EXHIBIT 12

Weyerhaeuser Company and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(Dollar amounts in thousands)

	2003		2002			2001			2000			1999
Available earnings:
Earnings before interest expense, amortization of debt expense, income taxes and cumulative effect of a change in accounting principle	$	1,313,199	$	1,216,174		$	925,886		$	1,748,044		$	1,310,445
Add interest portion of rental expense		59,455		54,218			45,655			42,063			27,515
Deduct undistributed earnings of equity affiliates		9,356		(20,689	)		81,083			(70,467	)		(33,540	)
Available earnings before cumulative effect of a change in accounting principle	$	1,382,010	$	1,249,703		$	1,052,624		$	1,719,640		$	1,304,420
Fixed charges:
Interest expense incurred:
Weyerhaeuser Company and subsidiaries excluding Weyerhaeuser Real Estate Company and other related subsidiaries	$	800,751	$	797,071		$	353,365		$	352,341		$	274,599
Weyerhaeuser Real Estate Company and other related subsidiaries		53,215		52,926			68,887			83,556			74,436
Subtotal		853,966		849,997			422,252			435,897			349,035
Less intercompany interest		103		(800	)		(924	)		(568	)		(2,230	)
Total interest expense incurred		854,069		849,197			421,328			435,329			346,805
Amortization of debt expense		14,488		24,124			4,642			3,331			3,957
Interest portion of rental expense		59,455		54,218			45,655			42,063			27,515
Total fixed charges	$	928,012	$	927,539		$	471,625		$	480,723		$	378,277
Ratio of earnings to fixed charges		1.49x		1.35x			2.23x			3.58x			3.45x

Weyerhaeuser Company with its Weyerhaeuser Real Estate Company and Other Related Subsidiaries Accounted for on the Equity Method, but Excluding the Undistributed Earnings of Those Subsidiaries Computation of Ratios of Earnings to Fixed Charges
(Dollar amounts in thousands)

	2003			2002			2001			2000			1999
Available earnings:
Earnings before interest expense, amortization of debt expense, income taxes and cumulative effect of a change in accounting principle	$	1,232,651		$	1,141,706		$	854,436		$	1,658,343		$	1,232,822
Add interest portion of rental expense		55,209			50,748			42,694			39,102			24,973
Deduct undistributed earnings of equity affiliates		2,340			(4,517	)		(29,781	)		(24,021	)		(20,456	)
Deduct undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and related subsidiaries		(276,665	)		(165,911	)		(234,648	)		(259,449	)		(89,885	)
Available earnings before cumulative effect of a change in an accounting principle	$	1,013,535		$	1,022,026		$	632,701		$	1,413,975		$	1,147,454
Fixed charges:
Interest expense incurred	$	800,751		$	797,071		$	353,365		$	352,341		$	274,599
Amortization of debt expense		14,488			24,124			4,642			3,331			3,957
Interest portion of rental expense		55,209			50,748			42,694			39,102			24,973
Total fixed charges	$	870,448		$	871,943		$	400,701		$	394,774		$	303,529
Ratio of earnings to fixed charges		1.16x			1.17x			1.58x			3.58x			3.78x