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EXHIBIT 12.2

BOISE CASCADE CORPORATION AND SUBSIDIARIES
Ratio of Earnings to Combined Fixed Charges
and Preferred Dividend Requirements

																Three Months
	Year Ended December 31															Ended March 31
	-------------------------------------------------------------------------------------															-----------------------------
	1995			1996			1997			1998				1999			1999			2000
	--------------			--------------			--------------			--------------			--------------			------------			--------------
	(dollar amounts expressed in thousands)
Interest costs	$	135,130		$	128,360		$	137,350		$	159,870		$	146,124		$	37,590		$	36,984
Interest capitalized during the period		3,549			17,778			10,575			1,341			238			61			125
Interest factor related to noncapitalized leases(1)		8,600			12,982			11,931			11,308			13,065			2,998			3,033
	--------------			--------------			----------------			----------------			--------------			------------			--------------
Total fixed charges		147,279			159,120			159,856			172,519			159,427			40,649			40,142
Preferred stock dividend requirements -- pretax		59,850			65,207			44,686			19,940			17,129			8,754			8,091
	--------------			--------------			----------------			----------------			--------------			------------			--------------
Combined fixed charges and preferred    dividend requirements	$	207,129		$	224,327		$	204,542		$	192,459		$	176,556		$	49,403		$	48,233
	========			========			=========			=========			========			=======			========
Income (loss) before income taxes,    minority interest, and cumulative effect    of accounting change	$	589,410		$	31,340		$	(28,930	)	$	(16,878	)	$	355,940		$	33,535		$	71,846
Undistributed (earnings) losses of less than 50%    owned entities, net of distributions received		(36,861	)		(1,290	)		5,180			3,791			(6,115	)		(746	)		(2,321	)
Total fixed charges		147,279			159,120			159,856			172,519			159,427			40,649			40,142
Less interest capitalized		(3,549	)		(17,778	)		(10,575	)		(1,341	)		(238	)		(61	)		(125	)
	--------------			--------------			----------------			----------------			--------------			------------			--------------
Total earnings before fixed charges	$	696,279		$	171,392		$	125,531		$	158,091		$	509,014		$	73,377		$	109,542
	========			========			=========			=========			========			=======			========
Ratio of earnings to combined fixed charges and    preferred dividend requirements		3.36			-			-			-			2.88			1.49			2.27
Excess of combined fixed charges and preferred    dividend requirements over total earnings    before fixed charges	$	-		$	52,935		$	79,011		$	34,368		$	-		$	-		$	-

(1)   Interest expense for operating leases with terms of one year or longer is based on an imputed interest rate for each lease.