SK,
I just found out. They are the SAME! Savage told me that they still call the wood stocked gun the 110 even though they call all the laminated or synthetic stocked guns 111 (except for stainless which is 116 and heavy barrels which are 112. I was told the synthetic stocked 110 you see at WalMart is a special made gun for them. It's the same gun as the synthetic 111, but the stock is just cosmeticlly different.