EXHIBIT 12.1

ONEOK, Inc.

Computation of Ratio of Earnings to Fixed Charges

	Years Ended December 31,
(Unaudited)	2004			2003			2002			2001			2000
	(Thousands of dollars)
Fixed Charges, as defined
Interest on long-term debt	$	94,516		$	93,335		$	87,933		$	109,229		$	90,027
Other interest		5,239			5,873			10,523			27,454			24,775
Amortization of debt discount and expense		3,713			4,977			7,949			3,475			3,828
Interest on lease agreements		21,638			21,323			22,831			21,564			6,311
Total Fixed Charges		125,106			125,508			129,236			161,722			124,941
Earnings before income taxes and undistributed income from equity investees		389,744			343,330			258,095			108,218			220,324
Earnings available for fixed charges	$	514,850		$	468,838		$	387,331		$	269,940		$	345,265
Ratio of earnings to fixed charges		4.12	x		3.74	x		3.00	x		1.67	x		2.76	x

For purposes of computing the ratio of earnings to fixed charges, “earnings” consists of income before cumulative effect of a change in accounting principle plus fixed charges and income taxes, less undistributed income for equity investees. “Fixed charges” consists of interest charges, the amortization of debt discounts and issue costs and the representative interest portion of operating leases.