EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
BEMIS COMPANY, INC.

			Six Months Ended June 30,						For the Year Ended December 31,
			1999			2000			1995			1996			1997			1998			1999
			(unaudited)						(in thousands of dollars except ratio data)
EARNINGS:
	Earnings before income taxes and cumulative effect of accounting changes		$	82,129		$	104,793		$	133,281		$	166,037		$	164,924		$	165,030		$	185,875
	Fixed charges			12,901			14,861			15,326			17,405			24,920			27,562			26,546
	Less: Capitalized interest			(679	)		(1,005	)		(696	)		(787	)		(1,317	)		(1,331	)		(1,568	)
	Minority interest in net income of majority-owned subsidiaries			1,929			203			3,970			4,695			5,406			4,496			4,224
	Less: Minority interest in net income of majority-owned subsidiaries without fixed charges			(22	)		(203	)		0			0			0			(242	)		(185	)
	Losses recognized in pre-tax income of less than 50% owned persons			5,729			1,060			0			0			0			1,546			7,614
	Capitalized interest amortization			373			377			538			577			509			801			769
TOTAL EARNINGS				102,360			120,086			152,419			187,927			194,442			197,862			223,275
FIXED CHARGES:
	Interest expense:
		Consolidated interest expense		10,342			12,106			11,549			13,397			18,893			21,866			21,218
		Capitalized interest		679			1,005			696			787			1,317			1,331			1,568
	Total interest expense			11,021			13,111			12,245			14,184			20,210			23,197			22,786
	Interest inherent in rent expense			1,880			1,750			3,081			3,221			4,710			4,365			3,760
TOTAL FIXED CHARGES				12,901			14,861			15,326			17,405			24,920			27,562			26,546
RATIO OF EARNINGS TO FIXED CHARGES				7.93			8.08			9.95			10.80			7.80			7.18			8.41