipated supplier terminations and other items.  Other
non-recurring charges in the first quarter were the $0.5 million impact of
the retroactive increase in federal income tax rates as it relates to fiscal
1993 income and the $2.8 million cumulative effect of the change in the
method of accounting for income taxes as a result of the Company's adopting
Statement of Financial Accounting Standards(SFAS) No. 109.  

Sales per day during April, the first month of the fourth quarter, were higher
than in the comparable period last year when adjusted to include the sales of
Hall-Mark on a pro forma basis, and were also higher than in January, the first
month of the immediately preceding quarter.

The Electronic Marketing Group's fiscal 1994 third quarter and nine months sales
accounted for 91% and 89%, respectively, of consolidated sales as compared with
86% in the prior year periods.  Group sales were up by 62% and 66%,
respectively, in the third quarter and nine months as compared with the
comparable periods last year, due principally to the Hall-Mark acquisition,
and strong sales performances at Hamilton Hallmark and the Avnet Computer
Group and a significant increase in the Group's European volume.  Gross
profit margins in both the third quarter and nine months of this year were
lower than in the prior year periods, but lower operating expenses as a
percentage of sales more than offset the decrease in gross profit margins. 
Although the decrease in investment and other income and the increase in the
effective tax rate resulted in a lower net income margin year as compared with
last year, net income (before special charges) increased approximately 40% in
both the third quarter and nine months.  

The Video Communications Group's third quarter sales of $38.3 million, which
represented 4% of consolidated sales, were up 19% as compared with the prior
year's quarter, while nine months sales of $154.6 million were up almost 57% 
over the prior year period.  This sales increase for the nine months ended
April 1, 1994 was due primarily to the sales volume of replacement satellite
TV signal decoding mechanisms.  Sales of decoding mechanisms slowed in the
third quarter; however, the Video Communications Group began shipping Direct
Broadcast Satellite (DBS) antennas in the current quarter.  Net income  for
this year's nine month period was up substantially compared with the prior
year's nine months which included the losses incurred by the Far East
operations that have since been closed.  

The Electrical and Industrial Group, with 5% of consolidated sales, posted
slightly lower revenues and a small profit for the third quarter and nine
months.

<PAGE>
Liquidity and Capital Resources


During the first nine months of fiscal 1994, the Company used $328.2 million for
the acquisition of Hall-Mark and for Adelsy and De Mico S.p.A., two Italian
electronics distributors.  Additionally, the Company used $5.0 million for
operations and $33.8 million, net for the purchases of property, plant and
equipment, cash dividends and other items.  Of that $367.0 million use of funds,
$193.2 million was obtained from additional borrowings and $173.8 million came
from the Company's available cash.

The Company's quick assets at April 1, 1994 totaled $583.6 million compared with
$579.0 million at June 30, 1993, and exceeded the Company's current liabilities
by $256.6 million compared with a $306.5 million excess at June 30, 1993. 
Working capital at April 1, 1994 was $858.4 million compared with $803.1 million
at June 30, 1993.  At the end of the third quarter, to support each dollar of
current liabilities, the Company had $1.78 of quick assets and $1.84 of other
current assets for a total of $3.62 of current assets compared with $3.95 at
June 30, 1993.  

In order to fund the acquisition of Hall-Mark, the Company established a credit
arrangement with NationsBank of North Carolina, N.A. ("NationsBank").  That
credit arrangement has since been restructured and currently consists of a
three-year revolving credit facility with a syndication of banks which
provides a line of credit of up to $150.0 million.  The Company may select
from various interest rate options and maturities under this facility.  In
January 1994 the Company filed a registration statement with the Securities
and Exchange Commission which provides for borrowings of up to $200 million
in public debt over the next two years.  On March 15, 1994 the Company
completed a $100 million public offering of its 6 7/8% Notes Due March 15,
2004 (the "6 7/8% Notes"), the net proceeds from which, amounting to $98.9
million, were used to pay down a portion of its outstanding bank debt.

During the nine months of fiscal 1994, shareholders' equity increased by $207.7
million, principally as a result of the issuance of common stock in connection
with the acquisition of Hall-Mark.  Long-term debt increased by $195.9 million
due primarily to borrowings under the newly established three-year revolving
credit facility and the 6 7/8% Notes.  At April 1, 1994 the Company's long-term
debt amounted to $302.6 million or 21.9% of capital.  The Company's favorable
balance sheet ratios would facilitate additional financing if, in the opinion of
management, such financing would enhance the future operations of the Company.

Currently, the Company does not have any commitments for material capital
expenditures.  The Company is not aware of any commitments, contingencies,
trends, events or uncertainties which are anticipated to have a material adverse
impact on the Company's financial condition or which may significantly alter its
ability to generate sufficient cash from internal or external sources to meet 
its needs.  However, reference is made to Note 4 of the consolidated condensed
financial statements, which Note is incorporated as if fully set forth herein, 
and which describes an environmental clean-up of a Company-owned site in Oxford,
North Carolina.  In addition, in October 1993, the Company received a notice of
claim from the New York State Department of Environmental Protection in
connection with a proposed remedial investigation at a site formerly owned by
the Company's Video Communications Group in Huguenot, New York.  The Company
is currently investigating the nature and extent of its potential liability in
connection with the remedial investigation, which liability, if any, has not
yet been qualified.


<PAGE>
                       




                         AVNET, INC. AND SUBSIDIARIES
                                                                               
                                                                  EXHIBIT 11.1

                  COMPUTATION OF EARNINGS PER SHARE - PRIMARY

                                                      Nine Months Ended
                                                   April 1,        April 2, 
                                                     1994            1993    
                                                         (unaudited)
A.  Primary earnings per share:

      Common shares outstanding
        (weighted average)                         40,568,371      35,576,187

      Common equivalent shares:
        Conversion of convertible debentures
          (weighted average) (Note 6)                 --            2,448,487

        Contingent shares issuable                     99,557         102,775

        Exercise of warrants and options
          using the treasury method                   178,211         108,338 

      Total common and common equivalent
        shares                                     40,846,139      38,235,787 

      Income before cumulative effect of
        change in accounting                      $59,055,573     $50,549,966

      Interest expense on convertible
        debentures - net of taxes (Note 6)            --            2,891,445 

      Income used for computing earnings
        per share before cumulative effect
          of change in accounting                 $59,055,573     $53,441,411

      Cumulative effect of change in
        accounting                              (   2,790,839)       --       

      Income used for computing earnings
        per share                                 $56,264,734     $53,441,411 

      Primary earnings per share:

        Income before cumulative effect of
          accounting change                             $1.45           $1.40
  
        Cumulative effect of change in
          accounting for income taxes                   (0.07)       --       

        Net income                                      $1.38           $1.40 





           SEE NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
<PAGE>

                          AVNET, INC. AND SUBSIDIARIES
                                                                               
                                                                    EXHIBIT 11.1

                  COMPUTATION OF EARNINGS PER SHARE - PRIMARY





                                                     Third Quarter Ended
                                                  April 1,         April 2,  
                                                    1994             1993    
                                                         (unaudited)
A.  Primary earnings per share:

      Common shares outstanding
        (weighted average)                       40,618,068        35,630,234

      Common equivalent shares:
        Conversion of convertible debentures
          (weighted average) (Note 6)                --             2,448,487
 
        Contingent shares issuable                   82,068            89,234  
   
        Exercise of warrants and options
          using the treasury method                 209,348           137,345

      Total common and common equivalent
        shares                                   40,909,484        38,305,300

      Net Income                                $25,343,874       $18,185,572

      Interest expense on convertible
        debentures - net of taxes (Note 6)           --               963,815

      Income used for computing earnings
        per share                               $25,343,874       $19,149,387

      Primary earnings per share                      $0.62             $0.50







           SEE NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
<PAGE>
                        AVNET, INC. AND SUBSIDIARIES

                                                                               
                                                                    EXHIBIT 11.2

               COMPUTATION OF EARNINGS PER SHARE - FULLY DILUTED


                                                      Nine Months Ended
                                                   April 1,        April 2, 
                                                    1994             1993    
                                                         (unaudited)

B.  Fully diluted earnings per share:

      Common and common equivalents (Note 6)       40,846,139      38,235,787

      Additional dilution upon exercise
        of options and warrants                        54,525          19,456

      Total fully diluted shares                   40,900,664      38,255,243

      Income before cumulative effect of
        change in accounting                      $59,055,573     $50,549,966

      Interest expense on convertible
        debentures - net of taxes (Note 6)            --            2,891,445

      Income used for computing earnings
        per share before cumulative effect
          of change in accounting                 $59,055,573     $53,441,411

      Cumulative effect of change in
        accounting                              (   2,790,839)        --       
 
      Income used for computing earnings
        per share                                 $56,264,734     $53,441,411

      Fully diluted earnings per share:

        Income before cumulative effect of
          accounting change                             $1.45           $1.40

        Cumulative effect of change in
          accounting for income taxes                   (0.07         --     

        Net income                                      $1.38           $1.40

                                       







                                       
               SEE NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
<PAGE>

                         AVNET, INC. AND SUBSIDIARIES

                                                                               
                                                                    EXHIBIT 11.2

               COMPUTATION OF EARNINGS PER SHARE - FULLY DILUTED





                                                    Third Quarter Ended
                                                  April 1,          April 2, 
                                                    1994             1993    
                                                         (unaudited)

B.  Fully diluted earnings per share:

      Common and common equivalents (Note 6)     40,909,484        38,305,300

      Additional dilution upon exercise
        of options and warrants                      34,397            14,240

      Total fully diluted shares                 40,943,881        38,319,540

      Net income                                $25,343,874       $18,185,572

      Interest expense on convertible
        debentures - net of taxes (Note 6)           --               963,815

      Income used for computing earnings
        per share                               $25,343,874       $19,149,387

      Fully diluted earnings per share                $0.62             $0.50






           SEE NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
<PAGE>

                               S I G N A T U R E



      Pursuant to the requirements of the Securities Exchange Act of 1934,
      the registrant has duly caused this report to be signed on its
      behalf by the undersigned, thereunto duly authorized.

















                                    Avnet, Inc.
                                    (Registrant)



                                    By: s/Raymond Sadowski        
                                        Raymond Sadowski
                                        Senior Vice President,
                                        Chief Financial Officer
                                        and Assistant Secretary





                                    By: s/John F. Cole             
                                        John F. Cole
                                        Controller and Principal 
                                        Accounting Officer
      

 May 13, 1994
     Date