EXHIBIT 12

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

	Twenty-Six Weeks Ended
	June 27,			June 29,
	2004			2003
Available earnings:
Earnings before interest expense, amortization of debt expense, income taxes and cumulative effect of a change in accounting principle	$	1,181,815		$	612,737
Add interest portion of rental expense		29,767			29,545
Deduct undistributed earnings of equity affiliates		(10,641	)		(10,411	)
Available earnings before cumulative effect of a change in accounting principle	$	1,200,941		$	631,871
Fixed charges:
Interest expense incurred:
Weyerhaeuser Company and subsidiaries excluding Weyerhaeuser Real Estate Company and other related subsidiaries	$	405,312		$	405,702
Weyerhaeuser Real Estate Company and other related subsidiaries		29,521			26,879
Subtotal		434,833			432,581
Less intercompany interest		(283	)		46
Total interest expense incurred		434,550			432,627
Amortization of debt expense		8,023			6,925
Interest portion of rental expense		29,767			29,545
Total fixed charges	$	472,340		$	469,097
Ratio of earnings to fixed charges		2.54			1.35

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)

	Twenty-Six Weeks Ended
	June 27,			June 29,
	2004			2003
Available earnings:
Earnings before interest expense, amortization of debt expense, income taxes and cumulative effect of a change in accounting principle	$	1,150,895		$	575,784
Add interest portion of rental expense		27,219			27,491
Deduct undistributed earnings of equity affiliates		3,747			(4,152	)
Deduct undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries		(237,795	)		(185,524	)
Available earnings before cumulative effect of a change in accounting principle	$	944,066		$	413,599
Fixed charges:
Interest expense incurred	$	405,312		$	405,702
Amortization of debt expense		8,023			6,925
Interest portion of rental expense		27,219			27,491
Total fixed charges	$	440,554		$	440,118
Ratio of earnings to fixed charges		2.14			0.94	(1)

⁽¹⁾ Fixed charges exceeded available earnings before the cumulative effect of a change in accounting principle of 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 by approximately $27 million for the twenty-six weeks ended June 29, 2003.